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Home > New Faculty Housing > Lottery Sales > Lottery 10: Palo Alto (College Terrace)

FSH Housing Lottery
Lottery 10: Palo Alto (College Terrace)

Lottery Information

Dates
  • 08/02/17 – Interest List Opens (Wed 1pm)
  • 08/04/17 – Open House #1 (Fri 4pm – 6pm)
  • 08/09/17 – Open House #2 (Wed 12pm – 2pm)
  • 08/15/17 – Open House #3 (Tue 8am – 10am)
  • 08/18/17 – Open House #4 (Fri 4pm – 6pm)
  • 08/18/17 – Interest List Closes (Fri 5pm)
  • 08/22/17 – Lottery Results Posted (Tue 1pm)
  • 08/23/17 – Home Selection and Purchase Deposit Appointment

Eligibility

Faculty who are eligible:
  • are Members of the Academic Council;
  • have 100% academic council appointment and are working 100% FTE;
  • have term appointments of 3 years or more with the possibility of reappointment, or have received tenure, or have an appointment with a continuing term1;
  • are First-time homebuyers2;
  • have attended an Open House for the homes in the lottery; and
  • do not have a reservation or a contract on a single-family home in another FSH Housing Lottery (This rule does not apply to participants who have a reservation or a contract on a condominium home in another FSH Housing Lottery)

Notes:

  1. Appointment must be approved by the President; additionally the appointment date and start date must be not more than sixty (60) days after the date the purchase transaction closes (close of escrow or COE).
  2. First-time homebuyer is someone, including spouses and registered domestic partners, who has never had an ownership interest in a single-family home within the Qualifying Area in the past 3 years prior to receipt of a written offer of employment from Stanford.
Overview

This lottery will comprise of 1 single-family home located in the College Terrace neighborhood of Palo Alto, CA.

The home is subject to a Stanford Restricted Residential Ground Lease, and Stanford is selling these leasehold interests through a random number drawing (lottery).

This home is being sold via lottery “As-Is”.

Restricted Ground Lease

These homes are subject to the Stanford Restricted Residential Ground Lease (Restricted 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.

The Stanford Restricted Residential Ground Lease is available for reference here.

Listing Information

College Terrace Homes

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.

2150 Dartmouth is a two-story home comprised of 3 bedrooms, 2 full baths and 1 half-bath. Built in 1905, it served as the Marchmont Club – an eating club for Stanford students in the early years of the century. It became a single-family rental residence after WWI, and ultimately an owner occupied single-family home.

The home's interior has plenty of natural light that accents much of its historic character and detail. There are hardwood floors throughout the first floor living spaces, and carpet up to and throughout the upstairs living spaces. The first floor has a gracious foyer, a gas fireplace in the living room, and a bay window in the dining room. The laundry features new GE Electrolux washer and dryer. The kitchen features a Viking range/oven, and other new LG appliances (microwave, refrigerator, dishwasher), and ample counter space covered with granite, including the convenient center island. The kitchen’s bright breakfast nook and the adjacent powder room / laundry provide direct access to the rear deck and back yard area.

The backyard features the deck, a storage shed, a paved path to a patio retreat, and attractive landscaping. It is private, sizable and flexible to accommodate other design concepts. The home is proximate to two parks: Werry Park at the north end of this cul du sac, and Weisshaar Park and Tennis Courts one block to the South. It is just blocks away from the local elementary school. It is also close to the Stanford University Campus, California Avenue restaurants and shops, and much more.


Property Details

Address 2150 Dartmouth St.
Palo Alto, CA 94306
Purchase Price $1,400,000
Floor Plan 3 BR / 2.5 BA
Home Size (approx.) 1,617 Sq. Ft.
Lot Size (approx.) 4,375 Sq. Ft.
(0.1 ac)
Year Built 1905
Architectural Style Varied
Parking Driveway and Street
Amenities Private fenced-in rear yard. The open floor plan provides easy access to the eat-in kitchen, which features granite counters, white wood cabinetry, and stainless steel appliances. There are wood floors throughout and tile flooring in the bathrooms as well as in the laundry closet, and about the gas fireplace. The home is security enabled, hardwired for EV charger, and much more!
Utilities All Available.
Separately Metered.
Owner Pays.
Subdivision Fee No.
Schools Escondido Elementary
David Starr Jordan Middle
Palo Alto High
Images Floor Plan
Photos
Virtual Tour

Frequently Asked Questions (FAQs)

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

Interest List Application

The interest list is now closed. For lottery results click 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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