Seller's Agent in 2021
Steve Pierce
Zane MacGregor
(650) 324-9900
7 in this area
27 Total Sales
1001 Forest Ave Palo Alto, CA 94301
Crescent Park NeighborhoodEstimated Value: $7,492,000 - $11,130,013
8
Beds
5.5
Baths
7,200
Sq Ft
$1,331/Sq Ft
Est. Value
Highlights
- 0.36 Acre Lot
- 4 Fireplaces
- 2 Car Detached Garage
- Addison Elementary School Rated A+
- Formal Dining Room
- Forced Air Heating System
About This Home
As of June 2021This ageless Greek Revival is one of the few Palo Alto grand estates *Befitting its stature, the public rooms and many of the family spaces are of uncommon scale and height *The foyer alone is a most impressive entry and sets the tone for the entire home *You will find spaces to accommodate a myriad of family activities: relaxation, work, exercise, media, study, au pair, wine storage and play *The private outdoor setting harmonizes with the wrap-around front porch and is enhanced by, roses galore and majestic trees *House + basement = 9,265 sf *There is opportunity to develop the unfinished basement (not in flood zone) and purchase the adjacent property at 1007 Forest Court to expand the grounds to a total of 22,600 sf. (Current 3/2 home at 1007 could be an investment, part of a family compound or replaced with cottage, pool, flower gardens, vineyard, and other amenities.) *1001 Forest is a remarkable home in a special location blocks away from Downtown *A rare opportunity
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $125,638
Year Built
- 1894
Lot Details
- 0.36
Parking
- 2 Car Detached Garage
Home Design
- Masonry Perimeter Foundation
- Tar and Gravel Roof
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 7,200 Sq Ft Home
- 3-Story Property
- 4 Fireplaces
- Wood Burning Fireplace
- Formal Dining Room
Bedrooms and Bathrooms
- 8 Bedrooms
Additional Features
- 0.36 Acre Lot
- Forced Air Heating System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 24, 2021
Closed on
Jun 4, 2021
Sold by
Patton Rebecca L and Goodrich Raymond Thomas
Bought by
Olson Sean P and Hua Vi T
Seller's Agent
Steve Pierce
Zane MacGregor
Buyer's Agent
Michael Repka
Deleon Realty
List Price
$12,300,000
Sold Price
$10,000,000
Premium/Discount to List
-$2,300,000
-18.7%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$415,996
Avg. Annual Appreciation
-1.01%
Original Mortgage
$5,000,000
Outstanding Balance
$4,490,083
Interest Rate
2.25%
Mortgage Type
New Conventional
Estimated Equity
$5,093,921
Purchase Details
Closed on
Nov 8, 2017
Sold by
Valluru Sudhakar S and Valluru Barbara J
Bought by
Goodrich Raymond Thomas and Goodrich Rebecca L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,340,000
Interest Rate
2.15%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Jun 29, 2015
Sold by
Goodrich R Thomas and Patton Rebecca Lea
Bought by
Goodirch Patton Living Trust and Patton Rebecca L
Purchase Details
Closed on
Sep 4, 2001
Sold by
Payne Roger A
Bought by
Hadid Zuhair H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Interest Rate
7.05%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Oct 5, 2000
Sold by
Erlich David C and Erlich Marta G
Bought by
Goodrich R Thomas and Patton Rebecca Lea
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Olson Sean P | $10,000,000 | Chicago Title Company | |
| Goodrich Raymond Thomas | $3,900,000 | Chicago Title Company | |
| Goodirch Patton Living Trust | -- | None Available | |
| Hadid Zuhair H | $440,000 | Old Republic Title Company | |
| Goodrich R Thomas | -- | Old Republic Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Olson Sean P | $5,000,000 | |
| Previous Owner | Goodrich Raymond Thomas | $2,340,000 | |
| Previous Owner | Goodrich R Thomas | $1,500,000 | |
| Previous Owner | Goodrich R Thomas | $1,500,000 | |
| Previous Owner | Goodrich R Thomas | $1,500,000 | |
| Previous Owner | Goodrich R Thomas | $1,200,000 | |
| Previous Owner | Hadid Zuhair H | $1,800,000 | |
| Previous Owner | Hadid Zuhair H | $1,200,000 | |
| Previous Owner | Goodrich R Thomas | $2,500,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/14/2021 06/14/21 | Sold | $10,000,000 | -18.7% | $1,389 / Sq Ft |
| 05/13/2021 05/13/21 | Pending | -- | -- | -- |
| 02/24/2021 02/24/21 | For Sale | $12,300,000 | -- | $1,708 / Sq Ft |
Source: MLSListings
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $125,638 | $10,824,321 | $8,659,457 | $2,164,864 |
| 2024 | $125,638 | $10,612,080 | $8,489,664 | $2,122,416 |
| 2023 | $123,805 | $10,404,000 | $8,323,200 | $2,080,800 |
| 2022 | $122,405 | $10,200,000 | $8,160,000 | $2,040,000 |
| 2021 | $88,072 | $7,324,926 | $5,568,399 | $1,756,527 |
| 2020 | $86,216 | $7,249,818 | $5,511,302 | $1,738,516 |
| 2019 | $85,277 | $7,107,666 | $5,403,238 | $1,704,428 |
| 2018 | $82,889 | $6,968,301 | $5,297,293 | $1,671,008 |
| 2017 | $81,438 | $6,831,669 | $5,193,425 | $1,638,244 |
| 2016 | $79,317 | $6,697,716 | $5,091,594 | $1,606,122 |
| 2015 | $78,561 | $6,597,111 | $5,015,114 | $1,581,997 |
| 2014 | $76,278 | $6,391,000 | $4,858,400 | $1,532,600 |
Source: Public Records
Agents Affiliated with this Home
-
Steve Pierce
-
Michael Repka
Buyer's Agent in 2021
Michael Repka
Deleon Realty
(650) 488-7325
36 in this area
782 Total Sales
Map
Source: MLSListings
MLS Number: ML81831175
APN: 003-19-070
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