320 Peninsula Avenue 215, San Mateo, California 94401, San Mateo, 94401 - 2 bed, 2 bath
Loading property details...
San Mateo, California 94401
This Transit-Oriented Peninsula Condominium represents a strategic entry into a high-demand market, listed at $640,000—positioned well below the $646,942 Fair Market Value by 1%. This valuation offers $6,942 in Instant Equity. Boasting a Condition Rating of 4, the interior features a primary suite with a private balcony and updated double-pane windows. Located just three blocks from downtown Burlingame and Caltrain, and near San Mateo High School, the property ensures long-term desirability. It is an ideal acquisition for Urban Professionals or First-Time Buyers seeking lifestyle convenience.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 320 Peninsula Avenue 215 Subject | $618,000* List Price | 2 | 2 | 912 | $701 | - |
A 320 Peninsula Ave 107 Sold | $590,000 | 2 | 2 | 930 | $634 | 0.0 mi |
B 617 Woodside Way C Sold | $715,000 | 2 | 2 | 883 | $810 | 0.2 mi |
C 803 N Humboldt Street 210 Sold | $688,000 | 2 | 1 | 983 | $700 | 0.4 mi |
D 316 N El Camino Real 105 Sold | $745,000 | 2 | 2 | 990 | $753 | 0.6 mi |
E 815 N Humboldt Street 508 Sold | $680,000 | 2 | 1 | 903 | $753 | 0.5 mi |
F 340 Grand Boulevard 12 Active Under Contract | $699,988 List Price | 2 | 2 | 1,000 | $700 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1987 (37 years old), placing it in the dated category. While it features updated double-pane windows and appears well-maintained and move-in ready, the absence of recent kitchen or bathroom renovation details suggests the interior systems and finishes are likely original or aged beyond 20 years.
The property is exceptionally located just three blocks from downtown Burlingame and the Caltrain station, offering superb walkability and easy access for commuters.
Listed at $640,000, the property is priced below its 2021 sale price of $680,000, presenting a strong value opportunity in a high-demand Peninsula market.
The primary suite is well-designed with a walk-in closet, en-suite bathroom, and a private balcony, providing a level of privacy and utility often missing in smaller condos.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =912, other record lot size in square feet = 50207.
The $677 monthly association fee is significant for the unit size, especially as the description indicates on-site laundry facilities rather than in-unit hookups.
The unit only includes one assigned parking space, which may be a challenge for two-bedroom households with multiple vehicles in a dense urban area.
This bright, spacious two-bedroom, two-bathroom condominium is ideally located in San Mateo, moments from Burlingame. The open-concept living and dining area is filled with natural light and enhanced by updated double-pane windows. The kitchen offers ample counter space and generous storage, while both bedrooms are thoughtfully sized. The primary suite features a walk-in closet, en-suite bath, and private balcony. Additional highlights include one assigned parking space in the secure attached garage, a fitness center, community room, on-site laundry, Amazon locker, and a peaceful pond in the front courtyard. Peninsula Plaza is home to a community of long-time residents. The seller has reduced the price to offset the $17,440 special assessment for balcony upgrades due at closing, creating an excellent opportunity for buyers to gain immediate value. The property is located just three blocks from downtown Burlingame and the Caltrain station, four blocks from Washington Park, five miles from SFO, and less than a mile from downtown San Mateo. This building is FHA approved.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 1.7 mi
Grades K-5 • 2.0 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 | 912 | 975 | 44% |
| Lot Size | 912 | 535 | 69% |
| Price | $618.0K | $677.5K | 47% |
| Price per sq ft | $678 | $736 | 33% |
| Built year | 1987 | 1982 | 72% |
| HOA | $677.0 | $664 | 50% |
| Days on market | 46 | 125 | 6% |
May 28, 2026
$618,000
$640,000
-3% Price Drop
Initial Listing
May 1, 2026
$640,000
Initial Listing
Feb 16, 2021
$680,000
Public Record
May 9, 2013
$312,000
Public Record
Aug 27, 2004
$415,000
Public Record
Mar 7, 2002
$319,000
Public Record