Property Overview:
562 Irven Ct is a single-family residence in Palo Alto, CA 94306, built in 1938. It features 2 bedrooms, 1 bathroom, a 973 sq. ft. living area, and a lot size reported between 5,781–7,500 sq. ft. (varies by source). The home includes a detached one-car garage, fireplace, cooling system, and a shed for extra storage. The estimated home value is $1,935,000.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 3.9% (lower than state average of 11.8%)
- Property crime risk: 5.3% (lower than state average of 10.8%)
- Low overall crime risk; only 1 criminal/sex offender within 1 mile
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Schools:
- Nearby top-rated schools: Juana Briones Elementary, Ellen Fletcher Middle, Henry M. Gunn High, 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%), second largest: 35–44 years (14.54%)
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Natural Disaster Risk:
- Very high earthquake risk
- Moderate to low flood risk
- Very low tornado 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
Property Features:
- Two-story home with original charm and potential for customization or redevelopment
- 2 bedrooms, 1 bathroom
- Separate family room with cozy fireplace
- Formal dining area open to the kitchen
- Nicely sized yard—ideal for relaxation or gatherings
- Shed for extra storage
- Detached one-car garage with potential for loft/creative studio
- Prime location: Close to top-rated restaurants, major freeways, shopping centers, public transport, and esteemed schools
- Lot size discrepancies: Property profile lists 7,405 sq. ft., appraisal indicates 6,000 sq. ft., City of Palo Alto lists 5,781 sq. ft.
Location Benefits:
- Highly desirable Palo Alto neighborhood
- Low crime, excellent schools, and strong job market
- Commuter-friendly: Easy access to public transportation and major highways
- Limitless potential for customization, expansion, or redevelopment
- Rare opportunity to own a piece of Palo Alto’s charm