50 Mounds Road 107, San Mateo, California 94402, San Mateo, 94402 - 2 bed, 2 bath
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San Mateo, California 94402
This expansive San Mateo condominium is a Strong Value Opportunity, listed at $1,275,000—positioned well below the $1,377,161 Fair Market Value by 7%. This valuation gap provides $102,161 in Instant Equity for the incoming buyer. Boasting a Condition Rating of 3, the 2,076 sqft unit features a Gourmet Kitchen and unobstructed Bay and Bridge Views. Located near San Mateo High School, it balances lifestyle luxury with financial upside. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 50 Mounds Road 107 Subject | $1,275,000* List Price | 2 | 2 | 2,076 | $663 | - |
A 225 Virginia Avenue Ph-d Active | $1,180,000 List Price | 2 | 2 | 1,486 | $794 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition and has been well-maintained with several updates. While the building dates back to 1973, the unit features a 'refreshed' interior including a gourmet kitchen with custom cherry wood cabinetry and stainless steel appliances. The flooring is a mix of attractive hardwood and clean carpeting, and the bathrooms are well-appointed. It does not reach the 'excellent' level because the kitchen and bathroom styles (such as the fluorescent light box in the kitchen and standard tile work) reflect a renovation likely completed 10-15 years ago rather than a full contemporary remodel within the last 5 years.
This desirable corner unit features floor-to-ceiling windows that flood the space with natural light and offer stunning views of the San Mateo Bridge and the Bay.
With over 2,000 square feet of living area, the property offers an exceptionally spacious floor plan for a two-bedroom condo, including extra-large bedrooms and a gourmet kitchen with custom cherry wood cabinetry.
The Mounds provides a high-end lifestyle with access to a swimming pool, gym, front desk services, guest suites for rent, and two deeded parking spaces.
The monthly association fee of $1,550 is substantial, which may be a deterrent for budget-conscious buyers or those sensitive to high fixed monthly expenses.
The lobby and common areas are currently undergoing a major remodel, which could result in temporary noise, dust, and restricted access until the project is completed.
Refreshed unit --best floor plan, updated and ready to move in. Convenient to front desk, swimming pool, and gym, corner unit has lots of floor to ceiling windows, with views of the SM Bridge and the Bay. Bright and sunny with loads of storage and spacious rooms. Gourmet kitchen has lovely custom cherry wood cabinets, stainless appliances, handy pantry. Open floor plan, can be formal dining room or den/family room with combo living & dining room. Deck is large and east facing--morning sun lovers delight! Bedrooms are both extra large, with ample closets and well-appointed bathrooms. In-unit laundry room, extra storage, two deeded parking spaces and great amenities, including guest suites which can be rented for a nominal fee. The Mounds lobby and common areas are undergoing a major remodel and will be fresh and ready soon! First open house is March 14 & 15th--don't miss this wonderful unit!
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades 6-8 • 1.3 mi
Grades 9-12 • 0.7 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 | 2,076 | 1,238 | 88% |
| Lot Size | - | - | 50% |
| Price | $1.27M | $949.0K | 75% |
| Price per sq ft | $614 | $800 | 13% |
| Built year | 1973 | 2006 | 13% |
| HOA | $1550.0 | $1.4K | 50% |
| Days on market | 40 | 106 | 13% |
Mar 13, 2026
$1,275,000
Initial Listing