4158 Baker Avenue, Palo Alto, California 94306, Palo Alto, 94306 - 2 bed, 1 bath
Loading property details...
Palo Alto, California 94306
This property presents a High-Potential Investment Opportunity with a List Price of $2,988,000—positioned slightly above the $2,900,256 Fair Market Value. While the current Condition Rating of 5 reflects a dated 905-square-foot structure, the 7,696 sqft lot offers significant New Construction Potential in the prestigious Barron Park enclave. Located within the Palo Alto Unified School District near Gunn High School, this asset is ideal for Custom Home Builders or Owner-Occupants seeking to maximize land value through a total redevelopment project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4158 Baker Avenue Subject | $2,988,000* List Price | 2 | 1 | 905 | $3,205 | - |
A 4250 Ruthelma Sold | $2,900,000 | 3 | 1 | 1,040 | $2,788 | 0.5 mi |
B 4065 2nd Street Sold | $2,620,000 | 3 | 1 | 1,050 | $2,495 | 0.5 mi |
C 4287 Wilkie Way Sold | $3,201,000 | 3 | 2 | 1,222 | $2,619 | 0.5 mi |
D 3420 Orinda Street Sold | $3,110,000 | 2 | 2 | 1,200 | $2,592 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1949, this 75-year-old property is primarily marketed for its land value and new construction potential. While the interior has been cosmetically refreshed with paint and newer appliances to allow for rental occupancy, the kitchen tile, cabinetry, and overall infrastructure are significantly dated (30+ years), and the detached structure shows signs of neglect, typical of a property requiring a full rehab or replacement.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7696, living area = 905.
High School: Henry M. Gunn High School (9/10).
The property boasts a spacious lot of nearly 7,700 square feet, providing a rare and exceptional canvas for building a large-scale custom luxury home in a premier Palo Alto neighborhood.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
The current 905-square-foot, 2-bedroom, 1-bathroom residence is quite small for the price point, likely requiring a total teardown or massive expansion to realize the property's full market potential.
With a list price of nearly $3 million for a modest 1949 home, the value is almost entirely in the land, necessitating a buyer with significant additional capital for construction or major renovations.
A rare opportunity to build a custom dream home in Palo Alto's highly sought-after Barron Park area. Set on a spacious lot of nearly 7,700 square feet, this property offers exceptional potential for new construction while also featuring a charming 2-bedroom home that is well-suited for immediate occupancy or rental income. Enjoy a lifestyle defined by tree-lined streets, neighborhood parks, and easy access to beloved local amenities including Bol Park, the Bol Park Path, and the iconic Barron Park donkeys. Conveniently located near shopping and dining at The Village at San Antonio Center, with access to top-ranked Briones Elementary, Fletcher Middle, and Gunn High School, as well as major commute routes to destinations throughout Silicon Valley, this property presents an outstanding opportunity to create something truly special in one of Palo Alto's most desirable enclaves.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.6 mi
Grades 6-8 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 905 | 1,500 |
| Lot Size | 7,696 | 7,500 |
| Price | $2.99M | $3.80M |
| Price per sq ft | $3.3K | $2.2K |
| Built year | 1949 | 1950 |
| HOA | $0 | $0 |
| Days on market | 7 | 31 |
Jul 15, 2026
$2,988,000
Initial Listing
May 15, 2015
$2,258,000
Public Record