316 N El Camino Real 217, San Mateo, California 94401, San Mateo, 94401 - 2 bed, 2 bath
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San Mateo, California 94401
This Investor-Ready Condominium is listed at $785,000, representing a market-aligned entry point near its $720,318 Fair Market Value. The property’s standout feature is the HOA No Rental Waitlist, providing immediate flexibility for rental income in a high-demand Peninsula market. With a Condition Rating of 4, the home is well-maintained and features a Master Suite, Breakfast Bar, and a Private Deck with views of the Community Pool. Located near San Mateo High School and Borel Middle, this property offers long-term asset stability. It is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 316 N El Camino Real 217 Subject | $785,000* List Price | 2 | 2 | 990 | $728 | - |
A 316 N El Camino Real 105 Sold | $745,000 | 2 | 2 | 990 | $753 | - |
B 617 Woodside Way C Sold | $715,000 | 2 | 2 | 883 | $810 | 0.4 mi |
C 425 N El Camino Real 203 Sold | $800,000 | 2 | 2 | 1,324 | $604 | 0.1 mi |
D 316 N El Camino Real 306 Sold | $695,000 | 2 | 2 | 990 | $702 | - |
E 320 Peninsula Ave 107 Sold | $590,000 | 2 | 2 | 930 | $634 | 0.6 mi |
F 340 Grand Boulevard 12 Active | $768,888 List Price | 2 | 2 | 1,000 | $769 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1974, the property is well-maintained and move-in ready but shows its age through dated features. While the common areas and lobby appear updated, the unit itself retains older elements such as standard square bathroom tiling, older-style built-in cabinetry, and basic light fixtures. It meets the 'fair' criteria as an aged home maintained through regular upkeep without a recent comprehensive renovation.
Ideally situated near downtown San Mateo, major freeways, and shopping centers, providing residents with exceptional convenience and high walkability.
The HOA has no rental waitlist, making this property a highly attractive option for investors looking for immediate rental income potential.
The complex offers a robust suite of features including a community pool, outdoor BBQ area, secure camera-monitored entry, and elevator access.
Built in 1974, the property may lack the modern energy efficiency and contemporary soundproofing standards found in newer condominium developments.
The $546 monthly HOA fee adds a significant fixed expense to the property's ownership costs, which may impact the budget for some first-time buyers.
Cozy 2 bedrroom.2 full bathroom condo located in 2nd floor, a view to community pool. stylish living room and dining area. one master suite bedroom. breakfast bar, one assigned parking space. recreation, outdoor BBQ area, elevator access, HOA offers secure enter with cameras. condo close to downtown San Mateo, freeway, school, shopping. The HOA has no rental waitlist
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 1.5 mi
Grades 9-12 • 0.5 mi
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 | 990 | 1,077.5 | 48% |
| Lot Size | - | - | 50% |
| Price | $785.0K | $587.5K | 74% |
| Price per sq ft | $793 | $627 | 76% |
| Built year | 1974 | 1983 | 38% |
| HOA | $546.0 | $799 | 12% |
| Days on market | 41 | 190 | 5% |
Mar 12, 2026
$785,000
Initial Listing
May 17, 2016
$500,000
Public Record
Mar 4, 2016
$71,000
Public Record
Nov 7, 2011
$270,000
Public Record
Mar 20, 2009
$370,000
Public Record