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1033 Amarillo Ave Palo Alto, CA, 94303
$6,298,000 Home for sale 7 beds 4 baths 3,276 sqft
Discover an extraordinary opportunity in Palo Alto's vibrant midtown: a sprawling 21k sq ft property, one of the area's largest and most desirable lots. This unique offering includes 4 charming cottages: three 2-bed, 1-bath, and one 1-bed, 1-bath homes, complete with 5 garages, blending cozy living with vast development potential. Just got voted and approved for subdivision into two 10k sq ft lots, the site is ripe for the creation of two luxurious single-family homes, potentially spanning 5,000 sq ft each. The flexibility extends to the option of constructing two 4,000 sq ft main residences plus two expansive 1,200 sq ft ADUs, potentially leveraging the latest AB 1033 bill allowing ADUs to be sold as separate condos. This opens the door to transforming the property into four distinct units, with a resale value potential of $15-20M. The proposed development offers an exceptional profit margin, all within a prime location near Stanford University, Downtown Palo Alto, and top rated schools.
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Property details
3,276 sqft interior area
Property type
Home
Interior area
3,276 sqft
Land area
20,786 sqft (0.48 acres)
Price per sqft
$1,922/sqft
Days on Verhouse
40
Address
1033 Amarillo Ave, Palo Alto, CA, 94303
City of California
Palo Alto
County
Santa Clara
nr.of parking places
5
Stories
1
Year Built
1947
District
Listing
Stories
One Story
Open Houses
No upcoming open houses
Interior Features
5 parking places, Hardwood, Laminate, Tile, Wood floors
Beds
7
Baths
4
Floors
Hardwood, Laminate, Tile, Wood
Stories
One Story
Parking
5
Garage & Parking
Covered
Heathing & Cooling
None, Wall Furnace
Kitchen features
Dishwasher, Garbage Disposal
Other rooms
Dining Area
Appliances
Dishwasher, Disposal
Listed by
Wen Guo Re Group, KW Advisors
Name
Wen Guo Re Group
License number
70010161
Brokerage company
KW Advisors
MLS #
ML81953716
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Calculate your monthly payments
Mortgage
$19,337
Taxes
$0
HOA dues
$0
Mortgage
$1,259,600 / 20%
2.28%
30 years
Your amount
$19,337 / month
Exterior Features
Shingle roof
Roof
Shingle
Lot details
TMK #12702006
Parcel nr.
12702006
94303 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 94303
51%
Families with children
National average: 39%
34%
Non family households
235,953
Population
$204,350
Average Income
Age & gender
Median age 38 years
More info
Commute types
73% commute by car
More info
Education level
35% have professional education
More info
Number of employees
4% work in management
More info
Vehicles available
39% have 2 vehicle
More info
Vehicles by gender
39% have 2 vehicle
More info
Housing market insights for
$2.59m
Neighborhood average
sales price*
sales price*
$2.42m
Neighborhood median
sales price*
sales price*
293
Number
of sales*
of sales*
Housing type
54% are single detacheds
More info
Rooms
34% of the houses have 4 or 5 rooms
More info
Bedrooms
53% have 2 or 3 bedrooms
More info
Owners vs Renters
52% are owners
More info
7.17 / 20
Below Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
New Listing Mar 18, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Mar 18, 2024 | New Listing | $6,298,000 | 1922.47 | MLS #ML81958081 |
| Mar 18, 2024 | New Listing | $6,298,000 +25.96% | 1922.47 | MLS #ML81953716 |
| Jul 18, 2021 | Rented | $3,950 | 4.4 | MLS #ML81849798 |
| Jul 8, 2021 | Under contract | $3,950 | 4.4 | MLS #ML81849798 |
| Jun 18, 2021 | New Listing | $3,950 | 4.4 | MLS #ML81849798 |
| Apr 30, 2021 | Sold | $5,000,000 | 1526.25 | Public Record |
| Apr 30, 2021 | Price Decrease | $5,000,000 -9.06% | 1526.25 | MLS #ML81822540 |
| Apr 16, 2021 | Pending | $5,498,000 | 1678.27 | MLS #ML81822540 |
| Mar 16, 2021 | Under contract | $5,498,000 | 1678.27 | MLS #ML81822540 |
| Dec 7, 2020 | Price Decrease | $5,498,000 -31.17% | 1678.27 | MLS #ML81822540 |
| Dec 7, 2020 | New Listing | $7,988,000 +14.95% | 2438.34 | MLS #ML81822540 |
| Feb 8, 2024 | Withdrawn | $6,949,000 | 2121.18 | MLS #ML81802636 |
| Nov 21, 2020 | Unavailable | $6,949,000 | 2121.18 | MLS #ML81802636 |
| Oct 26, 2020 | Price Decrease | $6,949,000 -13.01% | 2121.18 | MLS #ML81802636 |
| Jul 24, 2020 | New Listing | $7,988,000 | 2438.34 | MLS #ML81802636 |
Taxes of 1033 Amarillo Ave, Palo Alto, CA, 94303
R1 zoning / MLS #ML81953716
Zoning
R1
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Frequently Asked Questions about 1033 Amarillo Ave
What is 1033 Amarillo Ave?
1033 Amarillo Ave, Palo Alto, CA, 94303 is a single family home located in the city of Palo Alto, California with zipcode 94303. This single family home has 7 bedrooms & 4 bathrooms with an interior area of 3,276 sqft.
Which year was this home built?
This home was build in 1947.
What is the full address of this Home?
1033 Amarillo Ave, Palo Alto, CA, 94303.
Are grocery stores nearby?
The closest grocery stores are The Market at Edgewood, 0.47 miles away and Safeway 1682, 0.67 miles away.
What is the neighborhood like?
The 94303 zip area has a population of 235,953, and 51% of the families have children. The median age is 38.34 years and 73% commute by car. The most popular housing type is "single detached" and 52% is owner.
Based on information from the bridgeMLS as of 04-26-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Apr 21, 2024
Verhouse Last checked less than a minute ago
The closest grocery stores are The Market at Edgewood, 0.47 miles away and Safeway 1682, 0.67 miles away.
The 94303 zip area has a population of 235,953, and 51% of the families have children. The median age is 38.34 years and 73% commute by car. The most popular housing type is "single detached" and 52% is owner.
*Neighborhood & street median sales price are calculated over sold properties over the last 6 months.
