NOT LISTED FOR SALE

5240 Palomino Dr Melbourne, FL 32934

Estimated Value: $565,536 - $658,000

4 Beds
3 Baths
2,295 Sq Ft
$269/Sq Ft Est. Value

About This Home

This home is located at 5240 Palomino Dr, Melbourne, FL 32934 and is currently estimated at $616,884, approximately $268 per square foot. 5240 Palomino Dr is a home located in Brevard County with nearby schools including Sabal Elementary School, Lyndon B. Johnson Middle School, and Eau Gallie High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 14, 2009
Sold by
Watts Jerry L and Watts Lauren K
Bought by
Stokes Thomas A and Stokes Debra L
Current Estimated Value
$616,884

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,508
Outstanding Balance
$157,957
Interest Rate
5.11%
Estimated Equity
$458,927

Purchase Details

Closed on
Aug 27, 1993
Sold by
Turner Erik W and Turner Beatrice H
Bought by
Watts Jerry L and Watts Lauren K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.18%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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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

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Stokes Thomas A $248,000 State Title Partners Llp
Watts Jerry L $145,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stokes Thomas A $243,508
Previous Owner Watts Jerry L $100,000
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 $2,907 $221,930 -- --
2024 $2,852 $215,680 -- --
2023 $2,852 $209,400 $0 $0
2022 $2,659 $203,310 $0 $0
2021 $2,743 $197,390 $0 $0
2020 $2,669 $194,670 $0 $0
2019 $2,616 $190,300 $0 $0
2018 $2,619 $186,760 $0 $0
2017 $2,637 $182,920 $0 $0
2016 $2,678 $179,160 $72,000 $107,160
2015 $2,749 $177,920 $65,000 $112,920
2014 $2,766 $176,510 $55,000 $121,510
Source: Public Records

Map

Florida Brevard County Melbourne 32934

5240 Palomino Dr, Melbourne, FL

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