Property Overview:
1304 Madera Ave is a single-family home in Menlo Park, CA (Belle Haven neighborhood), built in 1948. It features 3 bedrooms, 2.5 bathrooms, and 1,920 sq. ft. of living space. The home includes a 2-car detached garage, a large gourmet kitchen, and sits on a 9,840 sq. ft. corner lot. The property was extensively renovated in 1985 with permits. The estimated home value ranges from $1,397,000 to $2,288,768. The current list price is $2,475,000.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 8.3% (lower than state average of 11.8%).
- Property crime risk: 9.6% (lower than state average of 10.8%).
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Schools:
Nearby schools include Belle Haven Elementary, Cesar Chavez Ravenswood Middle, Tide Academy, and Menlo-Atherton High School.- Average SAT score: 1100 (higher than state average of 975).
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Job Market:
- 73.9% white-collar jobs, 26.1% blue-collar jobs.
- Unemployment rate: 2.9% (lower than state average of 4.7%).
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Demographics:
- Community population: 38,986 (10% growth since 2000).
- 59% families with children.
- Largest age group: 35-44 years (16.02%); second largest: 45-54 years (14.98%).
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Natural Disaster Risk:
- High flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 51.9°F (January), 87.0°F (July).
- Average rainfall: 17.4 inches/year.
- Average snowfall: 0.1 inches/year.
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Cost of Living:
- Median household income: $107,463.
- Average annual spending: $72,061.
Property Features:
- Extensively renovated in 1985 with permits, adding significant living space and modern amenities.
- Large gourmet kitchen and family room.
- Corner lot with 9,840 sq. ft. of land.
- 2-car detached garage.
- SB9 investment opportunity:
- Potential to split the lot into two parcels and build two homes on each lot (plans in process with the City of Menlo Park).
- Demo permits approved; building permits in progress.
- Will require HOA and CC&Rs for new development.
Location Benefits:
- Prime location:
- Two blocks from Meta (Facebook) global HQ.
- Near the approved Willow Village development.
- Easy access to major employers and future city development plans (see City of Menlo Park website).
- Commuter-friendly: Close to major tech campuses and transportation.
- Strong investment potential due to location and development opportunities.