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The current zillow estimate (for what its worth) is $2,495,000 but its being rented out for $4995/month. If my back of the envelope calculation is rigth that justifies a price of about $750,000 - $900,000. There is clear proof Palo Alto is a tad overhyped.
Here is the Zillow info
http://www.zillow.com/homedetails/charts/19495077_zpid,10years_chartDuration/
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