128 Grace Avenue, East Palo Alto, California 94303, East Palo Alto, 94303 - 3 bed, 2 bath
128 Grace Avenue
East Palo Alto, California 94303
Property Price
SUMMARY
Analysis of 128 Grace Avenue, East Palo Alto, California 94303 reveals a Fairly Priced Property with a current list price of $980,000 aligned with the estimated $972,805 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the East Palo Alto Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 128 Grace Avenue Subject | $980,000* List Price | 3 | 2 | 1,020 | $954 | - |
A 1523 Ursula Way Sold | $1,220,000 | 3 | 2 | 1,100 | $1,109 | 0.1 mi |
B 2462 Fordham Street Sold | $945,000 | 3 | 1 | 1,030 | $917 | 0.4 mi |
C 2055 Oakwood Drive Sold | $1,035,000 | 2 | 1 | 990 | $1,045 | 0.7 mi |
D 2352 Menalto Avenue Sold | $900,000 | 2 | 1 | 1,010 | $891 | 0.3 mi |
E 1221 Westminster Avenue Sold | $1,057,000 | 3 | 2 | 1,240 | $852 | 0.5 mi |
F 1664 Tulane Avenue Active | $1,099,000 List Price | 3 | 1 | 1,070 | $1,027 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property has undergone an extensive recent renovation within the last 5 years, featuring a brand-new kitchen with modern finishes, updated bathrooms, fresh flooring, and new interior and exterior paint. Although originally built in 1954, the comprehensive updates to all major interior surfaces and fixtures make it move-in ready and virtually new in appearance, meeting the criteria for excellent condition.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Renovations
The property is move-in ready, featuring a brand-new kitchen with modern finishes, updated bathrooms, fresh flooring, and new interior and exterior paint.
- Strategic Tech Hub Location
Ideally situated near major employers including Meta, Amazon, and Stanford, providing excellent commuter access and high appeal for tech professionals.
- Development Potential
The spacious and flat 5,208 sq. ft. lot offers significant potential for a backyard ADU or home expansion, providing a pathway for future value appreciation.
CONSRISKS & DEFICIENCIES
- Limited Interior Square Footage
At just 1,020 sq. ft. for a three-bedroom home, the interior layout may feel cramped, with smaller individual room dimensions than modern builds.
- Vintage Infrastructure
Originally built in 1954, the property may have aging core systems such as plumbing or electrical that were not explicitly noted as upgraded during the cosmetic remodel.
About 128 Grace Avenue
Beautifully remodeled single-family home in the heart of East Palo Alto! This move-in-ready residence features a new kitchen with modern finishes, fresh flooring, interior and exterior paint, and an updated bathroom. The spacious, flat yard offers endless possibilities perfect for family gatherings, gardening, or potential ADU/expansion (buyer to verify). Conveniently located near parks, schools, Stanford, Meta, Amazon, and downtown Palo Alto with easy access to Hwy 101. A great opportunity for families or investors looking for comfort, convenience, and long-term value in a fast-growing neighborhood!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1954
- Lot Size
- 5,208 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,020 | 1,500 | 19% |
| Lot Size | 5,208 | 6,211 | 26% |
| Price | $980.0K | $1.78M | 19% |
| Price per sq ft | $961 | $1.2K | 38% |
| Built year | 1954 | 1952 | 57% |
| HOA | $0 | $0 | 50% |
| Days on market | 79 | 155 | 21% |
Pricing History
Listed for Sale
Mar 4, 2026
$980,000
$1,088,000
-10% Price Drop
Initial Listing
Price Change
Dec 19, 2025
$1,088,000
Initial Listing
Price Change
Dec 18, 2025
$1,090,000
Initial Listing
Sold
Jun 30, 2009
$260,000
Public Record