200 Sheridan Avenue 104, Palo Alto, California 94306, Palo Alto, 94306 - 2 bed, 2 bath
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Palo Alto, California 94306
This Spacious Palo Alto Condominium represents a High-Potential Investment Opportunity, listed at $1,189,900—positioned well below the $1,343,976 Fair Market Value by 11%. This valuation gap secures $154,076 in Instant Equity for buyers prepared to modernize the "as-is" interior. While maintaining a Condition Rating of 4 due to original 1990s finishes, the unit features high ceilings and access to a pool and spa. Located in the prestigious Palo Alto Unified district near Stanford and Caltrain, this is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants looking to build wealth through cosmetic appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 200 Sheridan Avenue 104 Subject | $1,189,900* List Price | 2 | 2 | 1,411 | $952 | - |
A 200 Sheridan Avenue 402 Sold | $1,520,000 | 2 | 2 | 1,400 | $1,086 | 0.0 mi |
B 200 Sheridan Avenue 401 Sold | $1,489,550 | 2 | 2 | 1,371 | $1,086 | 0.0 mi |
C 200 Sheridan Avenue 302 Sold | $1,432,000 | 2 | 2 | 1,400 | $1,023 | - |
D 200 Sheridan Avenue 202 Sold | $1,355,000 | 2 | 2 | 1,400 | $968 | - |
E 200 Sheridan Avenue 106 Sold | $1,210,000 | 2 | 2 | 1,412 | $857 | - |
F 200 Sheridan Avenue 105 Sold | $1,239,000 | 2 | 2 | 1,355 | $914 | - |
G 200 Sheridan Avenue 201 Pending | $1,402,450 List Price | 2 | 2 | 1,371 | $1,023 | - |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1997, this property is approximately 27 years old and largely retains its original finishes. While the main living areas have been updated with luxury vinyl plank flooring, the bathrooms and bedrooms show significant signs of age, including dated 1990s-style tile work, basic vanities, and worn carpeting. The kitchen and bathrooms lack the modern luxury renovations mentioned as options in the description, placing this specific unit in the 'as-is' category that requires cosmetic updates to meet current market standards.
Situated just blocks from California Avenue's dining and shops, and in close proximity to Stanford University and Caltrain, this property offers exceptional convenience for commuters and tech professionals.
The building provides a high-end lifestyle with luxury amenities including a pool, hot tub, secure two-level parking with EV chargers, and the convenience of an on-site cafe.
With 1,411 square feet of living space and high ceilings, this unit offers a generous and airy floor plan that is significantly larger than many competing two-bedroom condominiums in Palo Alto.
The association fee of $829 per month is a substantial recurring expense that may impact the overall affordability and appeal for budget-conscious buyers.
As a first-floor unit (104), it likely lacks the balconies found on floors 2-4, and depending on the specific unit package, it may require additional capital investment to upgrade from its 'as-is' condition.
Only 6 units remaining! All units on floors 2-4 have balconies. Prospective buyers are encouraged to visit the site and consult with our sales team for detailed information about the specific units being sold. This luxury 4-story building offers resort-style amenities including a pool, hot tub, secure 2-level parking garage w/EV chargers, & Caffe Riace on-site. Built in 1997, this community is just blocks away from California Ave dining, shops, and cafes. Features high ceilings, balconies, A/C, & floor-to-ceiling windows in select units. Some include luxury vinyl plank flooring, quartz countertops, & Thermador stoves. Choose from fully renovated units or upgrade an as-is unit using our in-house design. Every unit comes w/dedicated storage & garage parking. Located near Stanford, Caltrain, & major tech employers, this is the perfect blend of convenience, comfort, & lifestyle in the heart of Silicon Valley. Don't miss this rare opportunity to own in one of Palo Altos most desirable communities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,411 | 1,400 | 60% |
| Lot Size | - | - | 50% |
| Price | $1.19M | $1.39M | 25% |
| Price per sq ft | $843 | $1.0K | 15% |
| Built year | 1997 | 1997 | 50% |
| HOA | $829.0 | $829 | 50% |
| Days on market | 75 | 134 | 5% |
Feb 6, 2026
$1,189,900
Initial Listing