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120 Abelia Way, East Palo Alto, California 94303, East Palo Alto, 94303 - 3 bed, 2 bath

120 Abelia Way, East Palo Alto, California 94303 home-pic-0
ACTIVE$1,178,000
120 Abelia Way, East Palo Alto, California 94303
3Beds
2Baths
1,202Sqft
6,594Lot

Price Vs. Estimate

The estimated value ($1,159,751.78) is $18,248.22 (1%) lower than the list price ($1,178,000). This property may be overpriced.

Key pros and cons

Top Pros:
Extensive Renovation & Modern Upgrades: This home has been fully renovated to a like-new condition, featuring contemporary style, smart upgrades including a chef-inspired kitchen, recessed lighting, dual-pane windows, and a NEST thermostat, making it move-in ready.
Top Cons:
Overpriced Relative to Estimation: The current listing price is approximately 10% higher than the property's estimated market value, which may indicate it is priced above current market expectations.

Compared to the nearby listings

Price:$1.18M vs avg $3.18M ($-2,002,000)28%
Size:1,202 sqft vs avg 1,520 sqft24%
Price/sqft:$980 vs avg $1.7K30%

More Insights

Built in 1950 (75 years old).
Condition: Despite being built in 1950, the property has undergone a full, extensive, and recent renovation, as stated in the description ('fully renovated like new home') and evidenced by the images. The kitchen features new white shaker cabinets, marble-look quartz countertops, and modern stainless steel appliances. Bathrooms are completely updated with contemporary vanities, tiling, and fixtures including a rain shower head. Throughout the home, there are new light-colored flooring, recessed lighting, and modern black-framed dual-pane windows. The overall aesthetic is clean, contemporary, and virtually new, meeting current quality standards with no visible deferred maintenance.
Year Built
1950
Close
-
List price
$1.18M
Original List price
$1.35M
Price/Sqft
$980
HOA
-
Days on market
-
Sold On
-
MLS number
ML82021023
Home ConditionExcellent
Features
View-

About this home

Step into this fully renovated like new home 3-bedroom, 2-bath single-level home offering contemporary style, smart upgrades, and unbeatable location. With clean modern curb appeal and a bright open layout, this move-in-ready home is designed for easy living and effortless entertaining. The chef-inspired kitchen, open concept flowing into a sunlit living space. A large, fenced backyard with mature fruit treesperfect for outdoor gatherings, gardening, or peaceful relaxation. Approved ADU plans from the Planning Department offer exciting potential for added income, a guest suite, or a detached home office.The private primary suite offers a walk-in closet. Additional upgrades include recessed lighting, dual-pane windows, a NEST thermostat, and an attached 2-car garage. Located just minutes from Meta, Google, Stanford, IKEA, Ravenswood Preserve trails, and major highways, this home is a rare opportunity in one of Silicon Valleys most rapidly growing neighborhoods.

Nearby schools

2/10
Brentwood Academy
Public,•K-5•0.7mi
/10
Ronald Mcnair Academy
Public,•6-8•0.5mi
7/10
Menlo-Atherton High School
Public,•9-12•2.6mi
Condition Rating
Excellent
Despite being built in 1950, the property has undergone a full, extensive, and recent renovation, as stated in the description ('fully renovated like new home') and evidenced by the images. The kitchen features new white shaker cabinets, marble-look quartz countertops, and modern stainless steel appliances. Bathrooms are completely updated with contemporary vanities, tiling, and fixtures including a rain shower head. Throughout the home, there are new light-colored flooring, recessed lighting, and modern black-framed dual-pane windows. The overall aesthetic is clean, contemporary, and virtually new, meeting current quality standards with no visible deferred maintenance.
Pros & Cons

Pros

Extensive Renovation & Modern Upgrades: This home has been fully renovated to a like-new condition, featuring contemporary style, smart upgrades including a chef-inspired kitchen, recessed lighting, dual-pane windows, and a NEST thermostat, making it move-in ready.
Prime Silicon Valley Location: Strategically located just minutes from major tech employers like Meta, Google, and Stanford, as well as IKEA, Ravenswood Preserve trails, and major highways, offering excellent connectivity and investment potential in a rapidly growing neighborhood.
Approved ADU Potential: The property comes with approved ADU plans from the Planning Department, providing significant potential for additional income, a guest suite, or a detached home office, enhancing its versatility and value.
Desirable Outdoor Space: Features a large, fenced backyard with mature fruit trees, ideal for outdoor gatherings, gardening, or peaceful relaxation, adding to the lifestyle appeal.
Functional Layout & Features: Offers a bright, open-concept single-level layout, a private primary suite with a walk-in closet, and an attached 2-car garage, catering to comfortable and convenient living.

Cons

Overpriced Relative to Estimation: The current listing price is approximately 10% higher than the property's estimated market value, which may indicate it is priced above current market expectations.
History of Price Reductions: The property has undergone multiple price reductions since its initial listing, suggesting potential market resistance or an initial overvaluation.
Lower-Rated Elementary School: The assigned elementary school, Brentwood Academy, has a rating of 2, which might be a consideration for families prioritizing top-tier school districts.

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