Property Overview:
1771 University Ave is a single-family home in Palo Alto, CA, built in 1952. The property currently offers 3 bedrooms, 2 bathrooms, and 1,720 sq. ft. of living space on an 8,926 sq. ft. lot. Features include a parking garage, fireplace, heating and cooling systems, and a remodel/expansion permit in final stages (potential for up to 4,954 sq. ft. living area + 224 sq. ft. garage; buyer to verify).
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 4.4% (lower than CA average of 11.8%)
- Property crime risk: 10.7% (slightly lower than CA average of 10.8%)
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Schools:
Nearby schools include Duveneck Elementary, East Palo Alto Academy, Cesar Chavez Ravenswood Middle, and Packard Children’s Hospital/Stanford.- Average SAT score: 1221 (626 Math, 595 English) — well above state average (975).
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Job Market:
- 80.8% white-collar jobs, 19.2% blue-collar jobs
- Unemployment rate: 2.1% (lower than CA average of 4.7%)
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Demographics:
- Community population: 15,402 (17% growth since 2000)
- 50% families with children
- Largest age group: 45-54 years (15.56%); second largest: 25-34 years (13.36%)
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Natural Disaster Risk:
- Moderate flood risk
- Low tornado risk
- High earthquake risk
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Weather:
- Average temperature: 51.7°F (January), 87.6°F (July)
- Average rainfall: 17.3 inches/year
- Average snowfall: 0.1 inches/year
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Cost of Living:
- Median household income: $132,129
- Average annual spending: $83,423
Property Features:
- Remodeled original Palo Alto home with open floor plan and natural light throughout
- 3 bedrooms, 2 full bathrooms, separate dining room, living room with wood-burning fireplace, family room
- Glassed-in formal dining room framed by a majestic redwood tree
- Bedrooms located at the back for privacy and tranquility
- Detached garage with unique driveway access on Crescent Drive
- Fully fenced lot with defined areas for entertaining, seclusion, and gardening
- Expansion potential: Up to 3,000+ sq. ft. per city code (buyer to verify)
- Remodel permit in place; interior demolished and ready for custom build
- Back alley access at 88 Crescent Dr
- Minutes from: Silicon Valley commute routes, downtown Palo Alto, Stanford University, and top-rated schools
Location Benefits:
- Prestigious Crescent Dr. neighborhood surrounded by mega mansions
- Convenient access to freeways, downtown Palo Alto, Stanford University, and major tech companies
- Top Palo Alto schools
- Strong investment potential: Neighboring lot sold for $4.15M (land value)
- Ideal for buyers/builders seeking to remodel, expand, or rebuild in a coveted neighborhood