425 Anchor Road 104, San Mateo, California 94404, San Mateo, 94404 - 2 bed, 1 bath
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425 Anchor Road 104
San Mateo, California 94404
ACTIVE
CONDITION: FAIR
2Beds
1Baths
950Sq Ft
0Lot Size
Property Price
LIST PRICE$748,000
EST. MARKET VALUE
$710,259
5% AboveMARKET VALUE
SUMMARY
This 2-bedroom condominium presents a Strong Value Opportunity, listed at $748,000—positioned well below the $710,259 Fair Market Value by 5%. While the property maintains a Condition Rating of 4, its functional layout, in-unit laundry, and private balcony offer a solid foundation for cosmetic updates. Residents enjoy resort-style amenities including a pool, private beach, and kayaking. Despite the high HOA, this is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a lifestyle-focused property with significant recreational access.
Estimated Market Value
$710,259
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 |
|---|---|---|---|---|---|---|
★ 425 Anchor Road 104 Subject 2 bd · 1 ba · 950 sqft · $748 | $748,000* List Price | 2 | 1 | 950 | $748 | - |
A 425 Anchor Road 209 Sold 2 bd · 1 ba · 950 sqft · $787 · 0.0 mi | $748,000 | 2 | 1 | 950 | $787 | 0.0 mi |
B 1644 Vista Del Sol Sold 1 bd · 1 ba · 765 sqft · $804 · 1.0 mi | $615,000 | 1 | 1 | 765 | $804 | 1.0 mi |
C 1664 Vista Del Sol Active 2 bd · 2 ba · 1,070 sqft · $811 · 1.0 mi | $868,000 List Price | 2 | 2 | 1,070 | $811 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1980, this 44-year-old condo is functional but dated. While it features some modern touches like LVP flooring and a stainless steel dishwasher, the kitchen retains older tile countertops and cabinetry. The fireplace surround and overall aesthetic indicate the property has not undergone a comprehensive renovation in over 20 years, making it a candidate for cosmetic updates.
PROSSTRENGTHS & OPPORTUNITIES
- Resort-Style Community Amenities
The property offers an exceptional array of amenities including a private beach, kayaking, pool, sauna, and volleyball courts, providing a unique recreational lifestyle rarely found in this price range.
- Prime Peninsula Location
Ideally situated steps from the scenic Bay Trail and close to major commuter routes, this home offers convenient access to outdoor recreation, parks, and the vibrant dining scene of Downtown San Mateo.
- Functional Ground-Floor Layout
The unit features a highly accessible ground-floor entry, a dedicated office space for remote work, and the convenience of in-unit laundry, maximizing the utility of the 950-square-foot floor plan.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The association fee of $779 per month is a significant recurring expense that may impact overall affordability and deter budget-conscious buyers.
- Underperforming Elementary School
The assigned elementary school has a low rating of 2/10, which could be a major concern for families with young children and potentially affect future resale value.
About 425 Anchor Road 104
Discover the best of Mariners Island in this inviting ground-floor 2-bedroom, 1-bath condominium offering approximately 950 square feet of living space. Inside, the spacious bedrooms complement an open living and dining area with a cozy gas fireplace and dedicated office space. The well-equipped kitchen offers ample storage along with a range, refrigerator, microwave, and dishwasher. The bathroom features a dual-sink vanity and shower over tub, with a conveniently situated in-unit laundry. Secured garage parking and dedicated storage are included, along with a private balcony. Outside, enjoy exceptional community amenities including a pool, sauna, clubhouse, private beach, volleyball court, playground, and kayaking. Miles of scenic Bay Trail are just steps away, with Seal Point and Ryder Parks, Mariners Point Golf Center, Downtown San Mateo, shopping, dining, and major commuter routes nearby. A wonderful opportunity to enjoy an engaging Peninsula lifestyle with recreation, nature, and everyday conveniences right outside your door.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1980
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $779.0 / Month
Neighborhood Insights
San Mateo Unified Schools
Horrall Elementary School
Grades K-5 • 0.7 mi
2/10
Bayside S.T.E.M. Academy
Grades 6-8 • 0.3 mi
7/10
Aragon High School
Grades 9-12 • 2.4 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 1.9 |
| Baths | 1.0 | 1.4 |
| Square foot | 950 | 1,012.867 |
| Lot Size | - | 11,315.511 |
| Price | $748.0K | $745.6K |
| Price per sq ft | $787 | $786 |
| Built year | 1980 | 1981 |
| HOA | $779.0 | $818 |
| Days on market | 36 | 65 |
Pricing History
Listed for Sale
Sep 18, 2026
$748,000
Initial Listing
Sold
Apr 25, 2024
$740,000
Public Record
Sold
Mar 3, 2022
$680,000
Public Record
Sold
Jun 7, 2002
$333,000
Public Record
Sold
Jun 21, 1996
$130,000
Public Record