Seller's Agent in 2021
Michael Repka
Deleon Realty
(650) 488-7325
20 in this area
772 Total Sales
480 Melville Ave Palo Alto, CA 94301
University South NeighborhoodEstimated Value: $4,305,000 - $5,666,000
3
Beds
2.5
Baths
2,451
Sq Ft
$2,015/Sq Ft
Est. Value
Highlights
- Primary Bedroom Suite
- Skyline View
- Vaulted Ceiling
- Walter Hays Elementary Rated A+
- Eichler Home
- Main Floor Bedroom
About This Home
As of August 2021Mid-century modern details abound in this spacious 3-bedroom, 2.5-bathroom home that enjoys a sought-after location in Professorville. Introduced by a peaceful, Zen-like garden courtyard, this rare 2-story Eichler home enjoys soaring ceilings, walls of windows, and laminate floors that extend through most of the homes 2,451 sf of interior space. Expansive spaces include the living room w/fireplace, and the kitchen w/stainless-steel appliances, while a flexible-use room can be used as an office, family room, or additional guest space. The primary suite opens to a balcony overlooking the backyard, where a shaded brick patio provides excellent space for outdoor enjoyment. Plus, this home offers an E.V. charger. Just moments from Rinconada Park and Gamble Garden, this home is also convenient to University Avenue, Stanford University, and Caltrain, with top-ranked schools Walter Hays Elementary, Greene Middle, and Palo Alto High all located within approximately 1 mile.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $47,445
Year Built
- 1958
Lot Details
- 5,998 Sq Ft Lot
- West Facing Home
- Level Lot
- Sprinklers on Timer
- Drought Tolerant Landscaping
- Grass Covered Lot
- Back Yard Fenced
Home Design
- Eichler Home
- Wood Shingle Roof
- Concrete Perimeter Foundation
- Stucco
Interior Spaces
- 2,451 Sq Ft Home
- 2-Story Property
- Entertainment System
- Vaulted Ceiling
- Ceiling Fan
- Skylights
- Wood Burning Fireplace
- Double Pane Windows
- Garden Windows
- Formal Entry
- Living Room with Fireplace
- Dining Room
- Skyline Views
Kitchen
- Breakfast Bar
- Built-In Self-Cleaning Oven
- Electric Oven
- Gas Cooktop
- Range Hood
- Microwave
- Freezer
- Dishwasher
- Granite Countertops
- Disposal
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Main Floor Bedroom
- Primary Bedroom Suite
- Walk-In Closet
- Dual Sinks
- Low Flow Toliet
- Bathtub with Shower
- Bathtub Includes Tile Surround
- Walk-in Shower
- Low Flow Shower
Laundry
- Laundry in Utility Room
- Washer and Dryer
- Laundry Tub
Parking
- No Garage
- Electric Vehicle Home Charger
- On-Street Parking
- Uncovered Parking
- Off-Street Parking
Eco-Friendly Details
- Energy-Efficient Insulation
Outdoor Features
- Balcony
- Enclosed Patio or Porch
- Shed
Utilities
- Vented Exhaust Fan
- Radiant Heating System
- Thermostat
- Separate Meters
- Individual Gas Meter
- Sewer Connection Less Than 500 Feet Away
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 16, 2021
Sold by
Ponnampalam Vishakan and Ponnampalam Komathy
Bought by
Ponnampalam Vishakan Living Trust and Ponnampalam
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,850,000
Interest Rate
3.05%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jul 21, 2021
Closed on
Aug 3, 2021
Sold by
Zulch Lawrence A and The Ramona W Zulch Trust
Bought by
Ponnampalam Vishakan and Komathy Vishakan
Seller's Agent
Michael Repka
Deleon Realty
Buyer's Agent
Dana Van Hulsen
Compass
List Price
$3,988,000
Sold Price
$3,800,000
Premium/Discount to List
-$188,000
-4.71%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.66%
Original Mortgage
$3,040,000
Interest Rate
2.8%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 9, 2019
Sold by
Zulch Lawrence A and Zulch Living Trust
Bought by
Zulch Lawrence A and Ramona W Zulch Trust
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 |
|---|---|---|---|
| Ponnampalam Vishakan Living Trust | -- | Zohar Gadi | |
| Ponnampalam Vishakan | $3,800,000 | First American Title Company | |
| Zulch Lawrence A | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Ponnampalam Vishakan | $2,850,000 | |
| Previous Owner | Ponnampalam Vishakan | $3,040,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/25/2021 08/25/21 | Sold | $3,800,000 | -4.7% | $1,550 / Sq Ft |
| 07/29/2021 07/29/21 | Pending | -- | -- | -- |
| 07/21/2021 07/21/21 | For Sale | $3,988,000 | -- | $1,627 / 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 | $47,445 | $4,032,589 | $3,820,348 | $212,241 |
| 2024 | $47,445 | $3,953,520 | $3,745,440 | $208,080 |
| 2023 | $46,750 | $3,876,000 | $3,672,000 | $204,000 |
| 2022 | $46,132 | $3,800,000 | $3,600,000 | $200,000 |
| 2021 | $7,201 | $524,494 | $216,893 | $307,601 |
| 2020 | $7,067 | $519,117 | $214,670 | $304,447 |
| 2019 | $6,984 | $508,939 | $210,461 | $298,478 |
| 2018 | $6,810 | $498,961 | $206,335 | $292,626 |
| 2017 | $6,689 | $489,179 | $202,290 | $286,889 |
| 2016 | $6,509 | $479,588 | $198,324 | $281,264 |
| 2015 | $6,440 | $472,385 | $195,345 | $277,040 |
| 2014 | $6,231 | $463,133 | $191,519 | $271,614 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Repka
-
Dana Van Hulsen
Buyer's Agent in 2021
Dana Van Hulsen
Compass
(650) 248-3950
1 in this area
16 Total Sales
Map
Source: MLSListings
MLS Number: ML81854574
APN: 120-19-023
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