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1055 Palama Way

1055 Palama Way, Lake Worth, FL 33462
Property in Sea Pines
Sold Mar 13, 2018
$305,000
$27,000 by Gold Star Mortgage Financial G
Mortgage Due Apr 01, 2048
Sold Aug 08, 2002
$183,000
$146,400 by Americas Wholesale Lndr
Mortgage Due Aug 01, 2032
1055 Palama Way has been categorized by the local assessors in Lake Worth, FL as a residential type of property. The building on the property was first built in 1987 and is 37 years old. The home has a total of 3 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1055 Palama Way has 1,668 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 13,308 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 594 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying both a unknown and a unknown. Love to swim? You'll be excited to find out that there is a pool on the property. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with masonry control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The building has a gable or hip style roof made of asphalt. The exterior walls of the building are made of concrete block. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with electricity. 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, 1055 Palama Way was last sold in Mar 5, 2018 for $305,000. According to our calculations, that's $116.50 per sqft. Prior to that sales transaction, the property was sold for $183,000 in Jul 22, 2002. Current property owners are expected to pay $3,875 in taxes per year. The property on 1055 Palama Way was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $207,681. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Exterior Walls Type: Concrete block
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 594
  • Parking Space Count: 2
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 13,308
  • Lot Size Frontage Feet: 1,310
  • Total Building Area: 2,618
  • Gross Building Area: 2,618
  • Building Area: 1,668
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,668
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MADDOCK ADDITION PLAT 3
  • Land Acres: 0.306
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MADDOCK ADDITION PLAT 3 LT 29 & LT 30 (LESS WLY 43.93 FT) BLK 5

Ownership

  • Current Owner : LOPEZ LUIS
  • Previous Owner : ALJURE GARCIA AGUSTIN
  • Previous Owner 2: ANGEL LILIANA
  • Owner Before Previous Owner: WEILER DAVID K
  • Owner Before Previous Owner 2: WEILER SUSAN J
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Palm Beach County School District
  • Census Tract: 005502

Zoning

  • Zoning: R3

Geography

  • Assessors Map Reference: 282
  • Parcel: 40-43-45-04-17-005-0290
  • Block: 5
  • Lot: 29,30
  • Meridian: SEC 04 TWN 45S RNG 43E
  • Municipality: LANTANA
  • Latitude: 26.5759
  • Longitude: -80.0639

    Address

  • Full Address: 1055 Palama Way
  • Address - House Number: 1055
  • Address - Street Name: Palama
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Lantana
  • Carrier Code: C001
  • 4-Digit Zip Code: 4146
  • Zip Code: 33462

Valuation

    Tax

  • Total Area: 2,036
  • Tax Year: 2022
  • Tax Amount: $3,875
  • Tax Rate Code Area: 40537

    Appraisal Valuation

  • Standard Deviation: 0.2058
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 72
  • Final Value: 531,451
  • High Value: 640,869
  • Low Value: 422,033

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $27,000
  • First Open Lien Mortgage Lender: GOLD STAR MORTGAGE FINANCIAL G
  • First Open Lien Mortgage Recording Date: Mar 13, 2018
  • First Open Lien Mortgage Loan Amount: $27,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2048

    Market Valuation

  • Market Total Value: $361,952
  • Market Land Value: $204,918
  • Market Improvement Value: $157,034

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $207,681

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 05, 2018
  • Current Sale Recording Date: Mar 13, 2018
  • Current Sale Transaction ID: 11434825416
  • Current Sale Price: $305,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20180095252
  • Previous Sale Recording Date: Aug 08, 2002
  • Previous Sale Contract Date: Jul 22, 2002
  • Previous Sale Amount: $183,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GOLD STAR MORTGAGE FINANCIAL G
  • First Mortgage Transaction Date: Mar 13, 2018
  • First Mortgage Loan Amount: $27,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2048

    Previous Mortgages

  • Previous Mortgage Lender: AMERICAS WHOLESALE LNDR
  • Previous Mortgage Transaction Date: Aug 08, 2002
  • Previous Mortgage Loan Amount: $146,400
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Aug 01, 2032

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Frequently Asked Questions

What neighborhood is 1055 Palama Way located in?
The 1055 Palama Way is a located in the neighborhood of Sea Pines in Sea Pines, Lake Worth.
What is the average sales price for listings in 1055 Palama Way?
The average sales price for units in 1055 Palama Way is $0 currently.

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