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ActiveCondo

$1,195,000

500 Fulton St Apt 101, Palo Alto 94301

Beds2
Baths1.5
Sqft1,096
DOM10
No Photos Available

AddressIntel AI Briefing

This Palo Alto condo offers an attractive investment value with an entry price-per-square-foot that is 12.5% below market comparables. Backed by affluent local demographics, this property serves as a stable hold with excellent projected rental yields and solid downside protection.

Property Permit History

No permit history found directly associated with this property's address.

Recent Neighborhood Remodeling (Palo Alto)

2026-08-2126 ERSTWILD CT, PALO ALTO CA 94303
Project - Building Permit
--Submitted
2026-08-213200 MORRIS DR, PALO ALTO CA 94303
Project - Building Permit
--Submitted
2026-08-21525 CENTER DR, UNIT A, PALO ALTO CA 94301
Revision-Building Permit
--In Plan Check
2026-08-211310 BRYANT ST, PALO ALTO CA 94301
Revision-Building Permit
--In Plan Check
2026-08-213355 WAVERLEY ST, PALO ALTO CA 94306
Kitchen and/or Bath Remodel: Within existing footprint, non-structural changes are allowed (detached single-family and duplex only)
--Permit Issued
2026-08-213524 LOUIS RD, PALO ALTO CA 94303
Building Addressing
--Under Review

Parcel & Zoning Info

APN00362006
Official Lot Sqft1,307
Zoning Code--
SB 9 StatusN/A

Condo Investment Snapshot

Value Score76/100
Price / Sqft$1,090 vs $1,255 mkt
Price vs Market-13.1% Below market
Est. Rent$4,149/mo

Price positioning vs. 50 recent comparable condo/townhome sales in this ZIP. Est. rent is a rule-of-thumb (price ÷ 24 ÷ 12), not a market quote. SB 9 / ADU development analysis doesn't apply to condos: the owner doesn't control the underlying land.

Hazard Snapshot

Flood Zone

AH
Special flood hazard area; insurance may be required.

Fire Severity

None
Not in a mapped state fire severity zone.

Liquefaction

Yes
In a mapped liquefaction zone. May require specialized foundation engineering.

Fault Zone

No
Not in a mapped Alquist-Priolo fault zone.

Not a substitute for a Natural Hazard Disclosure (NHD) report. Zones reflect available GIS data and may not cover all localities.

Nearby Public Schools

Elementary School

Addison Elementary

Palo Alto Unified

0.5 miles away
Middle School

Frank S. Greene Jr. Middle

Palo Alto Unified

1.4 miles away
High School

Palo Alto High

Palo Alto Unified

1.0 miles away

School boundaries are subject to change. Nearest school distance does not guarantee enrollment eligibility. Check with the local district. Data provided by CDE.

Proprietary Intelligence

Market Heat Index

69/100

Based on recent sales velocity and local demand in 94301.

Flippability Score

45/100

Measures neighborhood renovation density vs. recent permits on this property.

Bidding War Prob.

43%

Likelihood of multiple offers based on local list-to-sale ratios and DOM.

Proforma ROI Calculator

Back-of-the-napkin deal analysis across development strategies.

Median of 12 recent condo sales in Palo Alto (94301): $1,051/sqft. Sized within 25% of the 1,600 sqft build, because smaller houses sell for more per foot and pricing a rebuild off them overstates resale.

Commission, transfer tax and closing. Deducted from resale before profit, so the ROI below is net of the exit rather than gross.

Carry on total capital for the project duration. At 0% the model is a cash purchase; 12 months at a typical construction-loan rate moves ROI by 6 to 10 points on a deal this size, so price it with your real rate.

Hard Costs$880,000
New Build1,600 sqft
Total Capital Required$2,250,000
Estimated Resale (ARV)$1,681,600
Cost of Sale (5%)-$84,080
Net Proceeds$1,597,520

Projected Profit

-$652,480
-29.0% ROI

Warning: Project is mathematically underwater.

Recent Comparables (Palo Alto 94301)

Sized to the modelled 1,600 sqft build: sales within 25% of it. Smaller houses sell for more per foot, so pricing a rebuild off them overstates resale.

101 Alma St Apt 608

Sold
$1,000,000
Sold: 2026-08-14
Lot: -
Sqft: 1531
$/Sqft: $653

101 Alma St Apt 907

Sold
$2,152,500
Sold: 2026-08-14
Lot: 1,036
Sqft: 1565
$/Sqft: $1,375

101 Alma St Apt 201

Sold
$1,275,000
Sold: 2026-06-30
Lot: -
Sqft: 1216
$/Sqft: $1,049

483 Forest Ave Apt E

Sold
$1,700,000
Sold: 2026-06-23
Lot: -
Sqft: 1613
$/Sqft: $1,054

483 Forest Ave Apt C

Sold
$1,600,000
Sold: 2026-06-18
Lot: -
Sqft: 1613
$/Sqft: $992

555 Byron St Apt 305

Sold
$1,525,000
Sold: 2026-06-12
Lot: -
Sqft: 1548
$/Sqft: $985

101 Alma St Apt 407

Sold
$1,495,000
Sold: 2026-05-15
Lot: -
Sqft: 1444
$/Sqft: $1,035

685 High St Apt 5A

Sold
$1,695,000
Sold: 2026-05-13
Lot: -
Sqft: 1530
$/Sqft: $1,108

101 Alma St Apt 908

Sold
$1,500,000
Sold: 2026-05-08
Lot: -
Sqft: 1491
$/Sqft: $1,006

800 High St Apt 216

Sold
$2,500,000
Sold: 2026-04-08
Lot: -
Sqft: 1638
$/Sqft: $1,526

360 Everett Ave Apt 5B

Sold
$2,200,000
Sold: 2026-04-08
Lot: -
Sqft: 1762
$/Sqft: $1,249

663 Waverley St

Sold
$1,750,000
Sold: 2026-03-17
Lot: -
Sqft: 1612
$/Sqft: $1,086