361 Marmona Drive, Menlo Park, California 94025, Menlo Park, 94025 - 3 bed, 1 bath
Loading property details...
Menlo Park, California 94025
This property represents a Strong Value Opportunity, listed at $2,498,000—positioned well below the $2,306,965 Fair Market Value by -8%. While the home is in Condition Rating 3, it features modern upgrades like a tankless water heater and newer furnace. The expansive 6,500 sq. ft. corner lot offers significant Development Potential for a new residence and ADU. Located in a top-tier school district, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to leverage land value in a prime Menlo Park neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 361 Marmona Drive Subject | $2,498,000* List Price | 3 | 1 | 980 | $2,354 | - |
A 217 Mckendry Drive Sold | $2,505,000 | 3 | 1 | 1,150 | $2,178 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1944, the property has undergone significant renovations within the last 5-15 years. The kitchen is updated with modern shaker cabinets, subway tile, and stainless steel appliances. Key systems are modernized with a newer furnace, tankless water heater, and double-pane windows, making it a well-maintained, move-in ready home.
Situated in a highly sought-after Menlo Park neighborhood, the property is zoned for top-tier schools and offers proximity to Stanford University and downtown Palo Alto.
The expansive 6,500 square foot corner lot provides a rare opportunity to build a new luxury residence plus a detached ADU in an area surrounded by multi-million dollar homes.
The home features essential modern improvements including hardwood floors, double-pane windows, a tankless water heater, and a newer furnace, ensuring immediate functionality.
At only 980 square feet with a single bathroom, the current footprint is undersized for the price point and may not meet the needs of modern families without expansion.
The list price reflects premium land value rather than the existing structure, necessitating a high entry cost for what is essentially a entry-level sized home.
Welcome home to 361 Marmona Drive, a solid, updated 3-bedroom, 1-bath in one of Menlo Park's most sought-after neighborhoods. Inside, you'll find hardwood floors throughout, double-pane windows, a tankless water heater, and a newer furnace, all the practical upgrades that make day-to-day living easy, paired with a bright, functional layout that's move-in ready today. Set on an expansive 6,500 square foot corner lot, the property offers real outdoor space that's hard to find this close to town. A pair of palm trees anchor the front yard, while the backyard is home to a mature collection of fruit trees, including lemon, persimmon, pomegranate, fig, and apple, along with plenty of room to garden, entertain, or simply relax. Surrounded by homes valued well into the multi-million dollar range, this corner lot also presents a rare opportunity: build a new single-family home plus a detached ADU, subject to buyers' independent verification of current zoning and code requirements with the City of Menlo Park. Zoned for Laurel Elementary and the Menlo Park school system, and just minutes to Stanford, downtown Palo Alto, and downtown Menlo Park's Santa Cruz Avenue, with parks, trails. A well-located home with room to grow, in a neighborhood that rarely turns over.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 980 | 1,576 |
| Lot Size | 6,565 | 6,125 |
| Price | $2.50M | $3.40M |
| Price per sq ft | $2.5K | $1.8K |
| Built year | 1944 | 1955 |
| HOA | $0 | $175 |
| Days on market | 9 | 31 |
Jul 13, 2026
$2,498,000
Initial Listing
Jul 22, 2020
$2,146,500
Public Record
Dec 20, 2016
$1,710,000
Public Record
Feb 10, 2015
$1,475,000
Public Record