234 Madison Avenue, Redwood City, California 94061, Redwood City, 94061 - 3 bed, 2 bath
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Redwood City, California 94061
This Single Family Residence is a Strong Value Opportunity, listed at $1,895,000—positioned well below the $2,042,821 Fair Market Value by 7%. This valuation gap offers $147,821 in Instant Equity for the buyer. The property maintains a Good Condition Rating, featuring a charming 1930s cottage paired with a versatile 550 sq ft detached ADU. With its prime walkable location and dual-access lot, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking rental income potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 234 Madison Avenue Subject | $1,788,000* List Price | 3 | 2 | 2,130 | $890 | - |
A 467 Center Street Sold | $1,438,000 | 5 | 2 | 2,080 | $691 | 0.9 mi |
B 1172 Woodrow Street Sold | $1,850,000 | 3 | 2 | 1,900 | $974 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1930s cottage is well-maintained and move-in ready with significant updates. The kitchen features modern stainless steel appliances and stone countertops, while systems have been upgraded with a smart tankless water heater and EV-ready electrical service. Although the bathroom tiling appears older, the overall condition and the addition of a functional ADU place it firmly in the 'Good' category.
The property features a detached 550 sq ft one-bedroom ADU with its own gated entrance, garage, and utilities, providing significant potential for rental income, multi-generational living, or a private home office.
Boasting a 'no car required' lifestyle, the home is perfectly positioned for effortless access to downtown Redwood City’s vibrant dining, shopping, and Caltrain station, making it a premier choice for commuters.
The generous 6,600 sq ft lot offers rare dual access from both the front and a back alley, accommodating parking for four or more cars and providing enhanced accessibility for the ADU.
The primary residence is relatively small at approximately 1,050 sq ft with only one bathroom, which may be a limitation for growing families or buyers seeking a more spacious master suite.
Despite charming updates, the 1930s-era cottage features original plasterwork and older architectural elements that may require more specialized maintenance compared to modern construction.
A charming updated 1930s cottage, perfectly placed to enjoy Redwood City - no car required. The peaked roof and white picket fence set a cheerful tone for the character within: original plasterwork, restored hardwood floors, and vintage phone nooks telling the story of a home loved for almost a century. The appx. 1050 sq ft two-bedroom, one-bath layout is cozy and bright, with afternoon light pouring into the living and dining rooms. The front yard features raised garden boxes and mature peach, apricot, and lemon trees, while the quiet backyard patio is perfect for summer barbecues and outdoor dining. Huge lot with dual access from the front and back alley. A detached appx. 550 sq ft one-bedroom, one-bath ADU with separate automatic gated entrance, garage, laundry, and utilities offers flexibility as a guest suite, home office, or rental opportunity. Generous parking for four or more cars, upgraded electrical service for EV charging, and smart tankless water heater round out the practical upgrades. The lifestyle is the real draw: effortless access to Redwood Citys vibrant events, Caltrain, shopping, and dining - right outside your door.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,130 | 1,720 | 75% |
| Lot Size | 6,600 | 6,400 | 52% |
| Price | $1.79M | $2.23M | 14% |
| Price per sq ft | $839 | $1.4K | 4% |
| Built year | 1952 | 1952 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 100 | 3% |
Jun 12, 2026
$1,788,000
$1,895,000
-6% Price Drop
Initial Listing
May 25, 2026
$1,895,000
Initial Listing
Oct 11, 2013
$825,000
Public Record
Oct 11, 2013
$47,500
Public Record
May 22, 2007
$725,000
Public Record
Jun 23, 1999
$335,000
Public Record