235 Middlefield Road, Palo Alto, California 94301, Palo Alto, 94301 - 3 bed, 2 bath
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Palo Alto, California 94301
This Enchanting Storybook Cottage is a versatile residential asset listed at $2,888,000—positioned below the $2,941,107 Fair Market Value by 1%. This valuation provides $53,107 in Instant Equity. Boasting a Good Condition Rating, the home features a modernized granite kitchen and a premium backyard retreat with a jacuzzi and firepit. Located in the elite Palo Alto Unified district near Palo Alto High, the property includes a detached ADU for rental potential. It is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 235 Middlefield Road Subject | $2,888,000* List Price | 3 | 2 | 1,296 | $2,342 | - |
A 566 Everett Avenue Active | $2,810,000 List Price | 4 | 2 | 1,008 | $2,788 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1923, the property has been well-maintained and features significant updates that make it move-in ready. The kitchen has been modernized with granite countertops and stainless steel appliances, and the bathrooms are described as refreshed. The interior shows updated flooring and paint, and the exterior includes a newly stained deck and functional outdoor amenities, placing it firmly in the 'Good' category despite its chronological age.
High School: Palo Alto High School (9/10).
Situated just moments from downtown Palo Alto and within the prestigious Palo Alto Unified School District, this property offers exceptional lifestyle convenience and access to top-tier education.
This 1923 storybook cottage seamlessly blends timeless architectural character, such as original built-ins and a gas fireplace, with a contemporary kitchen featuring granite countertops and stainless steel appliances.
The detached one-bedroom unit is not permitted, which may present significant challenges regarding financing, insurance, and future legal compliance for rental use.
At only 1,296 square feet for a three-bedroom configuration (including the ADU), the living spaces are relatively compact for the nearly $2.9M price point.
Just moments from vibrant downtown Palo Alto, this enchanting storybook cottage blends timeless character with thoughtful modern updates. The main residence features two generously sized bedrooms and a full bath, while a detached 354-sf one-bedroom, one-bath ADU (not permitted) in the converted garage offers flexible space for extended family, guests, or potential rental income. The updated 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. Outstanding location with close proximity to Caltrain, downtown Palo Alto and Menlo Park, Hwy 101, and Stanford University.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 41% |
| Baths | 2.0 | 3.0 | 44% |
| Square foot | 1,296 | 2,181.5 | 18% |
| Lot Size | 5,000 | 5,625 | 35% |
| Price | $2.89M | $4.24M | 15% |
| Price per sq ft | $2.2K | $2.2K | 53% |
| Built year | 1923 | 1933 | 35% |
| HOA | $0 | $0 | 50% |
| Days on market | 38 | 100 | 15% |
Apr 29, 2026
$2,888,000
Initial Listing