235 Middlefield Road, Palo Alto, California 94301, Palo Alto, 94301 - 3 bed, 2 bath
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Palo Alto, California 94301
This Hybrid Single Family Residence represents a Strong Value Opportunity, listed at $2,200,000, which aligns with its $2,200,000 Fair Market Value. While the property is priced at market, it offers significant lifestyle appeal through its Condition Rating of 3, featuring a Granite Kitchen, newly stained deck, and jacuzzi. Located in the prestigious Palo Alto Unified district, it provides access to top-tier schools like Palo Alto High. The inclusion of an unpermitted ADU offers unique flexibility for Buy-and-Hold Investors or Owner-Occupants seeking rental income potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 235 Middlefield Road Subject | $2,200,000* List Price | 3 | 2 | 1,296 | $1,698 | - |
A 128 Middlefield Road Sold | $1,919,000 | 2 | 1 | 910 | $2,109 | 0.1 mi |
B 150 Middlefield Road Active | $2,650,000 List Price | 3 | 2 | 1,638 | $1,618 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1923, the property has undergone significant modern updates including a refreshed bathroom and a large kitchen featuring granite countertops and stainless steel appliances. The interior shows well-maintained hardwood floors and updated lighting, while the exterior features a newly stained deck and functional systems, making it move-in ready.
High School: Palo Alto High School (9/10).
Situated in the prestigious 94301 zip code, this property is moments from downtown Palo Alto and provides access to top-tier schools including Addison Elementary and Palo Alto High.
This 1923 storybook cottage perfectly balances original character, such as built-in china cabinets and a gas fireplace, with a modern remodeled kitchen and refreshed bathroom.
The 354 sqft studio ADU is explicitly noted as unpermitted, which may present legal compliance issues, financing hurdles, or future permitting costs for the buyer.
With over 80 days on the market and a significant price reduction of nearly $700,000 from the original list price, the property's history may indicate previous overpricing or buyer hesitation.
OFFERS TO BE REVIEWED TUE 7/14 AT NOON. Back on the market at no fault of property! Submit offers via Disclosures I/O (Homelight), and include all signed disclosures, buyer agent AVID, loan approval letter, proof of funds, and 1 day earnest deposit. Seller has items stored in the ADU. This is not a foreclosure sale, it is not bank-owned, and there is no court involved! (Zillow has outdated info about the amount of loan in default.) Just moments from vibrant downtown Palo Alto, this enchanting storybook cottage blends timeless character with thoughtful modern updates. The updated large kitchen shines with granite countertops and stainless steel appliances, complemented by a refreshed bathroom. Rich in charm, the home also showcases a spacious living room anchored by a cozy gas fireplace, along with a formal dining room highlighted by the original built-in china cabinet. Step outside to enjoy a newly stained deck perfect for entertaining, a welcoming patio with a gas firepit, a jacuzzi, and a sun-filled backyard with lemon, orange, and peach trees, ideal for relaxing or gathering with friends and family. Main house is 2 bd/1 ba and a bonus 354sf studio ADU (not permitted) with full kitchen and bath is perfect for extended family, guests, or rental income. Outstanding location,
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 1.2 mi
Grades K-5 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,296 | 1,500 |
| Lot Size | 5,000 | 7,500 |
| Price | $2.20M | $3.80M |
| Price per sq ft | $1.7K | $2.2K |
| Built year | 1923 | 1950 |
| HOA | $0 | $0 |
| Days on market | 85 | 31 |
Jun 19, 2026
$2,200,000
$2,688,000
-18% Price Drop
Initial Listing
Jun 7, 2026
$2,688,000
$2,888,000
-7% Price Drop
Initial Listing
Apr 29, 2026
$2,888,000
Initial Listing