304308 Redwood Avenue, Redwood City, California 94061, Redwood City, 94061 - 7 bed, 6 bath
304308 Redwood Avenue
Redwood City, California 94061
Property Price
SUMMARY
Analysis of 304308 Redwood Avenue, Redwood City, California 94061 reveals a property with a current list price of $2,988,000, which is 5% above the estimated $2,830,935 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Redwood City 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
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 304308 Redwood Avenue Subject | $2,988,000* List Price | 7 | 6 | 3,410 | $830 | - |
A 300 Encina Avenue Active | $2,298,000 List Price | 7 | 4 | 3,186 | $721 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This property features a brand-new 2025 modern construction and a second home that has been completely remodeled. The new build includes high-end Hansgrohe fixtures, a gourmet kitchen with stainless steel appliances, engineered flooring, and smart home features, while the second unit boasts a new roof, flooring, and updated kitchen/baths.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Development Potential
The rare R-4 zoning on a substantial 12,810 sqft lot provides a unique opportunity to build up to 10 homes or add multiple ADUs, offering massive upside for investors.
- Dual-Residence Income Stream
The property features two separate single-family homes, including a brand-new 2025 modern build and a remodeled unit currently generating $5,300 in monthly rental income.
- Prime Silicon Valley Location
Ideally situated near major tech hubs like Meta and Stanford, with convenient access to downtown Redwood City, Whole Foods, and major commuter highways 101 and 280.
CONSRISKS & DEFICIENCIES
- Neighborhood Transition
Being in a 'booming and renovating' area with high-density zoning may result in ongoing local construction noise and a shift in the immediate neighborhood's character.
- Increased Management Oversight
Maintaining two separate dwellings on a single lot requires more intensive property management and higher maintenance coordination than a standard single-family home.
About 304308 Redwood Avenue
Unique opportunity to own newly built SFH from empty land and an investment SFH on this rare 12,810 sqft. lot in booming and renovating Redwood City ##Rare R-4 zoning, can build up to 10 homes, or simply add 2 more ADUs to boost rental income. ##308 Redwood Ave(built 3/2025): **This modern two-story new home has detailed design with smart home features. 4 bedroom, 3.5 bathrooms with 2640 sqft including 2 car garage. **Open kitchen design with gourmet kitchen, stainless-steel appliances. **USA made engineering flooring throughout the house **Two master suites on each floor to have luxury living styles **High class Hansgrohe shower systems and faucets in the bathroom **Spacious master suite with customized walk-in closet, free-standing soaking tub, walk-in shower **Central heating and A/C **Fully paid solar systems and EV charger connection ##304 Redwood Ave($5300 rent): **3 bedroom, 2 bathroom with 1210 sqft for rental income **Complete remodeled bathrooms with AC **New flooring, new roof, new insulation **Remodeled kitchen with new appliances, cabinets and recess lights ##Great location: Close to Downtown Redwood City, Menlo Park, Palo Alto and Stanford, Meta **Easy access to Whole Foods, Target, Costco, Highway 280 and 101, Walking to YMCA, Parks and schools ** Virtually staged
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2025
- Lot Size
- 12,810 Sq. Ft.
Interior
- Total Bedrooms
- 7
- Total Bathrooms
- 6 (6 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
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 3.0 | 98% |
| Baths | 6.0 | 3.0 | 98% |
| Square foot | 3,410 | 1,880 | 92% |
| Lot Size | 12,810 | 6,222 | 95% |
| Price | $2.99M | $2.17M | 85% |
| Price per sq ft | $876 | $1.2K | 10% |
| Built year | 2025 | 1953 | 97% |
| HOA | $0 | $0 | 50% |
| Days on market | 29 | 141 | 2% |
Pricing History
Listed for Sale
Feb 6, 2026
$2,988,000
Initial Listing