444 Matadero Avenue, Palo Alto, California 94306, Palo Alto, 94306 - 3 bed, 1 bath
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Palo Alto, California 94306
This property presents a High-Potential Investment Opportunity with a List Price of $2,500,000—positioned well below the $2,623,535 Fair Market Value by 4%. This valuation gap offers $123,535 in Instant Equity for buyers. Featuring a 6,000 sq. ft. lot and a detached rear unit, the home has a Poor Condition Rating, requiring significant renovation. Located in the Palo Alto Unified school district, this is a strategic acquisition ideal for Fix-and-Flip Investors or Owner-Occupants seeking to customize a prime Palo Alto asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 444 Matadero Avenue Subject | $2,500,000* List Price | 3 | 1 | 1,476 | $1,777 | - |
A 941 College Avenue Sold | $3,130,000 | 3 | 2 | 1,623 | $1,929 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1948 and showing no signs of modern renovation, this property is over 75 years old. The interior features dated carpeting, old windows, and basic fixtures. The listing description's focus on 'future potential' and a 'blank canvas' confirms the home requires a total rehab to meet modern standards, placing it in the poor category despite being well-maintained.
Situated in a highly desirable Palo Alto pocket, the property offers access to top-tier, award-winning schools and is minutes from major tech campuses and upscale amenities.
The 6,000 sq. ft. rectangular lot provides a perfect blank canvas for expansion or customization, offering significant upside for developers or owner-users.
The inclusion of a detached rear unit adds valuable flexible space, ideal for a private home office, personal gym, or guest retreat.
With only one bathroom serving three bedrooms, the current configuration may be insufficient for modern family needs and could impact daily convenience.
Built in 1948, the home likely requires substantial modernization or structural updates to meet the expectations of contemporary luxury buyers in this price bracket.
Meticulously cared for and full of timeless charm, this beautifully maintained Palo Alto home sits on a premier 6,000 sq. ft. rectangular lot, offering a perfect blank canvas to customize your dream space. The main residence is bright and inviting, complemented by a serene backyard featuring a cozy detached rear unit ideal for a private home office, personal gym, or bonus retreat. Located in an ultra-convenient, central pocket, you are minutes away from top tech campuses, major commute routes, upscale dining, and premier shopping centers. Complete with access to top-tier, award-winning Palo Alto schools, this versatile property delivers an unbeatable combination of prime location and exceptional future potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,476 | 1,500 |
| Lot Size | 6,000 | 7,500 |
| Price | $2.50M | $3.80M |
| Price per sq ft | $1.7K | $2.2K |
| Built year | 1948 | 1950 |
| HOA | $0 | $0 |
| Days on market | 12 | 31 |
Jul 10, 2026
$2,500,000
Initial Listing
Jun 30, 1999
$551,000
Public Record