The price has just been reduced to $4.0 million 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.