SOLD 03/27/2020
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Home sold for $1,500,000 in 142 days
271 Addison Ave Palo Alto, CA, 94301
Off the market 2 beds 2 baths 1,239 sqft
Downtown single family home for a condominium price! This historic Folk Victorian cottage was originally built in 1896, and has been updated while still retaining its Victorian charm. A newer kitchen and baths provide modern amenities, while the period architectural details and spacious back yard make this a quiet sanctuary in Professorville just a few blocks from bustling University Avenue. This is a leasehold on a 99 year, non-renewing lease. The house has sold several times since then, and the lease is still in effect, expiring in 2062, 42 years from now. The current lease payment is $1643/month and indexes every five years based on the CPI. The homeowner can expand or remodel within the guidelines of the City of Palo Alto. Currently, the property will revert to the landowners, less improvements, at the end of the lease.
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Property details
1,239 sqft interior area
Property type
Home
Interior area
1,239 sqft
Land area
6,403 sqft (0.15 acres)
Price per sqft
$1,210/sqft
Address
271 Addison Ave, Palo Alto, CA, 94301
City of California
Palo Alto
County
Santa Clara
Sold price
$1,500,000
Year Built
1896
District
All Other Counties/states
Open Houses
No upcoming open houses
Interior Features
—
Beds
2
Baths
2
Garage & Parking
Parking Area
Heathing & Cooling
None, Forced Air Heating (1 Zone)
Other rooms
Formal Dining Room
Listed by
Chris Iverson, Golden Gate Sotheby's International Realty
Name
Chris Iverson
License number
01708130
Brokerage company
Golden Gate Sotheby's International Realty
MLS #
ML81774838
Buyer agent
Name
Stephanie von Thaden
Brokerage company
Golden Gate Sotheby's International Realty
Payment calculator
Calculate your monthly payments
Mortgage
$4,606
Taxes
$0
HOA dues
$0
Mortgage
$300,000 / 20%
2.28%
30 years
Your amount
$4,606 / month
Exterior Features
Composition Shingles roof and more
Roof
Composition Shingles
Pool
No
Lot details
TMK #12028062
Parcel nr.
12028062
94301 info
Essentials nearby
Neighborhood stats
Coffee shops
—
no data
Bus stop
—
no data
Supermarket
—
no data
Costco
—
no data
Hospital
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no data
Park
—
no data
Beach
—
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 94301
51%
Families with children
National average: 39%
32%
Non family households
157,619
Population
$245,587
Average Income
Age & gender
Median age 39 years
More info
Commute types
72% commute by car
More info
Education level
36% have professional education
More info
Number of employees
6% 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
$3.05m
Neighborhood average
sales price*
sales price*
$2.74m
Neighborhood median
sales price*
sales price*
326
Number
of sales*
of sales*
Housing type
61% are single detacheds
More info
Rooms
33% of the houses have 4 or 5 rooms
More info
Bedrooms
53% have 2 or 3 bedrooms
More info
Owners vs Renters
57% are owners
More info
ADU Accessory Dwelling Unit
Description
Guest/Pool Hous, 780 sqft
Baths
1 full
Kitchen
Yes
Schools
15 schools with rating up to 10
| School rating | Distance | |
|---|---|---|
|
AltSchool Palo Alto
930 Emerson Street,
Palo Alto, CA 94301
Elementary School |
0.117mi | |
|
AltSchool Palo Alto
930 Emerson Street,
Palo Alto, CA 94301
Middle School |
0.117mi | |
| out of 10 |
Palo Alto High School
50 Embarcadero Road,
Palo Alto, CA 94301
High School |
0.298mi |
| School rating | Distance | |
|---|---|---|
|
AltSchool Palo Alto
930 Emerson Street,
Palo Alto, CA 94301
|
0.117mi | |
| out of 10 |
Addison Elementary School
650 Addison Avenue,
Palo Alto, CA 94301
|
0.402mi |
|
Tru
1295 Middlefield Rd,
Palo Alto, CA 94301
|
0.535mi | |
| out of 10 |
Walter Hays Elementary School
1525 Middlefield Road,
Palo Alto, CA 94301
|
0.705mi |
|
St. Elizabeth Seton
1095 Channing Avenue,
Palo Alto, CA 94301
|
0.775mi | |
| School rating | Distance | |
|---|---|---|
|
AltSchool Palo Alto
930 Emerson Street,
Palo Alto, CA 94301
|
0.117mi | |
|
Castilleja School
1310 Bryant Street,
Palo Alto, CA 94301
|
0.306mi | |
|
St. Elizabeth Seton
1095 Channing Avenue,
Palo Alto, CA 94301
|
0.775mi | |
|
Living Wisdom School Of Palo Alto
456 College Avenue,
Palo Alto, CA 94306
|
1.14mi | |
| out of 10 |
David Starr Jordan Middle School
750 North California Avenue,
Palo Alto, CA 94303
|
1.21mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Palo Alto High School
50 Embarcadero Road,
Palo Alto, CA 94301
|
0.298mi |
|
Castilleja School
1310 Bryant Street,
Palo Alto, CA 94301
|
0.306mi | |
|
Living Wisdom School Of Palo Alto
456 College Avenue,
Palo Alto, CA 94306
|
1.14mi | |
|
Fusion Academy Palo Alto
2191 East Bayshore Road,
Palo Alto, CA 94303
|
1.849mi | |
|
Bear Hollow School
3790 El Camino Real,
Palo Alto, CA 94306
|
2.14mi | |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Sold Mar 27, 2020
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Mar 27, 2020 | Sold | $1,500,000 | 1210.65 | Public Record |
| Mar 27, 2020 | Price Decrease | $1,500,000 -11.76% | 1210.65 | MLS #ML81774838 |
| Mar 6, 2020 | Pending | $1,700,000 | 1372.07 | MLS #ML81774838 |
| Nov 7, 2019 | New Listing | $1,700,000 +41.67% | 1372.07 | MLS #ML81774838 |
| Jul 14, 2017 | Sold | $1,200,000 | 968.52 | Public Record |
| Jun 14, 2017 | Under contract | $1,200,000 | 968.52 | MLS #ML81648735 |
| Apr 27, 2017 | New Listing | $1,200,000 | 968.52 | MLS #ML81648735 |
Taxes of 271 Addison Ave, Palo Alto, CA, 94301
R2 zoning / MLS #ML81774838
Zoning
R2
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Frequently Asked Questions about 271 Addison Ave
What is 271 Addison Ave?
271 Addison Ave, Palo Alto, CA, 94301 is a single family home located in the city of Palo Alto, California with zipcode 94301. This single family home has 2 bedrooms & 2 bathrooms with an interior area of 1,239 sqft.
Which year was this home built?
This home was build in 1896.
Which year was this property last sold?
This property was sold in 2020.
What is the full address of this Home?
271 Addison Ave, Palo Alto, CA, 94301.
Are grocery stores nearby?
The closest grocery stores are SOS Fine Foods, 0.08 miles away and Whole Foods Market, 0.21 miles away.
What is the neighborhood like?
The 94301 zip area has a population of 157,619, and 51% of the families have children. The median age is 39.02 years and 72% commute by car. The most popular housing type is "single detached" and 57% is owner.
Based on information from the bridgeMLS as of 04-16-2024. 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: Mar 28, 2020
Verhouse Last checked 1 year ago
Nearby schools include AltSchool Palo Alto, AltSchool Palo Alto and Palo Alto High School.
The closest grocery stores are SOS Fine Foods, 0.08 miles away and Whole Foods Market, 0.21 miles away.
The 94301 zip area has a population of 157,619, and 51% of the families have children. The median age is 39.02 years and 72% commute by car. The most popular housing type is "single detached" and 57% is owner.
*Neighborhood & street median sales price are calculated over sold properties over the last 6 months.
