Your friendly reminder that PA real estate is expensive.
https://www.redfin.com/CA/Palo-Alto/220-Iris-Way-94303/home/766810
You don’t say 
Nice street, but lot is not that big even for rebuild or extend, you won’t get more than 2100-2200 sqft.
Spill out your PA mansion 
I am waiting for how much this is going to sell for. Looks like development deal with buying the land for 2.5M.
920 Dennis Dr, PALO ALTO, CA 94303 | MLS# ML81821598 | Redfin
What’s the going per foot price in PA these days? That shack is asking for 2.2k per foot.
Given Land is quite valuable, hard to judge the value with per sqft price. You can easily do addition with less than 500 / sqft, which brings down average quite a bit.
But I would say it would be around 1500 / sqft for houses that are 1500 - 2000 sqft.
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https://www.redfin.com/CA/Palo-Alto/265-Coleridge-Ave-94301/home/591239
~4.3M
lot value
7,500 sf
corner lot
It’s a really nice location except for a 2 story neighbor on one side.
Coleridge is in Old Palo Alto which is the best neighborhood in town (well not necessarily the best but it really just means the most expensive).
The Iris Way house is in Green Gables. It’s also very decent but not at the same level as Coleridge.
Iris Way house is slightly below market I think.
This one seems to be very underpriced? Lot is on the small side though. Is that the reason?
https://www.redfin.com/CA/Palo-Alto/2830-Ross-Rd-94303/home/1374448
Quite a few activities at this house (whenever I drive by - on one of the main street), and pending already.
468 E Charleston Rd, PALO ALTO, CA 94306 | MLS# ML81829186 | Redfin
@manch What about this one for you?
https://www.redfin.com/CA/Palo-Alto/628-Maybell-Ave-94306/home/1843497
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Don’t be fooled by such luxury. There’s a price to be paid for that…
Pretty bizarre house. Concrete construction with a middle eastern style. Iranian builder? Tore down an Eichler for this Persian Palace. I wonder what the premium was for concrete construction?
Look at those domes. Your own personal Hagia Sophia in Barron Park!
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This is the garage from Maybell property (“Hagia Sophia”). Is there ice rink in there?
On the $5.788M Ross Rd property, that one has a larger lot (9,888 sq ft). That plus all those lucky 8’s add to the premium. 
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I got the tour of that house yesterday, That garage walls are fully insulated except the door. It was a hobby project more so than investment. But unique and high quality throughout.
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Ross house is overpriced.
Now this one is a surprise, and clearly it was a cash buy. I was thinking 2.7-2.8 range.
https://www.redfin.com/CA/Palo-Alto/178-Ely-Pl-94306/home/1056714
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Ely is close to both the train tracks and busy road cross sections. Someone was asking about noise in another thread. I’d imagine it can get pretty noisy in the Ely house as well?