Property Overview:
306 Iris Way is a single-family home in Palo Alto, CA 94303, built in 1948. It features 3 bedrooms, 2 bathrooms, and 1,714 sq. ft. of living space on a 6,258 sq. ft. lot. The home includes a parking garage, fireplace, heating, and cooling system. The estimated home value is $2,185,000 – $2,755,233.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 19.1% (higher than state average of 11.8%).
- Property crime risk: 11.7% (higher than state average of 10.8%).
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Schools:
Nearby schools include Duveneck Elementary, Frank S. Greene Junior Middle, and East Palo Alto Academy.- Average SAT score: 1062 (above state average of 975).
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Job Market:
- 59.9% white-collar jobs, 40.1% blue-collar jobs.
- Unemployment rate: 4.9% (slightly above state average of 4.7%).
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Demographics:
- Community population: 41,564 (4% growth since 2000).
- 69% families with children.
- Largest age group: 25-34 years (14.04%); second largest: 35-44 years (14.67%).
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Natural Disaster Risk:
- High flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 51.2°F (January), 87.2°F (July).
- Average rainfall: 18.3 inches/year.
- Average snowfall: 0.1 inches/year.
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Cost of Living:
- Median household income: $82,787.
- Average annual spending: $59,990.
Property Features:
- Lovingly maintained and exquisitely renovated.
- Classic elegance blended with refined modernity.
- Elegant oak floors, vaulted ceilings, charming alcoves, and built-in cabinetry.
- Expansive living room with a timeless brick fireplace.
- Magnificent kitchen flows into a versatile family room/dining area.
- French doors open to a private, landscaped backyard for seamless indoor-outdoor living.
- Secluded bedroom with adjacent sitting area/office and exclusive yard access.
- Two grand-scale bedrooms and a remodeled bathroom upstairs.
- R-1 zoning, 1,959 sq. ft. (per some records).
- Available for the first time in over 50 years.
Location Benefits:
- Coveted Duveneck/St. Francis neighborhood.
- Walking distance to Duveneck Elementary, Greene Middle School, Rinconada Park, Eleanor Pardee Park, library, restaurants, and shopping.
- Nearby grocery stores: The Fresh Market, Garden Super Market, Cardenas Markets.
- Nearby coffee shops: Starbucks, Teaspoon, Poolside Cafe.
- Nearby restaurants: Chef Zhao Kitchen, Three Brothers Tacos, Bee Cafe.
- Rental estimate: $5,426 – $6,751/month.
- High community desirability and family-friendly environment.