Property Overview:
1054 Moffett Cir is a single-family home in Palo Alto, CA, built in 1951. It features 4 bedrooms, 2 bathrooms, and approximately 1,676–1,700 sq. ft. of living space. The home includes a parking garage, fireplace, heating and cooling systems, and a shed with a concrete foundation. The estimated home value is $2,738,000. The property is vacant, and the seller (a real estate broker) will pay for a new roof and fireplace. 1031 tax exchange at no cost to buyers.
Neighborhood Highlights:
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Population:
- Community of 41,564 residents (4% growth since 2000)
- 69% families with children
- Largest age groups: 25–34 (14.04%), 35–44 (14.67%)
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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: Ohlone Elementary, Frank S. Greene Jr. Middle, East Palo Alto Academy, Greendell
- Designated public schools: Palo Verde Elementary, Jane Lathrop Stanford Middle, Palo Alto High School
- 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 above state average of 4.7%)
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Cost of Living:
- Median household income: $82,787
- Average annual spending: $59,990
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Natural Disaster Risk:
- High 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
Property Features:
- Remodeled and well-maintained
- Natural light throughout
- Central heating
- Open-concept kitchen with white cabinetry, quartz countertops, modern appliances (refrigerator, range, microwave, dishwasher, garbage disposal)
- Updated bathrooms
- Washer/dryer, newer tankless water heater, extra storage
- Covered parking and street parking
- Backyard with ample patio space and shed (ideal for office/playroom)
- Hardwood floors, new paint, numerous windows
- Brick fireplace in living room
- Pet and smoke-free (no smoking allowed)
- Tenant pays all utilities (for rentals)
- Renter insurance required (for rentals)
Location Benefits:
- Outstanding location:
- Moments to Greer Park, Midtown Shopping Center, Stanford University, and top-ranked Palo Alto schools
- Walking/biking distance to parks, shopping, restaurants, and major tech companies
- Less than 10 minutes to Caltrain
- Just over half a mile to US 101 for easy Bay Area commuting
- Ideal for families and commuters
- Light-filled living space with Eichler design that brings the outside in