650 Ashton Avenue, Palo Alto, California 94306, Palo Alto, 94306 - 3 bed, 3 bath
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650 Ashton Avenue
Palo Alto, California 94306
ACTIVE
CONDITION: GOOD
3Beds
3Baths
1,100Sq Ft
5,982Lot Size
Property Price
LIST PRICE$2,788,000
EST. MARKET VALUE
$2,875,002
3% BelowMARKET VALUE
SUMMARY
This Mid-Century Modern Residence represents a Strong Value Opportunity, listed at $2,788,000—positioned well below the $2,875,002 Fair Market Value by 3%. This valuation gap provides $87,002 in Instant Equity. Featuring a Condition Rating of 3, the home includes a 420 sq ft detached cottage, solar panels, and mini-split A/C. Located in a top-tier district with 9/10 rated schools, this property is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors seeking a versatile, energy-efficient asset in Palo Alto.
Estimated Market Value
$2,875,002+$87,002 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Palo Alto.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 650 Ashton Avenue Subject 3 bd · 3 ba · 1,100 sqft · $2,614 | $2,788,000* List Price | 3 | 3 | 1,100 | $2,614 | - |
A 601 Bryson Avenue Sold 3 bd · 2 ba · 1,166 sqft · $2,830 · 0.9 mi | $3,300,000 | 3 | 2 | 1,166 | $2,830 | 0.9 mi |
B 3609 South Court Sold 3 bd · 2 ba · 1,175 sqft · $2,517 · 0.4 mi | $2,958,000 | 3 | 2 | 1,175 | $2,517 | 0.4 mi |
C 3057 South Court Sold 3 bd · 2 ba · 1,228 sqft · $2,659 · 0.6 mi | $3,265,000 | 3 | 2 | 1,228 | $2,659 | 0.6 mi |
D 4065 2nd Street Sold 3 bd · 1 ba · 1,050 sqft · $2,495 · 0.7 mi | $2,620,000 | 3 | 1 | 1,050 | $2,495 | 0.7 mi |
E 3420 Orinda Street Sold 2 bd · 2 ba · 1,200 sqft · $2,592 · 0.9 mi | $3,110,000 | 2 | 2 | 1,200 | $2,592 | 0.9 mi |
F 331 Carolina Lane Sold 4 bd · 2 ba · 1,374 sqft · $1,892 · 0.8 mi | $2,600,000 | 4 | 2 | 1,374 | $1,892 | 0.8 mi |
G 3543 Park Boulevard Active 2 bd · 1 ba · 966 sqft · $2,586 · 0.8 mi | $2,498,000 List Price | 2 | 1 | 966 | $2,586 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While the main structure dates to 1952, the property is well-maintained and move-in ready with significant modern upgrades including a newer roof, solar panels, and mini-split A/C systems. Interior images reveal recently renovated bathrooms and a modern detached cottage, though some cabinetry in the main house remains functional but dated.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Fairmeadow Elementary School (9/10). Middle School: Jane Lathrop Stanford Middle School (9/10). High School: Henry M. Gunn High School (9/10).
- Prime Location & Top-Tier Schools
Situated in highly desirable Midtown Palo Alto, the property offers walking distance to Mitchell Park and access to elite schools including Fairmeadow Elementary, JLS Middle, and Gunn High.
- Versatile Detached Cottage
The 420 sq ft detached cottage provides significant added value, serving as an ideal space for a home office, guest house, or potential rental unit to supplement the main residence.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5982, other record lot size in square feet = 5310.
- Compact Main Living Area
At only 1,100 square feet for the primary 3-bedroom residence, the interior living space may feel constrained for families or buyers accustomed to larger suburban footprints.
- High Price per Square Foot
With a list price of $2.788M, the property commands a premium price point that may be challenging for buyers seeking more substantial indoor square footage at this valuation.
About 650 Ashton Avenue
Great opportunity in Midtown Palo Alto! This light and bright mid-century modern home features 3 bedrooms, 2 bathrooms with 1,100 sf, plus a detached 420 sq ft cottage with a full bath. Features include vaulted ceilings, skylights, recessed lighting, mini-split A/C, a newer roof, and solar panels on both structures. Ideally located near Mitchell Park and Library, pickleball courts, Midtown shops, restaurants, and the Sunday California Avenue Farmers Market. Serviced by top-rated Palo Alto schools: Fairmeadow Elementary, JLS Middle, and Gunn High School.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1952
- Lot Size
- 5,982 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Palo Alto Unified Schools
Fairmeadow Elementary School
Grades K-5 • 0.2 mi
9/10
El Carmelo Elementary School
Grades K-5 • 0.7 mi
8/10
Jane Lathrop Stanford Middle School
Grades 6-8 • 0.2 mi
9/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.5 |
| Baths | 3.0 | 2.4 |
| Square foot | 1,100 | 1,780.218 |
| Lot Size | 5,982 | 7,183.641 |
| Price | $2.79M | $3.95M |
| Price per sq ft | $2.5K | $2.2K |
| Built year | 1952 | 1952 |
| HOA | $0 | $0 |
| Days on market | 8 | 30 |
Pricing History
Listed for Sale
Oct 16, 2026
$2,788,000
Initial Listing