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This page contains aggregated information about each property, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more about INVESTimate

3608 Evergreen Dr Palo Alto, CA 94303

3 Beds 2 Baths 1,389 sqft Built 1956
Last updated:  Jun 30, 2018

INVESTimate

$2,127,775

$2.04M - $2.22M

Price Est.

$5,300

$4.7K - $5.9K

Rent Est.

$2,329,701  ( +9.49%)   1 YR EST. FORECAST
  
  
  

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3608 Evergreen Dr PROPERTY INFO

FACTS
  • Built In 1956
  • Price/Sqft : $1,531.88
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,389 sqft
  • Baths : 2 Full

3608 Evergreen Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
PALO VERDE ELEMENTARY SCHOOL Primary Regular 417 20 10
JANE LATHROP STANFORD MIDDLE SCHOOL Middle Regular 1,003 63 10
HENRY M. GUNN HIGH SCHOOL High Regular 1,854 103 10

PALO VERDE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 417
  • # of teachers: 20
10
GreatSchools Rating

JANE LATHROP STANFORD MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,003
  • # of teachers: 63
10
GreatSchools Rating

HENRY M. GUNN HIGH SCHOOL

  • Education Level: High
  • # of students: 1,854
  • # of teachers: 103
10
GreatSchools Rating
 

Financial Details

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Neighborhood

Palo Verde

  • 2,336

    POPULATION
  • 889

    HOUSEHOLDS
  • 97.8%

    WHITE COLLAR

Neighborhood : Palo Verde

HOUSEHOLDS
889
POPULATION

2,336

9.9%Renters
90.1%Home Owners
LABOR FORCE

 

97.8%White Collar
2.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $5,300 per month.

MY RENT : $5,300 MEDIAN RENT : $6,420

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $5,300 would therefore be considered affordable for annual household incomes greater than $212,000 (12 months x 3.333 x $5,300).

Rent % Affordability
Above $500 100.0%
Above $700 97.5%
Above $1,100 90.7%
Above $1,500 86.5%
Above $1,900 81.5%
HOUSEHOLD INCOME RANGE

Approximately 87 of households in this neighborhood have a total annual income of $212,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $5,300 per month.

MINIMUM INCOME RANGE : $212,000

Income % Distribution
<$20K 0.0%
$20K-$35K 5.1%
$35K-$60K 8.4%
$60K-$100K 21.7%
>=$100K 64.8%
COMMUTE TIME DISTRIBUTION

57% of the working population has a commute time of 15 to 44 minutes, 35% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 11.6%
10-14 mins 23.7%
15-19 mins 14.0%
20-29 mins 23.9%
30-44 mins 19.0%
45-59 mins 4.3%
>60 mins 3.6%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $5,300 per month.

MY RENT : $5,300 MEDIAN RENT : $6,420

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $5,300 would therefore be considered affordable for annual household incomes greater than $212,000 (12 months x 3.333 x $5,300).

Rent % Affordability
Above $500 100.0%
Above $700 97.5%
Above $1,100 90.7%
Above $1,500 86.5%
Above $1,900 81.5%
HOUSEHOLD INCOME RANGE

Approximately 87 of households in this neighborhood have a total annual income of $212,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $5,300 per month.

MINIMUM INCOME RANGE : $212,000

Income % Distribution
<$20K 0.0%
$20K-$35K 5.1%
$35K-$60K 8.4%
$60K-$100K 21.7%
>=$100K 64.8%
COMMUTE TIME DISTRIBUTION

57% of the working population has a commute time of 15 to 44 minutes, 35% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 11.6%
10-14 mins 23.7%
15-19 mins 14.0%
20-29 mins 23.9%
30-44 mins 19.0%
45-59 mins 4.3%
>60 mins 3.6%

Palo Verde Demographics

INDUSTRY

Industry % Distribution
Educational Services 8.3%
Financial Industries 7.2%
Health Care & Social Assistance 12.8%
Information 9.4%
Manufacturing 17.9%
Professional & Scientific Tech Services 23.8%
Other 20.7%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 28% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 18.5%
15-19 5.6%
20-24 3.7%
25-44 19.1%
45-65 31.0%
66+ 22.1%
OCCUPATION

Occupation % Distribution
Adesm 7.4%
Computer Engineering 26.5%
Construction 7.9%
Healthcare 4.4%
Management, Business, & Financial 40.3%
Sales & Office 9.8%
Other 3.6%
HIGHEST EDUCATION LEVEL

58% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 3.2%
Doctorate 15.0%
Masters Degree 30.8%
Professional 8.7%
Some College 3.6%
Other 38.7%

3608 Evergreen Dr Comps

Sorry, we do not have sufficient data available.

3608 Evergreen Dr, Palo Alto, CA 94303 is a single family home of 1,389 sqft. HomeUnion INVESTimate® for 3608 Evergreen Dr includes a Price Estimate of $2,127,775 and a Rent Estimate of $5,300. This single family home has 3 bedrooms,2 bathrooms, and was built in 1956. This property has an estimated 15 year annualized Yield of 2.99% and Total Return of 18.44%. The estimated 1 year forecast in home value for 3608 Evergreen Dr is 9.49%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in CA, SANTA CLARA County, or the 94303 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2