NOT LISTED FOR SALE

863 Melville Ave Palo Alto, CA 94301

Community Center Neighborhood

Estimated Value: $4,927,000 - $5,323,000

4 Beds
3 Baths
2,330 Sq Ft
$2,191/Sq Ft Est. Value

About This Home

This home is located at 863 Melville Ave, Palo Alto, CA 94301 and is currently estimated at $5,105,971, approximately $2,191 per square foot. 863 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
Nov 10, 2020
Sold by
Mostofizadeh Javad
Bought by
Mostofizadeh Javad and Javad Mostofizadeh Living Trus
Current Estimated Value
$5,105,971

Purchase Details

Closed on
May 9, 2018
Sold by
Mighdoll Lee and Friedman Jacqueline
Bought by
Mostofizadeh Javad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,869,570
Outstanding Balance
$3,297,594
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,808,377

Purchase Details

Closed on
Jan 20, 2015
Sold by
Mighdoll Lee and Friedman Jacqueline D
Bought by
Mighdoll Friedman Living Trust and Friedman Jacqueline

Purchase Details

Closed on
Apr 29, 2011
Sold by
Mcneal John R and Mc Neal Mary Lee
Bought by
Mighdoll Lee and Friedman Jaqueline D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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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
Mostofizadeh Javad -- None Available
Mostofizadeh Javad $4,300,000 Chicago Title Co
Mighdoll Friedman Living Trust -- None Available
Mighdoll Lee $2,101,750 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mostofizadeh Javad $3,869,570
Previous Owner Mighdoll Lee $1,000,000
Previous Owner Mcneal John R $250,000
Previous Owner Mcneal John R $242,500
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 $54,955 $4,975,894 $4,437,532 $538,362
2024 $54,955 $4,878,328 $4,350,522 $527,806
2023 $57,134 $4,762,675 $4,265,218 $497,457
2022 $55,781 $4,610,467 $4,181,587 $428,880
2021 $54,765 $4,520,067 $4,099,596 $420,471
2020 $53,537 $4,473,720 $4,057,560 $416,160
2019 $52,950 $4,386,000 $3,978,000 $408,000
2018 $28,714 $2,366,567 $2,026,770 $339,797
2017 $28,209 $2,320,165 $1,987,030 $333,135
2016 $27,470 $2,274,672 $1,948,069 $326,603
2015 $27,202 $2,240,506 $1,918,808 $321,698
2014 $26,657 $2,196,619 $1,881,222 $315,397
Source: Public Records

Map

California Santa Clara County Palo Alto 94301 Community Center

863 Melville Ave, Palo Alto, CA

This home is located at 863 Melville Ave, Palo Alto, CA 94301 and is currently estimated at $5,105,971, approximately $2,191 per square foot. 863 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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