Home value estimate for

863 Melville Ave

Palo Alto, CA, 94301

Generated Oct 12, 2026

Street View imagery may not reflect the home's current condition.

Home value estimate
Not an asking price

Estimated market value

$5,514,579

Estimated range $4,935,273–$6,510,870

Moderate confidence

Based on available public data

4 beds
3 baths
2,202 sqft
Built 1932
Single-family home
$60,733/yr property tax

This automated estimate is a starting point for evaluating the home. It is not an appraisal, offer, or confirmation that the property is currently for sale.

How this estimate was calculated
  • • 10 of 56 recent comparable sales selected
  • • Nearby sales receive more weight
  • • 15% assessor-data blend
  • • 7.2% annual local market adjustment

Sales Status

Sale status not verified

This is a home value estimate, not a for-sale listing. HomeHub has not verified that this property is currently available.

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Estimated monthly cost
Explore affordability using the value estimate and editable loan assumptions.

Estimated payment

$34,554/mo

Principal & interest

$27,885

Property tax

$5,061

Insurance

$1,608

HOA

Not included

20% · $1,102,916
%

30-year loan estimate. Taxes use property data when available; insurance and PMI are estimates. This is not a loan quote.

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Location and nearby sales
See this home's location, the recent sales behind the estimate, and available school data.
Subject
Comparable (10)
School (3)
Comparable Sales
Recent nearby sales used to estimate this property's value. Highlighted rows were used in the valuation.
AddressSoldPrice$/sqftType
1143 Greenwood Ave
3 bd · 2 ba · 1,703 sqft
Mar 30, 2026$5,730,000$3,365Houses
690 Lincoln Ave
3 bd · 2.5 ba · 1,668 sqft
Jun 1, 2026$3,850,000$2,308Houses
848 Boyce Ave
3 bd · 2 ba · 2,052 sqft
May 19, 2026$4,100,000$1,998Houses
1320 Greenwood Ave
3 bd · 2.5 ba · 1,712 sqft
Jul 15, 2026$6,300,000$3,680Houses
1301 Forest Ave
3 bd · 2 ba · 1,716 sqft
Nov 3, 2025$4,500,000$2,622Houses
Nearby Schools
Schools serving this property. Highlighted schools were used in the valuation.
SchoolRating
Palo Alto High School
High · Public · Grades 9-12
9/10
David Starr Jordan Middle School
Middle · Public · Grades 6-8
8/10
Addison Elementary School
Elementary · Public · Grades K-5
7/10
Area Insights
San Jose-Sunnyvale-Santa Clara, CA HUD Metro FMR Area

Suggested Rent

$4,730/mo

Area Median Income

$184,932

HUD FMR 2BR

$3,310/mo

Gross Rent Multiplier

97.2xAppreciation-driven

Rent-to-Value

0.09%/mo

Property Tax
Based on 2026 assessment

Annual

$60,733

Monthly

$5,061

Effective Rate

1.10%

Sales History
DateSale Amount
May 9, 2018$4,300,000
Apr 29, 2011$2,101,750
Property Details
Lot Size6,000 sqft
Year Built1932
Rooms9
HOANo
PoolNo
A/CNone
HeatingYes
ConstructionWood
Flood Zone
FEMA flood zone designation for this property

Zone X

0.2 PCT ANNUAL CHANCE FLOOD HAZARD