40 3rd Ave
San Mateo, CA 94402
2 bd 2 ba 2,400 sqft Built 1980 condos
Most recent sale
$2,600,000
Apr 25, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 25, 2022 | Sold | $2,600,000 | MLS #ML81883421 |
| Mar 22, 2022 | Listed | $2,398,000 | MLS #ML81883421 |
| Mar 25, 1981 | Sold | $409,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $208,552 | $95,711 | $304,263 | $5,574 |
| 2024 | $208,552 | $95,711 | $304,263 | $5,335 |
| 2023 | $1,856,400 | $795,600 | $2,652,000 | $31,675 |
| 2022 | $671,267 | $167,794 | $839,061 | $11,003 |
| 2021 | $658,105 | $164,504 | $822,609 | $10,650 |
| 2020 | $651,357 | $162,818 | $814,175 | $10,273 |
| 2019 | $638,586 | $159,626 | $798,212 | $9,919 |
| 2018 | $626,065 | $156,497 | $782,562 | $9,440 |
| 2017 | $613,790 | $153,429 | $767,219 | $9,381 |
| 2016 | $601,755 | $150,421 | $752,176 | $9,263 |
| 2015 | $592,717 | $148,162 | $740,879 | $9,171 |
| 2014 | $581,107 | $145,260 | $726,367 | $8,588 |
| 2013 | $578,481 | $144,604 | $723,085 | $8,521 |
| 2012 | $567,139 | $141,769 | $708,908 | $8,435 |
| 2011 | $556,019 | $138,990 | $695,009 | $8,199 |
| 2010 | $551,864 | $137,952 | $689,816 | $8,079 |
| 2009 | $553,176 | $138,280 | $691,456 | $7,994 |
| 2008 | $542,330 | $135,569 | $677,899 | $7,673 |
| 2007 | $531,697 | $132,911 | $664,608 | $7,458 |
Property facts
Year built
1980
Property type
condos
Stories
1
Beds
2
Baths
2
Living area
2,400 sqft
Lot size
—
ZIP code
94402
City
San Mateo
Street
3rd Ave
Coordinates
37.56243, -122.32727
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$15,600
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 40 3rd Ave last sell?
40 3rd Ave most recently sold on Apr 25, 2022 for $2,600,000.
What is the current tax assessment for 40 3rd Ave?
The most recent total assessment for 40 3rd Ave (year 2025) is $304,263 with $5,574 in property tax.
How does 40 3rd Ave's assessment compare to its last sale price?
The current assessment is 88.3% below the last sale price of $2,600,000.
When was 40 3rd Ave built?
40 3rd Ave was built in 1980.
How does 40 3rd Ave compare to others on 3rd Ave?
We track 8 other properties on 3rd Ave. Browse the list under "Other properties on 3rd Ave" to compare beds, baths, and sale history.
What are the property facts for 40 3rd Ave?
40 3rd Ave is a 2 bed, 2 bath, 2,400 sqft condos.
Is 40 3rd Ave a flip candidate?
No — 40 3rd Ave does not appear in our flips dataset.
Is 40 3rd Ave a tax-appeal candidate?
No — 40 3rd Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+0.9%
Implied 1-yr
+3.7%
2026 Q3
$2.71M
2026 Q4
$2.74M
ZIP 94402 — Median Price History + Forecast
Explore nearby
Geography
Other properties on 3rd Ave