Home > New Faculty Housing > Direct Sales > 2300 Amherst Street, Palo Alto

FSH Direct Sale
Sale 10: 2300 Amherst Street, Palo Alto

Direct Sale Information

• Now Available!

• Are members of the Academic Council who have a 100% Academic Council appointment and are working 100% time; and
• Have an appointment, that has been approved by the President, for a term of three or more years with the possibility of reappointment, or have received tenure, or have an appointment with continuing term; and
• Have attended an Open House or had a private tour for the Direct Sale home; and
• Do not have a reservation or contract on a FSH lottery or FSH Direct Sale single-family home.

This direct sale is comprised of 1 single-family home located in the College Terrace neighborhood.

This home is subject to a Restricted Residential Ground Lease, and Stanford is selling this leasehold interest through the FSH Direct Sale Process.

This home is not subject to an FSH Housing Lottery.

This home is being sold “AS-IS”.

All homes located on Stanford lands are subject to a ground lease. Not all ground leases are the same.

This home is subject to the Stanford “Restricted Residential Ground Lease” (Restricted Ground Lease). The Restricted Lease program is designed to help address the challenge of finding affordable housing in Stanford and surrounding cities. By restricting certain rights of lessees, the University is able to offer long-term leasehold interests at significantly less than the cost of either a conventional leasehold interest or fee ownership of an otherwise comparable home.

The Restricted Ground Lease is available for reference here.

• Satisfy all of the Eligibility Criteria for this Direct Sale home; and
• “Submit an Offer” for the home, as outlined below, and
• “Complete the Purchase” of the home, as outlined below.

• Reservation Form (available here); and
• Initial Reservation Deposit (a bank deposit check payable to First American Title Company for Fifteen Thousand Dollars ($15,000)); and
• A letter from a lender or evidence that demonstrates the prospective buyer's ability to purchase the home.

• Direct Mail: Certified Mail, Carrier with Signature, or In-Person with receipt, during regular business hours (8:30am to 5:30pm) at:

  Faculty Staff Housing
  Owen House
  552 O’Connor Lane
  Stanford, CA 94305
  Attn: Asset Management
  

• Email: to FSHListings@stanford.edu, sent with:
  
  
  • Clear image of the Initial Reservation Deposit; and
  • Subject: "SECURE: Direct Sale – Purchase Offer Packet (Property Address)”;
    • Secure Email service is designed for faculty who need to use email to send Moderate to High Risk Data. More information regarding Secure Email can be obtained from Stanford University IT
      (https://uit.stanford.edu/service/secureemail)
      
      
• Fax: to 650.725.4888, sent with:
  
  
  • Clear image of the Initial Reservation Deposit; and
  • Cover Sheet containing the following:
  • To: Asset Management
  • Re: "Direct Sale – Purchase Offer Packet (Property Address)"

• FSH will immediately place the Initial Reservation Deposit and Reservation Form in the escrow depository; and
• The Prospective Buyer must sign the Purchase Contract for the home within two (2) business days after FSH has accepted their Purchase Offer Packet.
• The total escrow period may not be less than 30 days and no greater than 60 days.

Listing Information

College Terrace is a highly sought-after neighborhood in the City of Palo Alto. The neighborhood is located blocks from Stanford University, in a 2 block by 12 block area that lies between South California Avenue and Stanford Avenue, from Amherst Street to El Camino Real. All of the street names in the neighborhood are named after East Coast colleges and universities. The homes in the neighborhood are known for their eclectic nature.

2300 Amherst Street is a three-story single-family home built in 2002 with updates in 2019. This traditional architectural style home offers a formal kitchen, living and dining areas, and a family room on the entry level. The upper level is comprised of a large master bedroom, master bath, and two balconies. The lower level is comprised two bedrooms, a den, a laundry area, storage room, and recreational space. This home features a chef’s kitchen, dual fireplace, private yard, two decks, natural light, as well as an interesting history!

Frequently Asked Questions (FAQs)

Answers to FAQs regarding the home and FSH Direct Sales are available here.

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