Property Overview:
1059 Yates Way and 1053 Yates Way are condominium units in the Bay Meadows subdivision of San Mateo, CA 94403, built in 2000. Each features 2 bedrooms, 2.5/3 bathrooms, and 1,254 sq. ft. of living space. Both include a 2-car tandem garage, central heating and cooling, and double-pane windows.
- Estimated value (1059 Yates Way): $1,247,628 – $1,306,000
- Estimated value (1053 Yates Way): $770,003
- Last sold (1059 Yates Way): $499,500
- Below Market Value: Both properties are designated as Below Market Value through the City of San Mateo’s First Time Home Buyer Program (sale price and eligibility restrictions apply).
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 6% (lower than state average of 11.8%)
- Property crime risk: 6.6% (lower than state average of 10.8%)
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Schools:
- Nearby: Fiesta Gardens International Elementary, George Hall Elementary, Hillsdale High, Abbott Middle, The Nueva School – Upper School
- Average SAT score: 1076 (higher than state average of 975)
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Job Market:
- 67.9% white-collar jobs, 32.1% blue-collar jobs
- Unemployment rate: 2.5% (lower than state average of 4.7%)
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Demographics:
- Community population: 38,894 (7% growth since 2000)
- 64% families with children
- Largest age group: 35–44 years (16.07%)
- Second largest: 25–34 years (14.94%)
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Natural Disaster Risk:
- Moderate flood risk, low tornado risk, high earthquake risk
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Weather:
- Average temperature: 51.6°F (January), 70.5°F (July)
- Average rainfall: 20.4 inches/year
- Average snowfall: 0 inches/year
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Cost of Living:
- Median household income: $83,713
- Average annual spending: $61,232
Property Features:
- Townhome-style, 3-level layout with high ceilings and dual master bedroom suites
- Formal dining room, spacious kitchen with hardwood flooring
- Large living room with gas fireplace
- 2-car attached tandem garage with laundry facilities and extra storage
- Low HOA dues
- Double-pane windows throughout
- Prime location: Overlooks Saratoga Square Park and is within walking distance to Whole Foods, shops, restaurants, and Park Place Shopping Center
- Commuter-friendly: Easy access to Highways 92 & 101 and CalTrain
- First Time Home Buyer Program: Sale price, income, asset, rental, and deed restrictions apply
Location Benefits:
- Walkable to Whole Foods, Aladdin Market & Deli, India Grocery & Spice
- Nearby coffee shops: Starbucks, Peet’s Coffee and Tea, Blue Bottle Coffee
- Nearby restaurants: Village Hummus, Chipotle Mexican Grill, Shiki Japanese Restaurant
- Close to parks: Fiesta Meadows Park, Paddock Park, Lakeshore Park
- Ideal for families and first-time home buyers
- Tranquil atmosphere with park views and community amenities