Property Overview:
156 Monroe Dr is a single-family home in Palo Alto, CA, originally built in 1949. It features 2 bedrooms, 1 bathroom, and 888 sq. ft. of living space on a 9,000+ sq. ft. lot. The home includes a parking garage. The property last sold for $2,100,000 in 2017, with an estimated current value of $3,174,000.
Neighborhood Highlights:
-
Population:
- Community of 22,332 residents (18% growth since 2000)
- 56% families with children
- Largest age group: 45-54 years (16.9%), followed by 35-44 years (14.5%)
-
Crime Rate:
- Personal crime risk: 3.9% (lower than state average of 11.8%)
- Property crime risk: 5.3% (lower than state average of 10.8%)
-
Schools:
- Zoned to highly-rated Los Altos schools:
- Santa Rita Elementary
- Egan Junior High
- Los Altos High (buyer to confirm availability)
- Nearby: Ellen Fletcher Middle, Juana Briones Elementary, Greendell, Henry M. Gunn High
- Average SAT score: 1221 (well above state average of 975)
- Zoned to highly-rated Los Altos schools:
-
Job Market:
- 77.4% white-collar jobs, 22.6% blue-collar jobs
- Unemployment rate: 2.2% (lower than state average of 4.7%)
-
Cost of Living:
- Median household income: $93,826
- Average annual spending: $66,240
-
Natural Disaster Risk:
- Moderate flood risk, low tornado risk, high earthquake risk
-
Weather:
- Average temperature: 51.8°F (January), 89.0°F (July)
- Average rainfall: 16.5 inches/year
- Average snowfall: 0.1 inches/year
Property Features:
- First time on the market in 55+ years
- Ideal for expansion or new construction on a large lot
- Great neighborhood: Only 3 blocks to the Village at San Antonio Center (shopping, dining, entertainment)
- Proximity to major tech employers:
- Walking distance to Facebook MTV buildings
- 5-minute drive to Google
- Contemporary new construction options in the area include:
- 4 bedrooms + 1 office, 4.5 bathrooms
- Chef’s kitchen with Thermador appliances, wine cooler, built-in espresso machine
- Smart home system with dual A/C and furnace units
- Tesla solar panels (9.6 kW)
- Drought-tolerant landscaping with fruit trees (plums, apricots, apples, lemons, pomegranates, figs, grapes)
- Low-maintenance backyard with pavers and drip irrigation
- Spacious family room and open-concept design
Location Benefits:
- Walkable to shopping, dining, and entertainment:
- The Village at San Antonio Center
- Whole Foods
- ShowPlace ICON movie theater
- Easy access to parks, Caltrain, Central Expressway, Hwy 101 & 280
- 10-minute drive to downtown Los Altos, Mountain View, and Palo Alto
- Perfect for work-life balance: Enjoy luxury living with a huge backyard while being close to major employers and amenities