Santa Clara County  »  94301  »  University Ave  »  701 University Ave

701 University Avenue, Palo Alto, CA 94301 - Property report

Also known as: 489 Middlefield Rd

Property image for 701 University Avenue, Palo Alto, CA 94301
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Property type

Offices, High-Rise Office Buildings, Banks and Clinics (Category Also Includes Parking for Existing Office Buildings) (59)

Year built

1959

Acreage

0.25

Sale price

$4,300,000

General Information

Address
Primary address
701 University Ave
Palo Alto, CA 94301
Alternate address(es)
489 Middlefield Rd
493 Middlefield Rd
499 Middlefield Rd
Zip code
94301
Neighborhood
Crescent Park
County
Santa Clara
Municipality
Palo Alto
Parcel ID
003-02-022

Owner

Find out who owns 701 University Avenue, Palo Alto, CA 94301. Uncover corporate and individual owners with a free account.

Sales
Sale date
03/16/2022
Sale price
$4,300,000
Arm's length
Tax
Tax year
2025-2026
Property tax
$41,445
Building
Property type
Offices, High-Rise Office Buildings, Banks and Clinics (Category Also Includes Parking for Existing Office Buildings)
Building sq. ft.
2,880
Stories
1
Year built
1959
Lot
Acreage
0.25
Lot sq. ft.
11,250
Zoning & use
Zoning
Qualified opportunity zone

Area overview

Walk score
89 /100.  Very Walkable
Transit score
50 /100.  Good Transit
Bike score
90 /100.  Biker's Paradise
Ownership

Ownership information for 701 University Avenue, Palo Alto, CA

Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address
Documents

Sales history for 701 University Avenue, Palo Alto, CA 94301

Sale date Sale price Buyer name Seller name
03/16/2022 $4,300,000 XXXXXXX XXXXXXXXXXX XXXXXXX XXXXXXXXXX XXX

*Most recent sale on record for this property.

More about Santa Clara County property records.

Title documents

Date Type Amount Party 1 Party 2
03/16/2022 Agreement
Assignment of Rents and Leases
Deed of Trust
Fixture Filing		 XXXXXXX XXXXXXXXXXX XXXX XX XXXXXXX X X
03/16/2022 Grant Deed XXXXXXX XXXXXXXXXX XXX XXXXXXX XXXXXXXXXXX
12/05/2000 Deed XXXXXXX XXXXXXXXXX XXXXXXX XXXXXXXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 701 University Avenue, Palo Alto, CA

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2025-2026
Property tax
$41,445
Recent tax assessments
Market value
$3,450,000
Land value
$3,000,000
Building value
$450,000

More about Santa Clara County property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Assessed value Tax rate Property tax Y-o-Y change
2025-2026 $3,450,000 1.2013 $41,445 -21.11%
2024-2025 $4,473,720 1.1743 $52,535 +1.47%
2023-2024 $4,386,000 1.1804 $51,772 +1056.30%
2022-2023 $376,094 1.1905 $4,477 +2.01%
2021-2022 $368,721 1.1904 $4,389 +2.17%
2020-2021 $364,941 1.17716 $4,296 +1.09%
2019-2020 $357,787 1.18772 $4,250 +2.91%
2018-2019 $350,772 1.1773 $4,129 +1.78%
2017-2018 $343,895 1.1798 $4,057 +2.66%
2016-2017 $337,153 1.1722 $3,952 +0.95%
Permits

Permit information for 701 University Avenue, Palo Alto, CA

Issued date Permit number Permit type Sub type Valuation Finaled date Status
02/05/2025
02/05/2025
10/02/2023
05/30/2014
05/30/2014

*Most recent permits on record for this property.

Neighborhood

Demographics by ZIP code

Total population
17,508
Median age
46.7
Average household income
$342,324
Family households
61.6%
People per household (average)
2.4
Occupied housing units
7,167
Owner-occupied units
53.0%
Median year structure built
1957
Median value mortgaged units
$2,000,001
Median value unmortgaged units
$2,000,001

Risk

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FEMA flood zones

FEMA flood zones
AH
Landslides and liquefaction map

Fire hazard zones

Faults and tsunami inundation zones map

Transportation

Daily traffic map
View daily traffic map

Access the detailed traffic volume map for 701 University Avenue, Palo Alto, CA 94301 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.

Neighbors for 701 University Avenue, Palo Alto, CA

518 Fulton St, Palo Alto 425 Fulton St, Palo Alto 765 University Ave, Palo Alto 345 Middlefield Rd, Palo Alto 755 Hamilton Ave, Palo Alto 412 Guinda St, Palo Alto 881 Lytton Ave, Palo Alto 422 Fulton St, Palo Alto 765 Hamilton Ave, Palo Alto 351 Middlefield Rd, Palo Alto 536 Fulton St, Palo Alto 550 Fulton St, Palo Alto 731 Hamilton Ave, Palo Alto 871 Lytton Ave, Palo Alto 428 Fulton St, Palo Alto 417 Fulton St, Palo Alto 402 Guinda St, Palo Alto 789 University Ave, Palo Alto 420 Guinda St, Palo Alto 409 Fulton St, Palo Alto

Nearby ZIP codes for 701 University Avenue, Palo Alto, CA

94022, Santa Clara County, CA 94024, Santa Clara County, CA 94041, Santa Clara County, CA 94043, Santa Clara County, CA 94303, Santa Clara County, CA 94305, Santa Clara County, CA 94555, Alameda County, CA 94560, Alameda County, CA

Frequently asked questions

What is the year built for 701 University Avenue, Palo Alto, CA 94301?

The development at 701 University Avenue, Palo Alto, CA 94301 was built in 1959.

What is the market value of 701 University Avenue, Palo Alto, CA 94301?

The current market value of 701 University Avenue, Palo Alto, CA 94301 is $3,450,000.

What is the total square footage of 701 University Avenue, Palo Alto, CA 94301?

701 University Avenue, Palo Alto, CA 94301 has a total of 2,880 square feet.

What is the price per square foot for this property?

$1,493 per square foot is the price for 701 University Avenue, Palo Alto, CA 94301.

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