78 Pearce Mitchell Place, Stanford, California 94305, Stanford, - bed, bath

home-pic
ACTIVE$450,000
78 Pearce Mitchell Place, Stanford, California 94305
2Beds
2Baths
1,043Sqft
Lot
Year Built
1975
Close
-
List price
$450K
Original List price
$450K
Price/Sqft
-
HOA
$1,016
Days on market
-
Sold On
-
MLS number
ML82005400
Home ConditionFair
Features
Deck
View-

About this home

Available ONLY to qualified Stanford faculty Enjoying an enviable address in the heart of Stanford*, this spacious and light-filled condominium is just two blocks to campus facilities with minutes-away convenience to downtown Palo Alto. Featuring large windows framing leafy treetop and neighborhood views, this second-floor unit is situated on a tree-lined street and well-positioned in the sought-after complex. Designed for easy entertaining as well as everyday living, the bright and spacious open-concept living/dining area features wood-look flooring and a sliding glass door out to a patio, which is perfect for intimate outdoor dining or relaxing with morning coffee. Ideal for socializing while cooking, the efficient kitchen has a wide counter overlooking the living room. The 2-bedroom, 2-bathroom floor plan offers bright accommodations. The generously sized primary suite has an en suite bath and huge walk-in closet. Refreshed with new paint, this lovely home promises both the tranquility of a leafy setting plus the convenience of nearby shopping, cultural attractions, and top-rated Palo Alto schools.

Price History

Date
Event
Price
05/03/25
Listing
$450,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (3 Listings)
Beds22
50%
Baths21.5
50%
Square foot1,0431,027
50%
Lot Size00
Price$450K$513K
25%
Price per square foot$431$511
25%
Built year19759875988
75%
HOA$1,016$1,008.5
50%
Days on market186278
50%
Condition Rating
Fair

Built in 1975, this property is nearly 50 years old. While it benefits from recent cosmetic updates such as new paint and wood-look flooring, the kitchen is significantly dated with original-style dark wood cabinets, white laminate countertops, and a mix of older appliances (e.g., white range, blue dishwasher). Popcorn ceilings are visible, and heating is provided by older baseboard units. The bathrooms, though not pictured, are likely similarly outdated. The home is functional and maintained but requires substantial updates to the kitchen and bathrooms to align with modern standards and aesthetics.
Pros & Cons

Pros

Unbeatable Location: Situated in the heart of Stanford, just two blocks from campus facilities and minutes from downtown Palo Alto, offering unparalleled convenience to academic, cultural, and retail amenities.
Bright & Spacious Living: Features an open-concept living/dining area with large windows, providing abundant natural light and leafy treetop views, enhancing the overall ambiance.
Private Outdoor Retreat: Includes a private patio accessible via a sliding glass door, perfect for intimate outdoor dining or enjoying morning coffee in a tranquil setting.
Well-Designed Primary Suite: The generously sized primary suite boasts an en suite bathroom and a huge walk-in closet, offering enhanced comfort and practical storage solutions.
Desirable Community Setting: Positioned on a tree-lined street within a sought-after complex, contributing to a peaceful and attractive neighborhood environment.

Cons

Restricted Buyer Pool: The property is available ONLY to qualified Stanford faculty, significantly limiting the potential market and affecting resale liquidity.
High Association Fees: A substantial monthly association fee of $1016.00, which is a considerable ongoing expense for a condominium of this size and age.
Property Age & Potential Updates: Built in 1975, while cosmetically refreshed, the property may have original systems or components that could require future maintenance or significant upgrades.

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