Property Overview:
532 Channing Ave, Apt 301 is a luxurious, single-level penthouse condominium in Downtown Palo Alto, CA, built in 1981. It offers 3 bedrooms, 2.5 bathrooms, and approximately 2,088 sq. ft. of living space. The estimated home value is $3,451,000.
Neighborhood Highlights:
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Population & 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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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%)
- Relatively safe neighborhood
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Schools:
- Nearby: Addison Elementary, Palo Alto High, Frank S. Greene Jr. Middle, Packard Children’s Hospital/Stanford
- 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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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:
- Contemporary, open floor plan with natural light-filled rooms and 5-6 skylights
- Spacious living room with fireplace and adjacent library/office/guest room
- Formal dining area with views of redwoods and sky through floor-to-ceiling glass
- Master suite: Fireplace, balcony, walk-in closet, generous ceiling height, and abundant natural light
- Expansive, renovated kitchen:
- Carrera marble center island & countertops
- Black limestone accents
- High-end appliances
- Eat-in kitchen nook
- Pantry
- Opens to solarium/family room/atrium
- Flexible spaces: Office can be closed for a third bedroom; bedrooms in separate wings for privacy
- Large laundry room with extra storage; washer/dryer included
- Two modern fireplaces (including high-end Valor gas inserts)
- Two private decks/balconies for entertaining and tree-top views
- Grand foyer with Carrera marble floors and gallery space for art
- Secure underground garage:
- 2 side-by-side dedicated parking spaces
- EV charger
- Large storage room
- Elevator access for convenience
- Ample closets, updated bathrooms, new flooring & fixtures
Location Benefits:
- Exclusive, prestigious building in Downtown Palo Alto
- Walkable: Just 3-4 blocks to University Avenue shops, restaurants, and amenities
- Perfect for:
- Work-from-home professionals
- Empty nesters
- Families
- Anyone seeking spacious, low-maintenance luxury living in a vibrant community