Opportunity knocks in Palo Alto. Situated on a large corner lot, this home is a true fixer-upper with significant value-add potential. Ideal for investors, developers, or end users looking to renovate, expand, or build new, this property offers a rare chance to create substantial upside in a high-demand market. Located within the boundaries of highly regarded Palo Alto schools, the long-term value here is undeniable. Surrounded by a mix of updated and original homes, this is an excellent opportunity to capitalize on location, lot size, and future potential. Close to parks, shopping, and key commute routes.
Sold for $3,270,000
$3,270,000
3868 Louis Rd, Palo Alto, CA 94303
3beds
1,421sqft
Single Family Residence, Residential
Built in 1956
7,700 Square Feet Lot
$3,308,100 Zestimate®
$2,301/sqft
$7,145 Estimated rent
Home value
$3,308,100
$3.14M - $3.47M
$7,145/mo
Zestimate® history
Owner options
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$7,145/mo
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$7,145/mo
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$20,537/mo
Est. payment
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$20,537/mo
Est. payment
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List your homeWhat's special
Large corner lot
Zillow last checked:
Listing updated:
Listed by:
Sandy Jamison 01847009 408-214-8821,
Tuscana Properties 888-584-2084,
The Jamison Team 70010132 408-214-8821,
Tuscana Properties
Bought with:
Sumeet Mittal, 02223864
Pellego
Source: MLSListings Inc,MLS#: ML82044450
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Dining room
- Features: NoFormalDiningRoom
Family room
- Features: KitchenFamilyRoomCombo
Heating
- Central Forced Air
Cooling
- None
Appliances
- Included: Dishwasher, Electric Oven, Refrigerator, Washer/Dryer
Features
- Flooring: Carpet, Hardwood, Vinyl Linoleum
- Number of fireplaces: 1
- Fireplace features: Two Way, Wood Burning
Interior area
- Total structure area: 1,421
- Total interior livable area: 1,421 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached
- Attached garage spaces: 2
Features
- Stories: 1
Lot
- Size: 7,700 sqft
Details
- Parcel number: 12757022
- Zoning: R1B8
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence, Residential
Materials
- Foundation: Concrete Perimeter and Slab
- Roof: TarGravel
Condition
- Fixer
- New construction: No
- Year built: 1956
Utilities & green energy
- Gas: PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public Utilities, Water Public
Community & neighborhood
Location
- Region: Palo Alto
Other
Other facts
- Listing agreement: ExclusiveRightToSell
- Listing terms: CashorConventionalLoan
Price history
| Date | Event | Price |
|---|---|---|
| 6/1/2026 | Sold | $3,270,000+5.5%$2,301/sqft |
Source:  MLSListings Inc #ML82044450 Report a problem | ||
| 5/8/2026 | Pending sale | $3,099,995$2,182/sqft |
Source: MLSListings Inc #ML82044450 Report a problem | ||
| 4/24/2026 | Listed for sale | $3,099,995$2,182/sqft |
Source: MLSListings Inc #ML82044450 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,234 +4.2% | $98,588 +2% |
| 2024 | $1,185 +1.6% | $96,656 +2% |
| 2023 | $1,166 +1.5% | $94,762 +2% |
| 2022 | $1,148 +2.3% | $92,905 +2% |
| 2021 | $1,123 +2.2% | $91,085 +1% |
| 2020 | $1,099 | $90,152 +2% |
| 2019 | $1,099 -41.3% | $88,385 +2% |
| 2018 | $1,874 | $86,653 +2% |
| 2017 | $1,874 +78.5% | $84,955 +2% |
| 2016 | $1,050 +5.2% | $83,290 +1.5% |
| 2015 | $998 +1.5% | $82,040 +2% |
| 2014 | $983 | $80,434 +0.5% |
| 2013 | -- | $80,071 +2% |
| 2012 | -- | $78,502 +2% |
| 2011 | -- | $76,964 +0.8% |
| 2010 | -- | $76,390 -0.2% |
| 2009 | -- | $76,572 +2% |
| 2008 | -- | $75,072 +2% |
| 2007 | -- | $73,601 +2% |
| 2006 | -- | $72,159 +2% |
| 2005 | -- | $70,745 +2% |
| 2004 | -- | $69,359 +1.9% |
| 2003 | -- | $68,089 +2% |
| 2002 | -- | $66,755 +2% |
| 2001 | -- | $65,447 |
Find assessor info on the county website
Neighborhood: Adobe Meadow - Meadow Park
Nearby schools
GreatSchools rating
- 10/10Fairmeadow Elementary SchoolGrades: K-5Distance: 0.6 mi
- 10/10Jane Lathrop Stanford Middle SchoolGrades: 6-8Distance: 0.7 mi
- 10/10Henry M. Gunn High SchoolGrades: 9-12Distance: 2.1 mi
Schools provided by the listing agent
- Elementary: FairmeadowElementary
- Middle: JaneLathropStanfordMiddle
- High: HenryMGunnHigh
- District: PaloAltoUnified
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$3,308,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$3,308,100
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