342 Kellogg Avenue, Palo Alto, California 94301, Palo Alto, 94301 - 5 bed, 4 bath
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Palo Alto, California 94301
Analysis of 342 Kellogg Avenue, Palo Alto, California 94301 is currently available with a list price of $18,888,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Palo Alto 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.
Property is moderate renovation needed.
Built in 1949, the home is over 75 years old. While the listing mentions a 'newly refreshed' interior, the photos reveal a highly dated kitchen with stenciled cabinetry and older appliances likely from a 30+ year old renovation. The property appears well-maintained and staged for immediate occupancy, but the age of the kitchen and architectural details indicate that systems and finishes are past their functional prime and require significant modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 26388, living area = 2859.
High School: Palo Alto High School (9/10).
Situated in the highly coveted Old Palo Alto neighborhood, the property is just steps from Elizabeth Gamble Garden and within walking distance to Stanford University and top-rated schools.
The existing structure features only a 1-car garage, which is uncharacteristically small for a luxury estate of this price point and may require significant modification to meet modern buyer expectations.
With a list price of nearly $19 million for a 2,859-square-foot home, the value is heavily weighted in the land, potentially making the current improvements feel secondary to the cost of acquisition.
Exceptional opportunity in a highly coveted block in Old Palo Alto with nearly two-thirds of an acre of level land just one-half block from Elizabeth Gamble Garden. The expansive grounds offer a wonderful sense of scale for the neighborhood with mature trees and established landscaping for privacy. The newly refreshed home features a flexible layout with two distinct wings and architectural styles wrapping around a central courtyard. There are 5 bedrooms and 4 full baths, including two en suite. A spacious living room, formal dining room, eat-in kitchen, and recreation room are featured along with an attached 1-car garage with laundry. Excellent Palo Alto schools, one-half block to private Castilleja School, and one-half mile from Stanford University. A rare offering with exceptional potential in a premier location.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.5 mi
Grades 6-8 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 74% |
| Baths | 4.0 | 3.0 | 56% |
| Square foot | 2,859 | 2,292 | 68% |
| Lot Size | 26,388 | 5,780.5 | 97% |
| Price | $18.89M | $4.29M | 94% |
| Price per sq ft | $6.6K | $2.2K | 97% |
| Built year | 1949 | 1935 | 56% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 100 | 3% |
May 14, 2026
$18,888,000
Initial Listing