SOLD 04/10/2024
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Land sold for $1,600,000 in 72 days
700 Palomar Dr Redwood City, CA, 94062
Off the market 0.78 acres
Magnificent raw, buildable land approximately .78 acres in tranquil Palomar Park with breathtaking Bay views. Mostly level and clear building site awaits your vision. Elevations (pictured above) and preliminary plans available for stunning 2-level modern home spanning 4,335 square feet with 5 bedrooms and 5.5 bathrooms. Successful perc test approved by San Mateo County. Preliminary septic design available. Prime opportunity for developers, investors, or buyers wanting to build their dream home on 33,838 square feet with potential to build 2 homes via SB9. Quiet and serene location in well-established Silicon Valley neighborhood just minutes to both downtown Redwood City and San Carlos. Buyer to investigate with San Mateo County. Owner financing available.
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Property details
33,846 sqft interior area
View
Bay, City Lights, Hills
Land area
33,846 sqft (0.78 acres)
Price per sqft
$47/sqft
Address
700 Palomar Dr, Redwood City, CA, 94062
City of California
Redwood City
County
San Mateo
District
Listing
Zoning
R1
Open Houses
No upcoming open houses
Listed by
Bob Johnston, Coldwell Banker Realty
Name
Bob Johnston
License number
01228365
Brokerage company
Coldwell Banker Realty
MLS #
ML81952883
Buyer agent
Name
Bob Johnston
Brokerage company
Coldwell Banker Realty
Payment calculator
Calculate your monthly payments
Mortgage
$4,913
Taxes
$0
HOA dues
$0
Mortgage
$320,000 / 20%
2.28%
30 years
Your amount
$4,913 / month
Lot details
TMK #051022470
Lot Description
Mostly Level
Parcel #
051022470
94062 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 94062
46%
Families with children
National average: 39%
32%
Non family households
158,780
Population
$177,687
Average Income
Age & gender
Median age 40 years
More info
Commute types
81% commute by car
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Education level
29% have bachelor education
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Number of employees
5% work in management
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Vehicles available
44% have 2 vehicle
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Vehicles by gender
44% have 2 vehicle
More info
Housing market insights for
$2.13m
Neighborhood average
sales price*
sales price*
$2.05m
Neighborhood median
sales price*
sales price*
338
Number
of sales*
of sales*
Housing type
65% are single detacheds
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Rooms
31% of the houses have 4 or 5 rooms
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Bedrooms
57% have 2 or 3 bedrooms
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Owners vs Renters
63% are owners
More info
6.17 / 20
Below Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Sold Apr 10, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Apr 10, 2024 | Sold | $1,600,000 | 47.27 | Public Record |
| Apr 10, 2024 | Price Decrease | $1,600,000 -8.57% | 47.27 | MLS #ML81952883 |
| Mar 2, 2024 | Pending | $1,750,000 | 51.7 | MLS #ML81952883 |
| Jan 30, 2024 | New Listing | $1,750,000 | 51.7 | MLS #ML81952883 |
| Dec 20, 2023 | Withdrawn | $1,750,000 | 51.7 | MLS #ML81926064 |
| Sep 20, 2023 | New Listing | $1,750,000 | 51.7 | MLS #ML81926064 |
Agent viewpoints of 700 Palomar Dr, Redwood City, CA, 94062
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Frequently Asked Questions about 700 Palomar Dr
What is 700 Palomar Dr?
700 Palomar Dr is a lot of 0.78 acres (about is 33,846 sqft).
What is the full address of this Land?
700 Palomar Dr, Redwood City, CA, 94062.
Tell me about the point of interest nearby
The closest grocery stores are Trader Joe's, 1.61 miles away and Bianchini's, 1.71 miles away.
Based on information from the bridgeMLS as of 05-03-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Apr 24, 2024
Verhouse Last checked less than a minute ago
The closest grocery stores are Trader Joe's, 1.61 miles away and Bianchini's, 1.71 miles away.
The 94062 zip area has a population of 158,780, and 46% of the families have children. The median age is 40.75 years and 81% commute by car. The most popular housing type is "single detached" and 63% is owner.
