FACULTY STAFF HOUSING DEVELOPMENT

 


Home > New Faculty Housing > Lottery Sales > Lottery 17: Palo Alto (College Terrace & Downtown North)

FSH Lottery Sale
Lottery 17: Palo Alto (College Terrace & Downtown North)

Lottery Information

Dates
  • 09/18/2019 – Interest List Opens (Wed 5pm)
  • 09/27/2019 – Open House #1 (Fri 4pm – 6pm)
  • 10/01/2019 – Open House #2 (Tue 4pm – 6pm)
  • 10/04/2019 – Interest List Closes (Fri 5pm)
  • 10/08/2019 – Lottery Results Posted (1 pm)
  • 10/09/2019 – Home Selection and Purchase Deposit Appointments Begin

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 3 years or more with the possibility of reappointment, or have received tenure, or have an appointment with continuing term; and
  • Who together with a spouse or registered domestic partner: (i) do not currently own a single-family home located within the Qualifying Area and (ii) have had no ownership interest in a single-family home located within the Qualifying Area since receiving a written offer of employment from Stanford; and
  • Have attended an Open House or had a private tour for the Lottery homes; and
  • Do not have a reservation or contract on a single-family home in a FSH lottery or FSH Direct Sale single-family home.
Overview

This lottery sale will comprise of 4 single-family homes. All of the homes are located in Palo Alto neighborhoods, three homes are located in College Terrace and one is located in Downtown North.

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

These homes are being sold “As-Is.”

Restricted Ground Lease

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

These homes are subject to a 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.

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

Listing Information

Neighborhood Details

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.

Downtown North is a neighborhood just North and East of University Avenue. Living in Downtown North offers residents an urban feel. In Downtown North there are a lot of restaurants, coffee shops, and parks within walking distance to the residences in the area.

2040 Columbia Street is a two-story single family home built in 2019. This modern style home offers an open floor plan and the convenience of indoor/outdoor living. The home features a den, a private yard, natural light, as well as modern finishes and more.

2070 Columbia Street is a two-story single family home built in 2019. This craftsman style home offers an open floor plan with direct garage access. The home features a den, a private yard, natural light, as well as contemporary finishes and more.

2300 Amherst Street is a three-story single family home built in 2002 with updates in 2019. This traditional style home offers a formal kitchen, living and dining areas,and a family roomon 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 traditional kitchen with large center island, dual fireplace, private yard, two decks, natural light, as well as an interesting history!

145 Hawthorne Avenue is a two-story single-family home built in 2015. It is accessed via a tree-lined driveway shared with two related homes at 143 and 147 Hawthorne Avenue that share the same architecture. This modern style home offers an open floor plan with lots of natural light on the interior, the exterior features natural wood siding, metal roof system, an attached garage, a private side yard and front patio, bike storage, modern finishes, and more.


Property Details (part 1 of 2)

Address 2040 Columbia Street
Palo Alto, CA 94306
2070 Columbia Street
Palo Alto, CA 94306
Purchase Price $1,925,000 $1,920,000
Floor Plan 4 BR / 3 BA 4 BR / 3 BA
Home Size (approx.) 1,899 Sq. Ft. 1,819 Sq. Ft.
Lot Size (approx.) 5,250 Sq. Ft.
(0.12 ac)
5,250 Sq. Ft.
(0.12 ac)
Year Built 2019 2019
Architectural Style Modern Craftsman
Parking 1-Car Detached Garage 1-Car Attached Garage
Amenities This home features stone counters, dark wood cabinetry, stainless steel appliances, custom features such as angled shower, power windows in select locations, and much more! This home features stone counters, white wood cabinetry, stainless steel appliances, custom features such as honeycomb tiles in the upstairs hallway bathroom, and much more!
Utilities All available.
Separately Metered.
Owner Pays.
All available.
Separately Metered.
Owner Pays.
Subdivision Fee No No
Schools Escondido Elementary
David Starr Jordan Middle
Palo Alto High
Escondido Elementary
David Starr Jordan Middle
Palo Alto High
Images Floor Plan
Photos
Virtual Tour
Floor Plan
Photos
Virtual Tour

Property Details (part 2 of 2)

Address 145 Hawthorne Avenue
Palo Alto, CA 94301
2300 Amherst Street
Palo Alto, CA 94306
Purchase Price $1,602,500 $1,875,000
Floor Plan 3 BR / 2.5 BA 3 BR / 2.5 BA
Home Size (approx.) 1,582 Sq. Ft. 2,492 Sq. Ft.
Lot Size (approx.) 3,591 Sq. Ft.
(0.08 ac)
6,000 Sq. Ft.
(0.14 ac)
Year Built 2015 2002
Architectural Style Modern Traditional
Parking 1-Car Attached Garage 1-Car Detached Garage
Amenities Contemporary kitchen, stainless steel appliances (washer/dryer, refrigerator, dishwasher, range, & microwave), iPad home audio, fireplace, bike storage, and more! 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 more!
Utilities All available.
Separately Metered.
Owner Pays.
All available.
Separately Metered.
Owner Pays.
Subdivision Fee Yes. (approx.) $200/yr,
plus time and materials
No.
Schools Addison Elementary
Greene Middle
Palo Alto High
Escondido Elementary
David Starr Jordan Middle
Palo Alto High
Images Floor Plan
Photos
Virtual Tour
Floor Plan
Photos
Virtual Tour - TBD

Frequently Asked Questions (FAQs)

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

Interest List Application

The interest list is now closed. For lottery results click here.



(top of page)

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.


 
Stanford Home

Contact |   Directions | PRIVACY POLICY |   FSH Terms of Use