1065 Ray Avenue, Los Altos Hills, California 94022, Los Altos Hills, 94022 - 3 bed, 3 bath

1065 Ray Avenue, Los Altos Hills, California 94022 home-pic-0

1065 Ray Avenue

Los Altos Hills, California 94022

ACTIVE
CONDITION: GOOD
3Beds
3Baths
2,258Sq Ft
10,750Lot Size

Property Price

LIST PRICE$4,888,000
EST. MARKET VALUE
$5,109,395
4% BelowMARKET VALUE

SUMMARY

Analysis of 1065 Ray Avenue, Los Altos Hills, California 94022 reveals a Prime Investment Opportunity with a current list price of $4,888,000—significantly undercutting the $5,109,395 Fair Market Value by 4%. This valuation gap indicates a +$221,395 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Los Altos Hills Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$5,109,395 +$221,395 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Altos Hills.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
1065 Ray Avenue
Subject
$4,888,000*
List Price
332,258$2,263-
A
1023 Mercedes Avenue
Sold
$4,680,000431,975$2,3700.1 mi
B
659 Kingswood Way
Sold
$5,800,000422,284$2,5390.6 mi
C
439 Valencia Drive
Active
$4,498,000
List Price
432,212$2,0330.9 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

The property underwent a comprehensive down-to-the-studs rebuild approximately 15 years ago, which aligns with the 'good' condition criteria for renovations within 5 to 15 years. The home is move-in ready and features high-end finishes including a Wolf range, Sub-Zero refrigerator, granite countertops, and hardwood flooring throughout. While the aesthetic reflects the era of its renovation, the property has been 'lightly lived in' and shows minimal wear and tear, with all major systems appearing functional and well-maintained.

PROSSTRENGTHS & OPPORTUNITIES

  • High Available Lot Utilization

    The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10750, living area = 2258.

  • Prime Location & Privacy

    Situated at the end of a quiet cul-de-sac in highly desirable North Los Altos, the property offers exceptional privacy while remaining walking distance to top-rated schools and premium shopping at San Antonio Center.

  • Substantial Rebuild Quality

    Undergoing a comprehensive down-to-the-studs renovation approximately 15 years ago, the home features a modern primary suite and expanded family room, maintaining a high-quality feel due to being lightly lived in.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Living area discrepancy between mls listing and other public or private record. mls listing living area = 2258, other record living area = 1619.

  • Aging Renovation

    While the home was rebuilt to the studs, the finishes and systems are now 15 years old and may require cosmetic updates to meet the aesthetic expectations of modern luxury buyers.

  • High Price Per Square Foot

    At nearly $4.9M for 2,258 square feet of living space, the property commands a significant premium that may challenge buyers prioritizing interior volume over lot size and location.

About 1065 Ray Avenue

Privately tucked away at the end of a quiet cul-de-sac in highly desirable North Los Altos, this classic single-level ranch home offers privacy, comfort, and future potential on an expansive 10,750 sq ft lot with ADU possibilities. Approximately 15 years ago, the home underwent a comprehensive down-to-the-studs rebuild. Significant additions including the primary suite and expanded family room were completed during this renovation, resulting in the quality and feel of a substantially rebuilt residence. The home has also been lightly lived in as it was not the owners' primary residence. Designed for effortless living, the thoughtfully arranged floor plan features 3 bedrooms and 2.5 baths, with spacious living and dining areas, a large eat-in kitchen, and a welcoming family room that opens seamlessly to the backyard for ideal indoor-outdoor living. Ideally located just moments from The Village at San Antonio Center and a short walk to Village Court Shopping Center, with access to top-rated Los Altos schools, this property blends timeless charm, prime location, and enduring value in one of the Peninsulas most sought-after neighborhoods.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1952
Lot Size
10,750 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
3 (3 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.04.0
27%
Baths3.03.0
50%
Square foot2,2582,636
23%
Lot Size10,75014,510.5
35%
Price$4.89M$5.52M
31%
Price per sq ft$2.2K$2.0K
62%
Built year19521958
38%
HOA$0$0
50%
Days on market10158
4%

Pricing History

Listed for Sale

Feb 25, 2026

$4,888,000

Initial Listing

Sold

Dec 9, 2009

$980,000

Public Record

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