
San Mateo, California 94402
This Turnkey Mediterranean Condo is a Strong Value Opportunity, listed at $1,299,000—positioned well below the $1,326,989 Fair Market Value by 2%. This valuation gap offers $27,989 in Instant Equity for the buyer. Featuring an Excellent Condition Rating with a remodeled kitchen, modern A/C, and a private patio, this 1,700 sq ft residence offers a rare, house-like scale in the coveted Baywood district. It is an ideal sanctuary for Owner-Occupants or discerning professionals seeking a polished, move-in ready lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 28 W 4th Avenue 11 Subject | $1,260,000 | 2 | 2 | 1,700 | $781 | - |
A 225 Virginia Avenue Ph-d Sold | $1,147,500 | 2 | 2 | 1,486 | $772 | 0.2 mi |
B 50 Mounds Road 107 Sold | $1,250,000 | 2 | 2 | 2,076 | $602 | 0.5 mi |
C 10 Crystal Springs Road 2514 Sold | $965,000 | 2 | 2 | 1,190 | $811 | 0.2 mi |
D 10 Crystal Springs Road 2414 Sold | $933,000 | 2 | 2 | 1,238 | $754 | 0.2 mi |
E 20 W 3rd Avenue 202 Active | $1,680,000 List Price | 2 | 3 | 1,800 | $933 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1920, the property has undergone a high-quality renovation within the last 5 years. The description and images confirm remodeled bathrooms with modern fixtures, an updated kitchen, and the addition of modern systems like A/C and in-unit laundry. The interior is in mint condition with well-maintained hardwood floors and contemporary lighting.
Situated in the coveted Baywood neighborhood just one block from downtown San Mateo, the property offers unparalleled access to premier dining, shopping, Central Park, and Caltrain for easy commuting.
At 1,700 sq ft, this 1920s Mediterranean condo delivers rare house-like proportions featuring soaring ceilings, oversized windows, and architectural details that are difficult to replicate in modern builds.
The unit is uniquely equipped with modern essentials often missing in vintage buildings, including air conditioning, in-unit laundry, remodeled kitchen and baths, and a private one-car garage.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1613, other record lot size in square feet = 24000.
The association fee of $980 per month is significant and may impact the overall affordability and debt-to-income ratio for some buyers.
Built in 1920, the property may present long-term maintenance challenges or infrastructure limitations common to historic buildings despite the interior updates.
Rarely available and impossible to replicate this 1,700 sq ft 2BD/2BA delivers true house-like scale in a classic 1920s Mediterranean just one block from downtown San Mateo and within the coveted Baywood neighborhood and school district. Soaring ceilings, oversized windows, and hardwood floors create volume and light rarely found in condo living. A dramatic living room with fireplace flows into a flexible office spaceideal for working from home without giving up entertaining space. Updated kitchen and remodeled baths bring modern ease, while A/C, in-unit laundry, 2 walk-in closets, and an oversized storage area check the practical boxes most condos miss. Private 1-car garage included. Charming courtyard, fitness room with sauna, and unbeatable proximity to Central Park, dining, shopping, and Caltrain complete the package. Opportunities like this dont come up often, see it before its gone.
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 | 1,700 | 1,307.5 | 67% |
| Lot Size | 1,613 | 806.5 | 50% |
| Price | $1.26M | $1.06M | 67% |
| Price per sq ft | $741 | $763 | 42% |
| Built year | 1920 | 1991 | 17% |
| HOA | $980.0 | $1.2K | 50% |
| Days on market | 31 | 93 | 17% |
May 14, 2026
$1,299,000
Initial Listing
Aug 21, 2019
$1,325,000
Public Record
Apr 6, 2017
$1,180,000
Public Record
Feb 7, 2012
$733,000
Public Record
Oct 31, 2003
$13,000
Public Record
Nov 7, 2001
$600,000
Public Record