Introduction to 1100 Park Place, San Mateo, CA 94403
1100 Park Place, San Mateo, CA 94403 is a prominent residential property situated in the heart of San Mateo, a vibrant city in the San Francisco Peninsula. Known for its strategic location, suburban charm, and access to various amenities, this address has become a desirable destination for families, professionals, and investors alike. The property embodies the quintessential California lifestyle, offering a blend of comfort, convenience, and community appeal. In this article, we explore the details of 1100 Park Place, its surroundings, real estate market insights, and what makes this address stand out in San Mateo.
Location and Neighborhood Overview
Geographical Context
1100 Park Place is situated in a well-established neighborhood of San Mateo, placing residents within easy reach of major commuting routes, retail centers, parks, and schools. The address is conveniently located near Highway 92 and U.S. Route 101, facilitating quick access to San Francisco, the South Bay, and other parts of the Peninsula. Its proximity to public transportation options, including Caltrain stations, further enhances its appeal for commuters.
Community and Lifestyle
The neighborhood around 1100 Park Place boasts a diverse and family-friendly community. It is characterized by tree-lined streets, well-maintained parks, and a range of housing styles from single-family homes to modern condos. The local vibe emphasizes a blend of suburban tranquility with urban amenities, making it perfect for those seeking a balanced lifestyle.
Local Amenities and Attractions
- Shopping: The Hillsdale Shopping Center and Bay Meadows Shopping Center are nearby, offering retail stores, dining options, and entertainment.
- Dining: A variety of restaurants and cafes are accessible, featuring cuisines from around the world.
- Recreation: Parks such as Central Park and Sawyer Camp Trail provide outdoor activities like hiking, biking, and picnicking.
- Education: The neighborhood is served by highly rated public schools, including San Mateo-Foster City School District and nearby private options.
- Healthcare: Several medical facilities, including Kaiser Permanente and local clinics, are within minutes.
Property Details and Features
Type of Property
The property at 1100 Park Place is primarily residential, with options including single-family homes, townhomes, and condos. Its architecture reflects a mix of styles, from mid-century modern to contemporary designs, catering to diverse preferences.
Architectural and Interior Features
Properties in this area often feature:
- Open floor plans with spacious living areas
- Updated kitchens with modern appliances and granite countertops
- Hardwood flooring, carpeting, or tile finishes
- Multiple bedrooms and bathrooms, often with en-suite options
- Private yards or outdoor spaces for relaxation and entertaining
- Attached garages or carports
Recent Market Trends
The real estate market around 1100 Park Place has shown resilience and growth over recent years. The demand for homes in San Mateo remains high due to its strong local economy, quality schools, and proximity to tech hubs like Silicon Valley. As a result, property values have appreciated steadily, making it an attractive investment opportunity.
Real Estate Investment and Market Insights
Current Market Conditions
As of 2023, San Mateo's real estate market continues to favor sellers, driven by limited inventory and high buyer demand. Median home prices in the area have increased significantly over the past five years, with properties around 1100 Park Place often commanding premium prices due to their desirable location.
Pricing Overview
- Average listing price for homes in the vicinity ranges from $1.5 million to over $2.5 million, depending on size, condition, and features.
- Homeowners who have recently sold properties in this neighborhood have seen appreciation rates of approximately 8-12% annually.
- Market analysis indicates a strong potential for future appreciation, making it a lucrative investment for both owner-occupants and investors.
Factors Influencing Property Values
- Proximity to tech companies and employment hubs
- Quality of local schools and educational institutions
- Access to transportation infrastructure
- Neighborhood safety and community amenities
- Property condition and upgrades
Living in 1100 Park Place: Advantages and Considerations
Advantages
- Convenient Location: Easy access to major highways, public transit, and local amenities.
- Community Amenities: Proximity to parks, shopping centers, and recreational facilities.
- Educational Opportunities: Access to top-rated schools and educational programs.
- Safety and Security: Low crime rates typical of the San Mateo area.
- Investment Potential: Strong appreciation trends and high demand.
Considerations
- High property prices may be a barrier for first-time buyers.
- Limited inventory can lead to competitive bidding situations.
- Cost of living in San Mateo is higher than the national average.
- Potential for increased property taxes due to rising home values.
Future Developments and Community Growth
Upcoming Projects and Urban Development
San Mateo continues to evolve with new projects aimed at enhancing community infrastructure, public transportation, and local commerce. Notable initiatives include the Bay Meadows redevelopment, which transforms former industrial lands into a mixed-use community with residential, retail, and recreational spaces.
Impact on 1100 Park Place
These developments are likely to boost property values, improve neighborhood amenities, and attract new residents. The focus on sustainable and smart urban planning aligns with the area's growth trajectory, making 1100 Park Place an even more desirable address in the future.
Conclusion
In summary, 1100 Park Place, San Mateo, CA 94403 stands out as a prime residential location offering a compelling mix of accessibility, community amenities, and investment potential. Its strategic position within San Mateo's thriving neighborhood makes it an appealing choice for those seeking a high quality of life in the San Francisco Peninsula. Whether you are a prospective homeowner, investor, or simply exploring the local real estate landscape, understanding the nuances of this address provides valuable insight into the dynamic San Mateo housing market and its promising future.
Frequently Asked Questions
What are the nearby amenities and attractions around 1100 Park Place, San Mateo, CA 94403?
The area around 1100 Park Place in San Mateo offers parks, shopping centers, dining options, and easy access to public transportation, making it a convenient location for residents seeking urban amenities.
What is the current real estate market trend for homes around 1100 Park Place, San Mateo?
The San Mateo real estate market is experiencing steady growth with increasing home values and high demand, reflecting a competitive market for properties near 1100 Park Place.
Are there any recent renovations or features that make 1100 Park Place stand out?
Details about specific renovations at 1100 Park Place are not publicly available, but homes in this area typically feature modern updates, spacious layouts, and quality finishes.
What schools serve the neighborhood around 1100 Park Place, San Mateo?
The neighborhood is served by highly rated schools in the San Mateo-Foster City School District, including local elementary, middle, and high schools known for strong academics.
Is 1100 Park Place a good investment opportunity in San Mateo?
Given the area's strong real estate market, proximity to tech hubs, and desirable community features, properties like 1100 Park Place are considered good investment opportunities.
What is the typical price range for homes near 1100 Park Place, San Mateo, CA 94403?
Home prices in the vicinity of 1100 Park Place generally range from approximately $1.2 million to over $2 million, depending on the size, condition, and specific location of the property.
