For sale

Price cut: $45K (7/22)

$1,495,000

561 Thain Way, Palo Alto, CA 94306

3beds

1,445sqft

$10,704/mo

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Condominium, Residential

Built in 1980

-- sqft lot

$1,498,700 Zestimate^®

$1,035/sqft

$1,050/mo HOA

What's special

Multiple balconiesDedicated office spaceUpdated throughoutThree bedroomsSeparate laundry room

Come, see and enjoy this beautiful home, nestled amongst the trees in the desirable Barron Square community. Featuring three bedrooms, dedicated office space, a separate laundry room, an open floor plan with soaring ceilings and multiple balconies. Conveniently located near schools, including Gunn High School, parks, shopping, transportation, and so much more. Updated throughout, ready to move in and enjoy!

94 days

1,705

53

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Rooms

Room types: Office

Bathroom

Features: ShowersoverTubs2plus

Dining room

Features: FormalDiningRoom

Family room

Features: NoFamilyRoom

Kitchen

Features: Countertop_Granite, Skylights

Heating

Central Forced Air

Cooling

Central Air

Appliances

Included: Dishwasher, Disposal, Microwave, Electric Oven/Range, Refrigerator, Washer/Dryer
Laundry: Inside, In Utility Room

Features

One Or More Skylights, Vaulted Ceiling(s), Wet Bar
Flooring: Vinyl Linoleum
Number of fireplaces: 1
Fireplace features: Gas Starter, Living Room

Interior area

Total structure area: 1,445
Total interior livable area: 1,445 sqft

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Property

Parking

Total spaces: 1
Parking features: Assigned, Covered, Detached
Garage spaces: 1

Features

Stories: 1
Pool features: Cabana Dressing Room, Community, In Ground, Sauna or Steam Room
Spa features: Other, Spa/HotTub

Details

Parcel number: 13732059
Zoning: R1
Special conditions: Standard

Construction

Type & style

Home type: Condo
Property subtype: Condominium, Residential

Materials

Foundation: Other
Roof: Composition, Other, Tile

Condition

New construction: No
Year built: 1980

Utilities & green energy

Gas: PublicUtilities
Water: Public
Utilities for property: Public Utilities, Water Public

Community & HOA

HOA

Has HOA: Yes
Amenities included: Cabana, Club House, Community Pool
Services included: Insurance
HOA fee: $1,050 monthly

Location

Region: Palo Alto

Financial & listing details

Price per square foot: $1,035/sqft
Tax assessed value: $1,450,000
Annual tax amount: $18,413
Date on market: 4/30/2026
Listing agreement: ExclusiveRightToSell
Listing terms: CashorConventionalLoan

Estimated market value

$1,498,700

$1.42M - $1.57M

$6,174/mo

Price history

Date	Event	Price
7/22/2026	Price change	$1,495,000-2.9%$1,035/sqft
Source: MLSListings Inc #ML82045241 Report a problem
7/10/2026	Price change	$1,540,000-6.6%$1,066/sqft
Source: MLSListings Inc #ML82045241 Report a problem
6/12/2026	Price change	$1,649,000-2.7%$1,141/sqft
Source: MLSListings Inc #ML82045241 Report a problem
4/30/2026	Listed for sale	$1,695,000+5.9%$1,173/sqft
Source: MLSListings Inc #ML82045241 Report a problem
9/22/2017	Sold	$1,600,000+23.3%$1,107/sqft
Source: Public Record Report a problem
8/24/2017	Pending sale	$1,298,000$898/sqft
Source: Coldwell Banker Residential Brokerage - Palo Alto Downtown #81674249 Report a problem
8/16/2017	Listed for sale	$1,298,000+73.3%$898/sqft
Source: Coldwell Banker Residential Brokerage #ML81674249 Report a problem
3/11/2005	Sold	$749,000$518/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$18,413 -0.3%	$1,450,000 -2.7%
2024	$18,472 -4.1%	$1,490,000 -14.8%
2023	$19,252 -9.9%	$1,749,830 +2%
2022	$21,360 +2%	$1,715,520 +2%
2021	$20,940 +2.1%	$1,681,884 +1%
2020	$20,513	$1,664,640 +2%
2019	$20,513 +3.9%	$1,632,000 +2%
2018	$19,735	$1,600,000 +77.9%
2017	$19,735 +71.7%	$899,574 +2%
2016	$11,495 +3.8%	$881,936 +1.5%
2015	$11,078 +2.6%	$868,689 +2%
2014	$10,795	$851,674 +0.5%
2013	--	$847,826 +20.3%
2012	--	$705,000 +4.6%
2011	--	$674,000 -7.7%
2010	--	$730,000 -10%
2009	--	$810,739 +2%
2008	--	$794,843 +2%
2007	--	$779,259 +9.7%
2006	--	$710,400 +281.2%
2005	--	$186,365 +2%
2004	--	$182,712 +1.9%
2003	--	$179,365 +2%
2002	--	$175,849 +2%
2001	--	$172,402

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: Green Acres

Getting around

72 / 100

Very Walkable

42 / 100

Some Transit

93 / 100

Biker's Paradise

Nearby schools

GreatSchools rating

10/10
Juana Briones Elementary School
Grades: K-5Distance: 0.3 mi
9/10
Ellen Fletcher Middle
Grades: 6-8Distance: 0.6 mi
10/10
Henry M. Gunn High School
Grades: 9-12Distance: 0.7 mi

Schools provided by the listing agent

District: PaloAltoUnified

Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.