1031 Amarillo Avenue, Palo Alto

$3,150,000

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4 Beds
2 Baths
1,720 Sqft
.24 Acre
2 Garages

** 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.

Essential Information

MLS® #
ML81958087
Price
$3,150,000
Bedrooms
4
Bathrooms
2.00
Full Baths
2
Square Footage
1,720
Acres
0.24
Year Built
1947
Type
Residential
Sub-Type
Single Family Residence
Status
Active

Community Information

Address
1031 Amarillo Avenue
Area
699 - Not Defined
City
Palo Alto
County
Santa Clara
Zip Code
94303
Senior Community
N

Amenities

Parking Spaces
2
# of Garages
2

Interior

Heating
Wall Furnace
Cooling
None
# of Stories
1

Interior

Carpet, Laminate, Stone, Tile, Wood

Appliances

Dishwasher, Disposal, Refrigerator

Exterior

Roof
Composition, Shingle
Foundation
Slab

School Information

District
Palo Alto Unified

Additional Information

Date Listed
March 18th, 2024
Days on Market
46
Zoning
R1

Listing Details

Agent
Wen Guo Re Group
Office
KW Advisors
Property History
Price Increased from $3,149,000 to $3,150,000

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Buyer's Agent

Jeremiah Moersch REALTOR®

Office: 760-533-2540
Listing Agent
Wen Guo Re Group - KW Advisors

Based on information from California Regional Multiple Listing Service, Inc. as of May 3rd, 2024 at 4:50pm PDT. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.