940 Peninsula Avenue, San Mateo, California 94401, San Mateo, 94401 - 2 bed, 2 bath
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940 Peninsula Avenue
San Mateo, California 94401
ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
1,152Sq Ft
0Lot Size
Property Price
LIST PRICE$925,000
EST. MARKET VALUE
$945,072
SUMMARY
This Turnkey Condominium represents a Strong Value Opportunity, listed at $925,000—positioned well below the $945,072 Fair Market Value by 2%. This valuation gap provides $20,072 in Instant Equity. Featuring a Modern Interior Renovation and an Excellent Condition Rating, this home offers resort-style amenities including a tranquil lake, pools, and tennis courts. Located near top-rated schools like San Mateo High, it is an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in-ready lifestyle.
Estimated Market Value
$945,072
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 |
|---|---|---|---|---|---|---|
★ 940 Peninsula Avenue Subject 2 bd · 2 ba · 1,152 sqft · $820 | $925,000* List Price | 2 | 2 | 1,152 | $820 | - |
A 21 Tidal Way Sold 2 bd · 3 ba · 1,235 sqft · $899 · 0.7 mi | $1,110,000 | 2 | 3 | 1,235 | $899 | 0.7 mi |
B 605 Highland Avenue 7 Sold 2 bd · 2 ba · 1,077 sqft · $789 · 0.7 mi | $850,000 | 2 | 2 | 1,077 | $789 | 0.7 mi |
C 58 E Poplar Avenue 3 Sold 2 bd · 2 ba · 1,367 sqft · $775 · 0.8 mi | $1,060,000 | 2 | 2 | 1,367 | $775 | 0.8 mi |
D 340 Grand Boulevard 12 Sold 2 bd · 2 ba · 1,000 sqft · $675 · 0.5 mi | $675,000 | 2 | 2 | 1,000 | $675 | 0.5 mi |
E 153 N N San Mateo Drive 304 Active 2 bd · 2 ba · 1,195 sqft · $753 · 0.9 mi | $900,000 List Price | 2 | 2 | 1,195 | $753 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
While originally built in 1965, the property has undergone a comprehensive modern renovation within the last 5 years. The kitchen features current-trend quartz countertops, a new backsplash, and stainless steel appliances. With updated flooring, fresh paint, and a mint-condition interior, it meets the criteria for a high-end, move-in-ready renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Resort-Style Community Amenities
The Woodlake community offers an exceptional lifestyle package including multiple pools, tennis and basketball courts, a gym, a clubhouse, and scenic walking paths around a tranquil lake.
- Prime Peninsula Location
Ideally situated with rapid access to Burlingame Avenue, downtown San Mateo, Hwy 101, and Caltrain, making it a perfect hub for commuters to SFO, Silicon Valley, and San Francisco.
- Modern Interior Upgrades
The unit features a contemporary open-concept design with high-end finishes including quartz countertops, stainless steel appliances, and a private enclosed patio for seamless indoor-outdoor living.
CONSRISKS & DEFICIENCIES
- High Monthly Association Fees
The $911 monthly HOA fee is substantial and significantly increases the total monthly carrying cost, which may deter budget-conscious buyers.
- Aging Infrastructure
Built in 1965, the property may face challenges associated with older construction, such as limited insulation or the potential for future special assessments to maintain aging common facilities.
About 940 Peninsula Avenue
Welcome to this beautifully updated, light-filled 2-bedroom, 1.5-bath townhome in San Mateos sought-after Woodlake community! The open-concept living and dining area features a cozy gas fireplace and opens to a private, enclosed patio, perfect for relaxing or entertaining. The modern kitchen boasts quartz countertops, a stylish new backsplash, stainless steel appliances, and a pantry. A convenient half bath completes the main level. Upstairs, enjoy two spacious bedrooms, a skylit hallway, a full bath, a dedicated laundry room with washer and dryer included, and ample storage. Experience resort-style living with multiple pools, tennis and basketball courts, a clubhouse, gym, billiards room, sauna, scenic walking paths, lush landscaping, and a tranquil lake. Ideally situated near a pool and grassy open space, with deeded parking just steps from your patio. Minutes from Burlingame Avenue, downtown San Mateo, Hwy 101, Caltrain, SFO, Meta, and Coyote Point. Safeway, CVS, and Starbucks are just around the corner. This condo community is FHA and VA approved, offering additional financing options for qualified buyers.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1965
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $911.0 / Month
Neighborhood Insights
San Mateo Unified Schools
San Mateo Park Elementary School
Grades K-5 • 1.1 mi
4/10
Horrall Elementary School
Grades K-5 • 1.8 mi
2/10
Baywood Elementary School
Grades K-5 • 2.0 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 1.9 |
| Baths | 2.0 | 1.4 |
| Square foot | 1,152 | 1,012.867 |
| Lot Size | - | 11,315.511 |
| Price | $925.0K | $745.6K |
| Price per sq ft | $803 | $786 |
| Built year | 1965 | 1981 |
| HOA | $911.0 | $818 |
| Days on market | 2 | 65 |
Pricing History
Listed for Sale
Oct 22, 2026
$925,000
Initial Listing
Sold
Feb 22, 2023
$894,500
Public Record
Sold
Dec 16, 2022
$860,000
Public Record
Sold
Mar 11, 2014
$590,000
Public Record