129 Lowell Avenue, Palo Alto, California 94301, Palo Alto, 94301 - 4 bed, 3 bath
129 Lowell Avenue
Palo Alto, California 94301
Property Price
SUMMARY
Analysis of 129 Lowell Avenue, Palo Alto, California 94301 reveals a Prime Investment Opportunity with a current list price of $3,988,000—significantly undercutting the $4,197,874 Fair Market Value by 4%. This valuation gap indicates a +$209,874 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the 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 |
|---|---|---|---|---|---|---|
★ 129 Lowell Avenue Subject | $3,988,000* List Price | 4 | 3 | 2,641 | $1,590 | - |
A 1015 High Street Sold | $3,800,000 | 2 | 3 | 2,526 | $1,504 | 0.6 mi |
B 1245 Waverley Street Sold | $4,923,000 | 4 | 3 | 2,661 | $1,850 | 0.5 mi |
C 566 Addison Avenue Sold | $3,325,000 | 3 | 2 | 2,316 | $1,436 | 0.7 mi |
D 1100 Bryant Street Sold | $3,900,000 | 3 | 2 | 2,290 | $1,703 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property has an effective year built of 2013, indicating an extensive renovation performed approximately 11-13 years ago, which aligns with the 'good' condition criteria (renovated within 5-15 years). The home features a sleek modern kitchen with island seating, a wine bar, heated tile floors, and updated electrical features like EV charging. It is move-in ready with high-end contemporary finishes, though it does not qualify as 'excellent' as the major renovation occurred more than 5 years ago.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Palo Alto High School (9/10).
- Prime Location & Elite Schools
Situated in the prestigious Old Palo Alto neighborhood, the property is just one mile from downtown University Avenue and served by top-tier schools, including Palo Alto High.
- Modern Architectural Updates
With an effective year built of 2013 and architecture by Mary Mayden, the home features high-end contemporary finishes such as heated tile floors, a sleek designer kitchen, and a dedicated wine bar.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2641, other record living area = 2339.
- Modest Lot Size
The 5,000-square-foot lot is relatively compact for the $3.988M price point in this area, which may limit yard space for buyers seeking expansive grounds.
- Detached Garage Layout
The two-car garage is detached from the main house, which can be a convenience drawback for direct access during inclement weather compared to an attached configuration.
About 129 Lowell Avenue
Contemporary home in Old Palo Alto just one mile from downtown University Ave. Architecture by Mary Mayden with exceptional attention to detail on two levels, all with abundant natural light. Effective Year Built: 2013. Wood floors on both levels with heated tile floors in the great room. A front curved courtyard extends the living/media room outdoors to a koi pond and bamboo garden. The kitchen is sleek and modern with island counter seating and separate wine bar. Glass doors open to the wraparound private rear gardens. Upstairs, 4 bedrooms, including the primary suite, radiate from a central loft lined with extensive library storage and perfect for office space. A detached 2-car garage with EV charging offers optional living space opening to the rear terrace via French door. Excellent Palo Alto schools.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1984
- Lot Size
- 5,000 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Palo Alto Unified Schools
Walter Hays Elementary School
Grades K-5 • 0.6 mi
Addison Elementary School
Grades K-5 • 0.8 mi
David Starr Jordan Middle School
Grades 6-8 • 0.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,641 | 2,332 | 55% |
| Lot Size | 5,000 | 6,420 | 30% |
| Price | $3.99M | $4.28M | 36% |
| Price per sq ft | $1.5K | $2.2K | 12% |
| Built year | 1984 | 1924 | 82% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 156 | 3% |
Pricing History
Listed for Sale
Mar 2, 2026
$3,988,000
Initial Listing
Sold
Dec 10, 2021
$3,900,000
Public Record
Sold
Jun 11, 2015
$4,130,000
Public Record
Sold
Aug 10, 2012
$2,194,750
Public Record
Sold
Apr 3, 1998
$1,275,000
Public Record