3271 Alma Street, Palo Alto, California 94306, Palo Alto, - bed, bath

ACTIVE$1,750,000
3271 Alma Street, Palo Alto, California 94306
3Beds
2Baths
1,042Sqft
3,125Lot
Year Built
1961
Close
-
List price
$1.75M
Original List price
$1.85M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82016062
Home ConditionFair
Features
View-
About this home
Lowest Priced Single-Family Home in Palo Alto! This is your chance to own a charming 3-bedroom, 2-bath home in one of Silicon Valleys most desirable cities. This property offers incredible potential in a prime, convenient Palo Alto location. Enjoy access to award-winning Palo Alto schools, Stanford University and a vibrant community that's close to shopping, restaurants, Palo Alto downtown and freeways. Whether you're a first-time buyer or savvy investor, bring your imagination and personal touch to transform this home and make it truly yours. Don't miss out on this rare opportunity!
Nearby schools
8/10
El Carmelo Elementary School
Public,•K-5•0.3mi
9/10
Fairmeadow Elementary School
Public,•K-5•0.5mi
9/10
Jane Lathrop Stanford Middle School
Public,•6-8•0.5mi
9/10
Henry M. Gunn High School
Public,•9-12•1.5mi
Price History
Date
Event
Price
08/30/25
Price Change
$1,750,000-2.8%
08/20/25
Price Change
$1,799,999
07/30/25
Listing
$1,850,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (45 Listings) | |
|---|---|---|---|
| Beds | 3 | 3 | 50% |
| Baths | 2 | 2 | 50% |
| Square foot | 1,042 | 1,822 | 9% |
| Lot Size | 3,125 | 6,839 | 4% |
| Price | $1.75M | $3.33M | 2% |
| Price per square foot | $1,679 | $1,876.5 | 26% |
| Built year | 1961 | 9765977 | 70% |
| HOA | |||
| Days on market | 99 | 123 | 39% |
Condition Rating
Fair
Built in 1961, this property is over 60 years old. The listing description explicitly states, 'bring your imagination and personal touch to transform this home,' indicating that significant updates and renovations are required to modernize the property. While exterior images show an aged but seemingly maintained structure, the lack of interior images prevents a direct assessment of the kitchen, bathrooms, appliances, and other internal features. However, given the age and the description, these areas are almost certainly outdated and would require extensive renovation. The property appears functional but is highly dated, aligning with the 'Fair' category's description of a home that is aged, maintained through regular upkeep, but with major components showing signs of being outdated, rather than having significant structural defects that would classify it as 'Poor' or 'Tear-down'.
Pros & Cons
Pros
Prime Palo Alto Location: Situated in a highly desirable Silicon Valley city, offering convenient access to major tech hubs, amenities, and freeways.
Access to Top-Tier Schools: Located within the award-winning Palo Alto Unified School District, a significant draw for families.
Competitive Price Point: Advertised as the 'Lowest Priced Single-Family Home in Palo Alto,' presenting a rare entry-level opportunity in an exclusive market.
Strong Investment Potential: Offers significant upside for appreciation and renovation, appealing to both first-time buyers and investors looking to add value.
Proximity to Key Amenities: Close to Stanford University, vibrant downtown Palo Alto, shopping, and restaurants, enhancing lifestyle and rental appeal.
Cons
Age and Condition: Built in 1961, the property likely requires significant updates and renovations to meet modern standards, as suggested by the 'bring your imagination' phrasing.
Modest Size: With 1042 sqft and a 3125 sqft lot, the property is relatively small for a single-family home, which might limit appeal for buyers seeking more space.
Potential for High Renovation Costs: Given the age and implied need for transformation, buyers should anticipate substantial investment in upgrades and repairs to maximize its potential.

