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2859 Josephine Ln, Paloalto, CA, 94303

2beds
3baths
1,436sqft
$1,718,000
$1,196price/sqft
$11,001/moest. monthly cost
$440,040/yrincome needed

About This Home

Brand-new and thoughtfully designed, this stunning townhome offers 3 bedrooms and 3 full bathrooms across 1,436 sq. ft. of stylish, modern living. Plan 1 layout features a bright, open concept design perfect for both everyday living and effortless entertaining. A versatile third bedroom is conveniently located on the main living level near the kitchen and living area, making it ideal for a home office or private guest suite. Enjoy designer-selected upgrades, including Bosch appliances, sleek white shaker white cabinetry with soft-close features, and LED recessed lighting throughout, creating a clean and contemporary aesthetic. Popular among first-time buyers and growing families, this home is part of 28Fifty, an exclusive new community. With just 48 townhomes, the neighborhood is centered around a private park, offering a peaceful and connected living environment. Located in Palo Alto's desirable Midtown neighborhood ranked among the city's most walkable this home provides easy access to shopping, dining, parks, and transit. Zoned for highly acclaimed schools: Palo Verde Elementary, J.L. Stanford Middle, and Palo Alto Highschool. Interior photos shown are of the model. Come visit today!

Getting Around

29
WalkingCar-Dependent
0
TransitVery Limited Transit
79
BikeVery Bikeable

Schools

8/10
10/10
Palo Alto High SchoolGrades 9-122.3 mi

Construction

Condition

  • New construction: Yes
  • Year built: 2026

Materials

  • Foundation: Slab
  • Roof: Composition

Type & Style

  • Home type: Townhouse
  • Property subType: Townhouse,Residential

Interior

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 3
  • Full bathrooms: 3

Dining Room

  • Features: DiningFamilyCombo

Family Room

  • Features: KitchenFamilyRoomCombo

Heating & Cooling

  • Heating features: 2 plus Zones
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,436
  • Total interior livable area: 1,436 sqft

Property

Details

  • Parcel number: 12772004
  • Zoning: ROLM
  • Special condition: NewSubdivision

Parking

  • Total spaces: 2
  • Parking features: Attached
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingVery High
  • Coastal Flooding
    Coastal FloodingRelatively High
  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Inland Flooding
Coastal Flooding
Earthquake
Heat Wave

FEMA Declared Disasters in Santa Clara County and California

Earthquake
Flood
Mud Landslide
Severe Ice Storm
Severe Storm
Snowstorm
Straight Line Winds
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $8,687$104,244
Home Insurance *$101$1,212
Property Taxes $1,815$21,780
Electricity $398$4,786
Total$11,001$132,012
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$377,177/yr
40% on housing$330,030/yr
45% on housing$293,360/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.1%
7.1%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,196This listing

vs Other Active Listings

Avg $/sqft

ZIP 94303$810
Santa Clara County$789

vs Homes Sold Last Month

Median $/sqft

ZIP 94303$1,394
Santa Clara County$1,052

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-08-12Price change$1,698,000
2026-05-21Listed for sale$1,718,000

New Construction

AgentAnna Hou
BrokerageSummerhill Brokerage, Inc.

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