Property Overview:
2891 Homestead Rd is a single-family home in Santa Clara, CA, built in 1920. It features 3 bedrooms, 1 bathroom, and 1,500 sq. ft. of living space. The home includes a 2-car detached garage and is currently rented at $3,800/month. The estimated home value is $2,231,000. The property is considered a tear-down with value in the land.
Neighborhood Highlights:
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Population:
- Community of 49,805 residents (11% growth since 2000)
- 64% families with children
- Largest age group: 25-34 years (18.79%)
- Second-largest: 35-44 years (16.34%)
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Crime Rate:
- Personal crime risk: 5.8% (lower than state average of 11.8%)
- Property crime risk: 9.7% (lower than state average of 10.8%)
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Schools:
- Nearby schools: Millikin Elementary, Santa Clara High, Juan Cabrillo Middle
- Average SAT score: 1008 (higher than state average of 975)
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Job Market:
- 68.1% white-collar jobs, 31.9% blue-collar jobs
- Unemployment rate: 2.8% (lower than state average of 4.7%)
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Natural Disaster Risk:
- Moderate flood risk
- Low tornado risk
- High earthquake risk
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Weather:
- Average temperature: 47.3°F (January), 82.2°F (July)
- Average rainfall: 17.3 inches/year
- Average snowfall: 0.1 inches/year
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Cost of Living:
- Median household income: $77,277
- Average annual spending: $58,022
Property Features & Development Opportunity:
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Lot Size:
- 17,011 sq. ft. (per land survey)
- 20,909 sq. ft. (per county record)
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Zoning:
- PD (Planned Development) zone—subdivision into multiple SFRs, townhouses, or condos allowed by City of Santa Clara
- Neighboring projects: 14-15 townhouses
- Potential to subdivide into 4 SFR lots (estimated value: $3.88M)
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Current Home:
- 3 bedrooms, 1 bathroom, 2-car detached garage
- Fixer/tear-down condition
- Currently rented at fair market rent ($3,800/month)
- Do not disturb occupants
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Location Benefits:
- Near major employment centers (bike to Apple HQ, Kaiser Medical Center)
- Convenient for developers and investors
- Bring your architect or developer to explore the full potential
Summary:
2891 Homestead Rd offers a prime development opportunity in a growing, family-friendly Santa Clara neighborhood with excellent schools, low crime, and strong job market. The large lot and PD zoning allow for multiple new homes or townhouses, making it ideal for builders and investors. Value is in the land—the existing home is a tear-down. Do not disturb tenants.