Property Overview:
537 Thain Way is a top-floor, single-level condominium in the Barron Square community of Palo Alto, CA 94306, built in 1980. It features 2 bedrooms, 2 bathrooms, a 1,629 sq. ft. living area, and sits on a 4,225 sq. ft. lot. The property last sold for $1,461,000 in November 2019; the current estimated value is $1,778,000.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 3.9% (well below state average of 11.8%)
- Property crime risk: 5.3% (below state average of 10.8%)
- Low overall crime risk; only 1 criminal/sex offender within 1 mile
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Schools:
- Exceptional nearby schools: Juana Briones Elementary, Ellen Fletcher Middle, Henry M. Gunn High, and Greendell
- Average SAT score: 1221 (higher than state average of 975)
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Job Market:
- 77.4% white-collar jobs, 22.6% blue-collar jobs
- Unemployment rate: 2.2% (lower than state average of 4.7%)
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Demographics:
- Community population: 22,332 (18% growth since 2000)
- 56% families with children
- Largest age group: 45-54 years (16.92%), followed by 35-44 years (14.54%)
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Natural Disaster Risk:
- Very high earthquake risk
- Very low tornado risk
- Moderate to low flood risk
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Weather:
- Average temperature: 51.8°F (January), 89.0°F (July)
- Average rainfall: 16.5 inches/year
- Average snowfall: 0.1 inches/year
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Cost of Living:
- Median household income: $93,826
- Average annual spending: $66,240
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Home Values:
- Average sale price for similar homes: $2,397,413 – $2,466,633
Property Features:
- Dramatic cathedral ceilings and abundant natural light
- Open-concept living/dining room with fireplace and balcony overlooking the community pool
- Remodeled kitchen: Granite counters, cherry cabinetry, stainless steel appliances (Bosch, Whirlpool)
- Spacious family room with ceiling fan
- Primary suite:
- Dual closets, double vanity, tub/shower, electric fireplace, balcony access
- Second bedroom:
- Balcony access, adjacent full bath with step-in shower
- Large laundry/storage room (can double as mudroom)
- Parking: Detached 1-car garage plus 1 outdoor parking space
- Modern amenities:
- Community pool, tennis courts, sauna, clubhouse
- Comfort features:
- Air conditioning, Nest thermostat, double-pane windows
Location Benefits:
- Walking distance to Briones Park, Bol Park, and top-rated schools
- ~5 minutes to The Village at San Antonio Center (shopping, dining)
- Easy access to US-101, Interstate 280, and Caltrain
- Quiet, lush, and secluded community—ideal for family living and commuting