Property Overview:
527 Chestnut St is a single-family home in Redwood City, CA, built in 1947. It offers 4 bedrooms, 3 bathrooms, and 1,910 sq. ft. of living space. The property includes a parking garage and is currently valued at approximately $1,480,000. The home features a completely remodeled main house with 2 unwarranted in-law units and a 2-bedroom/1-bath unit (sold “as is”). The lot is very private with a large front yard and is zoned R-4, offering great upside potential for owner-users or investors.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 7.2% (lower than state average of 11.8%)
- Property crime risk: 5.9% (lower than state average of 10.8%)
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Schools:
Nearby schools include Hoover Elementary, Summit Preparatory Charter High, and North Star Academy.- Average SAT score: 1069 (higher than state average of 975)
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Job Market:
- 61.9% blue-collar jobs, 38.1% white-collar jobs
- Unemployment rate: 4.9% (slightly higher than state average of 4.7%)
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Demographics:
- Community population: 34,614 (12% growth since 2000)
- 66% families with children
- Largest age group: 25-34 years (19.06%)
- Second largest: 35-44 years (15.77%)
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Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk
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Weather:
- Average temperature: 51.9°F (January), 84.3°F (July)
- Average rainfall: 19.9 inches/year
- Average snowfall: 0 inches/year
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Cost of Living:
- Median household income: $48,639
- Average annual spending: $42,138
Property Features:
- Completely remodeled home with modern upgrades
- 2 unwarranted in-law units plus a 2-bedroom/1-bath unit (sold “as is”)
- Very private setting with a large front yard
- R-4 zoning allows for multifamily or investment potential
- Parking garage included
Location Benefits:
- Near downtown Redwood City for shopping, dining, and entertainment
- Great for owner-users or investors seeking rental income or multi-generational living
- Commuter-friendly with access to major highways and public transportation