756 Encina Grande Drive, Palo Alto, California 94306, Palo Alto, 94306 - 2 bed, 1 bath

756 Encina Grande Drive, Palo Alto, California 94306 home-pic-0
ACTIVE$2,998,000
756 Encina Grande Drive, Palo Alto, California 94306
2Beds
1Bath
1,005Sqft
7,458Lot

Price Vs. Estimate

The estimated value ($2,817,402.22) is $180,597.78 (6%) lower than the list price ($2,998,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Location & Neighborhood: Nestled in Barron Park, Palo Alto, a highly sought-after neighborhood known for its small-town warmth, community connection, and proximity to world-class amenities and tech epicenters like Stanford and Silicon Valley.
Top Cons:
Age and Condition of Existing Structure: Built in 1949, the existing 1005 sqft home is likely dated and requires extensive renovation or is a prime candidate for a complete rebuild, implying significant additional investment beyond the purchase price.

Compared to the nearby listings

Price:$3.00M vs avg $3.58M ($-577,000)20%
Size:1,005 sqft vs avg 2,014.5 sqft3%
Price/sqft:$3.0K vs avg $1.9K98%

More Insights

Built in 1949 (76 years old).
Condition: Built in 1949, this property is explicitly marketed as a 'canvas' for a 'complete renovation' or 'building your dream home from the ground up,' indicating a need for substantial rehabilitation. While some cosmetic updates like fresh paint, recessed lighting, and a modern bathroom vanity are present, the kitchen features a very old, vintage stove, suggesting this major component has not been significantly updated in many decades. This aligns with the 'poor' condition criteria, requiring substantial repairs and rehabilitation to meet modern standards, even if the property is currently livable.
Year Built
1949
Close
-
List price
$3M
Original List price
$3M
Price/Sqft
$2,983
HOA
-
Days on market
-
Sold On
-
MLS number
ML82025550
Home ConditionPoor
Features
Patio
View-

About this home

This charming Barron Park home is nestled on a generous, spacious lot brimming with potential. Whether you're envisioning a complete renovation, an exciting expansion, or building your dream home from the ground up, this property offers the rare canvas you've been searching for in one of Palo Alto's most beloved neighborhoods. Barron Park seamlessly blends small-town warmth with world-class amenities. Surrounded by nature, you're moments from 13.8-acre Cornelis Bol Park, the iconic Stanford Dish Hiking Trailhead, and the serene trails of Pearson-Arastradero Preserve. Daily conveniences are equally accessible - California Avenue and San Antonio Center deliver excellent dining and shopping, while the Farmers Market brings the community together with fresh local produce and artisan finds. With I-280, Foothill Expressway, and public transit at your fingertips, commutes to Stanford, Stanford Research Park, and Silicon Valley's tech epicenters are effortless. Families will appreciate proximity to top-rated Juana Briones Elementary, Ellen Fletcher Middle, and Henry M. Gunn High (buyer to verify). This is more than a home, it's an invitation to craft your ideal lifestyle in a neighborhood that celebrates education, outdoor recreation, community connection, and professional opportunity.

Nearby schools

7/10
Juana Briones Elementary School
Public,K-50.2mi
7/10
Barron Park Elementary School
Public,K-50.3mi
7/10
Terman Middle School
Public,6-80.5mi
9/10
Henry M. Gunn High School
Public,9-120.8mi
Condition Rating
Poor

Built in 1949, this property is explicitly marketed as a 'canvas' for a 'complete renovation' or 'building your dream home from the ground up,' indicating a need for substantial rehabilitation. While some cosmetic updates like fresh paint, recessed lighting, and a modern bathroom vanity are present, the kitchen features a very old, vintage stove, suggesting this major component has not been significantly updated in many decades. This aligns with the 'poor' condition criteria, requiring substantial repairs and rehabilitation to meet modern standards, even if the property is currently livable.
Pros & Cons

Pros

Prime Location & Neighborhood: Nestled in Barron Park, Palo Alto, a highly sought-after neighborhood known for its small-town warmth, community connection, and proximity to world-class amenities and tech epicenters like Stanford and Silicon Valley.
Significant Lot Potential: The property sits on a generous, spacious lot (7,458 sqft) offering a rare canvas for complete renovation, exciting expansion, or building a dream home from the ground up, maximizing future value.
Top-Rated School District: Zoned for highly acclaimed Palo Alto Unified schools, including Juana Briones Elementary, Ellen Fletcher Middle, and the top-rated Henry M. Gunn High School (rated 9), a major draw for families.
Abundant Outdoor Recreation: Surrounded by nature, with immediate access to 13.8-acre Cornelis Bol Park, the iconic Stanford Dish Hiking Trailhead, and the serene trails of Pearson-Arastradero Preserve.
Excellent Accessibility & Local Amenities: Conveniently located near California Avenue and San Antonio Center for dining and shopping, a vibrant Farmers Market, and effortless commutes via I-280, Foothill Expressway, and public transit.

Cons

Age and Condition of Existing Structure: Built in 1949, the existing 1005 sqft home is likely dated and requires extensive renovation or is a prime candidate for a complete rebuild, implying significant additional investment beyond the purchase price.
Limited Current Living Space: With only 2 bedrooms and 1 bathroom across 1005 sqft, the current home offers limited living space, which may not meet the needs of many Palo Alto buyers without substantial expansion.
High Entry Price for a 'Project': The list price of nearly $3 million for a property described as a 'canvas' indicates that buyers are primarily paying for the land and location, with substantial further capital expenditure expected to realize its full potential.

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