What a week for Palo Alto! We’re finally getting some new inventory, and much of it is in the starter range for the city. We’re finding fewer and fewer mid-range homes, but seeing a lot of homes for sale in Old Palo Alto over the last few weeks, which is unusual.
Here are Palo Alto’s new homes:
171 Middlefield Road - 4 Bedrooms | 3.5 Bathrooms | 2,522 SF House | 7,500 SF Lot | $2,395,000. The spaced of this home are very well laid out, but there’s a lot to be remodeled. I like that the home has a reasonable backyard for the size. The master bedroom is on the more spacious side. You will want to keep in mind the noise that this property gets from both Middlefield and Embarcadero.
321 Poe Street - 1 Bedroom | 1 Bathroom | 678 SF Unit | 1,260 SF Lot | ____ HOA per Month | $649,000. Ok I’m a little biased because I’m listing this property. This unit has a solid floorplan and makes a great starter condo for a young/old couple with no children. The backyard is a rare feature for a downtown condo, and the new kitchen, carpeting, and floors are a nice touch. Also, the HOA dues are very low when compared to almost every other condo complex in north Palo Alto.
101 Alma Street, #204 - 1 Bedroom | 1 Bathroom | 913 SF Unit | $690 HOA per month | $575,000. 2nd floor unit in a large complex. The remodel on this unit was well thought out. Although I am not typically a fan of vinyl floors, this particular unit picked out a good tone for them. The unit feels a little small for the square footage given the hallways and spaces. A good starter option for a condo, but be aware of the high HOA dues.
460 Matadero Avenue - 2 Bedrooms | 2 Bathrooms | 1,220 SF House | 6,000 SF Lot | $1,195,000. Neat starter home in Ventura. We’re seeing Ventura gentrifying very quickly, and homes like this are becoming a great investment. This particular house has a large backyard and does a good job of laying out the interior spaces for a large living room and dining area. The best part is that the home has been remodeled enough that it is move-in ready. This would make an excellent choice for a family with 1 to 2 small children.
595 Homer Avenue - 3 Bedrooms | 2.5 Bathrooms | 1,524 SF House | 2,500 SF Lot | $1,995,000. This downtown home is built to impress. Although only covering a small plot of land, the home itself has top notch finishes and a decent amount of space. My only complaint is that some of the spaces felt narrow. However, the proximity to downtown is nice to have. The price feels big to me, but it may work given that the home is only 2 years old and has a nice location.
3806 Louis Road - 4 Bedrooms | 3 Bathrooms | 1,865 SF House | 6,825 SF Lot | $1,638,000. Two year old home in South Palo Alto. The design on this home is well planned for family gatherings, as there is a sitting area as well as an open kitchen/dining room. The bedrooms are on the smaller side.
3993 Laguna Avenue - 5 Bedrooms | 3.5 Bathrooms | 3,485 SF House | 9,779 SF Lot | $2,795,000. Perhaps the best feature of this home is how unassuming it looks from the street, yet the home itself is very large and on a large lot. The home has been well renovated and would make a very comfortable home for a larger family. Given how uncommon it is to find a 5 bedroom home in Barron Park, I think this home will be a big hit.
731 Loma Verde Avenue #B - 2 Bedrooms | 2.5 Bathrooms | 1,554 SF Unit | $630 per month HOA | $898,000. The location and age of this complex are big pluses. On the newer side for a condo complex, this unit has two nice, large bedrooms. The interior needs to be updated, and to me the spaces felt a little tight and narrow. The kitchen layout could also use some work. The angled patio is a nice touch for someone looking to have some comfortable outdoor space.
1911 Waverley Street - 4 Bedrooms | 3 Bathrooms | 3,028 SF House | 7,546 SF Lot | $3,750,000. An older but well kept up home. For the price of the home, the putting green in the back felt tacky. That aside, the grounds are gorgeous, and the interior, although dark, has a floorplan with a lot of potential. This home’s location is prime Old Palo Alto, and the home’s size make this an excellent option for someone looking to renovate an older house in a prime location.
744 Ramona Street - 2 Bedrooms | 2.5 Bathrooms | 1,350 Unit | $794 per month HOA | $1,100,000. These condos are really nice inside. One of my favorite condo complexes in Palo Alto, the Ramona Commons have units with generous floorplans and a very comfortable feel to them. They are not a good option for older families, given that there are so many stairs. This particular unit needs to be updated, but will definitely work for a family that needs a place now. With 2 bedrooms, it makes a great work-at-home option with the second bedroom as an office.
808 Richardson Court - 3 Bedrooms | 2 Bathrooms | 1,584 SF House | 7,040 SF Lot | $1,299,000. Eichler home in South Palo Alto. This home needs to be totally updated, and is priced at lot value. The layout is standard for a 3 bedroom Eichler with 2 bedrooms to one side, and the master on the other. This home could be a nice project for a buyer who does not need to move in immediately.
1945 Byron Street - 3 Bedrooms | 2 Bathrooms | 1,523 SF House | 7,370 SF Lot | $2,790,000. Totally original home in Old Palo Alto. I like Byron street, but this home felt overpriced to me given the lot size. The house will need extensive renovations.
2325 Santa Ana Street - 3 Bedrooms | 1 Bathroom | 950 SF House | 6,325 SF Lot | $1,298,000. Located in Green Gables, this little cottage is a neat option for someone who is just starting out in palo Alto and wants to live in North Palo Alto. The home could use some light updating throughout, and maybe a change in flooring from carpet to hardwood in some areas. The backyard is nice, and the lot is a solid size. Some of the spaces felt cramped, but given that the home has three bedrooms and is 950 SF, it’s somewhat expected.
555 Byron Street #206 - 3 Bedrooms | 2.5 Bathrooms | 1,825 SF Unit | $4,211 per month HOA | $1,100,000. 55+ Buyers only. If you are an active person or couple over the age of 55, this complex provides almost every amenity you would need while allowing you to live with independence. The unit itself is reasonably updated, and having two master suites makes it possible for in unit-care if needed.
1016 Cathcart Way - 4 Bedrooms | 2.5 Bathrooms | 2,534 SF House | 11,880 SF Lot | $1,720,000. Stanford Faculty/Staff Only. If you are part of Stanford faculty and don’t mind doing some remodeling work, this home may be a nice option. The house layout was surprisingly large, and with some surface remodeling throughout the home, the house could be really neat. You will definitely want to take a look at the backyard on this property and imagine what it would be like if the overhang were new and covered enough to provide more shade.
3807 Corina Way - 3 Bedrooms | 2.5 Bathrooms | 1,651 SF House | 6,500 Sf Lot | $1,499,000. This home is similar to Richardson Court except that it has been remodeled. You’ll find that the floorplan is almost identical. This home has seen some nice remodeling, and is located in a nice part of Adobe Meadows. The kitchen remodel wasn’t done on a grand scale, but it did a nice job opening up the kitchen and making the home better for entertaining.
1854 Bryant Street - 3 Bedrooms | 3 Bathrooms | 3,166 SF House | 6,534 SF Lot | $3,100,000. Stellar location in Old Palo Alto. I used to ride my bicycle by this house as a kid and always wondered what it looked like inside. It lived up to the hype. Really neat vaulted ceilings give almost every room in the house a cathedral like feel. Although the lot isn’t enormous, the backyard spaces are well closed in and usable. The upstairs suffers a bit from the sloped ceilings, but overall it isn’t as bad as it looked in the pictures. This home would make a fun, if not unique, family home.
572 Vista Avenue - 2 Bedrooms | 2 Bathrooms | 1,109 SF Unit | $406 per month HOA | $650,000. Located in the Green Acres neighborhood, this condo needs an update. The spaces are well laid out and provide a generous living room, but the entry feels a bit on the small side. The entire condo will need some updating. If you are looking to get into the excellent schools, this could make a solid option. Keep in mind the HOA fees, which are about average for Palo Alto.
3309 Emerson Street - 4 Bedrooms | 4.5 Bathrooms | 2,420 SF House | 6,250 SF Lot | $2,195,000. The kitchen alone make this house worth a visit. This newer house in Midtown has some large, open spaces, yet does a good job with keeping the bedrooms bright and cheerful. The second floor layout is a bit funky, but flows well enough. Given the size and price of this home, don’t expect it to last long on the market.