Home > New Faculty Housing > Direct Sales > 1530 Castilleja Avenue, Palo Alto

FSH Direct Sale
Sale 13: 1530 Castilleja Avenue, 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 Southgate 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 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 at Stanford and in 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.

Information Regarding 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, 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

Southgate is a neighborhood in the City of Palo Alto, California. Living in Southgate offers residents a dense suburban feel with a lot of restaurants, coffee shops, and parks nearby. The neighborhood was named due to its location at the southern end of the Stanford campus where residents can walk to shopping, sporting events, or to public transportation. There is a mix of architectural styles and home vintages within the neighborhood.

1530 Castilleja Avenue, located in the Southgate neighborhood of Palo Alto, is a single-story, single-family home built in 1948. This traditional style home offers a family friendly floor plan with a detached garage. The home features a private yard, natural light, as well as contemporary finishes and more.

Frequently Asked Questions (FAQs)

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

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