Property Overview:
527 Spruce St is a single-family Victorian home in Redwood City, CA 94063, built in 1902. It features 3 bedrooms, 1 bathroom, and 1,130 sq. ft. of living space on a 4,850 sq. ft. lot. The home includes a parking garage, central heating system, and a full basement (with potential for ADU). The estimated home value ranges from $953,699 to $1,299,000.
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:
- Victorian architecture with soaring ceilings and humongous attic.
- Full basement (almost the size of the house) with potential for ADU.
- Remodel opportunity: Home has been taken down to the studs and is ready for customization.
- Recent upgrades (in some listings):
- New dual-pane windows, modern kitchen, updated bathrooms, flooring, painting, light fixtures, multiple skylights, new HVAC system, new exterior stucco, and concrete driveway.
- Open living and dining combo with a huge kitchen.
- Indoor laundry room.
- Large sun-drenched lot with potential for expansion or landscaping.
Location Benefits:
- Commuter-friendly:
- Easy access to Hwy 101 & 82.
- 15 minutes to Facebook, Google, Oracle; 18 minutes to Tesla, HP; close to many tech campuses.
- 3 minutes to Redwood City Kaiser, 15 minutes to Stanford University and Stanford Shopping Center.
- Walking distance to downtown Redwood City (restaurants, shopping, entertainment).
- Nearby parks: Hoover Park, Jardin de Ninos Park, Linden Park.
- Nearby amenities: Costco, Foods Co, Mi Rancho Supermarket, Smart & Final, Starbucks, Lovejoy’s Tea Room, Burger King, La Estrellita Restaurant, Taqueria Y Carniceria Apatzingan 2.
Rental & Investment Potential:
- Estimated rent: $3,497 – $4,312/month (per Redfin).
- Ideal for home buyers, investors, and flippers due to remodel potential and prime location.