Property Overview:
1038 Runnymede St is a single-family home in East Palo Alto, CA, built in 1946. It features 3 bedrooms, 1 bathroom, and 1,210 sq. ft. of living space. The home includes a parking garage and sits on almost one-half acre (4,882 sq. ft. lot). The estimated home value is $1,142,000.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 19.1% (higher than state average of 11.8%).
- Property crime risk: 11.7% (higher than state average of 10.8%).
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Schools:
Nearby schools include KIPP Esperanza High, Aspire East Palo Alto Charter, and Cesar Chavez Ravenswood Middle.- Average SAT score: 1062 (above state average of 975).
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Job Market:
- 59.9% white-collar jobs, 40.1% blue-collar jobs.
- Unemployment rate: 4.9% (slightly higher than state average of 4.7%).
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Demographics:
- Community population: 41,564 (4% growth since 2000).
- 69% families with children.
- Largest age group: 35-44 years (14.67%), followed by 25-34 years (14.04%).
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Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 51.2°F (January), 87.2°F (July).
- Average rainfall: 18.3 inches/year.
- Average snowfall: 0.1 inches/year.
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Cost of Living:
- Median household income: $82,787.
- Average annual spending: $59,990.
Property Features:
- Mid-century style with updated kitchen and bath.
- Large lot (almost one-half acre) ideal for expansion or addition of ADUs (Accessory Dwelling Units).
- Potential for family compound or expansive home (check with city for development options).
- Room for a swimming pool (subject to city ordinances).
- Great opportunity for a visionary buyer seeking value-add potential.
Location Benefits:
- Family-oriented community with a growing population.
- Convenient access to local schools and job opportunities.
- Development potential for expansion or additional units.
- Ideal for families or investors looking for long-term value.