3991 Sutherland Drive, Palo Alto, California 94303, Palo Alto, 94303 - 4 bed, 2 bath
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Palo Alto, California 94303
This property presents a Strong Value Opportunity with a List Price of $2,598,000—positioned well below the $2,919,006 Fair Market Value by 10%. This valuation gap offers $321,006 in Instant Equity for buyers. Featuring a Condition Rating of 4, the home offers significant upside potential through modernization. Located in the Palo Alto Unified School District with Top-Rated Schools (9/10), this is a prime acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term wealth in a premier location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3991 Sutherland Drive Subject | $2,598,000* List Price | 4 | 2 | 1,363 | $2,142 | - |
A 792 E Meadow Drive Sold | $3,000,000 | 3 | 2 | 1,252 | $2,396 | 0.5 mi |
B 3839 Ross Road Sold | $3,185,000 | 3 | 2 | 1,631 | $1,953 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1951, the property is described as 'livable as is' with 'upside potential,' indicating it has not had a major renovation in over 20 years. While the home is well-maintained and staged, the dated fixtures, older sliding glass doors, and original architectural elements suggest that the kitchen, baths, and systems likely require modernizing to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9301, living area = 1363.
Elementary School: Fairmeadow Elementary School (9/10). Middle School: Jane Lathrop Stanford Middle School (9/10). High School: Henry M. Gunn High School (9/10).
Situated in a highly sought-after Palo Alto neighborhood, the property is steps from Mitchell Park and served by top-rated schools including Gunn High and JLS Middle, ensuring long-term value.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Built in 1951 and described as needing modernization, the property likely requires a substantial additional investment to update systems and finishes to contemporary standards.
At only 1,363 square feet for a 4-bedroom configuration, the interior living spaces may feel cramped and carry a high price-per-square-foot compared to modernized homes.
Live on an idyllic tree-lined street in a beautiful residential neighborhood known for convenience. This lovely home is steps from the top attractions for which Palo Alto is best known. Less than half mile from this charming property is the vibrant Mitchell District Park, spanning over 21 acres including a library, a community center, Adas Café and activities and outdoor recreation for every age. Enjoy adjacent award-winning schools, Piazzas fine foods market in the Charleston Shopping Center and easy commute access to the valleys major hi-tech employers including Google and Facebook. This location is the perfect investment for a long-term quality of life. The home is livable as is while offering upside opportunities for modernizing finishes. The peaceful back yard is perfect for al fresco dining with the mature foliage. Reimagine the oversized front yard as an additional outdoor living space or your incredible private second garden. A great home with upside potential in an A+ location.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades 6-8 • 0.6 mi
Grades 9-12 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 56% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,363 | 1,526 | 35% |
| Lot Size | 9,301 | 7,026.5 | 81% |
| Price | $2.60M | $3.23M | 31% |
| Price per sq ft | $1.9K | $1.9K | 48% |
| Built year | 1951 | 1954 | 41% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 115 | 4% |
May 26, 2026
$2,598,000
Initial Listing