1581 Dana Avenue, Palo Alto, California 94303, Palo Alto, 94303 - 5 bed, 3 bath
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Palo Alto, California 94303
This Updated Traditional Residence is a Prime Investment Opportunity, listed at $3,999,888—positioned well below the $4,102,811 Fair Market Value by 2%. This valuation gap secures $102,923 in Instant Equity for the incoming buyer. Boasting a Mint Condition Rating, the home features a modernized quartz kitchen, refinished hardwood floors, and a new roof. Situated on a 7,200 sqft lot with a private patio, it offers immediate access to top-tier Palo Alto Unified Schools and major employers. It is an ideal acquisition for Owner-Occupants or Silicon Valley Professionals.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1581 Dana Avenue Subject | $3,999,888* List Price | 5 | 3 | 2,203 | $1,862 | - |
A 2640 Elmdale Court Sold | $3,100,000 | 4 | 3 | 2,124 | $1,460 | 0.9 mi |
B 1730 Guinda Street Sold | $4,500,000 | 3 | 3 | 2,030 | $2,217 | 0.7 mi |
C 2505 Greer Road Sold | $3,125,000 | 3 | 2 | 1,356 | $2,305 | 0.8 mi |
D 618 Wildwood Lane Pending | $4,195,000 List Price | 4 | 3 | 2,309 | $1,817 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1950, the home has undergone a comprehensive recent renovation (likely <5 years) including a new roof, new stainless steel appliances, quartz countertops, and fresh interior finishes such as paint, carpet, and refinished hardwood floors. It is in mint, move-in condition.
Ideally situated near Duveneck Elementary, Eleanor Pardee Park, and downtown Palo Alto, providing access to top-rated schools and major Silicon Valley employers.
The home features extensive recent updates including a new roof, fresh paint, refinished hardwood floors, and a modernized kitchen with quartz countertops and stainless steel appliances.
The generous 7,200 sqft lot offers significant flexibility for the new owner to enjoy the current move-in condition, expand the existing structure, or build a new custom residence.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 6.
Built in 1950, the traditional floor plan and parquet flooring may feel less cohesive to buyers seeking a fully integrated, modern open-concept living space.
The large rear garden is noted as awaiting finishing touches, suggesting that additional capital investment will be required to complete the outdoor living and entertaining areas.
This updated, traditional home is situated on a large lot conveniently located nearby Duveneck Elementary school, Eleanor Pardee Park, Rinconada Park, the library, downtown Palo Alto, commute routes and many top Silicon Valley employers. Gracefully updated and expanded, the bright, spacious floor plan offers flexibility and modern comforts while retaining period charm. The formal entry leads to a bright living room with wood burning fireplace and parquet hardwood floors. The updated kitchen offers new stainless steel appliances, quartz countertops, breakfast bar, pantry with pull-outs all open to a large dining room. The dining room flows to the back patio via a glass French doorperfect for entertaining. Five bedrooms and three bathrooms including a second floor primary with walk-in closet and office alcove are more than sufficient for the modern lifestyle. A huge, sunlit back garden awaits your finishing touches. Freshly refinished hardwood floors, new carpet, new light fixtures, new roof, fresh paint, recessed lighting and two car attached garage complete this move-in condition home. Remodel, expand or build new on this wide, well located lot. Top rated Palo Alto schools.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 86% |
| Baths | 3.0 | 2.0 | 64% |
| Square foot | 2,203 | 1,520 | 80% |
| Lot Size | 7,200 | 6,490 | 64% |
| Price | $4.00M | $3.13M | 78% |
| Price per sq ft | $1.8K | $1.8K | 50% |
| Built year | 1950 | 1952 | 38% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 142 | 2% |
Apr 16, 2026
$3,999,888
Initial Listing