Property Overview:
437 Ferne Ave is a single-family Eichler home in Palo Alto, CA, built in 1956. It features 4 bedrooms, 2 bathrooms, and 1,611 sq. ft. of living space on a spacious 13,000+ sq. ft. lot (nearly a third of an acre). The home includes a parking garage, fireplace, heating and cooling systems, and a sparkling pool. The estimated home value is $3,140,000 (last sold for $2,610,000 in 2015).
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:
Top-rated nearby schools include Greendell, Herbert Hoover Elementary, Jane Lathrop Stanford Middle, 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:
- Classic, updated Eichler with original architectural flair and abundant natural light.
- Indoor/outdoor living seamlessly integrated via walls of glass and sliding doors.
- Expansive patios on sides and rear for private, quiet respites.
- Hardwood floors with radiant heat and open floorplan.
- Spacious kitchen and fireplace for comfort.
- Four bedrooms each with outdoor access.
- Sparkling pool in a peaceful backyard with room for a potential guest home addition.
Location Benefits:
- Outstanding Greenmeadow neighborhood.
- Less than a mile to The Village at San Antonio Center (shops, restaurants, movie theater).
- Minutes to Caltrain and US 101 for easy Bay Area commuting.
- Access to top-ranked schools: Fairmeadow Elementary, JLS Middle, and Gunn High (buyer to verify eligibility).
- Close to parks and library; perfect for family living and entertaining.