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1040 Vista Palma Way

1040 Vista Palma Way, Orlando, FL 32825
Sold Oct 20, 2006
$212,000
$169,600 by Resmae Mortgage Corp
Mortgage Due Nov 01, 2036
Sold Jun 16, 2005
$160,000
$144,000 by Opteum Financial Services Llc
Mortgage Due Jun 01, 2035
Local assessors in Orlando, FL have categorized 1040 Vista Palma Way as a residential type of property. The home was built in 1997 and is 27 years old. The property's lot size has been calculated to be 3,886 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1040 Vista Palma Way has a total of 1,186 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 214 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is good. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - D. The building has a gable or hip style roof that was made of composition shingle. Lots of concrete were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on central air conditioning for their cooling system. The home's a forced air unit is the primary heating source and it is being fueled with electricity. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1040 Vista Palma Way sold most recently in Oct 13, 2006 for a total of $212,000. If you work out the math, that's approximately a cost of $149.82 per sqft. Before that, the property was also sold for $160,000 in Jun 1, 2005. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,958 in taxes each year. 1040 Vista Palma Way was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $269,550. If we break it down further, the land itself was valued at $85,000. Improvements to the property, however, were assessed at a total of $184,550. The property's total market value has been marked the same as the total assessed value which is pretty typical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 2
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Building Quality: D
  • Building Style: Unknown
  • Exterior Walls Type: Concrete
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 214
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 3,886
  • Total Building Area: 1,415
  • Gross Building Area: 1,415
  • Building Area: 1,186
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,186
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ISLANDS PH 4
  • Land Acres: 0.89
  • Standard Land Use Code: Single family residential
  • Legal Description 1: THE ISLANDS PHASE 4 35/89 LOT 75B

Ownership

  • Current Owner : GIMENEZ CARLOS
  • Previous Owner : VEGA ROSA PABON
  • Owner Before Previous Owner: CRISTANCHO WILLIAM MANUEL
  • Owner Before Previous Owner 2: FIGUEROA SANDRA PATRICIA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Orange County School District
  • School Tax School District: 0232 0335 3112
  • Census Tract: 016713

Zoning

  • Zoning: RSTD R-2

Geography

  • Assessors Map Reference: 252C
  • Subdivision Phase Number: 4
  • Subdivision Tract Number: 3873
  • Parcel: 19-22-31-3873-00-755
  • Lot: 75B
  • Meridian: SEC 19 TWN 22S RNG 31E
  • Municipality: UN-INCORPORATED
  • Latitude: 28.5568
  • Longitude: -81.2604

    Address

  • Full Address: 1040 Vista Palma Way
  • Address - House Number: 1040
  • Address - Street Name: Vista Palma
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Orlando
  • Carrier Code: C041
  • 4-Digit Zip Code: 6381
  • Zip Code: 32825

Valuation

    Tax

  • Total Area: 1,297
  • Tax Year: 2023
  • Tax Amount: $3,958
  • Tax Rate Code Area: 11-ORG

    Appraisal Valuation

  • Standard Deviation: 0.1769
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 77
  • Final Value: 346,648
  • High Value: 407,972
  • Low Value: 285,324

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $169,600
  • First Open Lien Mortgage Lender: RESMAE MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Oct 20, 2006
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $169,600
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Balloon
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2036

    Market Valuation

  • Market Total Value: $269,550
  • Market Land Value: $85,000
  • Market Improvement Value: $184,550

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $269,550
  • Assessed Land Value: $85,000
  • Assessed Improvements Value: $184,550

    Sales

  • Current Sale Contract Date: Oct 13, 2006
  • Current Sale Recording Date: Oct 20, 2006
  • Current Sale Transaction ID: 1076328504
  • Current Sale Price: $212,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20060694172
  • Previous Sale Recording Date: Jun 16, 2005
  • Previous Sale Contract Date: Jun 01, 2005
  • Previous Sale Amount: $160,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: RESMAE MORTGAGE CORP
  • First Mortgage Transaction Date: Oct 20, 2006
  • First Mortgage Loan Amount: $169,600
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Balloon
  • First Mortgage Loan Due Date: Nov 01, 2036

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: OPTEUM FINANCIAL SERVICES LLC
  • Previous Mortgage Transaction Date: Jun 16, 2005
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $144,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Jun 01, 2035

About The Islands of Valencia



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Frequently Asked Questions

What neighborhood is 1040 Vista Palma Way located in?
The 1040 Vista Palma Way is a located in the neighborhood of The Islands of Valencia in The Islands of Valencia, Orlando.
What is the average sales price for listings in 1040 Vista Palma Way?
The average sales price for units in 1040 Vista Palma Way is $0 currently.

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