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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Owner options
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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#: ML81915982
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
| Date | Event | Price |
|---|---|---|
| 3/20/2023 | Sold | $2,415,000-10.4%$874/sqft |
Source: | ||
| 2/22/2023 | Contingent | $2,695,000$975/sqft |
Source: | ||
| 1/11/2023 | Listed for sale | $2,695,000-14.4%$975/sqft |
Source: | ||
| 12/8/2022 | Listing removed | -- |
Source: | ||
| 11/4/2022 | Listed for sale | $3,150,000+12.5%$1,140/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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
- 8/10Addison Elementary SchoolGrades: K-5Distance: 0.1 mi
- 8/10Frank S. Greene Jr. MiddleGrades: 6-8Distance: 0.9 mi
- 10/10Palo Alto High SchoolGrades: 9-12Distance: 0.6 mi
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.
Get a cash offer in 3 minutes
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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


