Seller's Agent in 2020
Alan Dunckel
Compass
(650) 543-1074
1 in this area
4 Total Sales
850 Forest Ave Palo Alto, CA 94301
Crescent Park NeighborhoodEstimated Value: $2,700,000 - $3,531,853
2
Beds
2
Baths
2,298
Sq Ft
$1,391/Sq Ft
Est. Value
Highlights
- Marble Countertops
- High Ceiling
- Storage Room
- Addison Elementary School Rated A+
- Laundry Room
- Bungalow
About This Home
As of October 2020MAJOR PRICE CHANGE! Rarely available investment opportunity in Prime Community Center location. Close to downtown Palo Alto in a neighborhood of homes valued from $3.5 million to $20 million. Two spacious one bedroom, one bath units, with large basement for storage, laundry room, etc. Recently painted inside and out, with one unit remodeled recently. Ideal to live in one unit and rent the other out. One unit is now vacant with second unit occupied by owner. Don't miss this chance!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $27,372
Year Built
- 1920
Lot Details
- 5,162
Home Design
- Duplex
- Bungalow
- Wood Frame Construction
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2,298 Sq Ft Home
- 1-Story Property
- High Ceiling
- Storage Room
- Laundry Room
- Marble Countertops
Parking
- 1 Parking Space
- 1 Carport Space
- No Garage
- On-Street Parking
Additional Features
- 5,162 Sq Ft Lot
- Forced Air Heating System
Listing and Financial Details
- Total Actual Rent $12,000
Community Details
Overview
Building Details
- 1 Leased Unit
- Gardener Expense $2,400
- Insurance Expense $2,400
- Maintenance Expense $500
- Utility Expense $6,000
- Trash Expense $600
- Operating Expense $13,100
- Gross Income $11,880
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 30, 2020
Closed on
Oct 6, 2020
Sold by
Snider Family Trust and The Snider Family Trust
Bought by
Remyam Living Trust and Manayilakath
Seller's Agent
Alan Dunckel
Compass
Buyer's Agent
Kelly Lawson
eXp Realty of California Inc
List Price
$2,795,000
Sold Price
$2,100,000
Premium/Discount to List
-$695,000
-24.87%
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
$1,096,963
Avg. Annual Appreciation
8.70%
Purchase Details
Closed on
Dec 28, 1998
Sold by
Snider Donald D
Bought by
Spenik Lynn Marie and Murray Lori Ann
Purchase Details
Closed on
May 13, 1997
Sold by
Snider Donald D
Bought by
Spenik Lynn Marie and Murray Lori Ann
Purchase Details
Closed on
Jan 5, 1996
Sold by
Snider Donald D
Bought by
Spenik Lynn Marie and Murray Lori Ann
Purchase Details
Closed on
Dec 29, 1995
Sold by
Snider Donald D
Bought by
Spenik Lynn Marie and Murray Lori Ann
Purchase Details
Closed on
Dec 14, 1995
Sold by
Snider Donald D
Bought by
Snider Donald D
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 |
|---|---|---|---|
| Remyam Living Trust | $2,100,000 | Chicago Title | |
| Spenik Lynn Marie | -- | -- | |
| Snider Donald Dean | -- | -- | |
| Spenik Lynn Marie | -- | -- | |
| Spenik Lynn Marie | -- | -- | |
| Spenik Lynn Marie | -- | -- | |
| Spenik Lynn Marie | -- | -- | |
| Snider Donald D | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/14/2020 10/14/20 | Sold | $2,100,000 | -6.6% | $914 / Sq Ft |
| 10/06/2020 10/06/20 | Pending | -- | -- | -- |
| 10/02/2020 10/02/20 | Price Changed | $2,249,000 | -9.9% | $979 / Sq Ft |
| 07/28/2020 07/28/20 | Price Changed | $2,495,000 | -10.7% | $1,086 / Sq Ft |
| 05/30/2020 05/30/20 | For Sale | $2,795,000 | -- | $1,216 / 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 | $27,372 | $2,289,024 | $2,164,864 | $124,160 |
| 2024 | $27,372 | $2,244,142 | $2,122,416 | $121,726 |
| 2023 | $26,978 | $2,200,140 | $2,080,800 | $119,340 |
| 2022 | $26,626 | $2,153,700 | $2,040,000 | $113,700 |
| 2021 | $25,960 | $2,100,000 | $2,000,000 | $100,000 |
| 2020 | $1,830 | $73,884 | $40,319 | $33,565 |
| 2019 | $1,804 | $72,436 | $39,529 | $32,907 |
| 2018 | $1,776 | $71,016 | $38,754 | $32,262 |
| 2017 | $1,743 | $69,625 | $37,995 | $31,630 |
| 2016 | $1,691 | $68,260 | $37,250 | $31,010 |
| 2015 | $1,668 | $67,236 | $36,691 | $30,545 |
| 2014 | $1,536 | $65,920 | $35,973 | $29,947 |
Source: Public Records
Agents Affiliated with this Home
-
Alan Dunckel
-
Kelly Lawson
Buyer's Agent in 2020
Kelly Lawson
eXp Realty of California Inc
(650) 255-3983
10 Total Sales
Map
Source: MLSListings
MLS Number: ML81794563
APN: 003-31-044
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