941 College Avenue, Palo Alto, California 94306, Palo Alto, 94306 - 3 bed, 2 bath
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Palo Alto, California 94306
This Charming 1932 Character Residence is a Strategic Value Acquisition listed at $3,295,950—positioned well below the $3,340,086 Fair Market Value by 1%. This entry point offers $44,136 in Instant Equity in the prestigious College Terrace enclave. Maintaining a Condition Rating of 4, the home features original hardwood flooring and a private patio, providing a clear path for forced appreciation through modernization. Located steps from Stanford University and zoned for Palo Alto High School, it offers unmatched location stability within the Palo Alto Unified School District. This is an ideal opportunity for Owner-Occupants or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 941 College Avenue Subject | $3,295,950* List Price | 3 | 2 | 1,623 | $2,058 | - |
A 870 College Avenue Sold | $2,900,000 | 1 | 2 | 1,231 | $2,356 | 0.1 mi |
B 2145 Columbia St Sold | $3,100,000 | 4 | 3 | 1,456 | $2,129 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1932, the property is well-maintained but significantly dated. The kitchen features older oak cabinetry and tile countertops exceeding 20 years in age, and the presence of a window AC unit indicates the lack of a modern central HVAC system. While functional and move-in ready, the home requires updates to the kitchen, bathrooms, and mechanical systems to meet modern standards.
High School: Palo Alto High School (9/10).
Situated in one of Palo Alto's most prestigious and walkable neighborhoods, this home offers immediate proximity to Stanford University and the vibrant dining and shopping corridor of California Avenue.
The property provides access to the top-tier Palo Alto Unified School District, including highly-rated institutions such as Palo Alto High School and Escondido Elementary, which significantly bolsters long-term property value.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1623, other record living area = 1492.
As a structure dating back to 1932, the property may require ongoing maintenance or capital improvements to modernize aging systems such as plumbing, electrical, or insulation compared to newer builds.
With a list price exceeding $3.2M for 1,623 square feet of living space, the property represents a significant investment on a per-foot basis, which may be a constraint for buyers prioritizing interior volume.
Welcome to this charming and character-filled home nestled in the heart of College Terrace, just moments from the vibrant shops, cafes, and restaurants along California Avenue. This inviting 3-bedroom, 2-bath residence blends timeless appeal with everyday comfort, featuring beautiful hardwood flooring throughout and a thoughtfully designed layout. The spacious living room, anchored by a cozy wood-burning fireplace, flows seamlessly into a formal dining room perfect for both relaxed evenings and elegant entertaining. The eat-in kitchen offers a delightful built-in breakfast booth, along with a separate pantry and dedicated laundry room for added convenience. The serene primary suite provides a private retreat with dual sinks, a luxurious soaking tub, and a separate stall shower. Step outside to a charming yard ideal for barbecues and outdoor gatherings, while a detached two-car garage offers ample parking and storage. With its warmth, functionality, and unbeatable location in one of Palo Altos most sought-after neighborhoods, this home is a rare opportunity to enjoy the very best of College Terrace living.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 1.0 mi
Grades 6-8 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 44% |
| Baths | 2.0 | 2.5 | 50% |
| Square foot | 1,623 | 1,793.5 | 32% |
| Lot Size | 5,750 | 7,048.5 | 15% |
| Price | $3.30M | $3.50M | 44% |
| Price per sq ft | $2.0K | $2.0K | 59% |
| Built year | 1932 | 1953 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 33 | 119 | 3% |
Mar 20, 2026
$3,295,950
Initial Listing