Palo Alto teardown asks $1.9 million

Today’s jaw dropper comes by way of Palo Alto, the tony Peninsula town suffering from a housing drought, where a circa 1937 home under 1,000 square feet is going for nearly $2 million.

Located at 280 Stanford, the two-bed, one-bath, 908-square-foot abode comes with hardwood floors, a brick wood-burning fireplace, and exposed wood beam vaulted ceiling. Delightful.

However, with this particular listing, the buyer would be paying for the lot—approximately 7,500 square feet of it. Not to mention the ideal location, four blocks from California Avenue and right around the corner from Peer Park.

This house will most likely be torn down replaced with a bigger, contemporary construction in its place.

Asking is $1,927,000.

• 280 Stanford [Sotheby’s]
• Exclusive interview: Palo Alto mayor Patrick Burt fires back at housing critics [Curbed SF]