Property Overview:
561 Lancaster Way is a single-family home in Redwood City, CA, built in 1947. It features 4 bedrooms, 2 bathrooms, and 1,240 sq. ft. of living space. The home includes a parking garage and a Tesla electric car charger. The estimated home value is $1,763,000 (last sold for $1,500,000 in 2019).
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 (above 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:
- Recently refreshed with new paint, flooring, landscaping, trim, and kitchen cabinets.
- Open-concept floor plan with abundant natural light.
- Gourmet kitchen: High-end appliances, custom cabinetry, and island with seating.
- Family room and separate office for flexible living.
- Spacious bedrooms for comfort and relaxation.
- Outdoor living: Expansive, lush backyard with mature apricot and fig trees—ideal for gatherings and enjoying the California sunshine.
- Additional upgrades: New sewer lateral, new roof, HVAC system.
- Plenty of storage throughout the home.
Location Benefits:
- Desirable Redwood City neighborhood with charming curb appeal and manicured landscaping.
- Minutes from top-rated schools, parks, shopping, and dining.
- Easy access to transportation and major highways.
- Perfect for family living, entertaining, and enjoying a luxurious lifestyle in a safe, convenient community.