Realkey.ai
RealKey
‪(213) 433-7766‬

555 Laurel Avenue 614, San Mateo, California 94401, San Mateo, 94401 - 3 bed, 3 bath

555 Laurel Avenue 614, San Mateo, California 94401 home-pic-0
ACTIVE$3,250,000$2,510/sqft
555 Laurel Avenue 614, San Mateo, California 94401
3Beds
3Baths
2,510Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Panoramic Views: As a rarely available penthouse unit, it offers commanding views of the San Francisco Bay, East Bay, and Downtown San Mateo, enhancing its luxury appeal.
Top Cons:
High Monthly Association Fee: The substantial monthly association fee of $1,778.00 represents a significant ongoing cost for ownership.

Compared to the nearby listings

Price:$3.25M vs avg $510.0K (+$2,740,000)98%
Size:2,510 sqft vs avg 1,047.5 sqft98%
Price/sqft:$1.3K vs avg $61998%

More Insights

Built in 1980 (46 years old).
Condition: This penthouse unit, built in 1980, is in good, move-in ready condition. While some elements like the dark kitchen cabinetry, tiled backsplash, and parquet flooring reflect a more traditional or slightly older contemporary style, they are well-maintained and functional. The kitchen features modern stainless steel appliances and stone counters. The primary bathroom is well-appointed with a separate shower and jetted tub, and appears to be in excellent condition. Other areas show good upkeep with quality materials like marble in the foyer. The property does not require immediate renovations, aligning with the 'Good' criteria, despite the building's age and the noted absence of explicit central air conditioning.
Year Built
1980
Close
-
List price
$3.25M
Original List price
$3.25M
Price/Sqft
$1,295
HOA
$1,778
Days on market
-
Sold On
-
MLS number
ML82031398
Home ConditionGood
Features
Excellent View: Bay, Bridge(s), City Lights, Neighborhood
Deck
Pool
ViewBay,Bridge(s),City Lights,Neighborhood

About this home

Rarely available penthouse unit in San Mateo's premier condo community Gramercy on the Park. This luxurious 3-bedroom, 2.5-bathroom residence offers a generous floor plan with commanding views of the San Francisco Bay, East Bay, and Downtown San Mateo. A grand marble foyer grabs your immediate attention upon entry. This area provides access to all the core living areas and private suites. Numerous skylights and raised ceilings allow for abundant natural light throughout the unit. The spacious chefs kitchen boasts a center island, stone counters, ample cabinetry, and pantry area. An expansive balcony stretches the rear of the home, with direct access from the formal living and dining rooms. The primary suite offers multiple walk-in closets and a private sun room. Gramercy at the Park has exceptional amenities, starting with an incredible heated pool spanning the length of the central courtyard. It also includes a well-equipped fitness room, a 24-hour door man, 2-car parking with EV charger, dedicated storage and much more. Great restaurants, specialty grocery stores, shopping, transportation, and parks are all within walking distance. The Central Peninsula location offers close proximity to SFO International Airport, San Francisco, and Silicon Valley.

M
Matthew Rogers
Listing Agent

Nearby schools

3/10
Sunnybrae Elementary School
Public,•K-5•0.4mi
6/10
Borel Middle School
Public,•6-8•0.9mi
8/10
Aragon High School
Public,•9-12•0.9mi

Price History

Date
Event
Price
08/10/95
Sold
$485,000
02/17/04
Sold
$1,038,000
Condition Rating
Good
This penthouse unit, built in 1980, is in good, move-in ready condition. While some elements like the dark kitchen cabinetry, tiled backsplash, and parquet flooring reflect a more traditional or slightly older contemporary style, they are well-maintained and functional. The kitchen features modern stainless steel appliances and stone counters. The primary bathroom is well-appointed with a separate shower and jetted tub, and appears to be in excellent condition. Other areas show good upkeep with quality materials like marble in the foyer. The property does not require immediate renovations, aligning with the 'Good' criteria, despite the building's age and the noted absence of explicit central air conditioning.
Pros & Cons

Pros

Panoramic Views: As a rarely available penthouse unit, it offers commanding views of the San Francisco Bay, East Bay, and Downtown San Mateo, enhancing its luxury appeal.
Exceptional Building Amenities: The Gramercy on the Park community provides a heated pool, well-equipped fitness room, 24-hour doorman, 2-car parking with EV charger, and dedicated storage.
Prime Central Peninsula Location: The property boasts excellent walkability to restaurants, grocery stores, shopping, transportation, and parks, with convenient access to SFO, San Francisco, and Silicon Valley.
Luxurious & Spacious Interior: A generous 2510 sqft floor plan features a grand marble foyer, numerous skylights, raised ceilings, a spacious chef's kitchen with stone counters, multiple walk-in closets, and a private sunroom.
Exclusivity: Being a 'rarely available penthouse unit' signifies a unique and highly sought-after offering within a premier condo community.

Cons

High Monthly Association Fee: The substantial monthly association fee of $1,778.00 represents a significant ongoing cost for ownership.
Building Age: Built in 1980, while some features are updated, other aspects of the unit or building infrastructure may reflect its age and could require future modernization or maintenance.
Lack of Explicit Central Air Conditioning: The description does not mention a cooling system, which could be a consideration for comfort during warmer periods, particularly for a luxury residence.
Browse Properties by State Browse housing market trends by state