2327 Armada Way, San Mateo, California 94404, San Mateo, 94404 - 2 bed, 3 bath
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San Mateo, California 94404
This Turnkey Condominium is a Strong Value Opportunity, listed at $1,158,000—positioned well above the $1,082,034 Fair Market Value by 7%. Featuring a Condition Rating of 2, the home offers a modern Granite Kitchen and remodeled baths, ensuring a move-in-ready experience. While the HOA fee is notable, the property’s proximity to major commuter routes and the community pool provides significant lifestyle appeal. This residence is an ideal acquisition for Silicon Valley Professionals or Owner-Occupants seeking a polished, low-maintenance home in San Mateo.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2327 Armada Way Subject | $1,100,000* List Price | 2 | 3 | 1,223 | $868 | - |
A 1054 Shoreline Drive Sold | $1,300,000 | 3 | 2 | 1,570 | $828 | 0.3 mi |
B 2175 Vista Del Mar Sold | $925,000 | 2 | 3 | 1,121 | $825 | 0.6 mi |
C 1422 Via Vista Sold | $865,000 | 2 | 2 | 1,070 | $808 | 0.5 mi |
D 1720 Vista Del Sol Sold | $875,000 | 2 | 2 | 1,070 | $818 | 0.5 mi |
E 1016 Shoreline Drive Sold | $1,198,000 | 3 | 2 | 1,570 | $763 | 0.3 mi |
F 1026 Shoreline Drive Active | $998,000 List Price | 2 | 2 | 1,165 | $857 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1979, the property has undergone a comprehensive renovation within the last 5 years. The kitchen is fully updated with granite countertops and modern stainless steel appliances, and all bathrooms have been tastefully remodeled with contemporary fixtures and finishes. The home is in mint, move-in-ready condition with updated flooring and lighting throughout.
The home features a fully updated kitchen with granite countertops and tastefully remodeled bathrooms, including a luxurious primary suite with a soaking tub, offering a move-in-ready experience for buyers.
Ideally positioned with easy access to Highway 101, Highway 92, and Caltrain, this property is perfectly situated for professionals commuting to major hubs in San Francisco or Silicon Valley.
The residence boasts elegant vaulted ceilings and a wood-burning fireplace that enhance the sense of space, complemented by private outdoor areas and access to a well-maintained community pool.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1153, other record lot size in square feet = 67679.
The monthly HOA fee of $825 is substantial, which significantly increases the total monthly carrying cost and may impact the purchasing power of potential buyers.
While the local high school is highly rated, the assigned elementary school currently holds a low rating (2/10), which may be a deterrent for families with young children and affect future resale value.
Major Price Improvement! Beautifully updated 2-bedroom, 2.5-bath home nestled in a lovely garden-style community in one of San Mateos most convenient and desirable neighborhoods. Offering 1,223 sq ft of bright and elegant living space, this residence blends comfort, style, and easy living. The spacious living room features vaulted ceilings and a cozy wood-burning fireplace, while the updated kitchen showcases granite countertops, sleek appliances, pantry, and ample cabinetry. All bathrooms have been tastefully remodeled with modern finishes, including a luxurious primary bath with a soaking tub. Additional highlights include a private backyard patio, balcony, one-car garage, and access to a beautifully maintained community pool. Ideally located near shopping, dining, parks, Caltrain, Highway 101, and Highway 92. Move-in-ready in a sought-after neighborhood!
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades 6-8 • 0.5 mi
Grades 9-12 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 3.0 | 1.0 |
| Square foot | 1,223 | 899 |
| Lot Size | 1,153 | 1,129 |
| Price | $1.10M | $774.2K |
| Price per sq ft | $899 | $752 |
| Built year | 1979 | 1984 |
| HOA | $825.0 | $628 |
| Days on market | 75 | 49 |
Jul 9, 2026
$1,100,000
$1,158,000
-5% Price Drop
Initial Listing
Jun 28, 2026
$1,158,000
$1,178,000
-2% Price Drop
Initial Listing
Jun 10, 2026
$1,178,000
$1,190,000
-1% Price Drop
Initial Listing
May 8, 2026
$1,190,000
Initial Listing
Aug 7, 2019
$1,080,000
Public Record
Feb 19, 2003
$435,000
Public Record
Jun 6, 2000
$441,000
Public Record