NOT LISTED FOR SALE

Gramercy On the Park 555 Laurel Ave Unit 429 San Mateo, CA 94401

Downtown San Mateo Neighborhood

Estimated Value: $848,000 - $937,000

1 Bed
2 Baths
1,281 Sq Ft
2.12 Acres Lot

Sale Details

Date Sold: October 9, 2024

Last sale price $850,000 $664 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $6,443 / mo

21 Days on Market

Highlights

  • Doorman
  • Heated In Ground Pool
  • 1 Fireplace
  • Borel Middle School Rated A-
  • Sauna
  • 2-minute walk to San Mateo Central Park

About This Home

As of October 2024

Experience unparalleled luxury at Gramercy on The Park! This exquisite one-bedroom, two-bathroom residence encompasses approximately 1,281 square feet. The home boasts new carpet flooring, fresh paint, and new window coverings in the bedroom. The 144-unit building features a stunning atrium-like courtyard, heated pool, hot tub, sauna, and fitness center. Security is top-notch with on-site management and a 24 hour lobby door attendant. Additional amenities include storage unit and one parking space. Enjoy easy access to everything San Mateo has to offer.

Last Agent to Sell the Property

Thomas Werbe

Breakwater Properties, Inc. License #01482688 Listed on: 09/04/2024

Last Buyer's Agent

Thomas Werbe

Breakwater Properties, Inc. License #01482688 Listed on: 09/04/2024

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1980

Lot Details

  • 2.12

HOA Fees

  • $1,434 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Electric Gate
  • Secured Garage or Parking

Home Design

  • Reinforced Concrete Foundation

Interior Spaces

  • 1,281 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Combination Dining and Living Room
  • Sauna
  • Washer and Dryer

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Full Bathrooms

Home Security

Pool

  • Heated In Ground Pool
  • Spa

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 109-200-290

Community Details

Overview

  • Association fees include cable / dish, common area electricity, door person, garbage, maintenance - common area, management fee, reserves, roof, water / sewer
  • 144 Units
  • Gramercy On The Park Association

Amenities

  • Doorman
  • Sauna
  • Elevator

Recreation

Security

  • Controlled Access
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Year Built

Built in 1980

Lot Details

2.12 Acres

HOA Fees

$1,434 per month

Parking

1

Listing Details

  • Subclass: Condominium
  • Restrictions: Pets - Rules
  • Listing Class: Residential
  • Max Numberof Unitsin Building: 144
  • Min Numberof Unitsin Complex: 144
  • Structure Sq Ft: 1281
  • Year Built: 1980
  • Zoning Description: R6000D
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Family Room: No Family Room
  • Dining Room: Breakfast Nook, Dining Area in Living Room, Eat in Kitchen
  • Living Sq Ft: 1281
  • Stories: 1
  • Security: Controlled / Secured Access, Fire System - Sprinkler, Secured Garage / Parking
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Tile
  • Fireplaces Min: 1
  • Full Bathrooms: 2
  • Total Bedrooms: 1
  • Fireplace: Yes

Exterior Features

  • Foundation: Reinforced Concrete
  • Pool Description: Community Facility, Pool - Heated, Pool - In Ground, Spa / Hot Tub, Steam Room or Sauna
  • Pool: Yes

Garage/Parking

  • Garage Spaces: 1
  • Garage Parking Features: Assigned Spaces, Covered Parking, Electric Gate, Underground Parking

Utilities

  • Cooling System: Central AC
  • Heating System: Central Forced Air, Electric
  • Sewer/Septic System: Sewer Connected

Condo/Co-op/Association

  • HOA Fees: 1434
  • HOA Amenities: Community Pool, Door Person, Elevator, Sauna / Spa / Hot Tub
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Cable / Dish, Common Area Electricity, Door Person, Garbage, Maintenance - Common Area, Management Fee, Reserves, Roof, Water / Sewer
  • H O A Name Text: Gramercy On The Park
  • H O A Exist: Yes

Lot Info

  • Parcel Number: 109-200-290

Multi Family

  • Utilities: Individual Electric Meters

MLS Schools

  • High School District Text: San Mateo Union High

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 3, 2025
Sold by
Bought by
Current Estimated Value
$884,523

Purchase Details

Listed on
Sep 4, 2024
Closed on
Oct 4, 2024
Sold by
Bought by
Seller's Agent
Thomas Werbe
Breakwater Properties, Inc.
Buyer's Agent
Thomas Werbe
Breakwater Properties, Inc.
List Price
$899,000
Sold Price
$850,000
Premium/Discount to List
-$49,000
-5.45%
Views
10

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.46%

Purchase Details

Closed on
Oct 2, 2014
Sold by
Bought by

Purchase Details

Closed on
Mar 4, 2013
Sold by
Bought by

Purchase Details

Closed on
Jan 10, 1994
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$850,000 Old Republic Title
-- None Available
-- First American Title Company
$215,000 Old Republic Title Company
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/09/2024 10/09/24 Sold $850,000 -5.5% $664 / Sq Ft
09/26/2024 09/26/24 Pending -- -- --
09/04/2024 09/04/24 For Sale $899,000 -- $702 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,830 $850,000 $255,000 $595,000
2023 $2,830 $103,154 $25,911 $77,243
2022 $2,719 $101,132 $25,403 $75,729
2021 $2,571 $99,150 $24,905 $74,245
2020 $2,337 $98,134 $24,650 $73,484
2019 $2,372 $96,211 $24,167 $72,044
2018 $1,809 $94,326 $23,694 $70,632
2017 $1,584 $92,478 $23,230 $69,248
2016 $1,616 $90,666 $22,775 $67,891
2015 $1,594 $89,305 $22,433 $66,872
2014 $1,577 $87,557 $21,994 $65,563
Source: Public Records

Agents Affiliated with this Home

  • Thomas Werbe

    Seller's Agent in 2024

    Thomas Werbe

    Breakwater Properties, Inc.

    (650) 207-9168

    5 in this area

    19 Total Sales

    Thomas Werbe
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About Gramercy On the Park

Map

Source: MLSListings

MLS Number: ML81979101

MLSListings

APN: 109-200-290

California San Mateo County San Mateo 94401 Downtown San Mateo

555 Laurel Ave Unit 429, San Mateo, CA

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