
San Mateo, California 94402
This 1928 Mediterranean Condominium is a Strong Value Opportunity, listed at $899,950—positioned well below the $970,441 Fair Market Value by 7%. This valuation gap offers $70,491 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home includes significant 2026 infrastructure upgrades, blending historic charm with modern reliability. Located in the walkable Baywood neighborhood, this residence is an ideal acquisition for Owner-Occupants seeking a turnkey lifestyle or first-time buyers prioritizing transit access and architectural character.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 212 Eaton Road 22 Subject | $899,950* List Price | 2 | 2 | 1,310 | $741 | - |
A 10 Crystal Springs Road 2214 Sold | $895,000 | 2 | 2 | 1,238 | $723 | 0.3 mi |
B 225 Virginia Avenue Ph-d Sold | $1,147,500 | 2 | 2 | 1,486 | $772 | 0.1 mi |
C 10 Crystal Springs Road 2514 Sold | $965,000 | 2 | 2 | 1,190 | $811 | 0.3 mi |
D 10 Crystal Springs Road 2414 Sold | $933,000 | 2 | 2 | 1,238 | $754 | 0.3 mi |
E 10 Crystal Springs Road 1509 Active | $948,000 List Price | 2 | 2 | 1,079 | $879 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1928, the property features very recent (2026) updates to critical systems including plumbing and electrical. The kitchen is freshly painted and the vintage bathrooms are well-preserved and functional, making it move-in ready and well-maintained despite the older aesthetic.
This 1928 Mediterranean gem features rare period details including hand-painted Spanish tiles, wood-beamed ceilings, and a carved fireplace mantle, offering a unique aesthetic that cannot be replicated in modern construction.
Situated in the coveted Baywood neighborhood, the property is steps from downtown San Mateo’s extensive dining scene, Central Park, and Caltrain, providing an exceptional urban-suburban lifestyle with high transit accessibility.
The residence combines historic integrity with peace of mind through significant recent updates, including new plumbing, updated electrical systems, and fresh interior paint, making it truly move-in ready.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1078109952, other record lot size in square feet = 24750.
The monthly HOA fee of $1,285 is substantially high for a two-bedroom unit, which may impact buyer affordability and overall carrying costs compared to other local condominiums.
As a 1928 structure, the property likely lacks modern amenities such as central air conditioning and an open-concept layout, which may be a drawback for buyers seeking contemporary functional design.
A Once-in-a-Lifetime Baywood Mediterranean | Iconic 1928 Architectural Gem Step inside this stunning 2BD/2BA, 1,310 sqft residence tucked inside one of San Mateo's most iconic 1928 Mediterranean buildings, set behind a lush, manicured courtyard in the coveted Baywood neighborhood. This is the kind of home buyers wait years to find. From the hand-painted Spanish tile entry and wood-beamed ceilings to the elegant bay window, gleaming hardwood floors, and beautifully carved fireplace mantle, every detail reflects the timeless craftsmanship that defines pre-war California design. The light-filled living room opens to a formal dining area and a crisp, freshly painted kitchen with classic subway tile. Two generous bedrooms and preserved vintage-tiled baths complete this rarely available offering*Modern updates include new plumbing, lighting, paint, and updated electrical (May 2026). Move-in ready with character that simply cannot be replicated.Stroll to downtown San Mateo's 100+ restaurants, Michelin-starred dining, boutique shopping, Cinemark theater, and Central Park with its Japanese Tea Garden. Steps from Caltrain and minutes to 101, 92, and 280.Homes inside this iconic landmark rarely come to market. This is the once-in-a-lifetime address you'll tell people about. Welcome home.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,310 | 1,274 | 50% |
| Lot Size | 1,078,109,952 | 806.5 | 92% |
| Price | $900.0K | $949.0K | 42% |
| Price per sq ft | $687 | $763 | 17% |
| Built year | 1928 | 1991 | 17% |
| HOA | $1285.0 | $1.3K | 50% |
| Days on market | 26 | 93 | 8% |
May 19, 2026
$899,950
Initial Listing