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This page contains information about each property aggregated from public data sources, 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.

3703 Redwood Cir Palo Alto, CA 94306

4 Beds 2 Baths 1,627 sqft Built 1952
Last updated:  Dec 26, 2019

INVESTimate

$2,503,144

$2.13M - $2.88M

Price Est.

$5,733

$5.1K - $6.3K

Rent Est.

$2,761,218  ( +10.31%)   1 YR EST. FORECAST

3703 Redwood Cir PROPERTY INFO

FACTS
  • Built In 1952
  • Price/Sqft : $1,538.50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,627 sqft
  • Baths : 2 Full
PROPERTY DESCRIPTION
3703 Redwood Cir, Palo Alto, CA 94306 is a single family home of 1,627 sqft. HomeUnion estimate for 3703 Redwood Cir includes a Price Estimate of $2,503,144 and a Rent Estimate of $5,733. This single family home has 4 bedrooms, 2 bathrooms, and was built in 1952. This property has an estimated 15 year annualized Yield of 2.75% and Total Return of 21.04%. The estimated 1 year forecast in home value for 3703 Redwood Cir is 10.31%.
  
  
  

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3703 Redwood Cir SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
FAIRMEADOW ELEMENTARY SCHOOL Primary Regular 504 24 10
JANE LATHROP STANFORD MIDDLE SCHOOL Middle Regular 1,003 63 10
HENRY M. GUNN HIGH SCHOOL High Regular 1,854 103 10

FAIRMEADOW ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 504
  • # of teachers: 24
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

Fairmeadow

  • 895

    POPULATION
  • 394

    HOUSEHOLDS
  • 85.7%

    WHITE COLLAR

Neighborhood : Fairmeadow

HOUSEHOLDS
394
POPULATION

895

44.4%Renters
55.6%Home Owners
LABOR FORCE

 

85.7%White Collar
14.3%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 $5,733 per month.

MY RENT : $5,733 MEDIAN RENT : $5,532

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 $5,733 would therefore be considered affordable for annual household incomes greater than $229,320 (12 months x 3.333 x $5,733).

Rent % Affordability
Above $500 90.1%
Above $700 76.7%
Above $1,100 69.9%
Above $1,500 62.0%
Above $1,900 56.9%
HOUSEHOLD INCOME RANGE

Approximately 16 of households in this neighborhood have a total annual income of $229,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $5,733 per month.

MINIMUM INCOME RANGE : $229,320

Income % Distribution
<$20K 9.9%
$20K-$35K 19.2%
$35K-$60K 8.9%
$60K-$100K 12.9%
>=$100K 49.1%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 30% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 9.2%
10-14 mins 20.7%
15-19 mins 23.3%
20-29 mins 19.9%
30-44 mins 15.4%
45-59 mins 4.2%
>60 mins 7.3%
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 $5,733 per month.

MY RENT : $5,733 MEDIAN RENT : $5,532

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 $5,733 would therefore be considered affordable for annual household incomes greater than $229,320 (12 months x 3.333 x $5,733).

Rent % Affordability
Above $500 90.1%
Above $700 76.7%
Above $1,100 69.9%
Above $1,500 62.0%
Above $1,900 56.9%
HOUSEHOLD INCOME RANGE

Approximately 16 of households in this neighborhood have a total annual income of $229,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $5,733 per month.

MINIMUM INCOME RANGE : $229,320

Income % Distribution
<$20K 9.9%
$20K-$35K 19.2%
$35K-$60K 8.9%
$60K-$100K 12.9%
>=$100K 49.1%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 30% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 9.2%
10-14 mins 20.7%
15-19 mins 23.3%
20-29 mins 19.9%
30-44 mins 15.4%
45-59 mins 4.2%
>60 mins 7.3%

Fairmeadow Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 6.8%
Educational Services 11.4%
Health Care & Social Assistance 13.6%
Information 9.3%
Manufacturing 14.5%
Professional & Scientific Tech Services 26.9%
Other 17.5%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 32% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 17.4%
15-19 9.7%
20-24 4.8%
25-44 24.4%
45-65 25.3%
66+ 18.4%
OCCUPATION

Occupation % Distribution
Computer Engineering 34.6%
Construction 7.1%
Management, Business, & Financial 19.4%
PCare 6.8%
Production & Transportation 7.4%
Sales & Office 13.9%
Other 10.7%
HIGHEST EDUCATION LEVEL

48% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Doctorate 18.8%
High School 6.6%
Masters Degree 20.5%
Professional 5.9%
Some College 9.5%
Other 38.7%

3703 Redwood Cir Comps

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