
Redwood City, California 94061
This property presents a High-Potential Investment Opportunity with a List Price of $2,195,000—positioned well above the $2,126,133 Fair Market Value by -3%. While requiring a full rehab due to its Condition Rating of 5, the expansive 8,495 sq. ft. lot and proximity to the top-rated Roy Cloud Elementary School provide a solid foundation for value creation. This tri-level home offers a rare blank canvas for those looking to modernize a classic footprint. It is an ideal acquisition for Fix-and-Flip Investors or Owner-Occupants seeking to build long-term equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3815 Vineyard Drive Subject 4 bd · 3 ba · 2,060 sqft · $1,032 | $2,195,000* List Price | 4 | 3 | 2,060 | $1,032 | - |
A 1244 Dewey Street Sold 5 bd · 4 ba · 2,856 sqft · $884 · 0.9 mi | $2,525,000 | 5 | 4 | 2,856 | $884 | 0.9 mi |
B 2460 Edith Avenue Pending 4 bd · 2 ba · 2,090 sqft · $1,143 · 0.8 mi | $2,388,000 List Price | 4 | 2 | 2,090 | $1,143 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1960 and on the market for the first time, the home is in original condition and requires significant TLC. The bathroom features dated fixtures, a 30+ year old vanity, and original tiling, indicating the systems and interior need a full rehab to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8495, living area = 2060.
Situated in a highly desirable Redwood City neighborhood, the property is just 0.26 miles from the top-rated Roy Cloud Elementary School (Rating 8), offering significant appeal for families and long-term value.
As a first-time-to-market property with a spacious 2,060 sq. ft. tri-level layout, it presents a rare 'blank canvas' opportunity for buyers to renovate and build equity in a high-demand area.
The property is explicitly noted as needing 'TLC,' suggesting that substantial additional capital investment will be necessary to address deferred maintenance and cosmetic updates.
Being a 1960s original model home, the property likely requires significant upgrades to major systems, such as electrical, plumbing, and HVAC, to meet modern building standards and buyer expectations.
First time on the market! Originally one of the model homes, the family room area was expanded to add a bedroom on the lower level. Home needs some TLC, but what an opportunity to create one's own dream home in one of Redwood City's most desirable neighborhoods! The footprint for a two-tiered rear yard already exists. This is a rare opportunity in an area where homeowners are updating and upgrading their tri-level homes to meet the lifestyles of today's buyers.
No exterior & parking available.
Grades K-8 • 0.3 mi
Grades 5-8 • 0.9 mi
Grades K-8 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.5 |
| Baths | 3.0 | 2.5 |
| Square foot | 2,060 | 1,645.2 |
| Lot Size | 8,495 | 6,674.304 |
| Price | $2.19M | $2.26M |
| Price per sq ft | $1.1K | $1.3K |
| Built year | 1960 | 1952 |
| HOA | $0 | $281 |
| Days on market | 5 | 35 |
Oct 19, 2026
$2,195,000
Initial Listing