Address
1033 Amarillo AVE, Palo Alto, CA
Price
$ 6,298,000
Property Attributes
- MLS#ML81953716
- TypeSingle Family
- CountySAN MATEO
- CityPalo Alto
- AreaSouth Palo Alto
- Zip94303
- Style
- Price$ 6,298,000
- Bedrooms7
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage3276
- Lot Size0.4772 Acres
Data Source:
MLSListings Inc.
Property Description
Discover an extraordinary opportunity in Palo Alto's vibrant midtown: a sprawling 21k sq ft property, one of the area's largest and most desirable lots. This unique offering includes 4 charming cottages: three 2-bed, 1-bath, and one 1-bed, 1-bath homes, complete with 5 garages, blending cozy living with vast development potential. Just got voted and approved for subdivision into two 10k sq ft lots, the site is ripe for the creation of two luxurious single-family homes, potentially spanning 5,000 sq ft each. The flexibility extends to the option of constructing two 4,000 sq ft main residences plus two expansive 1,200 sq ft ADUs, potentially leveraging the latest AB 1033 bill allowing ADUs to be sold as separate condos. This opens the door to transforming the property into four distinct units, with a resale value potential of $15-20M. The proposed development offers an exceptional profit margin, all within a prime location near Stanford University, Downtown Palo Alto, and top rated schools.
| Price History | |
|---|---|
| 3/19/2024 | Listed $6,298,000 |
General Features
| Heating | Wall Furnace |
|---|---|
| Cooling | None |
| Utilities | Public Utilities |
| Roof | Shingle,Composition |
| Water | Public |
| Number of Garage Spaces | 5 |
| Year Built | 1947 |
| Age | 77 |
| Property SubType | Single Family Home |
| City Limits (Y/N) | Yes |
| Zoning Text | R1 |
| Building Type | Detached |
| Incorporated Y/N | Yes |
| County | Santa Clara |
| Property Type | Residential |
| Special Listing Conditions | Not Applicable |
| Status | Active |
| City | PALO ALTO |
| MLS Area | South Palo Alto |
| Listing Agent State License | 70010161 |
| Virtual Tour | https://1033amarillo.com |
Interior Features
| Kitchen | Countertop - Solid Surface / Corian,Dishwasher,Garbage Disposal,Oven Range - Gas,Refrigerator |
|---|---|
| Flooring | Laminate,Stone,Tile,Carpet,Wood,Hardwood |
| Family Room | No Family Room |
| Dining Room | Dining Area |
| Living SqFt | 3276 |
| Full Baths | 4 |
| Laundry Features | Washer / Dryer,Inside |
| Total Bedrooms | 7 |
Exterior Features
| Parking Features | Covered Parking,Detached Garage |
|---|---|
| Horse Property | No |
| Lot Size Area | 20788.00 |
| Maximum Lot Size | 20788.00 |
| Sewer/Septic | Sewer - Public |
| Foundation Details | Concrete Slab |
| Building Area Total | 3276 |
| Lot Acres | 0.4772 |
| Lot Size Units | Square Feet |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 94303
Price
Visits
Year Built
Last updated: May 18, 2024 1:07 PM UTC Property Information © 2024 