Property Overview:
526 Lancaster Way is a single-family home in Redwood City, CA, built in 1948. It features 3 bedrooms, 2 bathrooms, and 1,480 sq. ft. of living space. The home includes a parking garage and sits on an extra-large lot (approx. 0.18 acres). The estimated home value is $1,907,000.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 4.4% (lower than state average of 11.8%).
- Property crime risk: 7.5% (lower than state average of 10.8%).
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Schools:
Nearby schools include Roosevelt Elementary, McKinley Institute of Technology, and Sequoia High.- Average SAT score: 1003 (higher than state average of 975).
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Job Market:
- 72.1% white-collar jobs, 27.9% blue-collar jobs.
- Unemployment rate: 1.8% (lower than state average of 4.7%).
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Demographics:
- Community population: 24,170 (9% growth since 2000).
- 70% families with children.
- Largest age group: 45-54 years (18.86%); second largest: 35-44 years (13.96%).
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Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 51.5°F (January), 81.4°F (July).
- Average rainfall: 18.1 inches/year.
- Average snowfall: 0 inches/year.
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Cost of Living:
- Median household income: $154,136.
- Average annual spending: $87,712.
Property Features:
- Three large bedrooms and two bathrooms.
- Inside utility room and extra-large detached garage.
- Opportunity for remodel, expansion, or move-in ready.
- Extra-large lot may allow for ADU (Accessory Dwelling Unit) or additional parking.
- Located in a great family neighborhood, close to schools, shopping, and transportation.
Location Benefits:
- Desirable Redwood City location in one of the area’s best neighborhoods.
- Family-friendly community with strong schools and low crime.
- Commuter-friendly: Close to major transportation routes.
- Potential for future expansion or investment due to lot size and zoning.