261 Colorado Avenue

261 Colorado Avenue in Palo Alto, CA was first built in 1952 and is 72 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a custom style. There are a total of 2 floors. There are a total of 11 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 261 Colorado Avenue has 1,962 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 500 ft and the linear feet between the front and back of the lot is 1,000. In total, the area measurement of the land is 5,500 square feet.

Learn more about the property and building on this page. There is a porch and a patio. The roof of the home is made of composition shingle. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a garage. The garage is 380 sqft. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of wood. As for heating, the home is utilizing a heating system and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 261 Colorado Avenue was last sold in Mar 11, 2005 for $1,380,000. According to our calculations, that's $703.36 per sqft. Current property owners are expected to pay $22,474 in taxes per year. The property on 261 Colorado Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,848,895. To break that down further, the land itself was valued at $1,105,317. While improvements to the property were assessed at a total of $743,578. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.