NOT LISTED FOR SALE

694 Palmer Way Melbourne, FL 32940

Suntree Neighborhood

Estimated Value: $682,000 - $779,000

4 Beds
3 Baths
2,659 Sq Ft
$276/Sq Ft Est. Value

About This Home

This home is located at 694 Palmer Way, Melbourne, FL 32940 and is currently estimated at $734,186, approximately $276 per square foot. 694 Palmer Way is a home located in Brevard County with nearby schools including Suntree Elementary School, DeLaura Middle School, and Wavecrest Academy.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 9, 2025
Sold by
Yang Shitao
Bought by
Yang Shitao and Yang Amy
Current Estimated Value
$734,186

Purchase Details

Closed on
Nov 30, 2022
Sold by
Yang Shitao
Bought by
Yang Shitao

Purchase Details

Closed on
Mar 1, 2011
Sold by
Shein Justin B and Shein Erica A
Bought by
Yang Shitao and Wang Yue

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
3.5%

Purchase Details

Closed on
Apr 22, 2005
Sold by
Loerch James M and Loerch Kay J
Bought by
Shein Justin B and Shein Erica A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.5%

Purchase Details

Closed on
Dec 1, 2003
Sold by
Devoe Phillip W and Devoe Sandra A
Bought by
Loerch James M and Loerch Kay J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
6.07%

Purchase Details

Closed on
Feb 28, 1994
Sold by
Suntree Tract 51 Gen Ptnr
Bought by
Devoe Phillip W and Devoe Sandra A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,300
Interest Rate
7.04%
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.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

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.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

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.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

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.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Yang Shitao $100 None Listed On Document
Yang Shitao $100 None Listed On Document
Yang Shitao $100 --
Yang Shitao $370,000 Sunbelt Title Agency
Shein Justin B $618,000 Professional Title & Closing
Loerch James M $417,500 Alday-Donalson Title Agencie
Devoe Phillip W $58,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yang Shitao $120,000
Previous Owner Shein Justin B $400,000
Previous Owner Loerch James M $340,000
Previous Owner Devoe Phillip W $241,300
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 $5,988 $496,350 -- --
2024 $6,048 $482,370 -- --
2023 $6,048 $468,330 $0 $0
2022 $5,640 $454,690 $0 $0
2021 $5,912 $441,450 $85,000 $356,450
2020 $5,792 $391,130 $56,000 $335,130
2019 $4,022 $292,170 $0 $0
2018 $4,037 $286,730 $0 $0
2017 $4,086 $280,840 $0 $0
2016 $4,168 $275,070 $56,000 $219,070
2015 $4,303 $273,160 $56,000 $217,160
2014 $4,338 $271,000 $72,000 $199,000
Source: Public Records

Map

Florida Brevard County Melbourne 32940 Suntree

694 Palmer Way, Melbourne, FL

This home is located at 694 Palmer Way, Melbourne, FL 32940 and is currently estimated at $734,186, approximately $276 per square foot. 694 Palmer Way is a home located in Brevard County with nearby schools including Suntree Elementary School, DeLaura Middle School, and Wavecrest Academy.

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.

Nearby Homes