829 Matadero Avenue, Palo Alto, California 94306, Palo Alto, 94306 - 4 bed, 2 bath
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Palo Alto, California 94306
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $3,988,000—positioned well below the $4,353,938 Fair Market Value by 8%. This valuation gap offers $365,938 in Instant Equity for the buyer. Featuring a Condition Rating of 2, the home includes a quartz-appointed kitchen and a creek-side deck. Located in the Palo Alto Unified district near Henry M. Gunn High School, this property is an ideal acquisition for discerning families or long-term investors seeking a premium, move-in ready asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 829 Matadero Avenue Subject | $3,988,000* List Price | 4 | 2 | 2,171 | $2,005 | - |
A 3151 Ramona Street Sold | $3,820,000 | 3 | 3 | 2,003 | $1,907 | 0.9 mi |
B 997 Ilima Way Sold | $3,420,000 | 4 | 2 | 1,478 | $2,314 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1948, the property has undergone a high-end contemporary renovation within the last 5 years. The kitchen features modern quartz countertops and stainless steel appliances, and the home boasts updated flooring, recessed lighting, and a primary suite in mint condition, requiring no immediate maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12632, living area = 2171.
High School: Henry M. Gunn High School (9/10).
Situated in the highly desirable Barron Park neighborhood, this property provides access to top-rated Palo Alto Unified schools, including Henry M. Gunn High, and is minutes from Bol Park and California Avenue.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =12632, other record lot size in square feet = 8043.
With four bedrooms but only two bathrooms, the home may lack the convenience and privacy expected by modern families or high-end buyers at this price point.
Originally constructed in 1948, the property may require more intensive maintenance or updates to its core systems compared to newer builds in the surrounding area.
This bright and inviting home offers nearly 2,200 square feet of thoughtfully designed living space in one of Palo Alto's most beloved neighborhoods. Light-filled interiors create an airy ambiance throughout, with a contemporary floorplan featuring a walk-out living room, a quartz-appointed kitchen that flows seamlessly into the dining room, and a welcoming family room beneath a vaulted ceiling. Four comfortable bedrooms provide flexibility for family living, including a serene primary suite with sliding glass doors opening to a private deck overlooking the creek that runs along the rear of the property. The gentle sounds of the water and the natural privacy created by the creek transform the backyard into a peaceful retreat rarely found in such a central location. Just moments from Bol Park, Barron Park donkeys, California Avenue, and highly regarded schools including Barron Park Elementary, this home offers the ideal balance of privacy, convenience, and Barron Park charm.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.5 mi
Grades 6-8 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,171 | 1,500 |
| Lot Size | 12,632 | 7,500 |
| Price | $3.99M | $3.80M |
| Price per sq ft | $1.8K | $2.2K |
| Built year | 1948 | 1950 |
| HOA | $0 | $0 |
| Days on market | 7 | 31 |
Jul 15, 2026
$3,988,000
Initial Listing