Property Overview:
740 Mediterranean Ln is a condominium in Redwood City, CA 94065, built in 1989. It features 2 bedrooms, 2 bathrooms, and 1,412 sq. ft. of living space. The home includes a 2-car garage, fireplace, cooling system, and has been recently remodeled. The estimated home value is $1,145,000 – $1,216,397.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 5.8% (lower than state average of 11.8%).
- Property crime risk: 12.2% (higher than state average of 10.8%).
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Schools:
Nearby schools include Sandpiper Elementary, Redwood Shores Elementary, Design Technical High, San Mateo County Special Education, and Bowditch Middle.- State average SAT score: 975.
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Job Market:
- 77.4% white-collar jobs, 22.6% blue-collar jobs.
- Unemployment rate: 1.7% (lower than state average of 4.7%).
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Demographics:
- Community population: 9,604 (24% growth since 2000).
- 59% families with children.
- Largest age group: 35-44 years (20.92%); second largest: 45-54 years (17.17%).
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Natural Disaster Risk:
- Moderate flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 51.3°F (January), 76.7°F (July).
- Average rainfall: 21.4 inches/year.
- Average snowfall: 0 inches/year.
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Cost of Living:
- Median household income: $119,974.
- Average annual spending: $79,661.
Property Features:
- Recently remodeled with modern finishes and ample natural light from skylights and windows.
- Spacious living and dining areas ideal for entertaining.
- Kitchen: New countertops and ample storage.
- Master suite: Generous closet space, vanity area, and luxurious bathroom.
- Second bedroom/office with remodeled hall bath.
- Laundry area and 2-car garage.
- HOA amenities: Pool, clubhouse, and serene pond views.
- 2nd HOA (RSOA): $80 annually.
Location Benefits:
- Convenient access to Nob Hill Foods, 99 Ranch Market, India Cash & Carry.
- Nearby coffee shops: Starbucks, EA Commons Café, Seventy-Seven.
- Nearby restaurants: Specialty’s Cafe & Bakery, Mistral, Sea Link Cafe.
- Close to Shannon Park, Oracle Headquarters, and Sandpiper Park.
- Rental estimate: $3,789 – $4,470/month.
- Tranquil setting in the desirable Lakeshore neighborhood of Redwood Shores.