2593 Cowper Street, Palo Alto, California 94301, Palo Alto, 94301 - 3 bed, 1 bath
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2593 Cowper Street
Palo Alto, California 94301
ACTIVE
CONDITION: TEAR DOWN
3Beds
1Baths
1,290Sq Ft
6,962Lot Size
Property Price
LIST PRICE$2,998,000
EST. MARKET VALUE
$2,957,948
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $2,998,000—positioned well below the $2,957,948 Fair Market Value by -1.3%. While the property is currently priced at market, the 6,962-square-foot lot in the prestigious Palo Alto Unified School District offers significant development potential. With a Condition Rating of 6, the existing 1,290-square-foot residence serves as a blank canvas for a custom rebuild. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to maximize value in a prime Midtown location.
Estimated Market Value
$2,957,948
Based on Realkey algorithm analyzing recent comparable sales in Palo Alto.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1947 (77 years old) with no evidence of renovations. The listing description explicitly markets the property as a lot for a 'dream property' or 'something entirely new,' indicating the value is primarily in the land.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Midtown Location
Situated on a desirable tree-lined street in Midtown Palo Alto, the property offers exceptional proximity to Stanford Research Park, major Silicon Valley employers, and local shopping.
- Elite School District
The property is served by the prestigious Palo Alto Unified School District, a significant factor in maintaining high property values and attracting long-term demand.
- Significant Development Potential
The generous 6,962-square-foot lot provides a substantial footprint for a custom rebuild or a major expansion of the existing residence to maximize the site's value.
CONSRISKS & DEFICIENCIES
- Outdated Configuration
The current 1,290-square-foot structure features only one bathroom for three bedrooms, which is below modern market expectations for a home at this price point.
- Substantial Capital Requirement
Marketed as a fixer or redevelopment opportunity, the property requires significant additional investment beyond the $2.998M list price to bring it to contemporary standards.
About 2593 Cowper Street
Situated on a wide, tree-lined street in the heart of Palo Alto's desirable Midtown neighborhood, 2593 Cowper Street presents an exceptional opportunity to bring your vision to life. The spacious 6,962-square-foot lot offers possibilities to create your dream property or renovate the existing ±1,290-square-foot residence, featuring three bedrooms, one bathroom and a two-car garage. A generous yard shaded by mature trees provides room for outdoor living, entertaining and landscaping. Located within the Palo Alto Unified School District, the property is close to Middlefield Roads shopping and dining, with convenient access to Page Mill Road, Stanford Research Park and major Silicon Valley employers. Whether reimagining the existing residence or envisioning something entirely new, this property offers outstanding potential in an established, sought-after Palo Alto neighborhood...
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1947
- Lot Size
- 6,962 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.5 |
| Baths | 1.0 | 2.4 |
| Square foot | 1,290 | 1,780.218 |
| Lot Size | 6,962 | 7,183.641 |
| Price | $3.00M | $3.95M |
| Price per sq ft | $2.3K | $2.2K |
| Built year | 1947 | 1952 |
| HOA | $0 | $0 |
| Days on market | 3 | 30 |
Pricing History
Listed for Sale
Oct 21, 2026
$2,998,000
Initial Listing