Property Overview:
367 Channing Ave is a single-family home in Palo Alto, CA, built by Summerhill Homes in 2004. The property features 3 bedrooms (including a detached studio apartment as the third bedroom), 3.5 bathrooms, and approximately 3,888 sq. ft. of living space. Additional amenities include a two-car garage, forced air heating, and cooling system. The home is in turnkey condition and directly adjacent to Heritage Park.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 4.4% (lower than state average of 11.8%).
- Property crime risk: 10.7% (slightly lower than state average of 10.8%).
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Schools:
Nearby schools include Addison Elementary, Palo Alto High, Frank S. Greene Jr. Middle, and Packard Children’s Hospital/Stanford.- Average SAT score: 1221 (626 Math, 595 English)—well above the state average of 975.
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Job Market:
- 80.8% white-collar jobs, 19.2% blue-collar jobs.
- Unemployment rate: 2.1% (lower than state 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:
- Turnkey condition with top-of-the-line finishes throughout.
- Spacious living, dining, and family rooms with an open-concept layout.
- Gourmet kitchen with granite countertops and high-end appliances.
- Upstairs:
- Master bedroom suite with luxury features.
- Second bedroom suite (currently used as an exercise room).
- Detached studio apartment above the garage with full bath and kitchen—ideal for guests or extended family.
- Two-car garage with drive-through portal to an additional parking pad.
- Direct access to Heritage Park and walking distance to downtown Palo Alto shops, restaurants, and Caltrain.
Location Benefits:
- Prime downtown location: Steps from University Avenue, Whole Foods, fine dining, and Stanford University.
- Family-friendly: Adjacent to Heritage Park with a children’s play area and open spaces.
- Commuter-friendly: Close to Caltrain, Stanford Shopping Center, Town & Country Village, and major tech hubs.
- One-of-a-kind property offering modern living in a vibrant, tree-lined neighborhood.