660 Palo Alto Avenue, Palo Alto, California 94301, Palo Alto, 94301 - 3 bed, 2 bath
660 Palo Alto Avenue
Palo Alto, California 94301
Property Price
SUMMARY
Analysis of 660 Palo Alto Avenue, Palo Alto, California 94301 reveals a Fairly Priced Property with a current list price of $3,475,000 aligned with the estimated $3,475,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Palo Alto Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 660 Palo Alto Avenue Subject | $3,475,000* List Price | 3 | 2 | 2,400 | $1,448 | - |
A 566 Addison Avenue Sold | $3,325,000 | 3 | 2 | 2,316 | $1,436 | 0.8 mi |
B 1015 High Street Sold | $3,800,000 | 2 | 3 | 2,526 | $1,504 | 1.0 mi |
C 1100 Bryant Street Sold | $3,900,000 | 3 | 2 | 2,290 | $1,703 | 1.0 mi |
D 543 Everett Court Active | $3,950,000 List Price | 4 | 2 | 2,578 | $1,532 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and has been extensively updated, featuring a fully finished self-contained basement and modernized kitchens with stainless steel appliances from Bosch, LG, and Samsung. While the home dates to 1921, the interior boasts vaulted ceilings, hardwood floors, and a primary suite with a jetted tub and dual vanity. The use of granite and tumbled stone suggests the renovations occurred within the 5-15 year window, placing it firmly in the 'good' category rather than 'excellent' which requires more recent, cutting-edge finishes.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Palo Alto High School (9/10).
- Exceptional Rental or Multi-Gen Potential
The fully finished, self-contained basement with a separate outdoor entry, full kitchen, and two bedrooms provides rare 'optionality' for significant rental income or multi-generational living.
- Prime Walkable Location
Situated just blocks from downtown Palo Alto and close to Stanford University and CalTrain, this property offers an elite lifestyle with high walkability to world-class dining and transit.
CONSRISKS & DEFICIENCIES
- Limited Lot Size
At approximately 4,792 square feet, the lot is relatively compact for the price point, which may limit outdoor recreational space or future expansion possibilities.
- Historic Infrastructure Risks
Built in 1921, the home may present maintenance challenges or require upgrades to century-old underlying systems that are not immediately visible in the modern interior renovations.
About 660 Palo Alto Avenue
Located just blocks to downtown Palo Alto this home offers an open floor plan with vaulted ceilings, multiple windows plus finished basement with separate outdoor entry for optionality. The impressive great room is the central gathering place with gas fireplace, hardwood floors and dining area. Adjacent kitchen includes granite counter tops, tumbled stone back splash with stainless steel appliances including LG refrigerator, Bosh dishwasher, gas Elan range and oven. The primary bedroom includes en suite bath with dual vanity, jetted tub, stall shower with glass enclosure and walk in closet. Additional office with vaulted ceiling is a bonus off of the primary bedroom. Two additional bedrooms share a hallway bath with a tub/shower combination. The basement has a separate outdoor entry and includes two bedrooms, one and a half bathrooms and full kitchen with stainless steel Samsung gas range, LG refrigerator and LG washer/dryer. The wrap around backyard includes a fire pit for evening relaxing, raised planter beds and olive trees. Excellent Palo Alto schools and incredible opportunity and optionality with the completely separate and self contained basement. Outstanding location with close proximity to Cal Train, downtown Palo Alto and Menlo Park, HWY 101 and Stanford University.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1921
- Lot Size
- 4,792 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Palo Alto Unified Schools
Addison Elementary School
Grades K-5 • 0.8 mi
David Starr Jordan Middle School
Grades 6-8 • 1.8 mi
Palo Alto High School
Grades 9-12 • 1.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 45% |
| Square foot | 2,400 | 2,332 | 52% |
| Lot Size | 4,792 | 6,420 | 24% |
| Price | $3.48M | $4.28M | 27% |
| Price per sq ft | $1.4K | $2.2K | 6% |
| Built year | 1921 | 1923 | 45% |
| HOA | $0 | $0 | 50% |
| Days on market | 198 | 156 | 70% |
Pricing History
Listed for Sale
Aug 21, 2025
$3,475,000
Initial Listing