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1033 Amarillo Ave, Palo Alto, CA 94303
$6,298,000
1033 Amarillo Ave, Palo Alto, CA 94303View this property at 1033 Amarillo Ave, Palo Alto, CA 94303
1033 Amarillo AvePalo AltoCA94303
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Property Description
Discover an extraordinary opportunity in Palo Alto's vibrant midtown: a sprawling 21k sq ft property, one of the area's largest and most desirable lots. This unique offering includes 4 charming cottages: three 2-bed, 1-bath, and one 1-bed, 1-bath homes, complete with 5 garages, blending cozy living with vast development potential. Just got voted and approved for subdivision into two 10k sq ft lots, the site is ripe for the creation of two luxurious single-family homes, potentially spanning 5,000 sq ft each. The flexibility extends to the option of constructing two 4,000 sq ft main residences plus two expansive 1,200 sq ft ADUs, potentially leveraging the latest AB 1033 bill allowing ADUs to be sold as separate condos. This opens the door to transforming the property into four distinct units, with a resale value potential of $15-20M. The proposed development offers an exceptional profit margin, all within a prime location near Stanford University, Downtown Palo Alto, and top rated schools.
Full Property Details
Full Property Details for 1033 Amarillo Ave
General
- Price: $6,298,000
- Status: Active
- Type: Single Family
- MLS ID: ML81953716
- Updated: 3/19/2024
- Added to Site: 43 day(s) ago
Interior
- Flooring: Laminate, Stone, Tile, Carpet, Wood, Hardwood
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 7
Other Rooms
- Family Room: No Family Room
- Kitchen: Countertop - Solid Surface / Corian, Dishwasher, Garbage Disposal, Gas Oven/Range, Refrigerator
- Laundry: Washer / Dryer, Inside
Additional Information
- Extras: Not Applicable
Parking
- Garage Spaces: 5
- Parking Features: Covered Parking, Detached Garage
Location
- Area: South Palo Alto
- County: Santa Clara
- Cross Streets: Greer
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall Furnace
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Public Utilities
Structural Information
- Construction: Detached
- Foundation: Concrete Slab
- Roof: Shingle, Composition
- Square Feet: 3,276
- Year Built: 1947
Lot Features
- Lot Size (Acres): 0.4772
- Minimum Lot Size: 20788
- Lot Size (Sq. Ft.): 20,788
- Zoning: R1
Listed by KW Advisors, Wen Guo RE Group
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Schools
Schools serving 1033 Amarillo Ave
School District:Palo Alto Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
3450 Louis Rd, Palo Alto, CA 94303 | K-5 | 0.9 mi | |
480 E Meadow Dr, Palo Alto, CA 94306 | 6-8 | 1.4 mi | |
50 Embarcadero Rd, Palo Alto, CA 94301 | 9-12 | 2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1033 Amarillo Ave
Date
Details
Price
Change
Source
3/18/2024
Listed
$6,298,000
25.96%
MLS
4/22/2021
Sold
$5,000,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1033 Amarillo Ave
Year
Property Taxes
Change
Tax Assessment
Change
2022
100%
$5,202,000
2%
2022
-100%
$5,100,000
2248%
2021
$3,544
2%
$217,235
1%
2020
$3,488
1%
$215,008
2%
2019
$3,444
2%
$210,793
2%
2018
$3,370
2%
$206,660
2%
2017
$3,309
3%
$202,609
2%
2016
$3,217
1%
$198,638
2%
2015
$3,179
5%
$195,655
2%
2014
$3,023
1%
$191,823
—
2013
$3,006
—
$190,957
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1033 Amarillo Ave
1033 Amarillo Ave, Palo Alto, CA 94303 (MLS# ML81953716) is a Single Family property with 7 bedrooms and 4 full bathrooms. 1033 Amarillo Ave is currently listed for $6,298,000 and was received on March 18, 2024. Want to learn more about 1033 Amarillo Ave? Do you have questions about finding other Single Family real estate for sale in South Palo Alto? You can browse all South Palo Alto real estate or contact a Coldwell Banker agent to request more information.