290 Waters Park Circle, San Mateo, California 94403, San Mateo, 94403 - 2 bed, 3 bath
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290 Waters Park Circle
San Mateo, California 94403
ACTIVE UNDER CONTRACT
CONDITION: EXCELLENT
2Beds
3Baths
1,386Sq Ft
0Lot Size
Property Price
LIST PRICE$1,090,000
EST. MARKET VALUE
$1,130,942
3% BelowMARKET VALUE
SUMMARY
This Prime Investment Opportunity is a modern 2-story condominium listed at $998,000—positioned well below the $1,028,718 Fair Market Value by 3%. This valuation gap offers $30,718 in Instant Equity. Featuring a 2022 build date and Mint Condition Rating, the home includes a paid-off solar system, EV-ready garage, and an oversized private patio. While the pre-foreclosure status requires a complex closing, the modern finishes and energy efficiency make this an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term value.
Estimated Market Value
$1,130,942+$40,942 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 290 Waters Park Circle Subject 2 bd · 3 ba · 1,386 sqft · $816 | $1,090,000* List Price | 2 | 3 | 1,386 | $816 | - |
A 220 Waters Park Circle 101 Active 3 bd · 2 ba · 1,500 sqft · $766 · 0.1 mi | $1,149,000 List Price | 3 | 2 | 1,500 | $766 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Built in 2022, this property is less than 10 years old and in mint condition. It features a modern open-concept chef's kitchen with premium finishes, stainless steel appliances, pristine contemporary bathrooms, and updated flooring throughout with absolutely no maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Energy Efficiency
Built in 2022, this home includes a fully paid-off solar system and a pre-wired electric vehicle charger, providing significant utility savings and modern convenience.
- Premium Entertaining Layout
The open-concept design features an upgraded chef's kitchen with an expansive island that flows into an oversized private patio and a dedicated covered BBQ area.
- Significant Value Opportunity
Listed at $998,000—well below its 2022 sale price of $1.273M—this property offers substantial equity potential for a buyer willing to navigate the short sale process.
CONSRISKS & DEFICIENCIES
- Complex Transaction Process
As a pre-foreclosure requiring lender approval, the sale involves a more complex and potentially lengthy closing timeline compared to a traditional residential transaction.
- Incomplete Finishes
The listing notes that premium finishes are currently being finalized, which may indicate the property is not yet in a fully turnkey condition for immediate move-in.
About 290 Waters Park Circle
Pre-foreclosure, lender approval required. Finance accepted. Meets effortless Bay Area living in this stunning 2-story home. Offer paid off solar system, own covered BBQ area. Spanning 1,386 square feet, the open-concept layout is anchored by an upgraded chefs kitchen with an expansive center islandperfect for quick weekday breakfasts or lively weekend hosting. The dedicated dining area easily accommodates larger, formal dinners, while the bright living room opens directly to an oversized private patio for seamless indoor-outdoor entertaining. Upstairs, retreat to a spacious owners suite featuring its own private balcony and a large walk-in closet. The second bedroom also boasts a private walk-in closet, making it ideal for guests, roommates, or a dedicated home office. Complete with premium modern finishes currently being finalized. Pre-wired electirc car charger in the garage. Easy freeway entrance.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2022
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $389.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 1.9 |
| Baths | 3.0 | 1.4 |
| Square foot | 1,386 | 1,012.867 |
| Lot Size | - | 11,315.511 |
| Price | $1.09M | $745.6K |
| Price per sq ft | $786 | $786 |
| Built year | 2022 | 1981 |
| HOA | $389.0 | $818 |
| Days on market | 37 | 65 |
Pricing History
Listed for Sale
Sep 29, 2026
$1,090,000
$998,000
+9% Price Increase
Initial Listing
Price Change
Sep 17, 2026
$998,000
Initial Listing
Sold
Jun 28, 2022
$1,273,000
Public Record