NOT LISTED FOR SALE

1299 Forest Ave Palo Alto, CA 94301

Crescent Park Neighborhood

Estimated Value: $5,047,000 - $5,383,000

4 Beds
2.5 Baths
2,305 Sq Ft
$2,264/Sq Ft Est. Value

Last Sold November 04, 2016

Last sale price $3,500,000 $1,518 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $32,307/month

7 Days on Market

Highlights

  • City Lights View
  • Vaulted Ceiling
  • Marble Bathroom Countertops
  • Duveneck Elementary School Rated A+
  • Wood Flooring
  • Spanish Architecture

About This Home

As of November 2016

Situated in a prime location in the Crescent Park neighborhood, this warm and inviting Spanish Colonial home retains all the character of yesteryear, while appealing to the needs of todays home buyer. Traditional elements of the original home remain intact, and are evident in all aspects of the architecture. The centerpiece of the home is its formal living room, anchored by roughhewn beams, exposed wood ceiling, intricate ironwork, and central wood burning fireplace. There is bright eat-in kitchen, and formal dining room that one could combine into a kitchen/great room. Adjacent to the kitchen is another bedroom, currently used as an office, and well as powder and laundry rooms. Upstairs are two additional bedrooms that share a central bath. The spacious front bedroom features its own balcony, and was used as a study by the current owners. Farther along lies the master suite with newly updated bath, and an additional bedroom - perfect as a nursery or young childs bedroom.

Last Agent to Sell the Property

Derk T. Brill

Compass License #01256035 Listed on: 09/28/2016

Compass

Last Buyer's Agent

Umang Sanchorawala

Compass License #01471341

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $46,533

Year Built

  • Built in 1936

Lot Details

  • 6,447 Sq Ft Lot
  • Wood Fence
  • Sprinklers on Timer
  • Back Yard Fenced
  • Zoning described as R1

Parking

  • 1 Car Garage
  • Guest Parking

Home Design

  • Spanish Architecture
  • Tile Roof
  • Tar and Gravel Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,305 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • Vaulted Ceiling
  • Wood Burning Fireplace
  • Formal Dining Room
  • Den
  • City Lights Views
  • Alarm System

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher
  • Stone Countertops

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Marble Bathroom Countertops
  • Stone Countertops In Bathroom
  • Bathtub with Shower
  • Bathtub Includes Tile Surround
  • Walk-in Shower

Additional Features

  • Balcony
  • Radiant Heating System

Listing and Financial Details

  • Assessor Parcel Number 003-20-048

Home Details

Home Type

Single Family

Est. Annual Taxes

$46,533

Year Built

Built in 1936

Lot Details

0

Parking

1

Listing Details

  • Subclass: Single Family Home
  • Style: Spanish
  • Age: 80
  • Listing Class: Residential
  • Structure Sq Ft: 2305
  • Incorporated: Yes
  • Year Built: 1936
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Fireplace: Wood Burning
  • Dining Room: Breakfast Nook, Eat in Kitchen, Formal Dining Room
  • Kitchen: Countertop - Stone, Dishwasher, Oven Range
  • Living Sq Ft: 2305
  • Stories: 2
  • Security: Security Alarm
  • Laundry: Hookup - Washer/Dryer
  • Flooring: Carpet, Hardwood, Vinyl / Linoleum
  • Additional Rooms: Den / Study / Office, Office Area
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 4
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Bathroom: Marble, Shower and Tub, Stall Shower, Stone, Tile
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter, Concrete Perimeter and Slab
  • Roof: Tar and Gravel, Tile
  • View: City Lights
  • Yard/Grounds: Back Yard, Balcony / Patio, Fenced, Sprinklers - Auto, Sprinklers - Lawn
  • Fencing: Fenced Back, Wood

Garage/Parking

  • Garage Spaces: 1
  • Garage Max: 1
  • Garage Min: 1
  • Garage Parking Features: Attached Garage, Guest / Visitor Parking, Parking Area, Parking Restrictions

Utilities

  • Heating System: Radiant
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Open Beam Ceiling, Vaulted Ceiling, Walk-in Closet

Schools

  • School District: Palo Alto Unified
  • Elementary School: Duveneck Elementary
  • Middle School: David Starr Jordan Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 311
  • Middle School: 329

Lot Info

  • Parcel Number: 003-20-048
  • Lot Acres: 0.1480
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6446.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6446.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Palo Alto Unified
  • Elementary School Text: Duveneck Elementary
  • High School Text: Palo Alto High
  • Middle School Text: David Starr Jordan Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2016
Closed on
Nov 1, 2016
Sold by
Walworth Janet R and Hohnsbeen Ii George H
Bought by
Sanchorawala Umang and Shah Koshambi
Seller's Agent
Derk T. Brill
Compass
Buyer's Agent
Umang Sanchorawala
Compass
List Price
$3,098,000
Sold Price
$3,500,000
Premium/Discount to List
$402,000
12.98%
Total Days on Market
7
Current Estimated Value
$5,217,502

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,717,502
Avg. Annual Appreciation
4.45%
Original Mortgage
$2,047,500
Interest Rate
2.45%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Sanchorawala Umang -- Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sanchorawala Umang $1,830,000
Closed Sanchorawala Umang $2,047,500
Previous Owner Walworth Janet R $200,000
Previous Owner Walworth Janet R $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2016 11/04/16 Sold $3,500,000 +13.0% $1,518 / Sq Ft
10/06/2016 10/06/16 Pending -- -- --
09/28/2016 09/28/16 For Sale $3,098,000 -- $1,344 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

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 $46,533 $3,960,496 $3,481,756 $478,740
2024 $46,533 $3,882,840 $3,413,487 $469,353
2023 $45,850 $3,806,706 $3,346,556 $460,150
2022 $45,324 $3,732,066 $3,280,938 $451,128
2021 $44,431 $3,658,889 $3,216,606 $442,283
2020 $43,503 $3,621,372 $3,183,624 $437,748
2019 $43,025 $3,550,365 $3,121,200 $429,165
2018 $41,831 $3,480,750 $3,060,000 $420,750
2017 $41,097 $3,412,500 $3,000,000 $412,500
2016 $13,202 $1,050,590 $727,618 $322,972
2015 $13,070 $1,034,810 $716,689 $318,121
2014 $12,755 $1,014,541 $702,651 $311,890
Source: Public Records

Agents Affiliated with this Home

  • Derk T. Brill

    Seller's Agent in 2016

    Derk T. Brill

    Compass

    (650) 543-1117

    2 in this area

    34 Total Sales

    Derk T. Brill
    Section Image
  • Umang Sanchorawala

    Buyer's Agent in 2016

    Umang Sanchorawala

    Compass

    (650) 960-5363

    5 in this area

    52 Total Sales

    Umang Sanchorawala
    Section Image
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Map

Source: MLSListings

MLS Number: ML81626275

MLSListings

APN: 003-20-048

California Santa Clara County Palo Alto 94301 Crescent Park

1299 Forest Ave, Palo Alto, CA

This home is located at 1299 Forest Ave, Palo Alto, CA 94301 since 28 September 2016 and is currently estimated at $5,217,502, approximately $2,263 per square foot. This property was built in 1936. 1299 Forest Ave is a home located in Santa Clara County with nearby schools including Duveneck Elementary School, Frank S. Greene Jr. Middle, and Palo Alto High School.

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