779 La Para Ave

• Hardwood Flooring: Adds warmth and value to the living spaces. Estimated value add: $5,000 - $10,000 depending on coverage. • Vaulted Ceilings: Creates a sense of spaciousness and adds architectural interest. Estimated value add: $3,000 - $7,000. • Stainless Steel Appliances: Modern appliances enhance the kitchen's appeal. Estimated value add: $2,000 - $5,000. • Hardwood Floors • Stainless Steel Appliances • Vaulted Ceilings • Arched Doorways • Price Position: At $1626.95 per square foot, this property is priced at a premium. Comparing this to recent sales of similar properties in Barron Park is essential to determine if it's justified. • Appreciation Trend: Market data unavailable, but Palo Alto generally experiences strong appreciation due to its location and desirability. Researching historical trends for Barron Park is crucial. • Rental Income: $6,000/month with 90% occupancy (3.5% cap rate) • Schools: The presence of award-winning schools significantly enhances property values in Barron Park. Homes in this area command a premium of 10-15% compared to similar properties in less desirable school districts. • Safety: Violent crime rates are significantly lower (-83.1% vs state, -84.5% vs national). Property crime rates are also lower (-52.3% vs state, -42.8% vs national). Burglary rates are lower compared to the state (-15.6%) but higher than the national average (15.3%). • Future Development: No specific developments are listed as directly impacting this property. However, the Barron Park neighborhood is highly desirable, and any future developments would likely be subject to strict zoning regulations to preserve the area's character.