271 Addison Ave
271 Addison Ave
271 Addison Ave
271 Addison Ave
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271 Addison Ave
271 Addison Ave
271 Addison Ave
271 Addison Ave
Sold

271 Addison Ave

271 Addison Avenue, Palo Alto, CA 94301

$1,500,000

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.

2
beds

2
baths

1,239 Sq.Ft. LIVING AREA

0.14 Acres lot

Stephanie  Von Thaden

Stephanie Von Thaden

Features & Amenities

Interior

  • total bedrooms2
  • Total bathrooms2
  • full bathrooms2

Area & Lot

  • Status Sold
  • Living Area1,239 Sq.Ft.
  • Lot Area0.14 Acres
  • MLS® IDML81774838
  • TypeResidential
  • YEAR BUILT1896

Financial

  • Sales Price$1,500,000

Work With Stephanie

As a resident and community leader for many years, she is deeply connected to people and organizations that contribute to the vibrance of the area she calls home.