Fabulous $500,000 price reduction for this classic Old Palo Alto home, beautifully updated and expanded, on a large (10,000 square foot) lot. This two-story six bedroom and 4.5 bath home has gracious living room with fireplace, formal dining room, updated kitchen, adjacent breakfast area and family room with doors leading to a well-planted private garden. Hardwood floors in most rooms. There is a ground floor bedroom with adjacent bath; upstairs is a generous sized primary suite and four additional bedrooms, 2.5 additional baths, and a sun porch. A cozy alcove provides office space, and light pours from well-placed skylights. All bathrooms are updated with handsome tile and modern fixtures. A separate utility room is conveniently located next to the kitchen and there is a partial basement for the furnace, water heater and some storage. Near to Stanford, shops and restaurants, and downtown Palo Alto. Be in this large and comfortable home by the start of the school year.