324 Catalpa St 120, San Mateo, California 94401, San Mateo, 94401 - 1 bed, 1 bath
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324 Catalpa St 120
San Mateo, California 94401
ACTIVE
CONDITION: GOOD
1Beds
1Baths
640Sq Ft
27,645Lot Size
Property Price
LIST PRICE$418,000
EST. MARKET VALUE
$439,000
4% BelowMARKET VALUE
SUMMARY
This Move-in Ready Condominium is a Strong Value Opportunity, listed at $439,000—positioned well below the $452,649 Fair Market Value by 3%. This valuation gap offers $13,649 in Instant Equity for the buyer. Featuring a Granite Kitchen, updated appliances, and a Condition Rating of 3, the unit provides a functional, low-maintenance lifestyle near downtown San Mateo. With proximity to San Mateo High School, this property is an ideal acquisition for first-time buyers or Owner-Occupants seeking a convenient, well-located urban residence.
Estimated Market Value
$439,000+$21,000 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 |
|---|---|---|---|---|---|---|
★ 324 Catalpa St 120 Subject | $418,000* List Price | 1 | 1 | 640 | $686 | - |
A 249 Elm Street 107 Sold | $475,000 | 1 | 1 | 740 | $642 | 0.3 mi |
B 324 Catalpa Street 206 Sold | $325,000 | 0 | 1 | 390 | $833 | 0.0 mi |
C 711 S Bayshore Boulevard 29 Sold | $450,000 | 1 | 1 | 659 | $683 | 0.9 mi |
D 711 S Bayshore Boulevard 6 Sold | $490,000 | 1 | 1 | 610 | $803 | 0.9 mi |
E 800 N Delaware Street 310 Sold | $522,000 | 1 | 1 | 693 | $753 | 0.8 mi |
F 820 N Delaware St 215 Sold | $500,000 | 1 | 1 | 772 | $648 | 0.8 mi |
G 211 S Fremont Street 314 Sold | $489,000 | 1 | 1 | 794 | $616 | 0.4 mi |
H 833 N Humboldt Street 208 Sold | $520,000 | 1 | 1 | 693 | $750 | 0.9 mi |
I 320 Peninsula Avenue 412 Pending | $519,950 List Price | 1 | 1 | 667 | $780 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While the building was constructed in 1983, the unit is well-maintained and move-in ready. The kitchen and bathroom feature granite countertops and updated stainless steel appliances, including a new refrigerator and dishwasher, suggesting a renovation within the last 5-15 years. The interior is clean and functional with no visible maintenance issues.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Downtown Location
Situated at the end of B Street, this unit offers exceptional walkability to San Mateo's vibrant downtown amenities, including diverse dining, shopping, and cinema options.
- Updated Interior Features
The unit boasts modern granite countertops, a new refrigerator and dishwasher, and a rare, spacious internal storage room that adds significant functional value.
- Desirable Unit Positioning
As a ground-floor end unit located further from the rail tracks, the property provides easier access and increased privacy compared to interior or track-adjacent units.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 2.
- Shared Laundry Facilities
The reliance on coin-operated communal laundry rather than in-unit hookups may be a convenience drawback for modern buyers.
- Proximity to Rail Line
While positioned further away than other units, the building's general proximity to the train tracks may still result in occasional noise or vibrations.
About 324 Catalpa St 120
Within desirable 55+ community, beautifully detailed ground floor end unit with 1 bedroom & 1 full bath. 640 sq.ft. Secure building with entrances from Catalpa St & Tilton. The building also has video surveillance. Convenient, spacious storage room inside the unit. Granite kitchen counter, new refrigerator & dishwasher. Bathroom is en-suite & accessible from living area. This unit located further away from the rail track. Conveniently located at the end of B Street offering easy access to downtown amenities including shops, restaurants, cinema and stores. There are two community lounge areas, community kitchen and large community patio. Coin operated laundry
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1983
- Lot Size
- 27,645 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $439.0 / Month
Neighborhood Insights
San Mateo Unified Schools
San Mateo Park Elementary School
Grades K-5 • 0.9 mi
4/10
Borel Middle School
Grades 6-8 • 1.3 mi
6/10
San Mateo High School
Grades 9-12 • 0.6 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 1.8 |
| Baths | 1.0 | 1.5 |
| Square foot | 640 | 1,024.447 |
| Lot Size | 27,645 | 13,097.842 |
| Price | $418.0K | $732.3K |
| Price per sq ft | $653 | $763 |
| Built year | 1983 | 1981 |
| HOA | $439.0 | $852 |
| Days on market | 43 | 63 |
Pricing History
Listed for Sale
Sep 4, 2026
$418,000
$439,000
-5% Price Drop
Initial Listing
Price Change
Jul 28, 2026
$439,000
Initial Listing
Sold
Nov 3, 2017
$365,000
Public Record
Sold
Feb 29, 2008
$335,000
Public Record