Sale closed in Palo Alto: $2.5 million for a three-bedroom home

A house built in 1950 located in the 100 block of El Dorado Avenue in Palo Alto has new owners. The 888-square-foot property was sold on Feb. 23, 2023. The $2,500,000 purchase price works out to $2,815 per square foot. The property features three bedrooms, one bathroom, a garage, and two parking spaces. The backyard also has a pool. The unit sits on an 8,040-square-foot lot.

Additional houses have recently changed hands nearby:

• On Ramona Street, Palo Alto, in September 2022, a 988-square-foot home was sold for $2,950,000, a price per square foot of $2,986. The home has 2 bedrooms and 1 bathrooms.
• A 2,338-square-foot home on the 2900 block of Ramona Street in Palo Alto sold in June 2022 for $3,886,000, a price per square foot of $1,662. The home has 4 bedrooms and 3 bathrooms.
• In November 2022, a 1,038-square-foot home on Colorado Avenue in Palo Alto sold for $2,620,000, a price per square foot of $2,524. The home has 3 bedrooms and 1 bathrooms.