NOT LISTED FOR SALE

550 Melville Ave Palo Alto, CA 94301

University South Neighborhood

Estimated Value: $4,023,159 - $4,722,000

4 Beds
2 Baths
1,882 Sq Ft
$2,337/Sq Ft Est. Value

About This Home

This home is located at 550 Melville Ave, Palo Alto, CA 94301 and is currently estimated at $4,398,540, approximately $2,337 per square foot. 550 Melville Ave is a home located in Santa Clara County with nearby schools including Walter Hays Elementary, Frank S. Greene Jr. Middle, and Palo Alto High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 21, 2021
Sold by
Unal Attila Fatih and Unal Ayce
Bought by
Unal Ayce and Unal Attila Fatih
Current Estimated Value
$4,398,540

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Outstanding Balance
$1,363,089
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$3,035,451

Purchase Details

Closed on
Jul 19, 2011
Sold by
Unal Attila Fatih and Unal Ayce
Bought by
Unal Attila Fatih and Unal Ayce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,150,000
Interest Rate
4.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 27, 2006
Sold by
Unal Attila and Unal Ayce
Bought by
Unal Attila Faith and Unal Ayce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.69%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Oct 26, 2004
Sold by
Kramer Ray L
Bought by
Unal Attila and Unal Ayce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.72%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 29, 2004
Sold by
Kramer Ruth M and Kramer Ray L
Bought by
Kramer Ruth M and Kramer Ray L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
5.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 16, 1994
Sold by
Kramer Ray L and Kramer Ruth Margaret
Bought by
Kramer Ruth M and Kramer Ray L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,000
Interest Rate
7.21%

Purchase Details

Closed on
Jan 20, 1994
Sold by
Kramer Ruth M and Kramer Ray L
Bought by
Kramer Ray L and Kramer Ruth Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,000
Interest Rate
7.21%

Purchase Details

Closed on
Jan 18, 1994
Sold by
Kramer Ruth M and Kramer Ray L
Bought by
Kramer Ruth Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,000
Interest Rate
7.21%
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Unal Ayce -- Chicago Title Company
Unal Attila Fatih -- First American Title Company
Unal Attila Faith -- Accommodation
Unal Attila $1,750,000 Old Republic Title Company
Kramer Ruth M -- --
Kramer Ray L -- Chicago Title
Kramer Ruth M -- --
Kramer Ray L -- American Title Insurance
Kramer Ruth Margaret -- American Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Unal Ayce $525,000
Open Unal Ayce $1,500,000
Closed Unal Attila Fatih $500,000
Closed Unal Attila Fatih $1,128,000
Closed Unal Attila Fatih $1,139,000
Closed Unal Attila Fatih $1,150,000
Closed Unal Attila $200,000
Closed Unal Attila $1,250,000
Closed Unal Attila $250,000
Closed Unal Attila $200,000
Closed Unal Attila $1,225,000
Closed Unal Attila $105,000
Previous Owner Kramer Ray L $245,000
Previous Owner Kramer Ray L $277,000
Previous Owner Kramer Ruth Margaret $64,000
Source: Public Records

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 $28,133 $2,439,339 $2,021,173 $418,166
2024 $28,133 $2,391,510 $1,981,543 $409,967
2023 $27,722 $2,344,619 $1,942,690 $401,929
2022 $28,259 $2,298,648 $1,904,599 $394,049
2021 $27,701 $2,253,577 $1,867,254 $386,323
2020 $27,130 $2,230,470 $1,848,108 $382,362
2019 $26,829 $2,186,736 $1,811,871 $374,865
2018 $26,092 $2,143,860 $1,776,345 $367,515
2017 $25,633 $2,101,824 $1,741,515 $360,309
2016 $24,960 $2,060,613 $1,707,368 $353,245
2015 $24,716 $2,029,661 $1,681,722 $347,939
2014 $24,211 $1,989,904 $1,648,780 $341,124
Source: Public Records

Map

California Santa Clara County Palo Alto 94301 University South

550 Melville Ave, Palo Alto, CA

This home is located at 550 Melville Ave, Palo Alto, CA 94301 and is currently estimated at $4,398,540, approximately $2,337 per square foot. 550 Melville Ave is a home located in Santa Clara County with nearby schools including Walter Hays Elementary, Frank S. Greene Jr. Middle, and Palo Alto High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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