3 Bay, San Mateo, California 94401, San Mateo, 94401 - 3 bed, 3 bath
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3 Bay
San Mateo, California 94401
ACTIVE
CONDITION: GOOD
3Beds
3Baths
1,310Sq Ft
2,368Lot Size
Property Price
LIST PRICE$1,388,000
EST. MARKET VALUE
$1,446,687
4% BelowMARKET VALUE
SUMMARY
This Turnkey Single Family Residence represents a Strong Value Opportunity, listed at $1,450,000—positioned well below the $1,495,635 Fair Market Value by 3%. This valuation gap offers $45,635 in Instant Equity for the buyer. Featuring an Updated Kitchen, New Engineered Flooring, and Panoramic Bay Views, the property maintains a Condition Rating of 3. While the elementary school district requires consideration, the home’s proximity to the Bay Trail and move-in ready status make it an ideal acquisition for Owner-Occupants or professional couples seeking a refined coastal lifestyle.
Estimated Market Value
$1,446,687+$58,687 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 |
|---|---|---|---|---|---|---|
★ 3 Bay Subject 3 bd · 3 ba · 1,310 sqft · $1,104 | $1,388,000* List Price | 3 | 3 | 1,310 | $1,104 | - |
A 24 Creekside Lane Active Under Contract 3 bd · 4 ba · 1,650 sqft · $1,024 · 0.7 mi | $1,689,000 List Price | 3 | 4 | 1,650 | $1,024 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1997 (27 years old), the property has been significantly refreshed with recent updates including a kitchen featuring new engineered stone countertops and stainless steel appliances. The interior boasts new high-quality engineered flooring, new carpets, and fresh paint throughout. While the bathrooms appear well-maintained but slightly dated in style, the overall condition is move-in ready with upgraded LED lighting and dual-pane windows.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Views
Situated in an exclusive private enclave steps from the Bay Trail, the home offers serene views of the SF Bay and San Mateo Bridge from the primary suite.
- Modern Interior Upgrades
The property features significant recent improvements, including a remodeled kitchen with engineered stone countertops, new stainless steel appliances, and high-grade waterproof flooring throughout the lower level.
- Enhanced Outdoor Amenities
The private rear yard is optimized for entertaining with a pergola-shaded patio and a built-in natural gas BBQ and sink, providing a functional extension of the living space.
CONSRISKS & DEFICIENCIES
- Compact Living & Lot Size
With 1,310 square feet of living space and a small 2,368 square foot lot, the property may feel constrained for buyers seeking a larger traditional yard or more spacious interiors.
- Elementary School Rating
The assigned elementary school carries a low rating of 2/10, which could impact appeal for families prioritizing high-performing public education and affect long-term resale value.
About 3 Bay
A Great Value! Why buy a Condo when you can own a detached Single Family Home?! A Rare Opportunity to own A New England Style Bungalow in an Exclusive Private Enclave of just 10 Homes built in 1997! Located on a Peaceful Private Street steps from the Bay Trail, this 3-BR, 2.5-Bath Gem features an Updated Kitchen w/Coastar Engineered Stone Countertops, New SS Appliances, Sink, Faucet, GD. LRG Combo LR/DR, WBF w/Gas Starter, New Interior Paint Throughout, complimented by New High Quality Engineered Flooring w/ Commercial Grade AC4 Waterproof Rating w/ Advanced Scratch Protection on Entire Lower Level, Stairway and Upper Hall. New Carpet and Pad in Bedrooms. A Luxurious Primary Ste. welcomes the Morning Sun with Views of the SF Bay and SM Bridge, boasting a High Sloped Ceiling, Mirrored Closet Doors, and Double Sinks, Walk-In Shwr. The 3rd Bedroom serves perfectly as an Office w/ Built-In Cabinets and Shelving. Recessed LED Lighting and Upgraded Lighting Fixtures Throughout. Additional features include an Interior Lndry RM and a LRG 2-car Garage with Built-In Storage, Addtl Attic Space, and an 84-Bottle Wine Rack. Enjoy the Afternoon Sun in your Private Rear Yard featuring a Pergola Shaded Patio, and Built-In Natural Gas BBQ and Sink. Dual-Pane windows, fire sprinklers throughout.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1997
- Lot Size
- 2,368 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $350.0 / Month
Neighborhood Insights
San Mateo Unified Schools
Horrall Elementary School
Grades K-5 • 0.8 mi
2/10
Parkside Elementary School
Grades K-5 • 1.5 mi
4/10
Bayside S.T.E.M. Academy
Grades 6-8 • 1.3 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.1 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,310 | 1,743.298 |
| Lot Size | 2,368 | 6,079.649 |
| Price | $1.39M | $2.26M |
| Price per sq ft | $1.1K | $1.4K |
| Built year | 1997 | 1952 |
| HOA | $350.0 | $387 |
| Days on market | 68 | 33 |
Pricing History
Listed for Sale
Oct 10, 2026
$1,388,000
$1,450,000
-4% Price Drop
Initial Listing
Price Change
Sep 9, 2026
$1,450,000
$1,500,000
-3% Price Drop
Initial Listing
Price Change
Aug 17, 2026
$1,500,000
Initial Listing
Sold
May 20, 1997
$299,000
Public Record