NOT LISTED FOR SALE

365 Forest Ave Unit 5B Palo Alto, CA 94301

University South Neighborhood

Estimated Value: $2,333,000 - $2,668,824

3 Beds
2 Baths
1,695 Sq Ft
$724/mo HOA Fee

Last Sold May 13, 2019

Last sale price $2,520,000 $1,487 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $17,376/month

6 Days on Market

Highlights

  • Primary Bedroom Suite
  • Contemporary Architecture
  • High Ceiling
  • Addison Elementary School Rated A+
  • Wood Flooring
  • 4-minute walk to Heritage Park

About This Home

As of May 2019

Gorgeous fifth-floor penthouse with open floor plan and four balconies in the heart of downtown Palo Alto. 3 bedrooms and 2 full bathrooms with beautiful views from every room. New modern kitchen with large skylight and high-end stainless steel appliances. Gorgeous dining room with access to a large covered balcony ideal for outdoor entertaining. Bright living room with high ceilings and fireplace showered in natural light from an abundance of windows. Luxurious master suite with 3 closets, balcony and renovated master bathroom with seamless glass shower. 2 dedicated parking spaces and storage unit in the secure underground parking. Easy access to the farmers market, Whole Foods, Heritage and Johnson Parks, the library, fine dining, & other wonderful downtown amenities. Excellent Palo Alto schools: Addison Elementary, Greene Middle, and Palo Alto High.

Last Listed By

Brian Chancellor

Christie's International Real Estate Sereno License #01174998 Listed on: 04/25/2019

Christie's International Real Estate Sereno

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $29,076

Year Built

  • Built in 1981

Lot Details

  • 1,734

HOA Fees

  • $724 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Garage Door Opener
  • Electric Gate
  • Secured Garage or Parking
  • On-Street Parking

Home Design

  • Contemporary Architecture
  • Permanent Foundation

Interior Spaces

  • 1,695 Sq Ft Home
  • 1-Story Property
  • Wired For Sound
  • High Ceiling
  • Skylights in Kitchen
  • Wood Burning Fireplace
  • Formal Dining Room
  • Wood Flooring

Kitchen

  • Electric Oven
  • Range Hood
  • Microwave
  • Dishwasher
  • Quartz Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite
  • 2 Full Bathrooms
  • Dual Sinks
  • Bathtub with Shower
  • Bathtub Includes Tile Surround
  • Walk-in Shower

Laundry

  • Laundry in unit
  • Washer and Dryer

Home Security

Additional Features

  • Southwest Facing Home
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 120-62-019

Community Details

Overview

  • Association fees include cable / dish, garbage, insurance, insurance - common area, maintenance - common area, maintenance - exterior, management fee, reserves, roof, sewer, water
  • 17 Units
  • 365 Forest Homeowner's Association

Security

  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$29,076

Year Built

Built in 1981

Lot Details

0

HOA Fees

$724 per month

Parking

2

Listing Details

  • Subclass: Condominium
  • Style: Contemporary
  • Restrictions: Pets - Restrictions
  • Age: 38
  • Listing Class: Residential
  • Min Numberof Unitsin Complex: 17
  • Structure Sq Ft: 1695
  • Year Built: 1981
  • Zoning Description: CDC
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Family Room: No Family Room
  • Fireplace: Wood Burning
  • Dining Room: Formal Dining Room
  • Kitchen: Countertop - Quartz, Dishwasher, Garbage Disposal, Hood Over Range, Microwave, Oven - Electric, Oven Range - Electric, Refrigerator, Skylight
  • Living Sq Ft: 1695
  • Stories: 1
  • Security: Fire System - Sprinkler, Secured Garage / Parking, Security Building
  • Bedrooms: Primary Suite / Retreat
  • Laundry: Inside, Washer / Dryer
  • Flooring: Wood
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Bathroom: Double Sinks, Shower over Tub - 1, Stall Shower, Tile
  • Fireplace: Yes

Exterior Features

  • Foundation: Permanent
  • Property Faces: Southwest

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Assigned Spaces, Electric Gate, Gate / Door Opener, On Street, Parking Restrictions, Underground Parking

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 724
  • HOA Documents: Articles of Incorporation, Budget, Bylaws, CC&RS, Financial Statement, Minutes, Reserve Study, Rules & Regulations
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Cable / Dish, Garbage, Insurance, Insurance - Common Area, Maintenance - Common Area, Maintenance - Exterior, Management Fee, Reserves, Roof, Sewer, Water
  • H O A Name Text: 365 Forest Homeowner's Association
  • H O A Exist: Yes

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Skylight

Schools

  • School District: Palo Alto Unified
  • Elementary School: Addison Elementary
  • Middle School: Frank S. Greene Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 309
  • Middle School: 329

Lot Info

  • Parcel Number: 120-62-019
  • Lot Acres: 0.0398
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 1733.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 1733.00

Multi Family

  • Utilities: Public Utilities
  • Maximum Building Height: 5
  • Minimum Building Height: 5

MLS Schools

  • High School District Text: Palo Alto Unified
  • Elementary School Text: Addison Elementary
  • High School Text: Palo Alto High
  • Middle School Text: Frank S. Greene Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 10, 2001
Sold by
Roche Elaine
Bought by
Roche Elaine
Total Days on Market
6
Current Estimated Value
$2,541,941

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,500
Interest Rate
6.63%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 22, 1993
Sold by
Roche Elaine and Mcpheron Elaine
Bought by
Roche Elaine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,300
Interest Rate
3.87%

Range of Values:

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Average Value
Not Available
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
Roche Elaine -- --
Roche Elaine -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Roche Elaine $150,000
Closed Roche Elaine $88,500
Closed Roche Elaine $139,000
Closed Roche Elaine $219,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2019 05/13/19 Sold $2,520,000 +5.2% $1,487 / Sq Ft
05/02/2019 05/02/19 Pending -- -- --
04/25/2019 04/25/19 For Sale $2,395,000 -- $1,413 / 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
2024 $29,076 $2,400,000 $1,200,000 $1,200,000
2023 $29,675 $2,701,946 $1,350,973 $1,350,973
2022 $32,389 $2,648,968 $1,324,484 $1,324,484
2021 $31,751 $2,597,028 $1,298,514 $1,298,514
2020 $31,093 $2,570,400 $1,285,200 $1,285,200
2019 $6,729 $497,586 $137,254 $360,332
2018 $6,560 $487,830 $134,563 $353,267
2017 $6,442 $478,266 $131,925 $346,341
2016 $6,349 $468,889 $129,339 $339,550
2015 $6,282 $461,847 $127,397 $334,450
2014 $6,076 $452,801 $124,902 $327,899
Source: Public Records

Agents Affiliated with this Home

  • Brian Chancellor

    Seller's Agent in 2019

    Brian Chancellor

    Sereno Group

    (650) 303-5511

    6 in this area

    90 Total Sales

    Brian Chancellor
    Section Image
  • Juliana Lee

    Buyer's Agent in 2019

    Juliana Lee

    Keller Williams Palo Alto

    (650) 857-1000

    1 in this area

    234 Total Sales

    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81748741

MLSListings

APN: 120-62-019

California Santa Clara County Palo Alto 94301 University South

365 Forest Ave Unit 5B, Palo Alto, CA

Homes for Sale in Palo Alto, CA

This home is located at 365 Forest Ave Unit 5B, Palo Alto, CA 94301 since 25 April 2019 and is currently estimated at $2,541,941, approximately $1,499 per square foot. This property was built in 1981. 365 Forest Ave Unit 5B is a home located in Santa Clara County with nearby schools including Addison Elementary School, Frank S. Greene Jr. Middle, and Palo Alto High School.

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