2573 Park Boulevard U204, Palo Alto, California 94306, Palo Alto, 94306 - 2 bed, 3 bath
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Palo Alto, California 94306
This Bright Townhouse-Style Condominium is a High-Potential Investment Opportunity, listed at $990,000—positioned well below the $1,106,150 Fair Market Value by 10%. This valuation gap provides $116,150 in Instant Equity for buyers. While maintaining a Condition Rating of 4 with functional 1990s finishes, the home features dual master suites, high ceilings, and access to a pool and spa. Located in the elite Palo Alto Unified School District near California Avenue, it perfectly suits Owner-Occupants seeking forced appreciation or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2573 Park Boulevard U204 Subject | $990,000* List Price | 2 | 3 | 1,319 | $839 | - |
A 200 Sheridan Avenue 105 Sold | $1,239,000 | 2 | 2 | 1,355 | $914 | 0.1 mi |
B 200 Sheridan Avenue 106 Sold | $1,210,000 | 2 | 2 | 1,412 | $857 | 0.1 mi |
C 200 Sheridan Avenue 204 Sold | $1,189,900 | 2 | 2 | 1,411 | $843 | 0.1 mi |
D 200 Sheridan Avenue 104 Active Under Contract | $1,189,900 List Price | 2 | 2 | 1,411 | $843 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1993 (31 years old), the property features recent cosmetic improvements like new paint and wood floors. However, the kitchen and bathrooms remain dated with original tile countertops, 90s-style cabinetry, and brass fixtures, fitting the criteria for a property over 20 years old that is functional but needs modern updates.
High School: Palo Alto High School (9/10).
Situated in the heart of the California Avenue Business District, this property offers unparalleled walkability to top-tier dining, Mollie Stone's, the Caltrain station, and the popular year-round Sunday Farmers Market.
This two-story model unit features high ceilings, greenhouse windows, and skylights that maximize natural light, complemented by a desirable dual master suite configuration and modern wood flooring.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1319, other record living area = 833.
The monthly HOA fee of $918 is substantial, which may impact the overall affordability and debt-to-income ratio for prospective buyers.
Built in 1993, the property and its communal facilities may require more frequent maintenance or future capital improvements compared to the newer luxury developments in the Palo Alto area.
This 2 story bright townhouse style home was one of the models for the complex. Green house windows, large sliding glass doors & high ceiling flood the home in sunlight. The unit features a spacious living/dining area, fireplace, balcony, extra storage, new paint, wood floors throughout 2 master bedrooms, washer/ dryer, A/C, recessed lighting, & skylight. Palo Alto Central boasts great landscaping with plants, fountains, a rose garden, swimming pool, Jacuzzi & a recreation/conference room. Security gates & underground secured parking. Located on California Avenue's Business District. everything is walking distance. Mollie Stones, Country Sun, coffee shops, the post office, the park and fine dining. The farmers market is every Sunday year round with music, fresh organic produce, flowers and an assortment of foods to sample. You can walk, bike or take a free Shuttle to Stanford or Cal Train to San Francisco.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades 6-8 • 0.8 mi
Grades 9-12 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 90% |
| Square foot | 1,319 | 1,385.5 | 25% |
| Lot Size | - | - | 50% |
| Price | $990.0K | $1.39M | 20% |
| Price per sq ft | $751 | $1.0K | 5% |
| Built year | 1993 | 1997 | 20% |
| HOA | $918.0 | $829 | 85% |
| Days on market | 20 | 134 | 5% |
Apr 2, 2026
$990,000
Initial Listing