401 S Norfolk Street 123, San Mateo, California 94401, San Mateo, 94401 - 1 bed, 1 bath

401 S Norfolk Street 123
San Mateo, California 94401
Property Price
SUMMARY
Analysis of 401 S Norfolk Street 123, San Mateo, California 94401 is currently available with a list price of $579,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the San Mateo Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 2002, this condo is well-maintained and move-in ready. The interior features updated wood-look laminate flooring and neutral paint throughout. The kitchen boasts stainless steel appliances and granite countertops, which, while not the newest trend, are clean and functional. The bathroom has a more modern vanity, vessel sink, and light fixture. Overall, the property shows minimal wear and tear and does not require immediate renovations, aligning with the 'Good' condition criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Commutability
Strategically positioned between San Francisco and Silicon Valley, offering easy access to Hwys 101 and 92, public transit, shopping, and dining in downtown San Mateo. Ideal for commuters and those seeking urban conveniences.
- Private Outdoor Spaces
Features both a private rear patio for grilling/coffee and a large, gated front courtyard, providing valuable outdoor relaxation and entertaining areas, which is a significant advantage for a condo.
- End-Unit Advantages & Bright Interior
As an end-unit, it benefits from abundant natural light and a spacious feel, enhanced by vaulted ceilings and an open-concept living/dining area perfect for entertaining.
CONSRISKS & DEFICIENCIES
- High Association Fee
The monthly association fee of $675 is substantial and will add significantly to the overall cost of homeownership, potentially impacting affordability for some buyers.
- Lower-Rated Elementary Schools
The nearby elementary schools (Horrall and Parkside) have ratings of 2 and 4 respectively, which could be a concern for families with young children or those prioritizing school districts.
- Price Reduction History
The property has undergone multiple price reductions from its original list price of $649,000 to $579,000, which may indicate initial overpricing or market resistance, potentially raising questions for prospective buyers.
About 401 S Norfolk Street 123
This charming end-unit condo offers a bright, spacious layout with vaulted ceilings and an abundance of natural light throughout. The open-concept living and dining area is perfect for entertaining, while the kitchen features generous cabinet space and a breakfast bar that comfortably seats four. The spacious bedroom includes ample closet space, and the oversized bathroom features a full tub for your comfort. Enjoy the convenience of in-unit laundry, a private rear patio ideal for morning coffee or evening grilling, and direct street access from your own entrance. Additional highlights include secure garage parking and a large, gated front courtyard that offers a peaceful place to relax. Located within walking distance of shopping, restaurants, and public transit, this home also offers easy access to Hwy 101 and 92 making commuting a breeze. Outdoor enthusiasts will love being just minutes from Bay Trail, Ryder Park, and Mariners Island. Best of all, you're ideally positioned between San Francisco and Silicon Valley, with downtown San Mateo's vibrant dining and amenities right nearby. Don't miss this opportunity to own a beautifully maintained home in an unbeatable location!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2002
- Lot Size
- -
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $675.0 / Month
Neighborhood Insights
San Mateo Unified Schools
Horrall Elementary School
Grades K-5 • 0.5 mi
Parkside Elementary School
Grades K-5 • 1.0 mi
Bayside S.T.E.M. Academy
Grades 6-8 • 0.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 41% |
| Baths | 1.0 | 2.0 | 43% |
| Square foot | 734 | 1,047.5 | 20% |
| Lot Size | - | - | 50% |
| Price | $579.0K | $526.5K | 54% |
| Price per sq ft | $789 | $600 | 80% |
| Built year | 2002 | 1988 | 91% |
| HOA | $675.0 | $909 | 28% |
| Days on market | 240 | 220 | 63% |
Pricing History
Listed for Sale
Oct 18, 2025
$579,000
$599,000
-3% Price Drop
Initial Listing
Price Change
Sep 5, 2025
$599,000
Initial Listing
Price Change
Jul 10, 2025
$649,000
Initial Listing


































