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Home > New Faculty Housing > Direct Sales > Stanford (San Juan): 450 El Escarpado

FSH Direct Sale
Sale 6: Stanford (San Juan): 450 El Escarpado

Direct Sale Information

Dates
  • 07/24/19: Listed for sale (1:00 pm)
  • 07/26/19: Open House (Friday 4:00 pm – 6:00 pm)
  • 07/29/19 – TBD *: House Tours (by appointment only)
  • 07/29/19 – TBD *: Purchase Offer Packet submission period

* This schedule is subject to change and is contingent upon the acceptance of a Purchase Offer Packet.


Eligibility Criteria

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 a 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.
Overview

This direct sale is comprised of 1 single-family home located in the San Juan Hill neighborhood within the Stanford Campus Residential Subdivision.

This home is subject to a Standard Residential Ground Lease, and Stanford is selling this leasehold interest through the FSH Direct Sale Process.

This home is not subject to a FSH Housing Lottery. This is a FSH Direct Sale Home.

This home is being sold "AS-IS."

Standard Ground Lease

All homes located on Stanford lands are subject to a ground lease. Not all ground leases are the same.

This home is subject to a Stanford Residential Ground Lease.

Information regarding the Residential Ground Lease is available for reference here.

Direct Sale Process

This home is being sold via Direct Sale on a “first come first served” basis to Eligible Faculty who:
  • 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.
Submit an Offer

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:
  • Reservation Form (available here); and
  • Initial Reservation Deposit (a bank 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.
The Purchase Offer Packet must be submitted via:
  • Direct Mail: Certified Mail, Carrier with signature, or In-Person with receipt, during regular business hours (8:30 am – 5:00 pm) at:
    Faculty Staff Housing
    Owen House
    552 O’Connor Lane
    Stanford, CA 94305
    Attn: Anthony K. Curry
  • 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 (https://uit.stanford.edu/service/secureemail)

  • Fax: to 650.725.4888, sent with:
    • Clear image of the Initial Reservation Deposit; and
    • Cover Sheet containing the following:
      • To: Anthony K. Curry
      • Re: “Direct Sale – Purchase Offer Packet (Property Address)”
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 FSH.

Prospective buyers will be notified of their Direct Sale status within two (2) business days 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 summarized below:
  • 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.

Listing Information

Neighborhood Details

San Juan subdivision, the oldest residential neighborhood on campus, consists of 179 homes. This subdivision boasts a variety of homes – from Mediterranean to Eichler’s, and some Spanish. Architects Birge M. Clark, Charles K. Sumner and John K. Branner have designed and constructed several homes here. Key homes include the Lou Henry Hoover House that is resided by Stanford’s current president, and the Hanna House, a Frank Lloyd Wright historic home.


Property Details

Address 450 El Escarpado
Stanford, CA 94305
Purchase Price $4,100,000
Floor Plan 7 BR + 5.5 Full BA
Home Size (approx.) 4,145 Sq. Ft. + Garage 495 Sq. Ft + Basement 168 Sq. Ft.
Lot Size (approx.) 38,766 Sq. Ft.
(0.89 ac)
Year Built 1927
Architectural Style Tudor
Parking 3-Car Garage
Amenities This property, along with neighboring properties at 421 El Escarpado and 445 El Escarpado were designed at the same period by Charles K. Sumner. This home features a modern kitchen with a breakfast area, a study, a 3-car attached garage, and an expansive landscape offers privacy. This home is a welcome retreat for a visionary buyer who loves architecture and history!
Utilities All available.
Separately Metered.
Owner Pays.
Subdivision Fee Yes
Schools Nixon Elementary School
Fletcher Middle School
Gunn High School
Images Floor Plan
Photos
Virtual Tour

Frequently Asked Questions (FAQs)

Answers to FAQs regarding the home and FSH Direct Sales are available here.



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Important Notice
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.


 
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