Property Overview:
449 Addison Ave is a single-family home in Palo Alto, CA 94301, built in 1945. It features 2-3 bedrooms, 2 bathrooms, and approximately 1,642 sq. ft. of living space on a 4,089 sq. ft. lot. The home includes a parking garage and has undergone extensive modern upgrades. The estimated home value is between $2,486,512 and $2,795,000.
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% (slightly lower than state average of 10.8%).
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Schools:
Nearby schools include Addison Elementary, Greene Middle, Palo Alto High, and Castilleja School.- 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:
- Meticulously updated with a blend of modern convenience and classic Palo Alto charm.
- Arbor-covered entrance leads to over 1,600 sq. ft. of elegant, naturally lit living space.
- Upgrades:
- New floors
- New fireplace in living room
- Completely redesigned kitchen with new counters and appliances
- Refreshed bedrooms and bathrooms
- New light fixtures and electrical outlets
- Redesigned landscaping
- New brick driveway with additional parking
- Parking garage and additional driveway parking.
Location Benefits:
- Prime downtown location: Moments from University Avenue with easy access to shopping, dining, parks, commuter options, and Stanford University.
- Top-rated schools (Addison Elementary, Greene Middle, Palo Alto High) all within ~1.5 miles.
- Nearby amenities: Whole Foods, Trader Joe’s, Peet’s Coffee, Blue Bottle Coffee, and local restaurants.
- Close to parks: Scott Park, Heritage Park, Bowling Green Park.
- Ideal for families and professionals seeking a vibrant, walkable community.