1555 Alma Street, Palo Alto, California 94301, Palo Alto, - bed, bath

home-pic
ACTIVE$2,900,000
1555 Alma Street, Palo Alto, California 94301
3Beds
2Baths
1,316Sqft
5,660Lot
Year Built
1937
Close
-
List price
$2.9M
Original List price
$3.5M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82014936
Home ConditionExcellent
Features
Deck
Patio
ViewNeighborhood

About this home

Nestled in the heart of Palo Alto, this charming 3b/1b 1316 sf 1.5-story home on a beautifully landscaped 5672 lot offers the perfect blend of comfort, convenience, and character. Situated within the highly-rated Palo Alto school district (Walter Hays, Greene Middle, & Palo Alto High), this location offers well-connected community opportunities. Just a short walk from the nearby train station, commuting and exploring the Bay Area is a breeze. The home is located in a highly walkable neighborhood with cafes, shops, and parks just steps away. Inside, a stylish color palette featuring soft neutrals, warm wood tones, and clean modern finishes creates a welcoming and timeless atmosphere. The finished lower level offers flexible space ideal for a home office, media room, or guest suite. A modern tankless water heater ensures energy efficiency, while the beautifully landscaped backyard enclosed by a rich wood fence offers a private oasis for outdoor dining, gardening, or simply relaxing. With its spacious outdoor setting and thoughtfully updated features, this home is an exceptional find in one of Silicon Valleys most desirable communities.

Nearby schools

8/10
Walter Hays Elementary School
Public,K-50.6mi
7/10
Addison Elementary School
Public,K-50.8mi
8/10
David Starr Jordan Middle School
Public,6-80.9mi
9/10
Palo Alto High School
Public,9-120.4mi

Price History

Date
Event
Price
08/30/25
Price Change
$2,900,000-17.1%
07/17/25
Listing
$3,500,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (41 Listings)
Beds34
33%
Baths24
24%
Square foot1,3162,655
12%
Lot Size5,6607,500
26%
Price$2.9M$5.36M
14%
Price per square foot$2,204$2,056.5
71%
Built year19379685969
50%
HOA
Days on market111150
36%
Condition Rating
Excellent

Despite being built in 1937, this property has clearly undergone an extensive and high-quality recent renovation. The kitchen features modern white shaker cabinets, quartz countertops, stylish backsplash, and new stainless steel appliances. Both bathrooms are completely updated with contemporary vanities, fixtures, tiling, and lighting. Throughout the home, there are modern light fixtures (recessed lighting, chandeliers), updated flooring (hardwood and modern tile), and a fresh, neutral paint palette. The description also notes a modern tankless water heater. All visible components appear new or virtually new, indicating a full renovation within the last 5 years, aligning perfectly with the 'Excellent' condition criteria.
Pros & Cons

Pros

Prime Palo Alto Location: Nestled in the heart of Palo Alto, this property is situated in one of Silicon Valley's most desirable communities, offering unparalleled access to amenities and a prestigious address.
Top-Tier School District: The home is located within the highly-rated Palo Alto school district, including Walter Hays, Greene Middle, and Palo Alto High, a significant draw for families.
Exceptional Walkability & Commuter Access: Enjoy a highly walkable neighborhood with cafes, shops, and parks just steps away, coupled with a short walk to the train station for convenient Bay Area commuting.
Flexible Finished Lower Level: The finished lower level provides versatile space, ideal for a home office, media room, or guest suite, adding significant functional value to the property.
Private, Landscaped Outdoor Oasis: A beautifully landscaped backyard, enclosed by a rich wood fence, offers a private and serene oasis perfect for outdoor dining, gardening, or relaxation.

Cons

Limited Bathroom Count: With only one bathroom for three bedrooms, the property may present a functional limitation for families or multiple occupants, potentially requiring future renovation.
Older Construction: Built in 1937, while charming, the property's age may imply potential for older infrastructure (e.g., electrical, plumbing beyond the water heater) that could require future maintenance or upgrades.
Significant Price Adjustment: The property has undergone a substantial price reduction from $3.5M to $2.9M, which could indicate initial overpricing or market resistance to its current value proposition.

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