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William Chen and Joyce Kuo

William Chen and Joyce Kuo

Client's Satisfaction Is Our Goal!

271 Addison AVE, Palo Alto

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2 Bedrooms
2 Full Baths
1,239 Square Feet

$1,500,000

  • Status: Sold
  • Bedrooms: 2
  • Bathrooms: 2 Full
  • Square Footage (+/-): 1,239
  • Lot Size: 6,405
  • Listed: 11/6/2019
  • Sold Date: 3/27/2020
  • Type: Single Family Home
  • Year Built: 1896
  • MLS: ML81774838
  • Elementary School District:
    Palo Alto Unified District
  • High School District:
    Palo Alto Unified District
  • Elementary School:
  • Middle School:
  • High School:
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Mortgage payment: $6,441/mo.
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About 271 Addison AVE

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.

  • Garage Parking Features
    • On Street
    • Parking Area
  • General Features
    • Cooling: None
    • Dining Room: Formal Dining Room
    • Family Room: No Family Room
    • Heating: Forced Air
    • Horse Property: No
    • Laundry: In Utility Room
    • Listing Class: Residential
    • Listing Service: Full Service
    • Roof: Composition
    • Sewer Septic: Sewer Connected
    • Subclass: Single Family Home
    • Water: Public

Schools Near 271 Addison AVE

Elementary Schools
School Name Type Grades Distance * District Info

* Distance represented in miles.

Middle Schools
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* Distance represented in miles.

High Schools
School Name Type Grades Distance * District Info

* Distance represented in miles.

Other Schools
School Name Type Grades Distance * District Info

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$1,500,000

271 Addison AVE
Palo Alto, CA 94301

  • Status: Sold
  • Bedrooms: 2
  • Bathrooms: 2 Full
  • Square Footage (+/-): 1,239
  • Lot Size: 6,405
  • Listed: 11/6/2019
  • Sold Date: 3/27/2020
  • Type: Single Family Home
  • Year Built: 1896
  • MLS: ML81774838
  • Elementary School District:
    Palo Alto Unified District
  • High School District:
    Palo Alto Unified District
  • Elementary School:
  • Middle School:
  • High School:
Schedule a Showing Save as Favorite Comparables
Mortgage payment: $6,441/mo.
close
Property Value:
Down Payment:
or
%
Interest Rate:
%
Loan Duration:
months, or
years
Monthly Payment:

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Listed by Chris Iverson, Golden Gate Sotheby's International Realty

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Updated on 4/26/2024