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Home > New Faculty Housing > Lottery Sales > Lottery 12: Stanford (762 Dolores Street)

FSH Housing Lottery
Lottery 12: Stanford (762 Dolores Street)

Lottery Information

Dates
  • 02/28/18 – Interest List Opens (1:00 pm)
  • 03/02/18 – Open House (Fri 4:00 pm - 6:00 pm)
  • 03/05/18 through 03/09/18 – House Tour (by appointment only)
  • 03/12/18 through 03/16/18 – House Tour (by appointment only)
  • 03/22/18 – Open House (Thu 4:00 pm - 6:00 pm)
  • 03/23/18 – Interest List Closes (5:00 pm)
  • 03/26/18 – Lottery Results Posted (1:00 pm)
  • 03/28/18 – Home Selection and Purchase Deposit Appointments Begin

Eligibility

Eligibility to purchase a leasehold on Campus in this lottery is different from other lottery purchases. Faculty1 who are eligible are:
  • Members of the Academic Council with a 100% appointment for a minimum term of three years with the possibility of reappointment (or who have received tenure, or who have an appointment with continuing term2) and working full-time (100% FTE); and
  • Confirmed participants who have attended an Open House or House Tour

Notes:

  1. Faculty couples with dual eligibility may apply individually. All faculty eligible to purchase must complete and submit an Interest List Application to participate in the lottery
  2. 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 transition closes (close of escrow or COE)
Overview

This lottery will comprise of 1 single-family home located in the San Juan Hill neighborhood within the Stanford Campus Residential Leaseholders (SCRL) Subdivision.

This home is subject to a Stanford Residential Ground Lease, and Stanford is selling this leasehold interest through a random number drawing (lottery).

Stanford Residential Ground Lease

All homes located on Stanford lands are subject to a ground lease. Not all ground leases are the same. The following is a brief summary of certain key features in the Stanford Residential Ground Lease for this home:

  • The lease term is 51 years with an option to extend.
  • The home must be sold back to Stanford upon lease expiration or resale.
  • The eligible person must occupy the home as the principal place of residence.
  • The eligible person may sublease the home to another eligible person for 1 year at a time only while on approved University lease of absence. Other rental options are limited.
  • The lessee must pay ground rent to Stanford.
  • The lessee pays property taxes and premiums for hazard and earthquake insurance.
  • Upon loss of eligibility or non-occupancy, the lessee must sell the home within 2 years.
  • Upon the death of the eligible person, a surviving partner may occupy the home as a principal place of residence until death or non-occupancy.
  • Upon retirement, the retiree may occupy the home as principal place of residence until death or non-occupancy.

Listing Information

762 Dolores Street, Stanford

Stanford offers to eligible faculty a 4 bedroom + study, 2 ½ bath Mediterranean style home built in 1925 by architect Charles Sumner inclusive of a detached two-car garage with exercise/storage space and an in-ground pool. This home is surrounded by other stately homes of similar style and vintage within the San Juan Hill subdivision. This home has been well preserved by the 5 families who have occupied the home since its construction. It features many historic architectural details. The home underwent a minor update to preserve its aesthetic character as well as to meet current building code requirements.


Property Details

Address 762 Dolores Street
Stanford, CA 94305
Purchase Price $3,375,000
Floor Plan 4 BR + Study
2 Full 1 Half BA
Home Size (approx.) 2,892 Sq. Ft.
Lot Size (approx.) 30,056 Sq. Ft.
(0.69 ac)
Year Built 1925
Amenities This original two-story home on a corner lot features a large yard with an impressive mature Italian stone pine tree that compliments the home. Its long driveway provides direct access into the home via a spacious detached two-car garage with an exercise/storage space and an in-ground pool. The first-floor plan showcases a formal living area with a fireplace and French doors on two sides that provide access to the front patio or to a small balcony facing the yard. A formal dining room with a fireplace as well as French doors on two sides open out to the private patio area on one side or the sprawling yard and pool area on the other side. A remodeled kitchen features new appliances and a new island for entertaining. A new powder room, a new laundry room, and the updated master bedroom with a walk-in closet as well as a full bathroom with dual sinks can be accessed from here. The basement access can also be found here. A grand stairway features curved railing with wrought-iron balusters and leads to the second story which features three bedrooms, one full bathroom and a hall closet. The house maintains much of its original features. It is an "As-is" sale and it is a move-in ready home for a buyer who is an avid lover of architecture and history!
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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