343 Maclane Street, Palo Alto, California 94306, Palo Alto, 94306 - 3 bed, 1 bath
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343 Maclane Street
Palo Alto, California 94306
ACTIVE
CONDITION: TEAR DOWN
3Beds
1Baths
1,050Sq Ft
5,950Lot Size
Property Price
LIST PRICE$2,649,000
EST. MARKET VALUE
$2,611,040
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $2,649,000—positioned well below the $2,611,040 Fair Market Value by -1.4%. While the home carries a Condition Rating of 6, the significant land-to-structure ratio on this 5,950 sqft lot offers substantial development potential in the elite Palo Alto Unified School District. Given the functional obsolescence of the 1,050 sqft layout, this asset is best suited for Value-Add Investors or Owner-Occupants planning a strategic rebuild to maximize long-term appreciation in a prime Silicon Valley location.
Estimated Market Value
$2,611,040
Based on Realkey algorithm analyzing recent comparable sales in Palo Alto.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 343 Maclane Street Subject 3 bd · 1 ba · 1,050 sqft · $2,487 | $2,649,000* List Price | 3 | 1 | 1,050 | $2,487 | - |
A 4250 Ruthelma Sold 3 bd · 1 ba · 1,040 sqft · $2,788 · 0.5 mi | $2,900,000 | 3 | 1 | 1,040 | $2,788 | 0.5 mi |
B 4175 Coulombe Dr Sold 3 bd · 1 ba · 1,211 sqft · $2,242 · 0.7 mi | $2,715,000 | 3 | 1 | 1,211 | $2,242 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
The property was built in 1952 (over 70 years old) with no evidence of major renovations. Given the small 1,050 sqft living space and the $2.6M+ price point in Palo Alto, the value is primarily in the land. The exterior shows significant aging and lack of recent maintenance, fitting the criteria for a property over 50 years old with no updates.
PROSSTRENGTHS & OPPORTUNITIES
- Elite School District
The property is located within the highly acclaimed Palo Alto Unified School District, a primary driver for property value and a major draw for families seeking top-tier education.
- Significant Development Potential
With a 5,950-square-foot lot and a modest 1,050-square-foot existing structure, there is substantial room for expansion or a complete rebuild to maximize the site's value.
- Prime Silicon Valley Location
Situated in a highly desirable Palo Alto neighborhood, the property offers excellent long-term appreciation potential and proximity to major technology employers and upscale amenities.
CONSRISKS & DEFICIENCIES
- Functional Obsolescence
The residence features only one bathroom for three bedrooms, which is a significant drawback for modern families and may necessitate immediate remodeling to improve utility.
- Limited Living Space
At just 1,050 square feet, the interior footprint is quite small for a single-family home at this price point, resulting in a high price-per-square-foot ratio.
About 343 Maclane Street
This is a 1031 exchange. Seller desires a quick sale and a short COE. Property is occupied and livable, but needs major remodel or replacement. Level lot in neighborhood with several larger homes. Good upside for developer.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1952
- Lot Size
- 5,950 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 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 |
|---|---|---|
| Beds | 3.0 | 3.5 |
| Baths | 1.0 | 2.4 |
| Square foot | 1,050 | 1,780.218 |
| Lot Size | 5,950 | 7,183.641 |
| Price | $2.65M | $3.95M |
| Price per sq ft | $2.5K | $2.2K |
| Built year | 1952 | 1952 |
| HOA | $0 | $0 |
| Days on market | 8 | 30 |
Pricing History
Listed for Sale
Oct 16, 2026
$2,649,000
Initial Listing