536 Addison Avenue, Palo Alto, California 94301, Palo Alto, - bed, bath

home-pic
ACTIVE$3,995,000
536 Addison Avenue, Palo Alto, California 94301
3Beds
1Bath
1,572Sqft
6,650Lot
Year Built
1920
Close
-
List price
$4M
Original List price
$4M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82024287
Home ConditionFair
Features
Patio
View-

About this home

Enjoy this inviting Mediterranean-style home ideally situated in Palo Alto's Professorville neighborhood. The residence exudes timeless character with arched entryways, gleaming hardwood floors, original details, and abundant natural light throughout. The warm and welcoming living room features large picture windows and a classic brick fireplace, while the elegant formal dining room provides a perfect setting for gatherings. The kitchen overlooks the deep backyard and includes a casual dining area for relaxed everyday meals. A dedicated laundry room adds extra convenience. Outdoors, the home offers low-maintenance landscaping, a gated driveway leading to a detached one-car garage, and a spacious backyard with a covered patio ideal for easy living and entertaining. Just blocks from vibrant University Avenue, you'll enjoy convenient access to shopping, restaurants, Caltrain, Stanford University, top-rated Palo Alto schools, and Highway 101. A rare opportunity to live in one of Palo Alto's most desirable neighborhoods, this home combines enduring charm and a premier location.

Price History

Date
Event
Price
10/09/25
Listing
$3,995,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (41 Listings)
Beds34
33%
Baths14
7%
Square foot1,5722,655
14%
Lot Size6,6507,500
33%
Price$4M$5.36M
26%
Price per square foot$2,541$2,056.5
88%
Built year19209685969
26%
HOA
Days on market28151
2%
Condition Rating
Fair

The property, built in 1920, shows signs of good maintenance with gleaming hardwood floors and fresh paint. However, the kitchen features older white appliances and basic finishes, suggesting a renovation that is likely 15-30 years old rather than recent. The absence of bathroom photos implies it is also likely dated. While functional and well-kept, the key areas of the kitchen and probable condition of the bathroom, combined with the home's age and lack of evidence of a recent extensive renovation, place it in the 'Fair' category, indicating it requires minor updates to meet current aesthetic standards.
Pros & Cons

Pros

Premier Location: Ideally situated in Palo Alto's highly desirable Professorville neighborhood, offering convenient access to vibrant University Avenue, Stanford University, top-rated Palo Alto schools, Caltrain, and Highway 101.
Historic Charm & Character: The Mediterranean-style residence exudes timeless character with arched entryways, gleaming hardwood floors, original details, abundant natural light, and a classic brick fireplace.
Desirable Outdoor Living: Features a spacious backyard with a covered patio ideal for entertaining, low-maintenance landscaping, and a gated driveway, enhancing the lifestyle appeal.
Functional Layout: The home offers a warm living room, elegant formal dining room, a kitchen overlooking the backyard with a casual dining area, and a dedicated laundry room for everyday convenience.
Strong Investment Opportunity: Described as a 'rare opportunity' in one of Palo Alto's most sought-after neighborhoods, indicating strong long-term value appreciation potential in a robust market.

Cons

Limited Bathroom Count: With only 1 bathroom for a 3-bedroom home, this could be a significant functional limitation for families or multiple occupants, especially given the property's price point.
Potential for System Updates: Built in 1920, while charming, the description does not explicitly mention updates to major systems (e.g., electrical, plumbing, HVAC) or the kitchen, which may require significant investment for modernization.
Aggressive Pricing: The current list price of $3.995M is notably higher than the estimated property value of $3.47M, suggesting a premium that buyers will need to justify.

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