4248 Rickeys Way H, Palo Alto, California 94306, Palo Alto, 94306 - 3 bed, 3 bath
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Palo Alto, California 94306
This Modern Palo Alto Townhouse is a High-Potential Investment Opportunity, listed at $1,948,000—positioned well below the $1,988,800 Fair Market Value by 2%. This valuation gap offers $40,800 in Instant Equity for buyers. Maintained in Good Condition, the 2008-built residence features soaring ceilings, a Granite Kitchen, and a desirable ground-floor bedroom. Located in the prestigious Palo Alto Unified School District near Henry M. Gunn High, it balances lifestyle luxury with low HOA-supported amenities. This is an ideal match for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4248 Rickeys Way H Subject | $1,948,000* List Price | 3 | 3 | 1,913 | $1,040 | - |
A 444 San Antonio Road 1a Sold | $1,800,000 | 3 | 3 | 1,826 | $986 | 0.9 mi |
B 4206 Rickeys Way C Sold | $1,885,000 | 3 | 2 | 1,563 | $1,206 | 0.1 mi |
C 4173 El Camino Real 11 Sold | $1,630,000 | 2 | 3 | 1,375 | $1,185 | 0.2 mi |
D 4173 El Camino Real 9 Active | $1,595,000 List Price | 2 | 3 | 1,375 | $1,160 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2008, this 18-year-old home is well-maintained and move-in ready. The kitchen and bathrooms feature functional granite countertops and original cabinetry in good condition. Recent updates include a new gas cooktop, hood, and fresh interior paint, placing it firmly in the 'Good' category for its age bracket.
High School: Henry M. Gunn High School (9/10).
The property is located within the prestigious Palo Alto Unified School District, providing access to top-rated schools including Henry M. Gunn High and Terman Middle School.
Built in 2008, this home features a contemporary open floor plan with soaring ceilings and a highly desirable ground-floor bedroom and full bath, ideal for guests or a home office.
The property has undergone a recent price reduction from its original list price, which may indicate initial overpricing or a cooling of buyer interest for this specific unit.
As a townhouse, the residence lacks a private backyard, relying instead on shared community areas, which may be a drawback for buyers seeking exclusive outdoor privacy.
Welcome to this charming 3-bedroom, 3-bathroom home. This residence offers a very open floor plan flooded with nature light and soaring high ceilings. One bedroom with full bathroom on the 1st level, spacious primary suite on the top level with a walk-in closet. The spacious living room seamlessly connects to the dining area, creating an inviting space for gatherings. Kitchen featuring a new 5-burner gas cooktop and a new hood. Granite countertops and a breakfast bar and stainless steel appliances make it perfect for culinary enthusiasts. Freshly painted interior, convenient in-home laundry area with a washer and dryer and an attached 2-car garage. The community amenities include a pool, play structure, BBQ/picnic area, green space and a clubhouse with a kitchen. Low HOA dues. Convenient location; close to Stanford University, shopping center and gourmet restaurants, excellent Palo Alto schools. This home is both practical and stylish. Don't miss the opportunity to make this Palo Alto gem your own.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-6 • 1.1 mi
Grades K-5 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,913 | 1,563 | 80% |
| Lot Size | - | 759 | 40% |
| Price | $1.95M | $1.89M | 60% |
| Price per sq ft | $1.0K | $1.2K | 40% |
| Built year | 2008 | 1993 | 60% |
| HOA | $346.0 | $540 | 40% |
| Days on market | 53 | 62 | 20% |
Apr 18, 2026
$1,948,000
$1,988,800
-2% Price Drop
Initial Listing
Feb 28, 2026
$1,988,800
Initial Listing
Jun 29, 2020
$255,000
Public Record
Nov 18, 2016
$313,000
Public Record
Apr 1, 2008
$1,032,000
Public Record