1342 N Lemon Avenue, Menlo Park, California 94025, Menlo Park, 94025 - 5 bed, 3 bath
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Menlo Park, California 94025
This property presents a High-Potential Investment Opportunity with a List Price of $5,195,000—positioned above the $4,893,064 Fair Market Value. While the home requires significant modernization given its Condition Rating of 4, the expansive 10,071 sqft lot and prime location near Top-Rated Schools like Las Lomitas Elementary (10/10) provide a rare canvas for a custom estate. This asset is ideal for Value-Add Investors or Owner-Occupants looking to execute a high-end redevelopment in one of Menlo Park’s most prestigious neighborhoods.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1342 N Lemon Avenue Subject | $5,195,000* List Price | 5 | 3 | 2,420 | $2,022 | - |
A 1305 Santa Cruz Avenue Sold | $3,995,000 | 3 | 2 | 2,158 | $1,851 | 0.5 mi |
B 1785 Holly Ave Sold | $5,300,000 | 4 | 3 | 2,780 | $1,906 | 0.4 mi |
C 20 Politzer Drive Sold | $6,630,000 | 3 | 4 | 2,969 | $2,233 | 0.2 mi |
D 845 Magnolia Street Sold | $6,218,000 | 3 | 3 | 3,050 | $2,039 | 0.4 mi |
E 345 Vine Street Sold | $6,320,000 | 5 | 5 | 3,220 | $1,963 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1925, the home is well-maintained and functional but shows significant dating in key areas. While the bathroom and laundry room have been recently updated with modern tile and vanities, the kitchen features oak cabinetry, white tile countertops, and older appliances consistent with a 20+ year old renovation. The listing's suggestion to 'reimagine' or 'build your custom dream estate' highlights that the property is priced for land value and needs comprehensive modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10071, living area = 2420.
Elementary School: Las Lomitas Elementary School (10/10). High School: Henry M. Gunn High School (9/10).
Situated in a highly sought-after Menlo Park neighborhood with access to top-rated schools like Las Lomitas Elementary and Hillview Middle, ensuring long-term value and desirability.
Originally built in 1925, the home likely requires substantial updates to its core systems and interior finishes to meet modern luxury standards, necessitating a large additional capital investment.
At a list price of over $5.1M, the property is priced primarily for its land and location, which may be a barrier for buyers not looking for a major construction or renovation project.
Nestled on a fabulous 10,000sqft lot - this charming Craftsman-style home presents a rare canvas of endless opportunity. Whether you simply move in and enjoy the classic character, reimagine the existing structure with a modern remodel, or build your custom dream estate, the potential is unmatched. An inviting front porch welcomes you to the thoughtfully designed main level, offering effortless flow for everyday living. A sun-filled living room anchored by a cozy fireplace sets the tone, leading into a formal dining area and a cheerful breakfast room off the kitchen. This floor also features a large and convenient primary suite, along with an additional bedroom and bathroom, providing a flexible layout that works for a variety of needs. Downstairs adds significant space and versatility. You'll find three additional bedrooms, a full bathroom, & a spacious family room area ideal for guest quarters, a home office, or a dedicated media room. The lot provides a private oasis w/ plenty of room to roam and play. 2 car detached garage. Prime location, with access to highly regarded Menlo Park schools, this property is a rare find that combines a nostalgic feel with incredible future upside. This is a unique chance to plant roots in one of the Peninsulas most sought after neighborhoods.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-3 • 0.7 mi
Grades K-5 • 2.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,420 | 1,576 |
| Lot Size | 10,071 | 6,125 |
| Price | $5.20M | $3.40M |
| Price per sq ft | $2.1K | $1.8K |
| Built year | 1925 | 1955 |
| HOA | $0 | $175 |
| Days on market | 12 | 31 |
Jul 10, 2026
$5,195,000
Initial Listing
Jun 26, 2007
$1,675,000
Public Record
Nov 28, 2001
$1,150,000
Public Record
Dec 23, 1994
$444,000
Public Record