NOT LISTED FOR SALE

558 Forest Ave Unit 5 Palo Alto, CA 94301

University South Neighborhood

Estimated Value: $1,490,863 - $1,670,000

2 Beds
1.5 Baths
1,252 Sq Ft
$1,289/Sq Ft Est. Value

Highlights

  • 1 Car Detached Garage
  • Open to Family Room
  • Dining Area
  • Addison Elementary School Rated A+
  • Washer and Dryer

About This Home

As of November 2022

COMPLETELY DETACHED UNIT nestled in the rear of an 8-unit complex in the most desired spot in Palo Alto. Open the sliding door and you can step into your very own mini-oasis backyard. Take a quick 3-minute stroll and you'll be right on the vibrant University Avenue, near Stanford, hi-tech companies, start-ups, and top Palo Alto schools. 1 car garage plus 1 parking spot. Both spacious bedrooms have vaulted ceilings, one of which with a large sliding door to the balcony. Recessed lights, fresh paint, new ½ bathroom, new floor, and stairs. A truly hidden gem that offers serenity, privacy, and proximity to perhaps the most unbeatable neighborhood in Silicon Valley!

Last Agent to Rent the Property

Alan Sha

AiReal License #01935890 Listed on: 10/20/2022

Last Renter's Agent

Alan Sha

AiReal License #01935890 Listed on: 10/20/2022

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $18,178

Year Built

  • 1978

Lot Details

  • 566

Parking

  • 1 Car Detached Garage
  • Assigned Parking

Interior Spaces

  • 1,252 Sq Ft Home
  • 2-Story Property
  • Dining Area
  • Open to Family Room
  • Washer and Dryer

Bedrooms and Bathrooms

  • 2 Bedrooms

Listing and Financial Details

  • Security Deposit $5,250
  • Property Available on 10/20/22
  • Rent includes association fees
  • 8-Month Minimum Lease Term

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$18,178

Year Built

1978

Lot Details

0

Parking

1

Rental Info

  • Available: 10/20/2022
  • Lease Terms: Deposit Required
  • Minimum Lease Months: 8
  • Rent Includes: Association Fees
  • Security Deposit: 5250

Listing Details

  • Subclass: Townhouse For Rent
  • Age: 44
  • Listing Class: Residential Lease/Rental
  • Structure Sq Ft: 1252
  • Special Features: None
  • Property Sub Type: Townhouses
  • Year Built: 1978

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Dining Room: Dining Area
  • Living Sq Ft: 1252
  • Stories: 2
  • Laundry: Washer / Dryer
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 1
  • Garage Parking Features: Assigned Spaces, Detached Garage

Condo/Co-op/Association

  • HOA Exist: Yes

Schools

  • School District: Palo Alto Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 10, 2022
Sold by
Yao Lu
Bought by
Lu Yao and Zhao Ran
Current Estimated Value
$1,613,216

Purchase Details

Closed on
May 5, 2021
Sold by
Spim Judith
Bought by
Lu Yao and Zhao Ran

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,232,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 19, 2005
Sold by
Delahunt James A and Sherwood Kaitlin D
Bought by
Spirn Judith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.64%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 10, 2003
Sold by
Delahunt James A and Sherwood Kaitlin D
Bought by
Delahunt James A and Sherwood Kaitlin D

Purchase Details

Closed on
Sep 6, 2001
Sold by
Delahunt James A
Bought by
Delahunt James A and Sherwood Kaitlin D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
7%

Purchase Details

Closed on
Oct 26, 1993
Sold by
Whitin Holly Watson
Bought by
Delahunt James A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,800
Interest Rate
4.5%
Source: Public Records

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
Lu Yao -- --
Lu Yao $1,540,000 Chicago Title Company
Spirn Judith -- Old Republic Title Company
Delahunt James A -- --
Delahunt James A -- American Title Co
Delahunt James A $301,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lu Yao $1,232,000
Previous Owner Spirn Judith $400,076
Previous Owner Spirn Judith $400,000
Previous Owner Spirn Judith $100,000
Previous Owner Spirn Judith $500,000
Previous Owner Delahunt James A $225,000
Previous Owner Delahunt James A $240,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2022 11/18/22 Rented $5,250 0.0% --
10/20/2022 10/20/22 For Rent $5,250 -- --
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 $18,178 $1,605,000 $802,500 $802,500
2024 $18,178 $1,465,000 $732,500 $732,500
2023 $17,481 $1,400,000 $700,000 $700,000
2022 $19,637 $1,570,800 $785,400 $785,400
2021 $7,725 $571,750 $324,657 $247,093
2020 $7,579 $565,889 $321,329 $244,560
2019 $7,491 $554,794 $315,029 $239,765
2018 $7,302 $543,916 $308,852 $235,064
2017 $7,173 $533,252 $302,797 $230,455
2016 $6,981 $522,797 $296,860 $225,937
2015 $6,908 $514,945 $292,401 $222,544
2014 $6,692 $504,859 $286,674 $218,185
Source: Public Records

Agents Affiliated with this Home

  • A

    Landlord's Agent in 2022

    Alan Sha

    AiReal

    (408) 688-4185

    21 Total Sales

    Alan Sha
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Map

Source: MLSListings

MLS Number: ML81910999

MLSListings

APN: 120-55-005

California Santa Clara County Palo Alto 94301 University South

558 Forest Ave Unit 5, Palo Alto, CA

This home is located at 558 Forest Ave Unit 5, Palo Alto, CA 94301 since 20 October 2022 and is currently priced at $1,613,216. This property was built in 1978. 558 Forest Ave Unit 5 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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