Property Overview:
848 Clara Dr is a single-family home in Palo Alto, CA, built in 1953. It features 4 bedrooms, 2 bathrooms, and 1,672 sq. ft. of living space. The home includes a parking garage (converted to a bedroom/bath with separate entry), fireplace, and cooling system. The estimated home value is $2,924,000.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 19.1% (higher than state average of 11.8%).
- Property crime risk: 11.7% (higher than state average of 10.8%).
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Schools:
Nearby schools include Ohlone Elementary, Frank S. Greene Junior Middle, Greendell, and Palo Alto High.- Average SAT score: 1062 (546 Math, 516 English)—above state average of 975.
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Job Market:
- 59.9% white-collar jobs, 40.1% blue-collar jobs.
- Unemployment rate: 4.9% (slightly higher than state average of 4.7%).
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Demographics:
- Community population: 41,564 (4% growth since 2000).
- 69% families with children.
- Largest age group: 35-44 years (14.67%), followed by 25-34 years (14.04%).
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Natural Disaster Risk:
- High flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 51.2°F (January), 87.2°F (July).
- Average rainfall: 18.3 inches/year.
- Average snowfall: 0.1 inches/year.
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Cost of Living:
- Median household income: $82,787.
- Average annual spending: $59,990.
Property Features:
- Originally 3BR/1BA; expanded with a large family/great room.
- Garage converted to a 4th bedroom and bath with separate entry.
- Most windows, roof, and drain line replaced (dates unknown).
- Significant deferred maintenance—opportunity for renovation or rebuild.
- Lot size varies by source; buyer to confirm.
Location Benefits:
- Highly sought-after Midtown Palo Alto neighborhood on a tree-lined, transitioning street.
- Close to Stanford, Midtown Shopping Centers, parks, restaurants, library, and Caltrain.
- Centrally located to major tech companies and thoroughfares.
- Rare opportunity in a prime location for building your dream home.