Property Overview:
763 Mediterranean Ln is a condominium in a private, gated community in Redwood City, CA (Redwood Shores). Built in 1989, it features 3 large bedrooms, 3 full bathrooms (two with Jet tubs), an office or 4th bedroom, and a study. The home offers 2,278 sq. ft. of living space, a parking garage, fireplace, and cooling system. The estimated home value is $2,231,000 (last sold for $1,530,000 in 2016).
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 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:
- Rarely available Plan C with dramatic, spacious open floor plan.
- Living room with gas-burning fireplace and hardwood floors.
- Family room and kitchen located on the water—ideal for entertaining.
- Three outdoor decks with wide water views and privacy.
- Freshly painted exterior and interior.
- Complex amenities: pool, spa, recreation room, exterior maintenance, and landscaping.
- Prime central peninsula location near San Francisco, Silicon Valley, SFO, and Redwood City Caltrain station.
Location Benefits:
- Gated, private community with resort-style amenities.
- Commuter-friendly: Close to major tech hubs and transportation.
- Ideal for families and those seeking waterfront living with privacy and convenience.