
Palo Alto, California 94303
This Spacious South Palo Alto Residence is listed at $4,298,000, representing market-aligned stability relative to its $4,298,000 Fair Market Value. Boasting a Condition Rating of 4, the home is well-maintained yet offers a prime canvas for modernization within the elite Palo Alto Unified School District, including Henry M. Gunn High School. The versatile 2,503 sqft layout features a separate-entrance suite and a glassed-in courtyard, situated on an expansive 9,330 sqft lot near Mitchell Park. This property is a premier lifestyle acquisition for Growing Families or Visionary Owner-Occupants seeking academic excellence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 701 Christine Drive Subject | $4,298,000* List Price | 3 | 3 | 2,503 | $1,717 | - |
A 3141 David Court Sold | $3,600,000 | 3 | 2 | 1,667 | $2,160 | 0.6 mi |
B 3839 Ross Road Sold | $3,185,000 | 3 | 2 | 1,631 | $1,953 | 0.5 mi |
C 3786 Corina Way Pending | $3,499,999 List Price | 4 | 3 | 2,506 | $1,397 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1980 (44 years old), the home is well-maintained but significantly dated. The kitchen features original oak cabinetry and tile countertops, and the family room retains 1980s-era wood paneling. While functional and move-in ready, the property requires modernization of the kitchen, bathrooms, and likely aging systems to meet current market standards.
Middle School: Jane Lathrop Stanford Middle School (9/10). High School: Henry M. Gunn High School (9/10).
The property is situated within the prestigious Palo Alto Unified School District, offering access to top-rated institutions including Henry M. Gunn High School and Jane Lathrop Stanford Middle School.
The 2,503 sqft layout includes a separate entrance for a bedroom/bathroom suite and an upstairs loft, providing excellent flexibility for multi-generational living, guests, or a home office.
The property has seen multiple significant price reductions from its original list price of $4.998M down to $4.298M, suggesting a struggle to find market equilibrium or initial overvaluation.
Built in 1980, the home may require substantial modern updates to its systems and finishes to compete with the contemporary luxury standards typical of the Palo Alto market.
Wonderful South Palo Alto location. In the district of great schools, including Gunn High School. Close by Mitchell Park/Library, the Ball Park, many churches, shops, medical services and restaurants. Lovely tree-lined street in a desirable neighborhood. Dining room, living room, family room, fireplace. Three bedrooms and three bathrooms, plus an upstairs loft area for use as a bedroom or other. The back bedroom and bathroom can be closed off and have a separate entrance. Lots of storage, built-ins, and a large dedicated laundry room. Mostly hardwood floors throughout the home, and almost all on a single level. Glassed in courtyard off of the dining and family rooms. Large 2-car garage has a shop bench and storage cabinets. The empty lot next door adds additional privacy. The lot is not for sale or included in the purchase of this home. 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 64% |
| Square foot | 2,503 | 1,520 | 88% |
| Lot Size | 9,330 | 6,490 | 80% |
| Price | $4.30M | $3.13M | 80% |
| Price per sq ft | $1.7K | $1.8K | 48% |
| Built year | 1980 | 1953 | 84% |
| HOA | $0 | $0 | 50% |
| Days on market | 182 | 147 | 68% |
Apr 19, 2026
$4,298,000
$4,488,000
-4% Price Drop
Initial Listing
Mar 20, 2026
$4,488,000
$4,998,000
-10% Price Drop
Initial Listing
Oct 22, 2025
$4,998,000
Initial Listing