342 Carolina Lane, Palo Alto, California 94306, Palo Alto, 94306 - 5 bed, 3 bath
ACTIVE$2,998,888
342 Carolina Lane, Palo Alto, California 94306
5Beds
3Baths
2,365Sqft
6,325Lot
Price Vs. Estimate
The estimated value ($2,998,888) is $0 (0%) lower than the list price ($2,998,888). This property may be overpriced.
Key pros and cons
Top Pros:
Great Schools: High School: Henry M. Gunn High School (9/10).
Top Cons:
Recent Price Reduction: The property has undergone a significant price reduction from its original listing, which might raise questions for potential buyers regarding initial valuation or market interest.
Compared to the nearby listings
Price:$3.00M vs avg $3.58M ($-576,112)20%
Size:2,365 sqft vs avg 2,071 sqft57%
Price/sqft:$1.3K vs avg $1.8K8%
More Insights
Built in 1950 (75 years old).
Condition: This Eichler home, originally built in 1950, underwent an extensive and thoughtful expansion and remodel in 2018. This 6-year-old renovation brings the property to a virtually new condition, meeting current quality standards. The bathrooms are fully modernized with contemporary fixtures and finishes. The kitchen features modern stainless steel appliances and clean white cabinetry, providing excellent functionality. Throughout the home, there is a mix of well-maintained terracotta-style tile and newer carpeting. Modern mini-split HVAC units are present, indicating updated climate control. The property is described as 'turnkey,' reflecting its high-quality, move-in ready state with no deferred maintenance.
Year Built
1950
Close
-
List price
$3M
Original List price
$3.4M
Price/Sqft
$1,268
HOA
-
Days on market
-
Sold On
-
MLS number
ML82002431
Home ConditionExcellent
Features
Patio
View-
About this home
Stunning 5-bedroom, 2.5-bath Eichler home that was thoughtfully expanded and remodeled in 2018. Bathed in natural light, this mid-century modern gem features signature open-beam ceilings and a seamless indoor-outdoor flow that epitomizes California living. The 2018 renovation seamlessly blends timeless Eichler design, creating a spacious and stylish environment that is perfect for both everyday comfort and entertaining. Located in one of Palo Alto's most desirable neighborhoods, this home is within proximity to top-rated Palo Alto schools, parks, and major tech campuses.A rare opportunity to own a turnkey Eichler in a world-class location.
Nearby schools
7/10
Juana Briones Elementary School
Public,•K-5•0.7mi
7/10
Santa Rita Elementary School
Public,•K-6•1.4mi
7/10
Gabriela Mistral Elementary
Public,•K-5•2.0mi
7/10
Terman Middle School
Public,•6-8•0.7mi
8/10
Ardis G. Egan Junior High School
Public,•7-8•1.2mi
9/10
Henry M. Gunn High School
Public,•9-12•1.1mi
8/10
Los Altos High School
Public,•9-12•2.1mi
Condition Rating
Excellent
This Eichler home, originally built in 1950, underwent an extensive and thoughtful expansion and remodel in 2018. This 6-year-old renovation brings the property to a virtually new condition, meeting current quality standards. The bathrooms are fully modernized with contemporary fixtures and finishes. The kitchen features modern stainless steel appliances and clean white cabinetry, providing excellent functionality. Throughout the home, there is a mix of well-maintained terracotta-style tile and newer carpeting. Modern mini-split HVAC units are present, indicating updated climate control. The property is described as 'turnkey,' reflecting its high-quality, move-in ready state with no deferred maintenance.
Pros & Cons
Pros
Great Schools: High School: Henry M. Gunn High School (9/10).
Prime Location & Top Schools: Located in one of Palo Alto's most desirable neighborhoods, offering proximity to top-rated Palo Alto schools, parks, and major tech campuses, making it a world-class location.
Architectural Significance & Design: A stunning Eichler home, a mid-century modern gem featuring signature open-beam ceilings and a seamless indoor-outdoor flow, appealing to a discerning buyer.
Recent Extensive Renovation: Thoughtfully expanded and remodeled in 2018, ensuring modern amenities, updated systems, and a turnkey condition for immediate occupancy.
Abundant Natural Light & Spaciousness: Bathed in natural light throughout, creating a bright, spacious, and stylish environment that enhances living comfort.
Functional Layout & Entertainment Value: With 5 bedrooms and 2.5 baths, the home offers ample space and a layout perfect for both everyday comfort and entertaining.
Cons
Recent Price Reduction: The property has undergone a significant price reduction from its original listing, which might raise questions for potential buyers regarding initial valuation or market interest.
Specific Architectural Appeal: While a strength for many, the distinct mid-century modern Eichler design may not appeal to all buyers, potentially narrowing the target market.
Age of Original Structure: Despite a comprehensive 2018 remodel, the home's original construction year of 1950 means some underlying systems or structural elements might still be older, potentially requiring future maintenance.