OFF MARKET

Off market mar 2020 for $1.5M

$2,991,546

Est. refi paymentEst. refi $7,989/mo

•

1,239

sq ft

271 Addison Ave, Palo Alto, CA 94301

About this home

Downtown single family home for a condominium price! This historic Folk Victorian cottage was originally built in 1896, and has been updated while still retaining its Victorian charm. A newer kitchen and baths provide modern amenities, while the period architectural details and spacious back yard make this a quiet sanctuary in Professorville just a few blocks from bustling University Avenue. This is a leasehold on a 99 year, non-renewing lease. The house has sold several times since then, and the lease is still in effect, expiring in 2062, 42 years from now. The current lease payment is $1643/month and indexes every five years based on the CPI. The homeowner can expand or remodel within the guidelines of the City of Palo Alto. Currently, the property will revert to the landowners, less improvements, at the end of the lease.

Single-familyProperty Type

1896Year Built

6,405 sq ftLot Size

$2,414Est. Price/Sq.Ft.

Listed by Chris Iverson •DRE #01708130 • Golden Gate Sotheby's International Realty

Contact: 650-450-0450

Bought with Stephanie von Thaden •DRE #01950203 • Golden Gate Sotheby's International Realty

Redfin checked: a minute ago

•Source:MLSListings #ML81774838

Redfin Estimate

$2,991,546

$1.5M since sold in March 2020$9,000 since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 19.9% lower than the average sale price ($3.73M) of 6 comparable homes.

SOLD SEP 24, 2026
$4,500,000
A
3 beds2 baths1,260 sq ft
1135 Guinda St, Palo Alto, CA 94301
SOLD SEP 3, 2026
$4,300,000
B
3 beds2 baths1,412 sq ft
1011 Guinda St, Palo Alto, CA 94301
SOLD JUN 22, 2026
$3,510,000
C
3 beds2 baths1,500 sq ft
762-766 Hamilton Ave, Palo Alto, CA 94301
SOLD AUG 5, 2026
$4,450,000
D
3 beds2.5 baths1,392 sq ft
1023 Guinda St, Palo Alto, CA 94301
SOLD AUG 11, 2026
$3,015,000
E
2 beds1 bath1,060 sq ft
319 Bryant St, Palo Alto, CA 94301
SOLD MAY 1, 2026
$2,625,000
F
3 beds2 baths1,316 sq ft
1555 Alma St, Palo Alto, CA 94301

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Sell

$1,792,490

Est. take-home

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Est. cash available

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Rent

$6,374/mo

Redfin rental estimate

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Market trends in 94301, CA

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

107.4%

+2.3% MoM

Median sale price

$4.2M

$232K MoM

Avg. days on market

12d

6 days MoM

Recently sold homes

11 MoM

New listings for sale

NEW 23 HRS AGO
$11,200,000
5 beds5.5 baths3,300 sq ft
419 Palm St, Palo Alto, CA 94301
EARLY ACCESS
$7,450,000
4 beds3 baths2,307 sq ft
1664 Emerson St, Palo Alto, CA 94301
OPEN SAT, 2PM TO 4PM
$7,788,000
6 beds4 baths2,750 sq ft
1535 Cowper St, Palo Alto, CA 94301
OPEN SAT, 1PM TO 4PM
$13,200,000
6 beds5 baths5,969 sq ft
755 University Ave, Palo Alto, CA 94301
3D & VIDEO TOUR
$4,798,000
5 beds3 baths2,491 sq ft
780 Palo Alto Ave, Palo Alto, CA 94301
VIDEO TOUR
$2,098,000
3 beds2.5 baths1,802 sq ft
365 Forest Ave Unit 2F, Palo Alto, CA 94301
3D WALKTHROUGH
$1,998,000
3 beds2 baths788 sq ft
742 Homer Ave, Palo Alto, CA 94301
HOT HOME
$2,998,000
3 beds1 bath1,290 sq ft
2593 Cowper St, Palo Alto, CA 94301
EARLY ACCESS
$1,800,000
2 beds2 baths1,457 sq ft
101 Alma St #301, Palo Alto, CA 94301
OPEN SUN, 2PM TO 4PM
$1,875,000
2 beds2 baths1,216 sq ft
101 Alma St #601, Palo Alto, CA 94301
See all

Provided by Redfin

Redfin agents who toured

Charming Historical Home situated on a Leasehold property. There is one bedroom and full bath downstairs and a small loft type bedroom upstairs with a full bath. This home does not have an open for plan, kitchen, dining and living room are each in a...
9 years ago• May not reflect the current state of the home
Michelle Huerta
Redfin Premier agent
A historic home about 123 years old, each level has one bedroom and one bath. Remodeled kitchen. Big backyard with shed/storage. Laundry room on main floor.
7 years ago• May not reflect the current state of the home
Sue Mahlouji
Redfin Associate agent
This historic home is a Leasehold property and welcomes you with mature trees in the front yard, grass, a brick walkway, tall juniper bushes and shrubs. There is a window seat by the front door as you enter the living room, featuring: painted beamed...
ceilings, built-in bookcases/cabinets and two doors that open to the backyard. The kitchen has stainless-steel appliances, a gas stove, mirrored backsplash and a window that overlooks the front yard. The dining room would accommodate a table for eight people. There is a separate laundry room on the lower level that includes counter space over the side-by-side washer/dryer, as well as storage cabinets. The bedroom on the lower level has an en suite bath that includes a claw-foot bath tub with hand-held shower head above, a single sink and a window. The loft-like upstairs bedroom includes built-in shelves, a ceiling fan and an en suite bath that has a shower stall, one sink, tile floor and a window. The back yard is landscaped with a brick patio, arbor, grass, trees, shrubs and a dog run. This property is within two miles of Stanford University, Stanford Shopping Center, the Palo Alto Caltrain commuter rail station (servicing San Francisco and San Jose / Silicon Valley) and Highway 101.
9 years ago• May not reflect the current state of the home
Susan Otolski
Redfin Associate agent

Sale history for 271 Addison Ave

Date

Event

Price

MLSListings #ML81774838

Mar 27, 2020

Sold

$1,500,000

$1,211/sq ft

Mar 6, 2020

Pending

—

Nov 6, 2019

Listed

$1,700,000

$1,372/sq ft

SDMLS #301739022

Jan 1, 2020

Listing Removed

—

Nov 6, 2019

Listed

$1,700,000

$1,372/sq ft

MLSListings #ML81648735

Jul 14, 2017

Sold

$1,200,000

$969/sq ft

Jun 15, 2017

Contingent

—

Apr 27, 2017

Listed

$1,200,000

$969/sq ft

2 Bed 2 Bath Suites. Beautiful Single Family Home in Professorville Historic District. Cozy Living Room. French Door Open to Big Backyard with Lush Lawn, Lovely Garden and Veg Beds. One Suite Upstair and One Suite Downstair. Great Location Walking Distance to Downtown Palo Alto. Recently Remodeled Gourmet Kitchen with New Cabinetry, Granite Slab Counter Top and Chef Viking Appliances. Remodeled Baths. New Tiles Flooring and Refinished Hardwood Floor. New Ceiling Moldings. House was Repainted In & Out. Half Bath was Converted to Pantry. A Leasehold Property with 45 Years Left. Lease Fee $1519/Month. R2 Zone. Property Also Known As 269-273 Addison Ave. Call LA So We Can Put Dogs to Dog Run. Current home is part of the Palo Alto Professorville Historic District. Category 4. Please refer to Palo Alto website at www. CityofPaloAlto.org/gov/depts/pln/preservation. asp to check the Preservation Incentives, Historic Ordinance, PA Historic Inventory, Professorville Design Guidelines & ADU.

MLSListings #1

Sep 9, 2006

Price Changed

$588,000

$475/sq ft

Aug 2, 2006

Price Changed

$688,000

$555/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$41,939 (+4.3%)

$3,075,550 + $397,109

$3,472,659

2024

$40,215 (+1.5%)

$3,015,246 + $389,323

$3,404,569

2023

$39,634 (+1.2%)

$2,956,124 + $381,690

$3,337,814

2022

$39,179 (+2.0%)

$2,898,161 + $374,206

$3,272,367

2021

$38,408 (+8.9%)

$2,841,335 + $366,869

$3,208,204

2020

$35,257 (−8.2%)

$2,785,623 + $359,676

$3,145,299

2019

$38,421 (+2.8%)

$2,757,060 + $156,060

$2,913,120

2018

$37,373 (+114.0%)

$3,009,000 + $153,000

$3,162,000

2017

$17,467 (+2.7%)

$1,214,295 + $187,661

$1,401,956

2016

$17,007 (+1.0%)

$1,214,295 + $187,661

$1,401,956

2015

$16,839 (+2.3%)

$1,190,486 + $183,982

$1,374,468

2014

$16,462 (+2.1%)

$1,149,635 + $177,670

$1,327,305

2012

$16,131 (+342.8%)

$1,144,440 + $176,868

$1,321,308

2011

$3,643

$1,122,000 + $173,400

$1,295,400

2010

$3,642 (+3.6%)

$177,877 + $79,578

$257,455

2009

$3,514 (+4.5%)

$176,548 + $78,984

$255,532

2008

$3,362

$173,499 + $77,620

$251,119

Tax history for 271 Addison Ave

Year

Property tax

Land + Additions

Assessment*

2025

$41,939 (+4.3%)

$3,075,550 + $397,109

$3,472,659

2024

$40,215 (+1.5%)

$3,015,246 + $389,323

$3,404,569

2023

$39,634 (+1.2%)

$2,956,124 + $381,690

$3,337,814

2022

$39,179 (+2.0%)

$2,898,161 + $374,206

$3,272,367

2021

$38,408 (+8.9%)

$2,841,335 + $366,869

$3,208,204

2020

$35,257 (−8.2%)

$2,785,623 + $359,676

$3,145,299

2019

$38,421 (+2.8%)

$2,757,060 + $156,060

$2,913,120

2018

$37,373 (+114.0%)

$3,009,000 + $153,000

$3,162,000

2017

$17,467 (+2.7%)

$1,214,295 + $187,661

$1,401,956

2016

$17,007 (+1.0%)

$1,214,295 + $187,661

$1,401,956

2015

$16,839 (+2.3%)

$1,190,486 + $183,982

$1,374,468

2014

$16,462 (+2.1%)

$1,149,635 + $177,670

$1,327,305

2012

$16,131 (+342.8%)

$1,144,440 + $176,868

$1,321,308

2011

$3,643

$1,122,000 + $173,400

$1,295,400

2010

$3,642 (+3.6%)

$177,877 + $79,578

$257,455

2009

$3,514 (+4.5%)

$176,548 + $78,984

$255,532

2008

$3,362

$173,499 + $77,620

$251,119

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning
Permits

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

6,300 Sq. Ft.

Year renovated

1985

Sq. Ft.

1,239

Year built

1896

Style

Single Family Residential

County

Santa Clara County

APN

12028062

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 21, 2026.

R-2

Two Family Residential District

The R-2 two-family residence district is intended to allow a second dwelling unit under the same ownership as the initial dwelling unit on appropriate sites in areas designated for single-family use by the Palo Alto Comprehensive Plan, under regulations that preserve the essential character of single-family use. Community uses and facilities should be limited unless no net loss of housing would result.

Permitted uses

Include but are not limited to:

Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Mobile home park

Property details

Parking

Parking Information
Parking Description: On Street, Parking Area

Interior

Bedroom Information
# of Bedrooms (Minimum): 2
# of Bedrooms (Maximum): 2

Bathroom Information
# of Baths (Full): 2

Room Information
Dining Room Description: Formal Dining Room

Interior Features
Laundry: In Utility Room

Heating & Cooling Information
Heating: Forced Air

Exterior

Exterior Features
Roof: Composition

Building Information
Subclass: Single Family Home
Building Type: Detached
Concrete Perimeter

Property Features
Living Sq. Ft.: 1,239

Property Information
Property Primary ID: 633648

Lot Information
Lot Acres: 0.147
Lot Size Area Minimum Units: Sq. Ft.
Lot Size Area Maximum Units: Sq. Ft.
Lot Size Source: Assessor
Zoning: R2

Financial

Tax/Assessment Information
City Transfer Tax: Yes

Utilities

Utility Information
Sewer Septic: Sewer Connected
Utilities: Public Utilities

Water Information
Water: Public

Location

Multi-Unit Information
# of Stories: 2

School Information
Elementary School District: Palo Alto Unified
High School District: Palo Alto Unified

Public facts

Beds: 2
Baths: 3.0
Sq. Ft.: 1,239
Stories: 2.0
Lot Size: 6,300 square feet
Style: Single Family Residential
Year Built: 1896
Year Renovated: 1985
County: Santa Clara County
APN: 12028062

Home facts updated by county records on Aug 21, 2026

Around this home

Schools

Addison Elementary School

Public K-5 • Assigned • 0.4mi

9/10

Frank S. Greene Jr. Middle

Public 6-8 • Assigned • 1.2mi

9/10

Palo Alto High School

Public 9-12 • Assigned • 0.4mi

10/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

4/10 Heat Factor

7 days above 90° expected this year, 14 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

7/10 Air Factor

12 unhealthy days expected this year, 12 days in 30 years

Provided by First Street

Historical weather

Palo Alto, CA • 94301

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 11.1 hours in June and 4.9 hours in December, placing it above the U.S. average for solar exposure.

11.1 hrs

4.9 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$2.84M – $3.44M

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Home values near 271 Addison Ave

Data from public records.

Address	Redfin Estimate
241 Addison Avenue, Palo Alto, CA 2 Beds \| 2 Baths \| 1144 Sq. Ft.	$3,693,177
253 Addison Avenue, Palo Alto, CA 2 Beds \| 1 Baths \| 1164 Sq. Ft.	$2,525,284

Address	Redfin Estimate
233 Addison Avenue, Palo Alto, CA 3 Beds \| 1 Baths \| 960 Sq. Ft.	$2,636,641
225 Addison Avenue, Palo Alto, CA 1 Beds \| 1 Baths \| 1812 Sq. Ft.	$2,762,005

Address	Redfin Estimate
301 Addison Avenue, Palo Alto, CA 7 Beds \| 3 Baths \| 3224 Sq. Ft.	$5,526,241
281 Addison Avenue, Palo Alto, CA 6 Beds \| 5.5 Baths \| 3995 Sq. Ft.	$6,374,095

Property information provided by MLSListings when last listed in 2019. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 94301, CA

Redfin agents who toured

Sale history for 271 Addison Ave

Tax history for 271 Addison Ave

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 94301

Home values near 271 Addison Ave

More real estate resources