Property Overview:
1272 Market St is a single-family historic home in Santa Clara, CA, built in 1907 by the city’s first attorney, Charles A. Thompson. It features 3 bedrooms, 2 bathrooms, and 1,560 sq. ft. of living space. The home includes a parking garage, fireplace, central heat/AC, and an expansive unfinished basement. The estimated home value is $1,421,000 (last sold for $970,000 in 2016). The property is under the Mills Act, resulting in lower property taxes.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 6.8% (lower than state average of 11.8%).
- Property crime risk: 8.7% (lower than state average of 10.8%).
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Schools:
Nearby schools include Buchser Middle, Washington Open Elementary, and Wilson Alternative.- Average SAT score: 1155 (higher than state average of 975).
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Job Market:
- 65.1% white-collar jobs, 34.9% blue-collar jobs.
- Unemployment rate: 3.6% (lower than state average of 4.7%).
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Demographics:
- Community population: 35,657 (18% growth since 2000).
- 58% families with children.
- Largest age group: 25-34 years (18.2%); second largest: 35-44 years (14.77%).
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Natural Disaster Risk:
- Moderate flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 46.4°F (January), 80.6°F (July).
- Average rainfall: 15.0 inches/year.
- Average snowfall: 0.1 inches/year.
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Cost of Living:
- Median household income: $65,818.
- Average annual spending: $51,815.
Property Features:
- Historic charm with original woodwork, doors, windows, and millwork.
- Living Room (Parlor) & Formal Dining Room separated by original pocket doors.
- Remodeled & expanded kitchen: Granite countertops, gas oven/range, refrigerator, dishwasher, double sinks.
- Laundry room with walk-in pantry.
- Master bedroom with walk-in closet and hardwood floors.
- Central forced air heating (2 zones) and central AC (downstairs).
- Large backyard: Bi-level deck, shed for storage, and blank canvas for customization.
- Detached garage with 580 sq. ft. studio/workshop and additional 2nd-floor space.
- 880 sq. ft. unfinished basement.
- Newer composition roof, updated electrical and plumbing.
- Low Santa Clara utilities.
Location Benefits:
- Central Silicon Valley location: Close to Highway 880, Santa Clara University, Santa Clara Town Centre, Franklin Mall, Santana Row/Valley Fair, and the Apple Campus.
- Commuter-friendly with easy access to freeways, expressways, shopping, restaurants, and high-tech companies.
- Rare opportunity to own a piece of Santa Clara history with lower property taxes under the Mills Act.