Property Overview:
321 W Meadow Dr is a single-family home in Palo Alto, CA 94306, built in 1962. It features 4 bedrooms, 2 bathrooms, and 1,653 sq. ft. of living space on a 7,195 sq. ft. lot. The home includes a parking garage, fireplace, heating, and cooling system. The estimated home value is $2,808,000.
Neighborhood Highlights:
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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%).
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Schools:
Nearby schools include Jane Lathrop Stanford Middle, Herbert Hoover Elementary, Greendell, and Henry M. Gunn High.- Average SAT score: 1221 (higher than state average of 975).
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Job Market:
- 77.4% white-collar jobs, 22.6% blue-collar jobs.
- Unemployment rate: 2.2% (lower than state average of 4.7%).
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Demographics:
- Community population: 22,332 (18% growth since 2000).
- 56% families with children.
- Largest age group: 45-54 years (16.92%); second largest: 35-44 years (14.54%).
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Natural Disaster Risk:
- Moderate flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 51.8°F (January), 89.0°F (July).
- Average rainfall: 16.5 inches/year.
- Average snowfall: 0.1 inches/year.
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Cost of Living:
- Median household income: $93,826.
- Average annual spending: $66,240.
Property Features:
- Opportunity for remodel: Aging, handicap owner unable to update—potential for profit.
- Beautiful hardwood floors under carpet.
- Excellent floor plan: Open and bright layout.
- Convenient location: Close to Gunn High School, parks, shopping, and dining.
- Comparable homes: 712 Holly Oak Dr, 3171 Cowper St, 3715 Lindero Dr.
Location Benefits:
- Close to amenities: Grocery Outlet, Euromart, Piazza’s Fine Foods, Starbucks, Baron Barista, Su Hong Eatery, Sushi Tomo, Fuki-Sushi.
- Near parks: Mayfield Park, Briones Park, Mitchell Park.
- Family-friendly community with strong schools and low crime.
- High potential for value-add and customization.