NOT LISTED FOR SALE

Gramercy On the Park 555 Laurel Ave Unit 502 San Mateo, CA 94401

Downtown San Mateo Neighborhood

Estimated Value: $1,282,000 - $1,393,415

2 Beds
2 Baths
1,786 Sq Ft
2.12 Acres Lot

Sale Details

Date Sold: March 9, 2021

Last sale price $1,300,000 $728 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $9,633 / mo

275 Days on Market

Highlights

  • Doorman
  • Private Pool
  • Clubhouse
  • Borel Middle School Rated A-
  • Bay View
  • 2-minute walk to San Mateo Central Park

About This Home

As of March 2021

Gorgeous condominium in the heart of downtown San Mateo at the desired "Gramercy on the Park"! Excellent location between San Francisco and Silicon Valley, this is downtown living at its best! 2BR/2BA with beautiful updating! Large and open living and dining room, family room/office, and a sun porch with pretty views! Fantastic community amenities with an incredible heated pool in a stunning central courtyard, fitness room, 24-hour staffed entrance, and more. Adjacent to Central Park and one block to shops, restaurants, plus nearby movie theater. Please see disclosure package link for in-person visit rules.

Last Agent to Sell the Property

Mark Johnson

Coldwell Banker Realty License #00667906 Listed on: 03/09/2020

Coldwell Banker Realty

Last Buyer's Agent

Thomas Werbe

MW Properties, Inc. License #01482688

Property Details

Home Type

  • Condominium

Year Built

  • 1980

Lot Details

  • 2.12

HOA Fees

  • $1,123 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Electric Gate
  • Guest Parking

Property Views

  • Bay
  • Hills
  • Neighborhood

Home Design

  • Contemporary Architecture

Interior Spaces

  • 1,786 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Formal Entry
  • Separate Family Room
  • Living Room with Fireplace
  • Dining Area
  • Solarium

Kitchen

  • Breakfast Area or Nook
  • Built-In Oven
  • Electric Oven
  • Electric Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub
  • Walk-in Shower

Laundry

  • Laundry in unit
  • Washer and Dryer

Home Security

Pool

  • Private Pool

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Separate Meters

Community Details

Overview

  • Association fees include common area electricity, door person, exterior painting, garbage, maintenance - exterior, pool spa or tennis, recreation facility, water
  • Gramercy On The Park Association

Amenities

  • Doorman
  • Clubhouse

Recreation

  • Community Pool

Pet Policy

  • Dogs and Cats Allowed

Security

  • Fire Sprinkler System

Property Details

Home Type

Condominium

Year Built

1980

Lot Details

2.12 Acres

HOA Fees

$1,123 per month

Parking

1

Listing Details

  • Zoning: R6000D
  • Subclass: Condominium
  • Style: Contemporary
  • Restrictions: Pets - Cats Permitted, Pets - Dogs Permitted, Pets - Restrictions, Pets - Rules
  • Listing Class: Residential
  • Maximum Unit Floor Number: 5
  • Structure Sq Ft: 1786
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1980

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Living Room
  • Dining Room: Breakfast Nook, Dining Area
  • Kitchen: Cooktop - Electric, Dishwasher, Garbage Disposal, Hood Over Range, Microwave, Oven - Built-In, Oven - Electric, Refrigerator
  • Fireplace: Yes
  • Living Sq Ft: 1786
  • Stories: 1
  • Security: Fire System - Sprinkler
  • Bedrooms: Walk-In Closet
  • Laundry: Inside, Washer / Dryer
  • Flooring: Carpet, Tile
  • Additional Rooms: Formal Entry, Solarium
  • Fireplaces Min: 1
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Bathroom: Stall Shower, Tub, Tub In Primary Bedroom

Exterior Features

  • Pool Description: Yes
  • View: Bay, Hills, Neighborhood
  • Pool: Community Facility, Pool - In Ground, Pool - Indoor, Spa - Indoor, Steam Room Or Sauna

Garage/Parking

  • Garage Spaces: 1
  • Garage Parking Features: Assigned Spaces, Attached Garage, Covered Parking, Electric Gate, Gate / Door Opener, Guest / Visitor Parking, Parking Restrictions, Underground Parking

Utilities

  • Cooling System: Central Ac
  • Heating System: Central Forced Air, Heat Pump
  • Sewer/Septic System: Sewer Connected

Condo/Co-op/Association

  • Complex Name: Gramercy on the Park
  • HOA Fees: 1123
  • HOA Amenities: Club House, Community Pool, Door Person
  • HOA Documents: Bylaws, Cc&rs
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Common Area Electricity, Door Person, Exterior Painting, Garbage, Maintenance - Exterior, Pool, Spa, Or Tennis, Recreation Facility, Water
  • HOA Exist: Yes
  • H O A Name Text: Gramercy on the Park

Association/Amenities

  • Amenities Miscellaneous: Walk-In Closet, Wet Bar

Lot Info

  • Lot Description: Grade - Level, Grade - Sloped Down, Grade - Sloped Up, Grade - Varies, Views
  • Soil: Unknown

Multi Family

  • Utilities: Individual Electric Meters

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2020
Closed on
Feb 25, 2021
Sold by
Blackie Bruce Lothian and Blackie Heide Rebecca
Bought by
Hildes Susan S and Hildes Barry L
Seller's Agent
Mark Johnson
Coldwell Banker Realty
Buyer's Agent
Thomas Werbe
MW Properties, Inc.
List Price
$1,465,000
Sold Price
$1,300,000
Premium/Discount to List
-$165,000
-11.26%
Current Estimated Value
$1,347,854

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,854
Avg. Annual Appreciation
0.71%
Original Mortgage
$700,000
Outstanding Balance
$627,500
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$720,354

Purchase Details

Closed on
Feb 14, 2018
Sold by
Blackie Bruce Lothian
Bought by
Blackie Bruce Lothian and Blackie Heidi Rebecca

Purchase Details

Closed on
Sep 1, 2010
Sold by
Shannon James W
Bought by
Smith Blackie Bruce Lothian and Smith Blackie Marilyn

Purchase Details

Closed on
Feb 1, 2007
Sold by
Shannon James W
Bought by
Shannon James W

Purchase Details

Closed on
Oct 19, 2005
Sold by
Shannon James W
Bought by
Shannon James W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 3, 2003
Sold by
Shannon James W and Shannon Kaye M
Bought by
Shannon James W

Purchase Details

Closed on
Jan 4, 2002
Sold by
Judy Ruben Bernard S and Judy Ruben
Bought by
Shannon James W and Shannon Kaye M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
5.68%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 26, 1996
Sold by
General Managers Partnership
Bought by
Judy Ruben Bernard S and Judy Ruben

Purchase Details

Closed on
Jul 18, 1995
Sold by
General Managers Partnership
Bought by
Judy Ruben Bernard S and Judy Ruben
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
Hildes Susan S $1,300,000 Old Republic Title Company
Blackie Bruce Lothian -- None Available
Smith Blackie Bruce Lothian $845,000 Fidelity National Title Co
Shannon James W -- None Available
Shannon James W -- --
Shannon James W -- Fidelity National Title Co
Shannon James W -- --
Shannon James W $637,500 North American Title Co
Judy Ruben Bernard S -- Old Republic Title Company
Judy Ruben Bernard S $335,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hildes Susan S $700,000
Previous Owner Shannon James W $250,000
Previous Owner Shannon James W $510,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/09/2021 03/09/21 Sold $1,300,000 -4.8% $728 / Sq Ft
12/10/2020 12/10/20 Pending -- -- --
05/15/2020 05/15/20 Price Changed $1,365,000 -6.8% $764 / Sq Ft
03/09/2020 03/09/20 For Sale $1,465,000 -- $820 / Sq Ft
Source: MLSListings

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 $16,287 $1,407,160 $422,148 $985,012
2023 $16,287 $1,352,520 $405,756 $946,764
2022 $16,646 $1,326,000 $397,800 $928,200
2021 $12,962 $1,000,142 $300,041 $700,101
2020 $12,395 $989,888 $296,965 $692,923
2019 $12,206 $970,480 $291,143 $679,337
2018 $11,478 $951,452 $285,435 $666,017
2017 $11,153 $932,797 $279,839 $652,958
2016 $11,003 $914,507 $274,352 $640,155
2015 $10,777 $900,771 $270,231 $630,540
2014 $10,532 $883,127 $264,938 $618,189
Source: Public Records

Agents Affiliated with this Home

  • Mark Johnson

    Seller's Agent in 2021

    Mark Johnson

    Coldwell Banker Realty

    (650) 685-7648

    37 Total Sales

    Mark Johnson
    Section Image
  • Thomas Werbe

    Buyer's Agent in 2021

    Thomas Werbe

    MW Properties, Inc.

    (650) 207-9168

    5 in this area

    19 Total Sales

    Thomas Werbe
    Section Image
  • Raymond Marino

    Buyer Co-Listing Agent in 2021

    Raymond Marino

    MW Properties, Inc.

    (650) 389-6682

    1 in this area

    4 Total Sales

    Raymond Marino
    Section Image
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About Gramercy On the Park

Map

Source: MLSListings

MLS Number: ML81785959

MLSListings

APN: 109-200-320

California San Mateo County San Mateo 94401 Downtown San Mateo

555 Laurel Ave Unit 502, San Mateo, CA

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