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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.

400 Miramonte Ave Palo Alto, CA 94306

5 Beds 5 Baths 2,830 sqft Built 1937
Last updated:  Dec 26, 2019

INVESTimate

$5,691,218

$4.84M - $6.54M

Price Est.

$10,466

$9.4K - $11.6K

Rent Est.

$6,346,277  ( +11.51%)   1 YR EST. FORECAST

400 Miramonte Ave PROPERTY INFO

FACTS
  • Built In 1937
  • Price/Sqft : $2,011.03
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,830 sqft
  • Baths : 4 Full 1 Half
PROPERTY DESCRIPTION
400 Miramonte Ave, Palo Alto, CA 94306 is a single family home of 2,830 sqft. HomeUnion estimate for 400 Miramonte Ave includes a Price Estimate of $5,691,218 and a Rent Estimate of $10,466. This single family home has 5 bedrooms, 5 bathrooms, and was built in 1937. This property has an estimated 15 year annualized Yield of 2.21% and Total Return of 22.91%. The estimated 1 year forecast in home value for 400 Miramonte Ave is 11.51%.
  
  
  

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400 Miramonte Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
WALTER HAYS ELEMENTARY SCHOOL Primary Regular 536 28 10
DAVID STARR JORDAN MIDDLE SCHOOL Middle Regular 1,012 62 10
PALO ALTO HIGH SCHOOL High Regular 1,887 104 10

WALTER HAYS ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 536
  • # of teachers: 28
10
GreatSchools Rating

DAVID STARR JORDAN MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,012
  • # of teachers: 62
10
GreatSchools Rating

PALO ALTO HIGH SCHOOL

  • Education Level: High
  • # of students: 1,887
  • # of teachers: 104
10
GreatSchools Rating
 

Financial Details

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Neighborhood

Southgate

  • 766

    POPULATION
  • 257

    HOUSEHOLDS
  • 93.5%

    WHITE COLLAR

Neighborhood : Southgate

HOUSEHOLDS
257
POPULATION

766

40.1%Renters
59.9%Home Owners
LABOR FORCE

 

93.5%White Collar
6.5%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 $10,466 per month.

MY RENT : $10,466 MEDIAN RENT : $7,176

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 $10,466 would therefore be considered affordable for annual household incomes greater than $418,640 (12 months x 3.333 x $10,466).

Rent % Affordability
Above $500 93.8%
Above $700 93.8%
Above $1,100 93.8%
Above $1,500 89.9%
Above $1,900 89.5%
HOUSEHOLD INCOME RANGE

Approximately -137 of households in this neighborhood have a total annual income of $418,640 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $10,466 per month.

MINIMUM INCOME RANGE : $418,640

Income % Distribution
<$20K 6.2%
$20K-$35K 0.0%
$35K-$60K 3.9%
$60K-$100K 11.2%
>=$100K 78.7%
COMMUTE TIME DISTRIBUTION

51% of the working population has a commute time of 15 to 44 minutes, 43% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 28.4%
10-14 mins 14.1%
15-19 mins 8.7%
20-29 mins 12.3%
30-44 mins 29.6%
45-59 mins 0.0%
>60 mins 6.9%
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 $10,466 per month.

MY RENT : $10,466 MEDIAN RENT : $7,176

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 $10,466 would therefore be considered affordable for annual household incomes greater than $418,640 (12 months x 3.333 x $10,466).

Rent % Affordability
Above $500 93.8%
Above $700 93.8%
Above $1,100 93.8%
Above $1,500 89.9%
Above $1,900 89.5%
HOUSEHOLD INCOME RANGE

Approximately -137 of households in this neighborhood have a total annual income of $418,640 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $10,466 per month.

MINIMUM INCOME RANGE : $418,640

Income % Distribution
<$20K 6.2%
$20K-$35K 0.0%
$35K-$60K 3.9%
$60K-$100K 11.2%
>=$100K 78.7%
COMMUTE TIME DISTRIBUTION

51% of the working population has a commute time of 15 to 44 minutes, 43% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 28.4%
10-14 mins 14.1%
15-19 mins 8.7%
20-29 mins 12.3%
30-44 mins 29.6%
45-59 mins 0.0%
>60 mins 6.9%

Southgate Demographics

INDUSTRY

Industry % Distribution
Educational Services 9.3%
Financial Industries 9.6%
Information 12.8%
Manufacturing 6.1%
Professional & Scientific Tech Services 28.3%
Retail & Wholesale Trader 12.0%
Other 21.9%
AGE DISTRIBUTION

58% of the population is between the ages of 25 and 64, 35% is 24 or younger and 7% is 65 or older.

Age % Distribution
<15 22.7%
15-19 11.2%
20-24 1.0%
25-44 22.6%
45-65 35.5%
66+ 6.9%
OCCUPATION

Occupation % Distribution
Clean 3.1%
Computer Engineering 12.5%
Healthcare 7.3%
Legal 7.0%
Management, Business, & Financial 64.8%
Sales & Office 5.2%
Other 0.0%
HIGHEST EDUCATION LEVEL

55% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.8%
Doctorate 10.6%
Masters Degree 28.6%
Professional 6.1%
Some College 9.6%
Other 35.2%

400 Miramonte Ave Comps

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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 94306 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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