240 N Bayshore Blvd 303, San Mateo, California 94401, San Mateo, 94401 - 1 bed, 1 bath
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San Mateo, California 94401
This Value-Add Condominium in the Villa Nova community is listed at $450,000, representing a stable acquisition price compared to its $396,731 Fair Market Value. Currently assigned a Condition Rating of 5, the interior requires an extensive remodel to address dated finishes and maximize its market potential. The asset includes a deeded parking space, private storage, and access to community amenities including a gym and spa. Positioned near San Mateo High School and major transit corridors, this property is a prime candidate for Fix-and-Flip Investors or Contractors seeking a high-upside renovation project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 240 N Bayshore Blvd 303 Subject | $450,000* List Price | 1 | 1 | 725 | $547 | - |
A 177 N El Camino Real 2 Sold | $420,000 | 1 | 1 | 710 | $592 | 1.0 mi |
B 819 N Humboldt Street 407 Active | $540,000 List Price | 1 | 1 | 693 | $779 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1982, this property is explicitly described as needing an 'extensive remodel.' The images confirm this, showcasing a severely dated kitchen with original-era cabinets, laminate countertops, and very old appliances (stove, microwave, dishwasher). The bathroom is equally outdated with a basic tub/shower combo and worn flooring. Throughout the unit, there is old, worn carpet and dated light fixtures. While the structure appears sound, the interior condition requires substantial rehabilitation to meet modern living standards, making it uncomfortable in its current state.
Excellent access to major highways (101 & 92), San Francisco International Airport, and minutes from vibrant downtown San Mateo, enhancing convenience and commute.
The Villa Nova community offers a gym, spa, social room, BBQ area, and a peaceful courtyard, providing a resort-like living experience for residents.
Includes one deeded parking space and a private storage room, both conveniently accessible by elevator, adding significant practical value and convenience.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =43560, other record lot size in square feet = 63584.
The unit explicitly 'needs a remodel to make it shine again,' indicating a substantial additional investment and effort required from the buyer.
A monthly association fee of $595 is considerable and will significantly impact the overall affordability and ongoing carrying costs for the owner.
Great value in the desirable Villa Nova community! This spacious 1 bed, 1 bath condo on the third floor offers excellent potential—just needs a remodel to make it shine again. The unit includes one deeded parking space and a private storage room, both conveniently accessible by elevator. Residents enjoy a range of amenities including a gym, spa, social room, BBQ area, and a peaceful courtyard for relaxation and entertainment. Ideally located with easy access to Highways 101 and 92, San Francisco International Airport, Poplar Creek Golf Course, Coyote Point Recreation Area, Seal Point Park, and Mariners Point Golf Center. Just minutes from vibrant downtown San Mateo, offering a variety of shops and restaurants. A great environment and welcoming neighborhood make this a fantastic opportunity to own and live in Villa Nova
No exterior & parking available.
Grades K-5 • 1.1 mi
Grades 6-8 • 1.6 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 33% |
| Baths | 1.0 | 2.0 | 38% |
| Square foot | 725 | 1,077.5 | 14% |
| Lot Size | 43,560 | - | 95% |
| Price | $450.0K | $582.0K | 33% |
| Price per sq ft | $621 | $620 | 50% |
| Built year | 1982 | 1983 | 48% |
| HOA | $595.0 | $799 | 17% |
| Days on market | 123 | 190 | 33% |
Mar 2, 2026
$450,000
$499,000
-10% Price Drop
Initial Listing
Dec 20, 2025
$499,000
Initial Listing
Aug 4, 1999
$163,000
Public Record