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128 Grace Avenue, East Palo Alto, California 94303, East Palo Alto, 94303 - 3 bed, 2 bath

128 Grace Avenue, East Palo Alto, California 94303 home-pic-0
ACTIVE$1,090,000
128 Grace Avenue, East Palo Alto, California 94303
3Beds
2Baths
1,020Sqft
5,208Lot
Year Built
1954
Close
-
List price
$1.09M
Original List price
$1.09M
Price/Sqft
$1,069
HOA
-
Days on market
-
Sold On
-
MLS number
ML82024416
Home ConditionExcellent
Features
View-

About this home

Possibly Over-Priced:The estimated price is 6% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.09M(22th), sqft - 1020(18th), beds - 3(50th), baths - 2(50th).

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!

Price History

Date
Event
Price
10/21/25
Listing
$1,090,000
Condition Rating
Excellent
This property, though built in 1954, has undergone an extensive and modern renovation, as explicitly stated in the description and confirmed by the images. The kitchen features new, modern white shaker cabinets, light quartz countertops, and stainless steel appliances. The flooring throughout is fresh, light-toned, and consistent, giving a contemporary feel. The interior and exterior paint are new, and the exposed beam ceilings add a stylish touch. While the bathroom's shower tile appears to be an older style, the vanity, toilet, and light fixtures are clearly new and modern, making it an updated space. The overall impression is of a move-in ready home with virtually new finishes and minimal physical depreciation, aligning with the 'excellent' criteria for an extensively renovated property.
Pros & Cons

Pros

Extensive Modern Remodel: The property has been beautifully remodeled, featuring a new kitchen with modern finishes, fresh flooring, interior and exterior paint, and an updated bathroom, making it move-in ready.
Strategic Location: Conveniently located near major tech hubs (Stanford, Meta, Amazon), downtown Palo Alto, parks, and schools, with easy access to Hwy 101, appealing to a wide range of buyers.
ADU/Expansion Potential: The spacious, flat yard offers significant potential for future expansion or the addition of an Accessory Dwelling Unit (ADU), enhancing long-term value and flexibility.
Broad Market Appeal: Positioned as a great opportunity for both families seeking comfort and convenience, and investors looking for long-term value in a fast-growing neighborhood.
Move-in Ready Condition: Thanks to the comprehensive updates, the home is immediately habitable, reducing immediate post-purchase expenses for the new owner.

Cons

Older Original Construction: Built in 1954, while cosmetically updated, the underlying structural and core systems (e.g., plumbing, electrical, HVAC) may still be original or older, potentially requiring future maintenance or upgrades.
Compact Interior Space: With 1020 sqft, the interior living space is relatively small for a 3-bedroom single-family home, which might be a consideration for some buyers, especially given the high price point.
Listing Price vs. Estimation: The current listing price of $1.09M is slightly above the property's estimated value of $1.058M, suggesting it might be priced at the higher end of market expectations or slightly overvalued by current models.

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