561 Thain Way, Palo Alto, California 94306, Palo Alto, 94306 - 3 bed, 2 bath
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Palo Alto, California 94306
This Turnkey Condominium is a Strong Value Opportunity, listed at $1,695,000—positioned slightly above the $1,640,406 Fair Market Value. While the price reflects a premium, the property maintains a Condition Rating of 3, featuring modern stone countertops and contemporary flooring. Located in the prestigious Palo Alto Unified School District with access to Henry M. Gunn High School (9/10), it offers a serene, tree-lined lifestyle with private balconies. This residence is an ideal acquisition for Professional Couples or Owner-Occupants seeking a move-in ready home in a top-tier school district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 561 Thain Way Subject | $1,649,000* List Price | 3 | 2 | 1,445 | $1,126 | - |
A 4271 Ponce Drive Active | $1,998,000 List Price | 3 | 2 | 1,570 | $1,273 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1980 but recently updated throughout. The kitchen features modern stone countertops and stainless steel appliances, and the living areas have contemporary flooring and soaring ceilings. While some bathroom tiling appears dated, the home is well-maintained and move-in ready, fitting the 5-15 year renovation profile.
High School: Henry M. Gunn High School (9/10).
The property is situated within the prestigious Palo Alto Unified School District, offering access to top-rated institutions like Henry M. Gunn High School, which is a major driver for property value and demand.
Updated throughout with soaring ceilings, a dedicated office space, and multiple balconies, this home offers a contemporary, move-in-ready environment that appeals to modern professionals.
The monthly HOA fee of $1,050 is significantly high, which increases the total cost of ownership and may impact the purchasing power of potential buyers.
As a condominium built in 1980, the property lacks the private yard space and autonomy of a single-family home, which may be a drawback for buyers seeking more privacy and land value.
Come, see and enjoy this beautiful home, nestled amongst the trees in the desirable Barron Square community. Featuring three bedrooms, dedicated office space, a separate laundry room, an open floor plan with soaring ceilings and multiple balconies. Conveniently located near schools, including Gunn High School, parks, shopping, transportation, and so much more. Updated throughout, ready to move in and enjoy!
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.6 mi
Grades 6-8 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 94% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,445 | 1,385.5 | 94% |
| Lot Size | - | - | 50% |
| Price | $1.65M | $1.37M | 88% |
| Price per sq ft | $1.1K | $1.0K | 88% |
| Built year | 1980 | 1997 | 6% |
| HOA | $1050.0 | $828 | 94% |
| Days on market | 47 | 182 | 6% |
Jun 13, 2026
$1,649,000
$1,695,000
-3% Price Drop
Initial Listing
Apr 30, 2026
$1,695,000
Initial Listing
Sep 22, 2017
$1,600,000
Public Record
Mar 11, 2005
$749,000
Public Record