838 Boyce Avenue, Palo Alto, California 94301, Palo Alto, - bed, bath
ACTIVE UNDER CONTRACT$5,995,000
838 Boyce Avenue, Palo Alto, California 94301
6Beds
6Baths
2,324Sqft
20,077Lot
Year Built
1948
Close
-
List price
$6M
Original List price
$6M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML81881267
Home ConditionTear down
Features
View-
About this home
Incredible opportunity to purchase roughly half an acre (~20,077sf lot) in a prime North Palo Alto location. Build your dream home in this coveted location with ultimate privacy and close proximity to Downtown Palo Alto and parks. A private driveway takes you back into a private oasis. Keep a few of the cottages as guest homes and add the Single-family home of your dreams or start new. The possibility and limitless. Sought after Palo Alto schools.
Nearby schools
7/10
Addison Elementary School
Public,•K-5•0.2mi
8/10
Duveneck Elementary School
Public,•K-5•0.8mi
8/10
Laurel Elementary School
Public,•K-5•1.7mi
2/10
Willow Oaks Elementary School
Public,•K-8•1.0mi
8/10
David Starr Jordan Middle School
Public,•6-8•1.1mi
8/10
Hillview Middle School
Public,•6-8•2.6mi
9/10
Palo Alto High School
Public,•9-12•0.9mi
7/10
Menlo-Atherton High School
Public,•9-12•1.4mi
Price History
Date
Event
Price
03/07/22
Listing
$5,995,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (41 Listings) | |
|---|---|---|---|
| Beds | 6 | 4 | 88% |
| Baths | 6 | 4 | 90% |
| Square foot | 2,324 | 2,655 | 38% |
| Lot Size | 20,077 | 7,500 | 98% |
| Price | $6M | $5.47M | 60% |
| Price per square foot | $2,580 | $2,056.5 | 90% |
| Built year | 1948 | 9690970 | 62% |
| HOA | |||
| Days on market | 1339 | 155 | 98% |
Condition Rating
Tear down
Built in 1948, this property is 76 years old. The listing description explicitly emphasizes the 'opportunity to purchase roughly half an acre' and 'Build your dream home' or 'start new,' indicating the primary value is in the land for redevelopment. The existing structures are referred to as 'cottages' that could potentially be kept as 'guest homes,' but the main focus is on new construction. There is no mention of any significant renovations in the past 50 years, aligning with the 'tear-down' criteria where the structure's value is based solely on the land and its potential for redevelopment.
Pros & Cons
Pros
Prime Location & Desirability: Situated in a highly coveted North Palo Alto neighborhood, offering prestige and strong investment potential.
Expansive & Private Lot: A rare ~0.5-acre lot (20,077 sqft) in Palo Alto, providing exceptional privacy via a dedicated driveway.
Significant Development Opportunity: Presents an incredible opportunity to build a custom dream home or redevelop, with flexible options for existing structures.
Access to Top Schools: Located within the highly acclaimed Palo Alto school district, a significant draw for families.
Proximity to Amenities: Enjoy convenient access to Downtown Palo Alto, local parks, and essential urban conveniences.
Cons
Age & Condition of Structures: Built in 1948, the existing cottages likely require substantial renovation or demolition, indicating the property's primary value is in the land.
Functional Layout Challenges: The current configuration of multiple cottages may not suit a traditional single-family residence without extensive reconfiguration or a complete rebuild.
Extended Market Duration: Being on the market since March 2022 suggests potential challenges related to pricing, the property's unique nature as a land play, or specific buyer requirements.