433 Monroe Drive, Palo Alto, California 94306, Palo Alto, 94306 - 3 bed, 2 bath
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433 Monroe Drive
Palo Alto, California 94306
ACTIVE
CONDITION: EXCELLENT
3Beds
2Baths
1,329Sq Ft
5,750Lot Size
Property Price
LIST PRICE$3,249,000
EST. MARKET VALUE
$3,093,633
5% AboveMARKET VALUE
SUMMARY
This Turnkey Single Family Residence is listed at $3,249,000, reflecting a premium valuation relative to its $3,093,634 Fair Market Value. While priced above current estimates, the property features a Condition Rating of 2, showcasing a comprehensive, permitted contemporary remodel with a modern chef’s kitchen and expansive entertaining deck. Situated in a premier Palo Alto location with access to top-rated schools and major tech hubs, the home offers a sophisticated lifestyle for discerning buyers. This property is an ideal acquisition for professional couples or owner-occupants seeking a move-in ready sanctuary.
Estimated Market Value
$3,093,633
Based on Realkey algorithm analyzing recent comparable sales in Palo Alto.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 433 Monroe Drive Subject | $3,249,000* List Price | 3 | 2 | 1,329 | $2,328 | - |
A 331 Carolina Lane Sold | $2,600,000 | 4 | 2 | 1,374 | $1,892 | 0.5 mi |
B 4133 Wilkie Way Sold | $3,327,000 | 3 | 2 | 1,596 | $2,085 | 0.5 mi |
C 4134 Wilkie Way Sold | $3,260,000 | 3 | 2 | 1,619 | $2,014 | 0.5 mi |
D 3609 South Court Sold | $2,958,000 | 3 | 2 | 1,175 | $2,517 | 0.9 mi |
E 3773 Redwood Circle Sold | $3,200,000 | 3 | 2 | 1,488 | $2,151 | 0.7 mi |
F 3645 Ramona Street Sold | $4,010,000 | 4 | 3 | 1,859 | $2,157 | 0.7 mi |
G 4186 Willmar Dr Active | $3,480,000 List Price | 3 | 2 | 1,415 | $2,459 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property has undergone a comprehensive contemporary remodel within the last 5 years, featuring a brand-new kitchen with quartz countertops and stainless appliances, updated bathrooms, new wide-plank flooring, and modern recessed lighting. The exterior, deck, and visible HVAC systems appear in mint condition, requiring no immediate maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Silicon Valley Location
Situated in a highly sought-after Palo Alto neighborhood with access to top-rated schools and proximity to Stanford University, major tech hubs, and vibrant downtown areas.
- Modern Permitted Remodel
The home features a sophisticated, permitted contemporary renovation including a chef’s kitchen with quartz countertops, wide-plank flooring, and stylishly updated bathrooms.
- Seamless Indoor-Outdoor Flow
Expansive entertaining decks accessible from both the kitchen and primary suite maximize the usable living space and capitalize on the desirable California climate.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- High Price Per Square Foot
With a list price of $3.249M for 1,329 square feet, the property commands a significant premium that may challenge appraisal values or budget-conscious buyers.
- Compact Living Area
The 1,329 square foot interior is relatively modest for a three-bedroom configuration, potentially limiting functional space for larger families or those requiring a home office.
About 433 Monroe Drive
Beautifully remodeled with permits, this 3-bedroom, 2-bath Palo Alto home blends sophisticated contemporary design, abundant natural light, and seamless indoor-outdoor living. The inviting living room features wide-plank flooring and a sleek modern fireplace, while the beautifully redesigned kitchen offers white cabinetry, quartz countertops, stainless steel appliances, generous storage, and an adjoining dining area opening directly to the rear deck. Three light-filled bedrooms and two stylishly remodeled bathrooms feature clean, contemporary finishes, with the spacious primary bedroom also offering direct deck access. A private backyard and expansive entertaining deck create an ideal setting for outdoor dining, gatherings, and relaxation. Ideally located in Palo Alto, with easy access to Stanford University, Downtown Palo Alto, Downtown Los Altos, and Mountain View's vibrant Castro Street. Enjoy nearby San Antonio Center, parks, shopping, dining, and Caltrain, along with convenient connections to Highways 101 and 280 and major Silicon Valley employers. Top-rated local schools further enhance this exceptional location, completing an outstanding combination of contemporary design, indoor-outdoor living, and the best of Silicon Valley.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1929
- Lot Size
- 5,750 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.3 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,329 | 1,689.34 |
| Lot Size | 5,750 | 7,261.56 |
| Price | $3.25M | $3.84M |
| Price per sq ft | $2.4K | $2.2K |
| Built year | 1929 | 1951 |
| HOA | $0 | $0 |
| Days on market | 20 | 30 |
Pricing History
Listed for Sale
Aug 20, 2026
$3,249,000
Initial Listing
Sold
Jun 21, 2018
$2,600,000
Public Record
Sold
Jan 8, 2004
$650,000
Public Record