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** Update: Now available to purchase on its own subject to partnership agreement.** Discover an extraordinary opportunity in Palo Alto's vibrant midtown: a beautiful 10k sqft lot, includes 2 charming cottages, both 2-bed, 1-bath homes with a 2 car garage, blending cozy living with vast development potential. It is part of a large lot 1033 Amarillo Ave, which is a 20k+ sqft site and just got voted and approved for subdivision into two 10k sq ft lots, this is the lot 1. The site is ripe for the creation of a luxurious single-family homes, potentially spanning 5,000 sq ft. The flexibility extends to the option of constructing a 4,000 sq ft main residence plus a separate ADU. The proposed development offers an exceptional quality for living large, while situated in prime convenient location, as the home is near Stanford University, Downtown Palo Alto, and top rated schools. Please note: This Lot 1 must be purchased in conjunction with Lot 2. The lot split will be granted once the new owner apply and obtain the building permit.
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Total Bedrooms : 4
Total Baths: 2
Full Baths: 2
Water Source : Public
Sewer : Public Sewer
Roof : Composition,Shingle
Property Appliances: Dishwasher,Disposal,Refrigerator
Flooring: Carpet,Laminate,Stone,Tile,Wood
None
Air Conditioning
Wall Furnace
Has Heating
Has Fireplace: 0
Year Built: 1947
Roof: Composition,Shingle
Slab
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.2449
Lot Size Source: Other
Lot Size Square Feet: 10668
Original List Price: 3,150,000
Listing Contract Date: 2024-03-18
Listing Agreement: Exclusive Right To Sell
Parcel Number: 12702006001
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: 699 - Not Defined
Directions: Cross Street: Greer
Zoning: R1
Source Property Type: Residential
Area: 699 - Not Defined
Property SubType: Single Family Residence
Property Age: 77
Common Walls: No Common Walls
Structure Type: Single Family Residence
Year Built Source: Assessor
Total Square Feet Living: 1720
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
883 Rorke Way, Palo Alto, CA,94303 | $5,450,000 | 5 | 3 | 3,425 | 7448.76 Sqft |
3117 Maddux Dr, Palo Alto, CA,94303 | $2,499,888 | 3 | 3 | 2,393 | 7200 Sqft |
3401 Kenneth Drive, Palo Alto, CA,94303 | $2,850,000 | 4 | 2 | 1,674 | 8400 Sqft |
1033 Amarillo Avenue, Palo Alto, CA,94303 | $6,298,000 | 7 | 4 | 3,276 | 20788 Sqft |
1033 Amarillo Avenue, Palo Alto, CA,94303 | $6,298,000 | 7 | -- | 3,276 | 20788 Sqft |
3751 Klamath Lane, Palo Alto, CA,94303 | $1,524,000 | 2 | 2 | 1,130 | -- |
538 Rhodes Drive, Palo Alto, CA,94303 | $6,988,000 | 6 | 5 | 4,950 | 7935 Sqft |
522 Jackson Drive, Palo Alto, CA,94303 | $3,850,000 | 4 | 3 | 2,054 | 6287 Sqft |
2391 Carmel Drive, Palo Alto, CA,94303 | $2,688,000 | 4 | 2 | 1,527 | 6000 Sqft |
2450 W Bayshore Road #7, Palo Alto, CA,94303 | $1,188,000 | 3 | 2 | 1,134 | -- |
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ByOwner last updated this listing 04/28/2024 @ 19:56
MLS: ML81958087
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.