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Sold for $2,415,000
  • $2,415,000

    1218 Middlefield Rd, Palo Alto, CA 94301

    4beds
    2,764sqft
    Single Family Residence, Residential
    Built in 1922
    6,146 Square Feet Lot
    $4,919,600 Zestimate®
    $874/sqft
    $7,566 Estimated rent

    Home value

    $4,919,600

    $4.67M - $5.17M

    $7,566/mo

    Zestimate® history
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    $14,992/mo

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    What's special

    Exceptional opportunity in the coveted Professorville neighborhood of Palo Alto in close proximity to downtown. Seller has approved construction plans with the City of Palo Alto for a new 4 bed, 4 bath residence comprising 2,764 square feet (buyer to verify all approvals with the building department) enabling construction to begin quickly. Plans include incredible outdoor spaces with pool & outdoor kitchen with pizza oven and fireplace. Seller has a bid with a local general contractor and, per the seller, the agreement is transferable to the new buyer (buyer to verify with contractor). Alternatively, a buyer may elect to update/remodel/expand the existing 5 bed, 1.5 bath residence. This property is just blocks to University Ave & downtown. Nestled within the heart of Silicon Valley with access to outstanding Palo Alto schools, tech campuses & Stanford. This offering is for the property with plans - construction not included.

    Zillow last checked: 8 hours ago

    Listing updated: September 18, 2025 at 06:29pm

    Listed by:

    Billy McNair 01343603 650-862-3266,

    Coldwell Banker Realty 650-324-4456

    Bought with:

    , 02082189

    CURB

    Source: MLSListings Inc,MLS#: ML81915982MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 4
    Dining room
    • Features: DiningArea
    Family room
    • Features: NoFamilyRoom
    Heating
    • Baseboard
    Cooling
    • None
    Interior area
    • Total structure area: 2,764
    • Total interior livable area: 2,764 sqft

    Property

    Parking
    • Parking features: Off Street
    Lot
    • Size: 6,146 sqft
    • Features: Level
    Details
    • Parcel number: 12007015
    • Zoning: R1
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence, Residential
    Materials
    • Foundation: Concrete Perimeter
    • Roof: Wood
    Condition
    • New construction: No
    • Year built: 1922

    Utilities & green energy

    • Gas: PublicUtilities
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Public Utilities, Water Public

    Community & neighborhood

    Location
    • Region: Palo Alto

    Other

    Other facts
    • Listing agreement: ExclusiveRightToSell

    Price history

    DateEventPrice
    3/20/2023Sold$2,415,000-10.4%$874/sqft
    Source: MLSListings Inc #ML81915982 Report a problem
    2/22/2023Contingent$2,695,000$975/sqft
    Source: MLSListings Inc #ML81915982 Report a problem
    1/11/2023Listed for sale$2,695,000-14.4%$975/sqft
    Source: MLSListings Inc #ML81915982 Report a problem
    12/8/2022Listing removed--
    Source: MLSListings Inc #ML81911044 Report a problem
    11/4/2022Listed for sale$3,150,000+12.5%$1,140/sqft
    Source: MLSListings Inc #ML81911044 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$46,449 +37.6%$3,786,943 +35.5%
    2024$33,762 -4.6%$2,795,310 -4%
    2023$35,385 +1.2%$2,913,120 +2%

    Find assessor info on the county website

    Neighborhood: Professorville

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: WalterHaysElementary
    • Middle: DavidStarrJordanMiddle_1
    • High: PaloAltoHigh
    • District: PaloAltoUnified

    Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value$4,919,600
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $4,919,600