555 Laurel Avenue 415, San Mateo, California 94401, San Mateo, 94401 - 1 bed, 2 bath
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San Mateo, California 94401
This Luxury Downtown Condominium is listed at $850,000, reflecting the premium value of its prestigious location relative to the $776,183 Fair Market Value. Holding a Fair Condition Rating, the unit offers a spacious 1,095-square-foot layout featuring a serene Park View and an enclosed balcony. The building provides elite resort-style amenities, including an Indoor Pool, Spa, and 24-Hour Doorperson. Located within the highly-rated Aragon High School district, this property is an ideal match for Urban Professionals or Owner-Occupants seeking a high-end lifestyle with the opportunity to customize their interior space.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 555 Laurel Avenue 415 Subject | $850,000* List Price | 1 | 2 | 1,095 | $709 | - |
A 425 N El Camino Real 203 Sold | $800,000 | 2 | 2 | 1,324 | $604 | 0.9 mi |
B 316 N El Camino Real 105 Sold | $745,000 | 2 | 2 | 990 | $753 | 0.8 mi |
C 316 N El Camino Real 306 Sold | $695,000 | 2 | 2 | 990 | $702 | 0.8 mi |
D 601 Laurel Avenue 602 Sold | $1,000,000 | 2 | 2 | 1,325 | $755 | 0.1 mi |
E 711 S Bayshore Boulevard 23 Sold | $610,000 | 2 | 1 | 740 | $824 | 0.7 mi |
F 153 N. San Mateo Drive 204 Active | $895,000 List Price | 2 | 2 | 1,195 | $749 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is in fair condition, largely reflecting its 1980 construction with limited updates. While the building's common areas and lobby appear well-maintained, the unit itself features an outdated kitchen with original-style oak cabinetry and tile countertops. The carpeting shows visible wear and staining, and the overall aesthetic, including the cosmetic-only fireplace and light fixtures, is aged. It is functional and livable but requires cosmetic renovations to meet modern luxury standards.
Situated in the heart of Downtown San Mateo, this property offers exceptional walkability to premium restaurants, shopping, a movie theater, and public transit hubs.
The Gramercy on the Park provides a resort-style lifestyle with a 24-hour doorperson, a stunning indoor pool, spa, gym, library, and social room.
Boasting nearly 1,100 square feet, this large one-bedroom unit features two bathrooms, an enclosed balcony, and serene views of San Mateo Park.
The monthly HOA fee of $1,551 is significantly high for a one-bedroom unit, which may impact buyer qualification and overall monthly carrying costs.
The fireplace is designated as cosmetic only, depriving the home of a functional secondary heat source or the utility of a traditional wood or gas-burning hearth.
THE GRAMERCY ON THE PARK LUXURY CONDO IN THE HEART OF DOWNTOWN SM* ONE BEDROOM, 2 BATHS, LARGE WALK-IN CLOSET* ENCLOSED BALCONY*EASY ACCESS TO SHOPS, RESTAURANTS, MOVIE THEATER & TRANSPORTATION* REFRIGERATOR*WASHER*DRYER*24 HR DOORPERSON*VIEW OF SAN MATEO PARK*SOLARIUM*AMAZING INDOOR POOL*SPA*GYM*SOCIAL ROOM*LIBRARY*24 HOUR DOORPERSON* STORAGE ROOM*ONE CAR PARKING*FIREPLACE IS COSMETIC ONLY* Listing description cannot be generated at this time. Please try again later.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 0.9 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 33% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,095 | 1,095 | 50% |
| Lot Size | - | - | 50% |
| Price | $850.0K | $587.5K | 81% |
| Price per sq ft | $776 | $627 | 74% |
| Built year | 1980 | 1983 | 45% |
| HOA | $1551.0 | $820 | 62% |
| Days on market | 23 | 191 | 5% |
Mar 30, 2026
$850,000
Initial Listing
Nov 12, 1997
$240,000
Public Record