464 Tennessee Lane Lane, Palo Alto, California 94306, Palo Alto, 94306 - 3 bed, 1 bath
464 Tennessee Lane Lane
Palo Alto, California 94306
Property Price
SUMMARY
Analysis of 464 Tennessee Lane Lane, Palo Alto, California 94306 reveals a Prime Investment Opportunity with a current list price of $1,988,000—significantly undercutting the $2,189,358 Fair Market Value by 9%. This valuation gap indicates a +$201,358 Instant Equity potential for buyers. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Palo Alto Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 464 Tennessee Lane Lane Subject | $1,988,000* List Price | 3 | 1 | 1,080 | $2,027 | - |
A 26 Roosevelt Circle Sold | $2,537,500 | 3 | 2 | 1,114 | $2,278 | 0.3 mi |
B 4065 2nd Street Sold | $2,408,000 | 3 | 1 | 1,050 | $2,293 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1951, this Eichler-style home is in largely original condition and requires substantial rehabilitation. The kitchen and bathroom feature dated mid-century fixtures, cabinetry, and appliances that are well beyond their expected lifespan. The listing explicitly suggests the property as a candidate to 'update, expand, or build new,' confirming that the infrastructure and finishes do not meet contemporary standards.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Henry M. Gunn High School (9/10).
- Significant Development Potential
The property offers a rare opportunity to expand or rebuild, with a lot that can accommodate up to 2,826 square feet of floor area plus an ADU, providing massive upside for investors or custom builders.
- Prime Cul-de-Sac Location
Situated at the end of a quiet cul-de-sac and within walking distance to Robles Park and top-rated schools like Henry M. Gunn High, the location is highly desirable for families seeking privacy and prestige.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6921, other record lot size in square feet = 7345.
- Limited Interior Living Space
At only 1,080 square feet with a single bathroom for three bedrooms, the current configuration is significantly undersized for the price point and modern family requirements.
- Dated Infrastructure
Built in 1951 and marketed as an 'as-is' or 'build new' opportunity, the property likely requires a total overhaul of major systems and finishes to meet contemporary standards.
About 464 Tennessee Lane Lane
Eichler style home with high ceilings at the end of a quiet cul-de-sac // Ample sized lot with mature trees // Enjoy as-is or update, expand, or build new // Lot will accommodate 2826 sf of floor area plus ADU // Proximate to shopping: Grocery Outlet [0.6 miles] and Charleston Center [1.0 miles] and parks: Robles Park [0.2 miles] and Mitchell Park and Library [0.9 miles]
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1951
- Lot Size
- 6,921 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Palo Alto Unified Schools
Juana Briones Elementary School
Grades K-5 • 0.6 mi
Santa Rita Elementary School
Grades K-6 • 1.3 mi
Gabriela Mistral Elementary
Grades K-5 • 2.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 32% |
| Baths | 1.0 | 3.0 | 6% |
| Square foot | 1,080 | 2,098 | 6% |
| Lot Size | 6,921 | 7,200 | 45% |
| Price | $1.99M | $3.60M | 3% |
| Price per sq ft | $1.8K | $1.7K | 52% |
| Built year | 1951 | 1953 | 39% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 170 | 3% |
Pricing History
Listed for Sale
Mar 4, 2026
$1,988,000
Initial Listing