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ActiveSingle Family

$3,290,000

997 Ilima Way, Palo Alto 94306

Beds4
Baths2
Sqft1,516
DOM5
No Photos Available

AddressIntel AI Briefing

A home run teardown-and-mansionize or SB 9 lot split play with zero environmental hazards and an elite demographic ceiling. The extremely low 17% lot coverage and 100/100 ADU score leave the door wide open for maximizing yield.

Property Permit History

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

Recent Neighborhood Remodeling (Palo Alto)

07/06/2026 • 590 MARION AV, PALO ALTO CA 94301
Roof: Like for like re-roof, only one structure per permit (detached single-family and duplex only, non-historic property)
--Permit Issued
07/06/2026 • 3806 LOUIS RD, PALO ALTO CA 94303
Solar: Roof-mounted solar system with SolarAPP+ (Single-family detached residential or duplex only)
--Permit Issued
07/06/2026 • 155 CALIFORNIA AV, UNIT G200, 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
07/06/2026 • 634 FULTON ST, PALO ALTO CA 94301
Kitchen and/or Bath Remodel: Within existing footprint, non-structural changes are allowed (detached single-family and duplex only)
--Permit Issued
07/06/2026 • 3341 ALMA ST, PALO ALTO CA 94306
Project - Building Permit
--Submitted
07/06/2026 • 3264 ROSS RD, PALO ALTO CA 94303
Project - Building Permit
--In Plan Check

Parcel & Zoning Info

APN--
Official Lot Sqft--
Zoning Code--
SB 9 StatusBlocked

Hazard Snapshot

Flood Zone

None
No data available.

Fire Severity

None
Not in a mapped state fire severity zone.

Liquefaction

No data
Seismic data unavailable.

Fault Zone

No data
Seismic data unavailable.

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

Proprietary Intelligence

Market Heat Index

70/100

Based on recent sales velocity and local demand in 94306.

Flippability Score

92/100

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

Bidding War Prob.

53%

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.

Based on 6 recent sales in 94306 averaging $1,694/sqft.

Hard Costs$909,600
New Build2,274 sqft
Total Capital Required$4,374,600
Estimated Resale (ARV)$3,852,156

Projected Profit

-$522,444
-11.9% ROI

Warning: Project is mathematically underwater.

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