Property Overview:
584 Palmetto Dr is a condominium unit in San Jose, CA, built in 1969. It features 4 bedrooms, 2.5 bathrooms, and 1,461 sq. ft. of living space. The home includes a parking garage. The estimated home value is $585,500.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 7.5% (lower than state average of 11.8%).
- Property crime risk: 2.6% (lower than state average of 10.8%).
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Schools:
Nearby schools include Los Arboles Literacy and Technology Academy, KIPP Heritage Academy, and Andrew P. Hill High.- State average SAT score: 975.
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Job Market:
- 53.9% white-collar jobs, 46.1% blue-collar jobs.
- Unemployment rate: 4.5% (lower than state average of 4.7%).
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Demographics:
- Community population: 55,829 (13% growth since 2000).
- 76% families with children.
- Largest age group: 25-34 years (15.33%); second largest: 35-44 years (14.97%).
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Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 36.4°F (January), 71.9°F (July).
- Average rainfall: 15.7 inches/year.
- Average snowfall: 0 inches/year.
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Cost of Living:
- Median household income: $64,238.
- Average annual spending: $50,875.
Property Features:
- End-unit in a desirable South San Jose area.
- Limited number of units for sale in the complex.
- Multifamily zoning (R-M(CL)).
- 1,068 sq. ft. (as per multifamily listing).
- TFT (Transaction Fell Through) not fault of seller; approved for sale.
Location Benefits:
- Family-oriented community with a high percentage of households with children.
- Growing population and stable job market.
- Safe neighborhood with crime rates below state averages.
- Convenient access to schools and local amenities.