Property Overview:
520 Colgate Way is a single-family home in San Mateo, CA, built in 1948. It features 3 bedrooms, 3 bathrooms, and 2,090 sq. ft. of living space on a 6,000 sq. ft. lot. The home includes a formal entry, formal living and dining rooms, a crisp white kitchen with Carrera Marble counters, large bedrooms, great closets, restored hardwood floors, a covered front porch, spacious sunlit rooms, ample storage, a large grassy backyard, dual-paned windows, a newer roof, and a 2-car garage. This is the first time on the market in 55 years. The estimated home value is $1,893,000 (last sold for $2,275,000 in 2018).
Neighborhood Highlights:
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Population & Demographics:
- Community population: 23,121 (3% growth since 2000).
- 66% families with children.
- Largest age group: 45-54 years (15.88%); second largest: 35-44 years (15.56%).
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Crime Rate:
- Personal crime risk: 7.4% (lower than state average of 11.8%).
- Property crime risk: 11.4% (slightly higher than state average of 10.8%).
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Schools:
Nearby schools include Baywood Elementary, Borel Middle, and Aragon High.- Average SAT score: 1076 (higher than state average of 975).
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Job Market:
- 69.3% white-collar jobs, 30.7% blue-collar jobs.
- Unemployment rate: 2.6% (lower than state average of 4.7%).
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Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 50.8°F (January), 68.3°F (July).
- Average rainfall: 19.5 inches/year.
- Average snowfall: 0 inches/year.
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Cost of Living:
- Median household income: $102,281.
- Average annual spending: $69,902.
Property Features:
- Formal entry, formal living and dining rooms
- Crisp white kitchen with Carrera Marble counters
- Large bedrooms with great closets
- Beautiful restored hardwood floors
- Covered front porch and spacious sunlit rooms
- Gracious formal spaces and ample storage
- Large grassy backyard
- Dual-paned windows and newer roof
- 2-car garage
- First time on the market in 55 years
Location Benefits:
- Family-friendly community with a high percentage of families with children
- Excellent schools with above-average SAT scores
- Low personal crime risk and low unemployment rate
- Convenient access to amenities and commuter routes
- Pleasant year-round weather and low risk of most natural disasters (except earthquakes)