NOT LISTED FOR SALE

Gramercy On the Park 555 Laurel Ave Unit 121 San Mateo, CA 94401

Downtown San Mateo Neighborhood

Estimated Value: $1,192,000 - $1,565,000

1 Bed
2.5 Baths
2,189 Sq Ft
$640/Sq Ft Est. Value

Last Sold February 03, 2023

Last sale price $1,325,000 $605 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $10,091/month

56 Days on Market

Highlights

  • Doorman
  • Fitness Center
  • Rooftop Deck
  • Borel Middle School Rated A-
  • Heated In Ground Pool
  • 2-minute walk to San Mateo Central Park

About This Home

As of February 2023

Beautiful townhome at the luxurious Gramercy on the Park, located in the heart of Downtown San Mateo. Updated and well maintained, this spacious townhome features many amenities, including maple flooring, custom mouldings, open-beam high ceilings, plantation shutters, remote control curtains, a private outdoor patio and beautiful cabinetry throughout. The kitchen boasts corian countertops, large kitchen island, wine cooler, and built-in refrigerator. Offering upstairs laundry. There's an additional second room with closets, providing a potential second bedroom. Building amenities include an amazing indoor swimming pool with retractable roof, fitness center, spa, steam room, community room, underground parking garage, 24-hour security, doorman & rooftop common area. Charming Downtown San Mateo offers the entertainment, convenience, and community, just walking distance to Draegar's Market, Central Park, quality restaurants, theaters, cafes, boutiques, and transportation.

Last Agent to Sell the Property

Charles Floyd

Compass License #00960469 Listed on: 11/04/2022

Compass

Last Buyer's Agent

Nancy Carlucci

Omarshall, Inc License #01416606

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 1980

Lot Details

  • 2.12

HOA Fees

  • $1,362 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Enclosed Parking
  • Garage Door Opener
  • Electric Gate
  • Secured Garage or Parking
  • Guest Parking
  • Unassigned Parking

Home Design

  • Contemporary Architecture
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 2,189 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • High Ceiling
  • Double Pane Windows
  • Formal Entry
  • Great Room
  • Formal Dining Room
  • Library
  • Recreation Room
  • Sauna
  • City Lights Views

Kitchen

  • Built-In Oven
  • Electric Oven
  • Electric Cooktop
  • Wine Refrigerator
  • Corian Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • Bathroom on Main Level
  • Garden Bath
  • Walk-in Shower

Laundry

  • Laundry on upper level
  • Electric Dryer Hookup

Home Security

Outdoor Features

  • Heated In Ground Pool
  • Deck

Utilities

  • Forced Air Zoned Heating System
  • Vented Exhaust Fan
  • Separate Meters
  • 220 Volts
  • Cable TV Available

Additional Features

  • Energy-Efficient Insulation
  • North Facing Home

Listing and Financial Details

  • Assessor Parcel Number 109-180-210

Community Details

Overview

  • Association fees include common area electricity, door person, garbage, insurance - common area, landscaping / gardening, recreation facility, roof, water / sewer
  • The Gramercy HOA
  • Built by Gramercy

Amenities

  • Doorman
  • Rooftop Deck
  • Elevator

Recreation

  • Lap or Exercise Community Pool

Pet Policy

  • Pets Allowed

Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Townhouse Details

Home Type

Townhome

Year Built

Built in 1980

Lot Details

0

HOA Fees

$1,362 per month

Parking

1

Listing Details

  • Subclass: Townhouse
  • Style: Contemporary
  • Restrictions: Pets - Allowed
  • Listing Class: Residential
  • Structure Sq Ft: 2189
  • Complex Name: Gramercy
  • Year Built: 1980
  • Zoning Description: R6000D
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Family Room: No Family Room
  • Dining Room: Dining Area, Formal Dining Room
  • Kitchen: 220 Volt Outlet, Cooktop - Electric, Countertop - Solid Surface / Corian, Exhaust Fan, Garbage Disposal, Oven - Built-In, Oven Range - Electric, Refrigerator, Wine Refrigerator
  • Living Sq Ft: 2189
  • Stories: 2
  • Security: Fire Alarm, Fire System - Sprinkler, Secured Garage / Parking
  • Bedrooms: Walk-in Closet
  • Laundry: Electricity Hookup (220V), Inside, Upper Floor
  • Flooring: Carpet, Tile, Wood
  • Additional Rooms: Formal Entry, Great Room, Library, Recreation Room
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Bathroom: Half on Ground Floor, Primary - Stall Shower(s), Sunken / Garden Tub

Exterior Features

  • Foundation: Concrete Perimeter and Slab
  • Pool Description: Pool - Heated, Pool - In Ground, Pool - Lap, Steam Room or Sauna
  • View: City Lights
  • Yard/Grounds: Balcony / Patio, Deck
  • Pool: Yes
  • Property Faces: North
  • Construction Type: Concrete, Steel, Stucco, Wood

Garage/Parking

  • Garage Spaces: 1
  • Garage Parking Features: Attached Garage, Common Parking Area, Drive Through, Electric Gate, Enclosed, Gate / Door Opener, Guest / Visitor Parking, Unassigned Spaces, Underground Parking

Utilities

  • Heating System: Central Forced Air, Heating - 2+ Zones
  • Sewer/Septic System: Sewer Connected

Condo/Co-op/Association

  • HOA Fees: 1362
  • HOA Amenities: Door Person, Elevator, Gym / Exercise Facility, Roof Deck
  • HOA Documents: Budget, Bylaws, CC&RS, Minutes, Rules & Regulations
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Common Area Electricity, Door Person, Garbage, Insurance - Common Area, Landscaping / Gardening, Recreation Facility, Roof, Water / Sewer
  • H O A Name Text: The Gramercy HOA
  • H O A Exist: Yes

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Open Beam Ceiling

Schools

  • High School: 602

Lot Info

  • Lot Description: Grade - Level
  • Parcel Number: 109-180-210
  • Lot Acres: 2.1210
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 92393.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 92393.00
  • Soil: Unknown

Green Features

  • Energy Features: Double Pane Windows, Insulation - Unknown

Multi Family

  • Utilities: Individual Electric Meters
  • Maximum Building Height: 1
  • Minimum Building Height: 1
  • Unit Features: Unit Faces Common Area, Unit Faces Street

MLS Schools

  • High School District Text: San Mateo Union High
  • Elementary School Text: Baywood Elementary
  • High School Text: Aragon High
  • Middle School Text: Borel Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2022
Closed on
Jan 27, 2023
Sold by
John And Reiko Loughran Revocable Trust
Bought by
William And Nancy Shaughnessy Trust
Seller's Agent
Charles Floyd
Compass
Buyer's Agent
Nancy Carlucci
Omarshall, Inc
List Price
$1,385,000
Sold Price
$1,325,000
Premium/Discount to List
-$60,000
-4.33%
Views
14
Current Estimated Value
$1,400,651

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,651
Avg. Annual Appreciation
1.92%

Purchase Details

Closed on
Jan 28, 2000
Sold by
Loughran John and Loughran Reiko
Bought by
Loughran John and Loughran Reiko

Purchase Details

Closed on
Jul 20, 1999
Sold by
Motroni James J
Bought by
Loughran John and Loughran Reiko

Purchase Details

Closed on
Apr 12, 1999
Sold by
Motroni James J and Motroni Claire D
Bought by
Motroni James J and Motroni Claire D

Purchase Details

Closed on
Jul 26, 1995
Sold by
Huston Edward E
Bought by
Huston Edward E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 20, 1995
Sold by
Huston Edward E and Huston Edward W
Bought by
Motroni James J and Motroni Claire D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 9, 1995
Sold by
Huston Edward E
Bought by
Huston Edward E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 7, 1995
Sold by
Rivero Marie T
Bought by
Huston Edward E and Huston Edward W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 18, 1995
Sold by
Huston Edward E and Huston Kathleen W
Bought by
Huston Edward W
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
William And Nancy Shaughnessy Trust $1,325,000 Fidelity National Title
Loughran John -- --
Loughran John $625,000 Fidelity National Title Co
Motroni James J -- --
Huston Edward E -- First American Title Co
Motroni James J $319,000 First American Title Co
Huston Edward E -- --
Huston Edward E -- Old Republic Title
Huston Edward W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Motroni James J $60,000
Previous Owner Huston Edward E $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/03/2023 02/03/23 Sold $1,325,000 -4.3% $605 / Sq Ft
12/31/2022 12/31/22 Pending -- -- --
11/04/2022 11/04/22 For Sale $1,385,000 -- $633 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $16,946 $1,378,530 $413,559 $964,971
2023 $16,946 $923,292 $276,981 $646,311
2022 $11,941 $905,189 $271,550 $633,639
2021 $11,672 $887,441 $266,226 $621,215
2020 $11,146 $878,343 $263,497 $614,846
2019 $10,986 $861,122 $258,331 $602,791
2018 $10,279 $844,238 $253,266 $590,972
2017 $9,966 $827,685 $248,300 $579,385
2016 $9,839 $811,457 $243,432 $568,025
2015 $9,639 $799,269 $239,776 $559,493
2014 $9,422 $783,614 $235,080 $548,534
Source: Public Records

Agents Affiliated with this Home

  • Charles Floyd

    Seller's Agent in 2023

    Charles Floyd

    Compass

    (650) 892-3464

    1 in this area

    25 Total Sales

    Charles Floyd
    Section Image
  • Nancy Carlucci

    Buyer's Agent in 2023

    Nancy Carlucci

    Omarshall, Inc

    (650) 219-7480

    1 in this area

    13 Total Sales

    Nancy Carlucci
    Section Image
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About Gramercy On the Park

Map

Source: MLSListings

MLS Number: ML81912265

MLSListings

APN: 109-180-210

California San Mateo County San Mateo 94401 Downtown San Mateo

555 Laurel Ave Unit 121, San Mateo, CA

Not Listed for Sale

Townhouses

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