555 Byron Street 305, Palo Alto, California 94301, Palo Alto, 94301 - 2 bed, 2 bath
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Palo Alto, California 94301
This Condominium represents a stable market entry in Palo Alto, listed at a List Price of $1,525,000, which aligns closely with its $1,500,962 Fair Market Value. While the property carries a Fair Condition Rating due to its 1997 build date, it offers a generous 1,548 square feet of living space and a private Deck. Situated in the prestigious Palo Alto Unified School District, the unit provides long-term value despite high association fees. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a prime downtown lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 555 Byron Street 305 Subject | $1,525,000 | 2 | 2 | 1,548 | $970 | - |
A 101 Alma Street 407 Sold | $1,495,000 | 2 | 2 | 1,444 | $1,035 | 0.7 mi |
B 101 Alma Street 908 Sold | $1,500,000 | 2 | 2 | 1,491 | $1,006 | 0.7 mi |
C 518 Everett Avenue A Active | $1,288,000 List Price | 2 | 1 | 1,044 | $1,234 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1997, the property is approximately 27 years old. According to the criteria, properties over 20 years old are classified as Fair. While the exterior appears well-maintained, the age suggests that the kitchen, bathrooms, and mechanical systems are likely dated and may require minor repairs or modern updates.
Situated in the highly coveted 94301 zip code, this property offers exceptional walkability to University Avenue’s premier dining, high-end retail, and the vibrant heart of downtown Palo Alto.
At 1,548 square feet, this two-bedroom unit provides a substantially larger living space than the average Palo Alto condominium, offering a more house-like feel and comfortable proportions.
The property is served by the Palo Alto Unified School District, consistently ranked among the best in the nation, which ensures strong long-term asset appreciation and market demand.
The association fee of $5,700 is exceptionally high, which significantly increases the monthly cost of ownership and may limit the pool of qualified buyers to a very specific niche.
Located within a specialized luxury community (The Hamilton), the property is subject to specific age and occupancy restrictions that exclude a large portion of the traditional buyer market.
Exceptional opportunity in Palo Alto. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,548 | 1,056 |
| Lot Size | - | - |
| Price | $1.52M | $1.48M |
| Price per sq ft | $985 | $1.1K |
| Built year | 1997 | 1984 |
| HOA | $5700.0 | $868 |
| Days on market | 41 | 49 |
Dec 14, 2023
$1,150,500
Public Record
May 31, 2013
$910,000
Public Record
Oct 28, 1999
$975,000
Public Record