
Palo Alto, California 94301
This Modernized Old Palo Alto Residence is listed at $2,399,999, representing a refined lifestyle opportunity in a high-demand market relative to its $2,031,665 Fair Market Value. Boasting a Mint Condition Rating, the home features a remodeled kitchen with stone countertops, hardwood flooring, and open-beam ceilings. The property offers exceptional versatility with a detached finished garage and a pending permit for a 740 sqft ADU. Located within the elite Palo Alto Unified School District near Palo Alto High School, this home is a sophisticated sanctuary for Tech Professionals or Owner-Occupants seeking a turnkey lifestyle with expansion potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 112 Churchill Avenue Subject | $2,399,999* List Price | 2 | 1 | 876 | $2,319 | - |
A 1111 Alma Street Active | $2,698,000 List Price | 3 | 2 | 1,107 | $2,437 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1906, the property has undergone a high-end comprehensive renovation. The kitchen is modern with stone countertops and stainless steel appliances, the bathroom is fully remodeled with stone finishes, and critical systems have been updated including copper plumbing and upgraded electrical. The home is in mint condition with dual-pane windows and contemporary finishes throughout.
High School: Palo Alto High School (9/10).
Situated in the prestigious Old Palo Alto neighborhood, the property offers walking distance to Stanford University and access to top-rated Palo Alto Unified schools, including Palo Alto High.
The property includes a pending permit for a 740 sqft ADU and offers ample potential to expand the existing structure into a larger custom residence on a 4,500 sqft lot.
With only 876 square feet of living space and a single bathroom, the current footprint is very small for the price point and may require immediate expansion for most buyers.
The list price reflects the premium land value of the neighborhood rather than the existing structure, resulting in a high entry cost for a two-bedroom cottage.
A rare opportunity on a 4,500sqft lot in coveted Old Palo Alto with excellent potential to expand into a larger custom residence, offering strong upside in one of Palo Alto's most desirable neighborhoods. Open-beam ceilings and hardwood flooring create a warm atmosphere, while expansive windows fill the living spaces with natural light. The open layout flows into a well-appointed kitchen designed for everyday living and entertaining, featuring stone countertops, stainless steel appliances, a gas range with vent hood, wine refrigerator, and a generous center island. Two sun-filled bedrooms offer retreats with spacious closets, complemented by a remodeled bathroom with stone finishes. The home includes updates such as copper plumbing, upgraded electrical, and dual-pane windows. A detached finished garage offers space ideal for a home office, gym, or studio, while the long driveway provides off-street parking. The backyard offers potential for future expansion or an accessory dwelling unit. Seller has submitted for ADU permit to build 2 bed 2 bath 740sqft ADU in yard. Ideally located near Stanford University, downtown Palo Alto, Caltrain, and leading tech campuses, the home also enjoys access to highly regarded Palo Alto schools.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 0.7 mi
Grades 6-8 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 26% |
| Baths | 1.0 | 2.0 | 20% |
| Square foot | 876 | 2,057 | 6% |
| Lot Size | 4,500 | 5,625 | 20% |
| Price | $2.40M | $4.20M | 11% |
| Price per sq ft | $2.7K | $2.2K | 77% |
| Built year | 1906 | 1923 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 41 | 98 | 17% |
Mar 12, 2026
$2,399,999
Initial Listing
Nov 9, 2021
$2,330,000
Public Record
May 26, 2006
$840,000
Public Record