Property Overview:
388 Everett Ave is a condominium unit in Downtown Palo Alto, CA, built in 1971. It features 2 bedrooms, 2 bathrooms, and 1,098 sq. ft. of living space. The home includes a parking garage, forced air heating, A/C, and in-unit washer/dryer. The estimated home value is $1,784,000.
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% (about equal to 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 (well above 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:
- Updated 1-level condo with no shared walls; 2nd story unit.
- Light & bright with spacious living/dining room and eat-in kitchen.
- Engineered wood and tile floors throughout.
- Bedrooms: Walk-in closets with built-ins; primary suite with en-suite bath (tub & shower).
- Approx. 400 sq. ft. patio/deck—ideal for entertaining and al fresco dining.
- Kitchen: Quartz countertops, stainless steel appliances, gas range.
- Crown moldings, recessed lighting, and clever built-ins for elegance and functionality.
- Amenities:
- A/C
- Gated parking for 2 cars
- Community laundry facility
- Secure access
- Additional storage space
Location Benefits:
- Prime Downtown Palo Alto location: Steps to University Ave, restaurants, shopping, and Johnson Park.
- Commuter-friendly: Close to Caltrain, Stanford Shopping Center, and major employers.
- Vibrant urban lifestyle with access to top-rated schools, parks, and entertainment.
- Ideal for professionals, families, and those seeking the best of Palo Alto living.