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Home > New Faculty Housing > Lottery Sales > Lottery 15: Menlo Park (Stanford Hills)

FSH Housing Lottery
Lottery 15: Menlo Park (Stanford Hills)

Lottery Information

Dates
  • 10/31/18 – Interest List Opens (1pm)
  • 11/02/18 – Open House #1 (Fri 4pm – 6pm)
  • 11/07/18 – Open House #2 (Wed 8am – 10am)
  • 11/13/18 – Open House #3 (Tue 12pm – 2pm)
  • 11/29/18 – Open House #4 (Thu 10am – 12pm)
  • 11/30/18 – Interest List Closes (5pm)
  • 12/04/18 – Lottery Results Posted (1pm)
  • 12/05/18 – Home Selection and Purchase Deposit Appointment Begin

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 2 single-family homes located in the Stanford Hills Neighborhood.

  • The homes are subject to a Stanford Restricted Residential Ground Lease.
  • Stanford is selling these leasehold interests through a random number drawing (lottery).
These homes are 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

Stanford Hills

2 homes located in the Stanford Hills neighborhood, just South of Sand Hill Road and just West of Alameda De Las Pulgas. Stanford Hills Park creates a welcoming entrance to the neighborhood, whose surrounding hills are dotted with mature oaks and grazing cattle. The 78 homes in this neighborhood were established in the 1960's. Many of the homes have been updated, while maintaining the integrity of the neighborhood's original look and feel. These ranch style homes feature open floor plans with contemporary finishes, wood flooring throughout, natural lighting, and much more.


Property Details

Address 16 Anderson Way
Menlo Park, CA 94025
2316 Branner Drive
Menlo Park, CA 94025
Purchase Price $1,875,000 $1,925,000
Floor Plan 4BR / 3BA 5BR / 3BA
Home Size (approx.) 2,318 Sq. Ft. 2,978 Sq. Ft.
Lot Size (approx.) 10,807 Sq. Ft. 16,675 Sq. Ft.
Year Built 1963 1963
Architectural Style Ranch Ranch
Parking Two-car attached garage Two-car attached garage
Amenities This home features a front patio and a private fenced-in backyard with a pergola and a large lawn area. There are hardwood floors and crown molding throughout most of the living areas. The living room has built-in cabinets with arched beams at the ceiling and large floor to ceiling glass doors that look out to the backyard. The kitchen features an island and opens to the living room. The master bedroom suite features a large walk-in closet. The master bath features a large free-standing bath and a separate shower. This home features a private fenced-in backyard with a swimming pool and hot-tub. The kitchen features a large island with a sink and bar area that open to a family room with dining area and the living room that can be closed off with pocket doors. The family room has built-in cabinets and a gas-insert fireplace. There is a combination of hardwood floors and tiles throughout the home. The master bedroom suite features a large walk-in closet. The master bath has a large shower and an enclosed toilet.
Utilities All available. Separately Metered. Owner Pays. All available. Separately Metered. Owner Pays.
Subdivision Fee No No
Schools Oak Knoll Elementary School
Hillview Middle School
Menlo-Atherton High School
Oak Knoll Elementary School
Hillview Middle School
Menlo-Atherton High School
Images Floor Plan
Photos
Virtual Tour
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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