Property Overview:
740 Promontory Point Ln, Apt 3102 is a luxury condominium in Foster City, CA. This spacious unit features 3 bedrooms, 2.5 bathrooms, and 2,421 sq. ft. of living space. The home includes a parking garage, central heating system, and a balcony with waterfront views. The estimated home value is $1,304,000 (sold for $300,000 in 2018).
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 3% (well below state average of 11.8%).
- Property crime risk: 2.6% (well below state average of 10.8%).
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Schools:
Nearby schools include Foster City Elementary, Design Technical High, and San Mateo County Special Education.- Average SAT score: 1076 (553 Math, 523 English)—above state average of 975.
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Job Market:
- 76.7% white-collar jobs, 23.3% blue-collar jobs.
- Unemployment rate: 2.5% (lower than state average of 4.7%).
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Demographics:
- Community population: 32,202 (13% growth since 2000).
- 62% families with children.
- Largest age group: 35-44 years (17.43%); second largest: 25-34 years (15.07%).
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Natural Disaster Risk:
- Moderate flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 51.2°F (January), 73.2°F (July).
- Average rainfall: 21.4 inches/year.
- Average snowfall: 0 inches/year.
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Cost of Living:
- Median household income: $108,169.
- Average annual spending: $73,732.
Property Features:
- Luxury 3br/2.5ba corner unit with balcony and waterfront views.
- First-floor location allows for hardwood and marble flooring throughout.
- Gourmet kitchen with Viking 6-burner gas range and stainless steel appliances.
- High ceilings, tall French doors, designer finishes, wainscoting molding.
- Marble surround fireplace, built-in cabinetry/storage.
- 2 assigned parking spaces and extra separate storage.
- Pet-friendly, elevator building.
- HOA dues include: water, garbage, earthquake insurance, landscaping, building exterior maintenance & management, gym, clubhouse, swimming pool & hot tub, and more.
Location Benefits:
- Easy commute access to major freeways.
- Close to shopping, restaurants, and conveniences.
- Foster City is recognized as one of the best cities to live, work, and play in the country.