RealKey
‪(213) 433-7766‬

555 Byron Street 105, Palo Alto, California 94301, Palo Alto, 94301 - 2 bed, 2 bath

555 Byron Street 105, Palo Alto, California 94301 home-pic-0
ACTIVE$1,999,000
555 Byron Street 105, Palo Alto, California 94301
2Beds
2Baths
1,548Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Downtown Location: Nestled in vibrant downtown Palo Alto, offering unparalleled walkability to top-tier dining, boutique shopping, and cultural attractions like the Stanford Theatre.
Top Cons:
Very High Association Fee: The substantial monthly association fee of $5600.0 represents a significant ongoing cost that will limit the pool of eligible buyers and impact overall affordability.

Compared to the nearby listings

Price:$2.00M vs avg $1.89M (+$109,500)50%
Size:1,548 sqft vs avg 1,465 sqft67%
Price/sqft:$1.3K vs avg $1.2K50%

More Insights

Built in 1997 (28 years old).
Condition: This property, built in 1997, is in 'good' condition. The description highlights recent significant updates including 'brand-new flooring, fresh paint, and energy-efficient LED lighting throughout,' which are clearly visible in the images and contribute to a bright, welcoming, and move-in ready ambiance. While the kitchen features traditional wood cabinets and an integrated refrigerator that, along with the bathroom vanity and light fixtures, reflect a style from its original build era or an older renovation, they are impeccably clean, well-maintained, and fully functional with minimal wear and tear. The stainless steel dishwasher in the kitchen is a modern update. No immediate renovations are required, aligning with the 'good' criteria that some components may be updated, but the property has not undergone a full recent renovation of all major elements like kitchen and bath cabinetry styles. The overall condition is excellent, but the slightly dated style of the kitchen and bathroom core elements prevents it from reaching an 'excellent' score.
Year Built
1997
Close
-
List price
$2M
Original List price
$2M
Price/Sqft
$1,291
HOA
$5,600
Days on market
-
Sold On
-
MLS number
ML82012584
Home ConditionGood
Features
Good View:
Patio
View-

About this home

Discover refined living in this elegant 2-bedroom plus den/study, 2-bath ground-floor residence with easy access at The Hamilton, a premier 55+ community in downtown Palo Alto. Thoughtfully updated with brand-new flooring, fresh paint, energy-efficient LED lighting throughout, this home offers a bright and welcoming ambiance. Enjoy seamless indoor-outdoor living with private patio opening to a garden surrounded by patio walls, ideal for planting spring flowers or relaxing in serenity. The open-concept layout boasts high 10-foot ceilings with crown molding and abundant natural light. Additional bedroom and den/study provide flexibility for guests, a home office, or hobbies, while an in-unit laundry nook adds convenience. Opportunity for buyer to increase market value by turning den/study to full bedroom. The Hamilton elevates your lifestyle with exceptional amenities: a full-service dining room offering chef-prepared three-course meals nightly, a heated indoor pool, a jacuzzi, a spa-like fitness center, a library, and a 24/7 concierge. Nestled in vibrant downtown Palo Alto, enjoy top-tier dining at Tamarine or Ettan, coffee at Blue Bottle, boutique shopping on University Avenue, and classic films at the historic Stanford Theatre, a perfect blend of luxury and culture.

Condition Rating
Good
This property, built in 1997, is in 'good' condition. The description highlights recent significant updates including 'brand-new flooring, fresh paint, and energy-efficient LED lighting throughout,' which are clearly visible in the images and contribute to a bright, welcoming, and move-in ready ambiance. While the kitchen features traditional wood cabinets and an integrated refrigerator that, along with the bathroom vanity and light fixtures, reflect a style from its original build era or an older renovation, they are impeccably clean, well-maintained, and fully functional with minimal wear and tear. The stainless steel dishwasher in the kitchen is a modern update. No immediate renovations are required, aligning with the 'good' criteria that some components may be updated, but the property has not undergone a full recent renovation of all major elements like kitchen and bath cabinetry styles. The overall condition is excellent, but the slightly dated style of the kitchen and bathroom core elements prevents it from reaching an 'excellent' score.
Pros & Cons

Pros

Prime Downtown Location: Nestled in vibrant downtown Palo Alto, offering unparalleled walkability to top-tier dining, boutique shopping, and cultural attractions like the Stanford Theatre.
Exceptional 55+ Community Amenities: The Hamilton provides a luxurious, full-service lifestyle with a chef-prepared dining room, heated indoor pool, jacuzzi, spa-like fitness center, library, and 24/7 concierge.
Thoughtfully Updated Interior: The residence boasts brand-new flooring, fresh paint, energy-efficient LED lighting, high 10-foot ceilings, and abundant natural light, creating a bright and welcoming ambiance.
Flexible Layout with Value-Add Potential: Includes a versatile den/study, offering flexibility for guests or a home office, with a clear opportunity for the buyer to increase market value by converting it into a full third bedroom.
Private Outdoor Space & Easy Access: As a ground-floor unit, it offers easy access and a private patio opening to a garden, providing seamless indoor-outdoor living and a serene personal retreat.

Cons

Very High Association Fee: The substantial monthly association fee of $5600.0 represents a significant ongoing cost that will limit the pool of eligible buyers and impact overall affordability.
Age-Restricted Community (55+): The 55+ community designation inherently restricts the potential buyer demographic, potentially leading to a longer marketing period and a smaller pool of interested parties.
Limited Bedroom Count (Currently 2+Den): While offering a den/study, the property is not a true 3-bedroom unit without further modification, which may not meet the immediate needs of buyers specifically seeking more dedicated bedroom space.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state