240 N Bayshore Boulevard 307, San Mateo, California 94401, San Mateo, 94401 - 2 bed, 2 bath
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240 N Bayshore Boulevard 307
San Mateo, California 94401
ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,020Sq Ft
0Lot Size
Property Price
LIST PRICE$725,000
EST. MARKET VALUE
$722,957
SUMMARY
This 2-bedroom condominium represents a Strong Value Opportunity, listed at $725,000—positioned well below the $722,958 Fair Market Value by a negligible margin, reflecting a stable, market-aligned price. With a Fair Condition Rating (1982 build), the unit features an in-unit washer/dryer and private storage. While the $700 HOA fee and lower-rated elementary school are considerations, the proximity to Caltrain and SFO provides significant commuter appeal. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a strategic, move-in ready San Mateo location.
Estimated Market Value
$722,957
Based on Realkey algorithm analyzing recent comparable sales in San Mateo.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 240 N Bayshore Boulevard 307 Subject 2 bd · 2 ba · 1,020 sqft · $709 | $725,000* List Price | 2 | 2 | 1,020 | $709 | - |
A 605 Highland Avenue 7 Sold 2 bd · 2 ba · 1,077 sqft · $789 · 1.0 mi | $850,000 | 2 | 2 | 1,077 | $789 | 1.0 mi |
B 340 Grand Boulevard 12 Sold 2 bd · 2 ba · 1,000 sqft · $675 · 0.7 mi | $675,000 | 2 | 2 | 1,000 | $675 | 0.7 mi |
C 803 N Humboldt Street 210 Sold 2 bd · 1 ba · 983 sqft · $700 · 0.6 mi | $688,000 | 2 | 1 | 983 | $700 | 0.6 mi |
D 316 N El Camino Real 105 Sold 2 bd · 2 ba · 990 sqft · $753 · 0.9 mi | $745,000 | 2 | 2 | 990 | $753 | 0.9 mi |
E 833 N Humboldt Street 208 Sold 1 bd · 1 ba · 693 sqft · $750 · 0.6 mi | $520,000 | 1 | 1 | 693 | $750 | 0.6 mi |
F 617 Woodside Way C Sold 2 bd · 2 ba · 883 sqft · $810 · 0.7 mi | $715,000 | 2 | 2 | 883 | $810 | 0.7 mi |
G 803 N Humboldt Street 405 Sold 1 bd · 1 ba · 772 sqft · $719 · 0.5 mi | $555,000 | 1 | 1 | 772 | $719 | 0.5 mi |
H 815 N Humboldt Street 508 Sold 2 bd · 1 ba · 903 sqft · $753 · 0.6 mi | $680,000 | 2 | 1 | 903 | $753 | 0.6 mi |
I 1 Baldwin Avenue 609 Active 2 bd · 2 ba · 1,200 sqft · $624 · 0.9 mi | $749,000 List Price | 2 | 2 | 1,200 | $624 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1982 (42 years old), this property falls into the Fair category due to its age and dated features. While the listing mentions 'move-in ready' and shows updated laminate flooring and recessed lighting, the presence of popcorn ceilings and baseboard heating indicates older systems. The use of a portable AC unit suggests a lack of modern central HVAC.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Market Value
Priced aggressively as a 'bargain' for the San Mateo area, this move-in ready 2-bedroom condo offers a highly competitive entry point for first-time buyers and investors.
- Strategic Commuter Location
The property boasts excellent proximity to major freeways, Caltrain, SFO, and downtown Burlingame, making it an ideal hub for Bay Area professionals.
- Desirable In-Unit Features
Unlike many older complexes, this unit includes a private washer/dryer and a dedicated storage room, significantly enhancing daily convenience and functionality.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The $700 monthly HOA fee is relatively steep and may impact the overall affordability and debt-to-income ratio for budget-conscious buyers.
- Low Elementary School Rating
The assigned elementary school has a low rating of 2/10, which may be a significant drawback for families prioritizing high-performing primary education.
About 240 N Bayshore Boulevard 307
Absolute Bargain! Unbelievable Price! This condo is priced very low for a pre-approved buyer who wants a great deal on a super home in a great area. This move-in ready condo features an in-unit washer/dryer and private storage room. HOA covers water/sewer and garbage,etc. Enjoy community amenities including an outdoor hot tub, clubhouse, courtyard, and gym. Close to freeways, Caltrain, SFO, and downtown Burlingame.You definitely don't want to miss this golden, move in ready, rare opportunity for a fantastic home in a wonderful location of San Mateo!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1982
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $700.0 / Month
Neighborhood Insights
San Mateo Unified Schools
Horrall Elementary School
Grades K-5 • 1.2 mi
2/10
Bayside S.T.E.M. Academy
Grades 6-8 • 1.6 mi
7/10
San Mateo High School
Grades 9-12 • 0.6 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 1.9 |
| Baths | 2.0 | 1.4 |
| Square foot | 1,020 | 1,012.867 |
| Lot Size | - | 11,315.511 |
| Price | $725.0K | $745.6K |
| Price per sq ft | $711 | $786 |
| Built year | 1982 | 1981 |
| HOA | $700.0 | $818 |
| Days on market | 40 | 65 |
Pricing History
Listed for Sale
Sep 14, 2026
$725,000
Initial Listing
Sold
Aug 31, 2004
$375,000
Public Record
Sold
Jan 15, 2002
$269,000
Public Record
Sold
Jun 18, 1999
$205,000
Public Record
Sold
Nov 14, 1997
$147,000
Public Record