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2300 Amherst Street, Palo Alto
FSH Direct Sale
Sale 10: 2300 Amherst Street, Palo Alto
Direct Sale Information
Faculty who are eligible:
Are members of the Academic Council who have a 100% Academic Council appointment and are
working 100% time; and
Have an appointment, that has been approved by the President, for a term of three or more years
with the possibility of reappointment, or have received tenure, or have an appointment
with continuing term; and
Have attended an Open House or had a private tour for the Direct Sale home; and
Do not have a reservation or contract on a FSH lottery or FSH Direct Sale single-family home.
This direct sale is comprised of 1 single-family home located in the College Terrace neighborhood.
Restricted Ground Lease
This home is subject to a Restricted Residential Ground Lease, and Stanford is selling this leasehold interest
through the FSH Direct Sale Process.
This home is not subject to an FSH Housing Lottery.
This home is being sold “AS-IS”.
All homes located on Stanford lands are subject to a ground lease. Not all ground leases are the same.
This home is subject to the Stanford “Restricted Residential Ground Lease” (Restricted Ground Lease). The
Restricted Lease program is designed to help address the challenge of finding affordable housing in Stanford and
surrounding cities. By restricting certain rights of lessees, the University is able to offer long-term leasehold
interests at significantly less than the cost of either a conventional leasehold interest or fee ownership of an
otherwise comparable home.
Direct Sale Process
The Restricted Ground Lease is available for reference
This home is being sold via Direct Sale on a “first come first served” basis to Eligible Faculty who:
Submit an Offer
- Satisfy all of the Eligibility Criteria for this Direct Sale home; and
- “Submit an Offer” for the home, as outlined below, and
- “Complete the Purchase” of the home, as outlined below.
To Submit an Offer, the prospective buyer must complete a “Purchase Offer Packet”, and provide it to FSH
with Informed Delivery, as prescribed below:
The Purchase Offer Packet is comprised of all 3 of the following items:
The Purchase Offer Packet must be submitted via:
- Reservation Form (available here);
- Initial Reservation Deposit (a bank deposit check payable to First American Title Company for
Fifteen Thousand Dollars ($15,000)); and
- A letter from a lender or evidence that demonstrates
the prospective buyer's ability to purchase the home.
Incomplete Purchase Offer Packets will not be considered and will be returned. To assure prompt
consideration, review all Purchase Offer Packet materials for completeness before submitting them to
Direct Mail: Certified Mail, Carrier with Signature, or In-Person with receipt, during regular business hours
(8:30am to 5:30pm) at:
Faculty Staff Housing
552 O’Connor Lane
Stanford, CA 94305
Attn: Asset Management
Email: to FSHListings@stanford.edu, sent with:
Clear image of the Initial Reservation Deposit; and
Subject: "SECURE: Direct Sale – Purchase Offer Packet (Property Address)”;
Secure Email service is designed for faculty who need to use email to send Moderate to
High Risk Data. More information regarding Secure Email can be obtained from
Stanford University IT
Fax: to 650.725.4888, sent with:
- Clear image of the Initial Reservation Deposit; and
- Cover Sheet containing the following:
- To: Asset Management
- Re: "Direct Sale – Purchase Offer Packet (Property Address)"
Prospective buyers will be notified of their Direct Sale status within two (2) business day after receipt of their
Purchase Offer Packet, confirming if their Purchase Offer Packet is accepted, incomplete, or complete and in queue.
The Direct Sale listing will close when FSH accepts the first complete Purchase Offer Packet
received from Eligible Faculty.
Those in queue must collect their Initial Reservation Deposit from FSH within
two (2) business days after being notified of the listing being closed. Those in queue may remain in queue,
in the order that their completed Purchase Offer Packet was received, until the Prospective Buyer and
FSH “Complete the Purchase."
Complete the Purchase:
To Complete the Purchase, the Prospective Buyer must successfully close escrow for the purchase of the Direct Sale
home, after full loan approval is received and the paperwork is prepared for the title company, in the manner
FSH will immediately place the Initial Reservation Deposit and Reservation Form in
the escrow depository; and
The Prospective Buyer must sign the Purchase Contract for the home within two (2) business days after
FSH has accepted their Purchase Offer Packet.
The total escrow period may not be less than 30 days and no greater than 60 days.
College Terrace is a highly sought-after neighborhood in the City of Palo Alto. The neighborhood is located blocks
from Stanford University, in a 2 block by 12 block area that lies between South California Avenue and Stanford
Avenue, from Amherst Street to El Camino Real. All of the street names in the neighborhood are named after East
Coast colleges and universities. The homes in the neighborhood are known for their eclectic nature.
2300 Amherst Street is a three-story single-family home built in 2002 with updates in 2019. This traditional
architectural style home offers a formal kitchen, living and dining areas, and a family room on the entry level. The
upper level is comprised of a large master bedroom, master bath, and two balconies. The lower level is comprised two
bedrooms, a den, a laundry area, storage room, and recreational space. This home features a chef’s kitchen,
dual fireplace, private yard, two decks, natural light, as well as an interesting history!
||2300 Amherst Street
Palo Alto, CA 94306
||3 BR / 2.5 BA
|Home Size (approx.)
||2,492 Sq. Ft.
|Lot Size (approx.)
||6,000 Sq. Ft.
||1-Car Detached Garage
Traditional kitchen with large center island, stainless steel appliances (washer/dryer, refrigerator,
dishwasher, range, & microwave), dual fireplace, two balconies, a detached garage, a large yard, and
David Starr Jordan Middle
Palo Alto High
Frequently Asked Questions (FAQs)
Answers to FAQs regarding the home and FSH Direct Sales are available here.
(top of page)
Nothing on this site or in the documents it contains should be construed
as an offer or commitment of any kind. Programs and eligibility requirements
can be changed or discontinued without notice.