2620 Middlefield Road, Palo Alto, California 94306, Palo Alto, 94306 - 2 bed, 2 bath
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Palo Alto, California 94306
This Midtown Palo Alto Residential Property is a Strong Value Opportunity, listed at $2,450,000—positioned well below the $2,674,559 Fair Market Value by 8%. This valuation gap offers $224,559 in Instant Equity for buyers. While the home maintains a Condition Rating of 4, its significant upside stems from the 6,600 sqft lot and proximity to elite Palo Alto Unified Schools, including Henry M. Gunn High. This asset is perfectly suited for Developers or Owner-Occupants looking to build equity through modernization or expansion.
Property is moderate renovation needed.
Built in 1946, the property is well-maintained and move-in ready but clearly dated. While it features newer stainless steel appliances, the kitchen retains older laminate countertops and the living areas feature original parquet wood flooring. The bathroom and systems appear functional but are beyond the 20-year mark for a full modernization, fitting the criteria for a home needing updates.
Middle School: Jane Lathrop Stanford Middle School (9/10). High School: Henry M. Gunn High School (9/10).
The property is served by the highly acclaimed Palo Alto Unified School District, with access to top-rated institutions like El Carmelo Elementary and Jane Lathrop Stanford Middle School.
Situated on a generous 6,600 square foot lot in the desirable Midtown area, this property offers incredible upside for developers or homeowners looking to expand or build a custom residence.
Built in 1946, the home likely requires significant modernization or a full renovation to meet the expectations of today's luxury buyers.
With only 2 bedrooms and 1,233 square feet of living space, the current configuration is relatively small for the $2.45M price point, appealing primarily to those focused on land value.
2620 Middlefield Road is an exciting opportunity for first-time homebuyers ready to put down roots or developers looking for their next project. This charming 2-bedroom, 1.5-bathroom home is set back from the street by a covered breezeway, offering a sense of privacy while still being just moments from everyday conveniences, transportation, acclaimed Palo Alto schools and neighborhood amenities. Set on a spacious 6,600 square foot lot, the property is full of possibilities. Move in and enjoy it as-is, update to match your style, or expand and create something truly special. The generous outdoor space is perfect for entertaining, gardening, or future development, making this a rare chance to step into the Midtown market with a home that offers both immediate comfort and incredible upside.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 1.0 mi
Grades 9-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 9% |
| Baths | 2.0 | 2.5 | 50% |
| Square foot | 1,233 | 1,793.5 | 21% |
| Lot Size | 6,600 | 7,048.5 | 38% |
| Price | $2.45M | $3.50M | 6% |
| Price per sq ft | $2.0K | $2.0K | 56% |
| Built year | 1946 | 1953 | 12% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 120 | 3% |
Apr 8, 2026
$2,450,000
Initial Listing