
Palo Alto, California 94303
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $3,998,000—positioned above the $3,839,261 Fair Market Value. While the property requires cosmetic updates, its Condition Rating of 4 and expansive 9,330 sq. ft. lot provide a solid foundation for value-add renovations. Located in the prestigious Palo Alto Unified School District with proximity to Henry M. Gunn High School, this home offers long-term stability. It is an ideal acquisition for Value-Add Investors or Owner-Occupants looking to customize a premier Palo Alto property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 701 Christine Drive Subject | $3,998,000* List Price | 3 | 3 | 2,503 | $1,534 | - |
A 3786 Corina Way Sold | $3,450,000 | 4 | 3 | 2,506 | $1,377 | 0.5 mi |
B 3845 Grove Court Active | $4,250,000 List Price | 4 | 2 | 2,275 | $1,868 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1980, this 44-year-old home is functional but dated. The kitchen features older oak cabinetry and tile countertops with wide grout lines, and the interior doors and finishes appear original. While well-maintained and move-in ready, it requires significant cosmetic updates to the kitchen and bathrooms to meet modern standards.
Middle School: Jane Lathrop Stanford Middle School (9/10). High School: Henry M. Gunn High School (9/10).
The property is zoned for the prestigious Palo Alto Unified School District, including top-rated Henry M. Gunn High School and Jane Lathrop Stanford Middle School, which are major drivers for long-term property value.
Boasting a 9,330 sq. ft. lot, this residence offers a significantly larger footprint than many neighboring properties in South Palo Alto, providing ample space for outdoor entertaining or future expansion.
At a list price of nearly $4 million, a three-bedroom configuration may be perceived as a limitation for buyers seeking a higher bedroom count or dedicated guest and office spaces at this luxury tier.
Built in 1980 and featuring a mix of carpet and tile, the interior likely requires significant cosmetic updates or a full remodel to align with the contemporary luxury standards expected in Silicon Valley.
Wonderful South Palo Alto location, this 3-bedroom, 3-bathroom home offers 2,503 sq. ft. of living space on a 9,330 sq. ft. lot. The interior features a combination of carpet, tile, and wood flooring. The layout includes a formal dining room as well as a dining area within the kitchen/family room combo. The primary bedroom has a full bathroom with a tub, and there are two additional full bathrooms. Additional amenities include fireplaces and central forced air heating. Laundry facilities are conveniently located inside the home and include a tub/sink and washer/dryer. The property also offers a spacious two-car garage. This residence is part of the Palo Alto Unified elementary school district which includes Gunn High School. Attractive pavers line the driveway.
No exterior & parking available.
Grades 6-8 • 0.3 mi
Grades 9-12 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,503 | 1,500 |
| Lot Size | 9,330 | 7,500 |
| Price | $4.00M | $3.80M |
| Price per sq ft | $1.6K | $2.2K |
| Built year | 1980 | 1950 |
| HOA | $0 | $0 |
| Days on market | 16 | 31 |
Jul 6, 2026
$3,998,000
Initial Listing