200 Sheridan Avenue 407, Palo Alto, California 94306, Palo Alto, 94306 - 2 bed, 2 bath
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Palo Alto, California 94306
This Value-Add Mediterranean Condominium is listed at $1,290,000, representing a stable entry into the prestigious Palo Alto market relative to its $1,244,113 Fair Market Value. Currently maintaining a Condition Rating of 4, the "as-is" interior presents a significant opportunity for forced appreciation through a personalized remodel. Residents benefit from resort-style amenities including a pool, spa, and EV charging, all while served by the elite Palo Alto Unified School District. This is a strategic acquisition for Value-Add Investors or Owner-Occupants seeking a customizable residence in Silicon Valley.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 200 Sheridan Avenue 407 Subject | $1,290,000* List Price | 2 | 2 | 1,193 | $1,010 | - |
A 200 Sheridan Avenue 205 Sold | $1,387,250 | 2 | 2 | 1,355 | $1,024 | 0.0 mi |
B 200 Sheridan Avenue 207 Sold | $1,175,000 | 2 | 1 | 1,193 | $985 | 0.0 mi |
C 200 Sheridan Avenue 401 Sold | $1,489,550 | 2 | 2 | 1,371 | $1,086 | 0.0 mi |
D 200 Sheridan Avenue 402 Sold | $1,520,000 | 2 | 2 | 1,400 | $1,086 | 0.0 mi |
E 200 Sheridan Avenue 105 Sold | $1,239,000 | 2 | 2 | 1,355 | $914 | - |
F 200 Sheridan Avenue 106 Sold | $1,210,000 | 2 | 2 | 1,412 | $857 | - |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1997 (27 years old) and the listing explicitly states this specific unit is being sold 'as is' and is 'not remodeled.' Based on the age of over 20 years without recent renovations, the kitchen and baths are considered dated and require updates to meet modern 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 Provence Condominiums provide a luxury lifestyle with a pool, hot tub, secure parking with EV chargers, and the unique benefit of an on-site cafe, Caffe Riace.
Located within the prestigious Palo Alto Unified School District, the property benefits from access to some of the highest-rated schools in the state, supporting strong long-term resale value.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1193, other record living area = 55772.
Unlike the model unit shown in marketing photos, this specific residence is sold in its original, un-remodeled state, necessitating immediate additional investment for modern upgrades.
The association fee of $797 per month is significant, which may impact the debt-to-income ratios for some buyers and increases the overall monthly cost of ownership.
*The images shown are of a model unit and are for illustrative purposes only. The actual unit may vary in layout, finishes, and features. This Unit was sold as is, not remodeled.* Mediterranean elegance meets modern living at Provence Condominiums in Palo Alto. This luxury 4-story building offers resort-style amenities including a pool, hot tub, secure 2-level parking garage with EV chargers, and Caffe Riace on-site. Built in 1997 and updated over time, this 30-unit community is just blocks away from California Ave dining, shops, and cafes. Units feature high ceilings and balconies, A/C, and floor-to-ceiling windows in select residences. Some units include luxury vinyl plank flooring, quartz countertops, and Thermador stoves. Choose from fully renovated units or upgrade an as-is unit using our in-house design board. Every unit comes with dedicated storage and garage parking. Located near Stanford, Caltrain, and major tech employers, this is the perfect blend of convenience, comfort, and lifestyle in the heart of Silicon Valley. Don't miss this rare opportunity to own in one of Palo Altos most desirable communities. Prospective buyers are encouraged to visit the site and consult with our sales team for detailed information about the specific units being sold.
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 | 1,193 | 1,371 | 25% |
| Lot Size | - | - | 50% |
| Price | $1.29M | $1.32M | 50% |
| Price per sq ft | $1.1K | $1.0K | 69% |
| Built year | 1997 | 1997 | 50% |
| HOA | $797.0 | $827 | 13% |
| Days on market | 138 | 181 | 31% |
Jan 28, 2026
$1,290,000
Initial Listing