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1022 South Tower Lane

1022 South Tower Lane, Lake Wales, FL 33853
Sold Jul 23, 2020
$173,000
$169,866 by Crosscountry Mortgage Llc
Mortgage Due Aug 01, 2050
Sold Nov 02, 2018
$80,000
1022 South Tower Lane in Lake Wales, FL was first built in 1961 and is 63 years old. Although, the building on the property was most recently renovated and altered in 2015. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a unknown style. It is a single story home. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 1022 South Tower Lane has 1,424 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 780 ft and the linear feet between the front and back of the lot is 1,300. In total, the area measurement of the land is 10,097 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The home has a gable style roof made of materials that we aren't sure of. For those who need parking, there is a carport. The garage is 228 sqft. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with masonry control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The exterior walls of the home are made of materials we are unsure of. While the interior walls are made of plaster. Walk inside and you'll find flooring throughout the home. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1022 South Tower Lane was last sold in Jul 20, 2020 for $173,000. According to our calculations, that's $121.49 per sqft. Prior to that sales transaction, the property was sold for $80,000 in Nov 1, 2018. Current property owners are expected to pay $1,838 in taxes per year. The property on 1022 South Tower Lane was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $132,645. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Block Exterior
Brick Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 2015
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Unknown
  • Exterior Walls Type: Other
  • Interior Walls Type: Plaster
  • Roof Shape Type: Gable
  • Roof Cover Type: Other
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 228
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 10,097
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 780
  • Total Building Area: 1,424
  • Gross Building Area: 1,424
  • Building Area: 1,424
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,424
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BUSH HEIGHTS
  • Land Acres: 0.232
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BUSH HEIGHTS PB 44 PG 12 BLK C LOT 3

Ownership

  • Current Owner : JONES COLIN W
  • Current Owner 2: JONES BROOKE L
  • Previous Owner : FLORIDA PALM TREE HOMES LLC
  • Owner Before Previous Owner: FANNIE MAE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Polk County School District
  • Census Tract: 014303

Zoning

  • Zoning: R1A

Geography

  • Assessors Map Reference: Jan 01, 1970
  • Subdivision Tract Number: 880200
  • Parcel: 27-29-36-880200-003030
  • Block: C
  • Lot: 3
  • Meridian: SEC 36 TWN 29S RNG 27E
  • Municipality: LAKE WALES/SWFWMD
  • Latitude: 27.9106
  • Longitude: -81.5646

    Address

  • Full Address: 1022 S Tower Ln
  • Address - House Number: 1022
  • Street Direction: S
  • Address - Street Name: Tower
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Lake Wales
  • Carrier Code: C053
  • 4-Digit Zip Code: 3428
  • Zip Code: 33853

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,838
  • Tax Rate Code Area: 90320

    Appraisal Valuation

  • Standard Deviation: 0.4965
  • Valuation Date: Jan 03, 2024
  • Final Value: 81,903
  • High Value: 122,574
  • Low Value: 41,231

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $169,866
  • First Open Lien Mortgage Lender: CROSSCOUNTRY MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Jul 23, 2020
  • First Open Lien Mortgage Loan Amount: $169,866
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2050

    Market Valuation

  • Market Total Value: $172,912
  • Market Land Value: $11,500
  • Market Improvement Value: $161,412

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $132,645

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 20, 2020
  • Current Sale Recording Date: Jul 23, 2020
  • Current Sale Transaction ID: 11775751812
  • Current Sale Price: $173,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020148123
  • Previous Sale Recording Date: Nov 02, 2018
  • Previous Sale Contract Date: Nov 01, 2018
  • Previous Sale Amount: $80,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CROSSCOUNTRY MORTGAGE LLC
  • First Mortgage Transaction Date: Jul 23, 2020
  • First Mortgage Loan Amount: $169,866
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Aug 01, 2050

About Bush Heights



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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 1022 South Tower Lane located in?
The 1022 South Tower Lane is a house located in the neighborhood of Bush Heights in Bush Heights, Lake Wales.
What is the average sales price for listings in 1022 South Tower Lane?
The average sales price for units in 1022 South Tower Lane is $175,000 , or $123/sqft. currently.

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