1797 Pilgrim Avenue, Mountain View, California 94040, Mountain View, 94040 - 3 bed, 1 bath
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Mountain View, California 94040
This property presents a High-Potential Investment Opportunity with a List Price of $2,998,000—positioned above the $2,580,907 Fair Market Value. While the pricing reflects a premium for the land, the 8,600 square foot lot offers significant development potential in a prime location. Featuring a Condition Rating of 2 with a modern, renovated kitchen, the home provides immediate utility while awaiting expansion. Served by Top-Rated Schools like Los Altos High and Oak Avenue Elementary, this is an ideal acquisition for Custom Home Builders or Owner-Occupants seeking long-term value.
Property is new construction or fully renovated.
Although originally built in 1951, the property features a high-end, modern kitchen renovation (likely <5 years) with contemporary shaker cabinetry, quartz countertops, and updated stainless steel appliances. The home appears in mint, move-in ready condition with a well-maintained exterior and updated flooring, meeting the criteria for a recent renovation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8600, living area = 974.
Elementary School: Oak Avenue Elementary School (9/10). Middle School: Georgina P. Blach Junior High School (10/10).
Situated on the Mountain View/Los Altos border, the property offers unparalleled access to downtown Los Altos, Castro Street, and major Silicon Valley commuter routes.
With only 974 square feet of living area and a single bathroom, the current structure is undersized for modern family needs and the premium price point.
Priced near $3 million primarily for land value, the property requires substantial additional capital for the necessary remodeling or new construction.
A rare opportunity to expand, remodel, or build new on an 8,600 square foot lot in one of Mountain View's most centrally located pockets. The existing 3-bedroom, 1-bath home sits on a quiet, tree-lined street, with assigned schools including Bubb Elementary, Isaac Newton Graham Middle, and Los Altos High School (buyer to verify). The location anchors the value: positioned on the Mountain View / Los Altos border, you're minutes from the boutiques, cafes, and weekend farmers market of downtown Los Altos in one direction, and the restaurants and energy of downtown Mountain View's Castro Street in the other. Cuesta Park, Stevens Creek Trail, and Shoreline are close by for trails and open space. Daily essentials are handled by San Antonio Center and Whole Foods, and commuters have quick access to Caltrain, El Camino, Central Expressway, and the major routes connecting to Silicon Valley employers. A compelling combination of lot, location, and long-term upside.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-5 • 0.5 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 45% |
| Baths | 1.0 | 3.0 | 7% |
| Square foot | 974 | 1,975 | 3% |
| Lot Size | 8,600 | 7,950 | 72% |
| Price | $3.00M | $3.71M | 31% |
| Price per sq ft | $3.1K | $1.9K | 93% |
| Built year | 1951 | 1963 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 19 | 88 | 3% |
May 27, 2026
$2,998,000
Initial Listing
Dec 1, 2023
$2,500,000
Public Record