** 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.
This property is $198.1K more than the Median Sold Price and $160/SqFt more than other homes in Palo Alto, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #ML81958087
Listing Office:
Office Name: KW Advisors
Office Phone: (650) 627-3700
Listing Agent: Wen Guo RE Group
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/27/2024, 7:25:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
9
/10
Ohlone Elementary School
950 Amarillo Ave
Distance between this listing and this school0.20 miles
Public District Grades KG-5
8
/10
Palo Verde Elementary School
3450 Louis Rd
Distance between this listing and this school0.87 miles
Public District Grades KG-5
9
/10
Herbert Hoover Elementary School
445 E Charleston Rd
Distance between this listing and this school1.68 miles
Public District Grades KG-5
Middle School
8
/10
Jane Lathrop Stanford Middle School
480 E Meadow Dr
Distance between this listing and this school1.36 miles
Public District Grades 6-8
High School
9
/10
Palo Alto High School
50 Embarcadero Rd
Distance between this listing and this school1.97 miles
Public District Grades 9-12
Assigned Schools
9
/10
Ohlone Elementary School
950 Amarillo Ave
Distance between this listing and this school0.20 miles
Public District Grades KG-5
8
/10
Palo Verde Elementary School
3450 Louis Rd
Distance between this listing and this school0.87 miles
Public District Grades KG-5
9
/10
Herbert Hoover Elementary School
445 E Charleston Rd
Distance between this listing and this school1.68 miles
Public District Grades KG-5
Assigned Schools
8
/10
Jane Lathrop Stanford Middle School
480 E Meadow Dr
Distance between this listing and this school1.36 miles
Public District Grades 6-8
Nearby Schools
7
/10
David Starr Jordan Middle School
750 N California Ave
Distance between this listing and this school0.73 miles
Public District Grades 6-8
2
/10
Cesar Chavez Elementary School
2450 Ralmar Ave
Distance between this listing and this school2.54 miles
Public District Grades 6-8
Assigned Schools
9
/10
Palo Alto High School
50 Embarcadero Rd
Distance between this listing and this school1.97 miles
Public District Grades 9-12
Nearby Schools
3
/10
East Palo Alto Academy
475 Pope St
Distance between this listing and this school2.37 miles
Public Charter Grades 9-12
9
/10
Henry M. Gunn High School
780 Arastradero Rd
Distance between this listing and this school2.90 miles
The neighbors living near this home have an average income of $115,735. The majority of Palo Alto, CA residents have income between $100k-200k annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1031 Amarillo Ave
What is the listing price of this property?
The listing price of 1031 Amarillo Ave property is $3,150,000.
What type of property is this?
The property 1031 Amarillo Ave is a house located in Palo Alto, California, 94303.
Is this property for sale now?
Active Listing: 1031 Amarillo Ave is For Sale (Active/New) which means the seller is accepting offers.
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This home is located at 1031 Amarillo Ave in Palo Alto, CA and zip code 94303 in the Midtown neighborhood. This 1,720 square foot home, which was built in 1947, sits on a 0.24 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 19, 2024 and is currently priced at $3,150,000.
In March 2024 more than 27 listings in Palo Alto, CA were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 8 were sold below. In March 2024 in Palo Alto, CA there were 31.6% more homes for sale than in February 2024. In March 2024 median list price was $2,951,875 and the average listing age was 26 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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