320 Peninsula Avenue 316, San Mateo, California 94401, San Mateo, 94401 - 2 bed, 2 bath
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San Mateo, California 94401
This Modern Turnkey Condominium is a Strong Value Opportunity, listed at $648,000—positioned well below the $688,000 Fair Market Value by 5%. This valuation gap offers $40,000 in Instant Equity for a property in Mint Condition. The interior features a Remodeled Kitchen with stone countertops and a Primary Suite with a walk-in closet. Located within the top-rated San Mateo High School district and featuring a Private Balcony, this home balances lifestyle luxury with financial growth. It is an ideal acquisition for Urban Professionals or First-Time Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 320 Peninsula Avenue 316 Subject | $648,000* List Price | 2 | 2 | 930 | $740 | - |
A 633 Highland Avenue 1 Sold | $805,000 | 2 | 1 | 967 | $832 | 0.3 mi |
B 617 Woodside Way C Sold | $715,000 | 2 | 2 | 883 | $810 | 0.3 mi |
C 316 N El Camino Real 105 Sold | $745,000 | 2 | 2 | 990 | $753 | 0.6 mi |
D 815 N Humboldt Street 508 Sold | $680,000 | 2 | 1 | 903 | $753 | 0.5 mi |
E 200 Elm Street 107 Sold | $548,888 | 1 | 1 | 865 | $635 | 0.7 mi |
F 340 Grand Boulevard 12 Active | $699,988 List Price | 2 | 2 | 1,000 | $700 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While the building was constructed in 1987, the unit has undergone a comprehensive recent renovation (likely <5 years). The kitchen is fully remodeled with new cabinetry, stone countertops, and stainless steel appliances. Bathrooms feature new vanities and modern fixtures. The interior is in mint, move-in-ready condition with updated flooring and lighting throughout.
Ideally situated on the border of San Mateo and Burlingame, this property offers exceptional walkability to Downtown Burlingame, Caltrain, and a variety of premium dining and shopping options.
The condo features a fully remodeled kitchen with new cabinetry and stainless steel appliances, along with updated bathrooms and contemporary lighting, providing a move-in-ready experience.
Currently listed at $648,000, the property is priced significantly below its 2016 sale price of $700,000, representing a rare opportunity for equity growth in a high-demand Peninsula market.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =970, other record lot size in square feet = 50207.
The $681 monthly association fee is relatively high for a unit of this size, which may impact the overall affordability and debt-to-income ratio for potential buyers.
The reliance on a communal laundry facility rather than having private in-unit hookups is a notable convenience drawback for modern condominium living.
Welcome to 320 Peninsula Avenue #316, an updated 2-bedroom, 2-bath condo in a prime San Mateo location, ideally situated between San Mateo and Burlingame. Set within a quiet, well-maintained community, this home offers comfort, convenience, and walkability. The bright, open living area is filled with natural light from large windows and flows seamlessly into the dining space with a new light fixtureideal for everyday living and entertaining. The remodeled kitchen features new countertops, updated cabinetry, stainless steel appliances, modern lighting, and generous counter and storage space. A private balcony provides a peaceful outdoor extension of the living area. Both bedrooms are spacious with excellent natural light. The primary suite includes a walk-in closet and ensuite bathroom. The second bathroom, accessible from the hallway and second bedroom, offers flexibility similar to a second ensuite. Both bathrooms feature new vanities and light fixtures. Additional highlights include one assigned parking space in an attached garage and access to community amenities such as a gym, community center, laundry facility, and tranquil pond. Conveniently located near Downtown Burlingame, Burlingame Caltrain, shopping, dining, and major commuter routes.
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 | 930 | 1,077.5 | 36% |
| Lot Size | 970 | - | 81% |
| Price | $648.0K | $587.5K | 60% |
| Price per sq ft | $697 | $627 | 55% |
| Built year | 1987 | 1984 | 52% |
| HOA | $681.0 | $799 | 38% |
| Days on market | 55 | 190 | 10% |
Apr 16, 2026
$648,000
$668,000
-3% Price Drop
Initial Listing
Mar 12, 2026
$668,000
$688,000
-3% Price Drop
Initial Listing
Feb 26, 2026
$688,000
Initial Listing
Apr 11, 2016
$700,000
Public Record
Oct 11, 2005
$478,000
Public Record
Sep 30, 2003
$353,000
Public Record