See Home Value
$540,000 - $658,000
House - Off Market

1314 S Palmway

Lake Worth Beach, FL 33460
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1741 Sqft
Sold Feb 21, 2024
$540,000
Sold Aug 15, 2022
$490,000
$592,000 by Mickelson Sheldon
Mortgage

About This Property

SELLER FINANCING AVAIL! LOCATION! This is a MULTI-MILLION DOLLAR neighborhood and this home is primed for your design.  The property, acquired for $490,000, underwent substantial structural enhancements costing over $120,000 by the previous investor. This rehab property fronts Palmway with the driveway on S Lakeside Drive with intracoastal view across the street. The roof was replaced 7 years ago and the rebuild on the interior has been started. Wood studs are installed and ready for construction to be done. Following a site inspection on 1/19/2024, an engineer approved the completed work. Plans are underway, with the engineer preparing essential paperwork for a comprehensive project plan. The home is a complete rehab and is a cash only purchase.

The manager has listed the unit size as 1741 square feet.
Unit Size
1,741Ft²
Days on Market
-
Land Size
-
Price per sqft
$344
Property Type
House
Property Taxes
$908
HOA Dues
-
Year Built
1918

Price History

Date / Event Date Event Price
Jun 7, 2024 No longer available -
No longer available
Feb 21, 2024 Sold to Sheldon Mickelson $540,000
Sold to Sheldon Mickelson
Jan 24, 2024 Listed $599,000
Listed
Aug 15, 2022 Sold $490,000
Sold
Jul 27, 2022 No longer available -
No longer available
Show More

Property Highlights

Fireplace
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1918
  • Effective Year Built: 1980
  • Building Count: 1
  • Bedroom Count: 4
  • 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: Plaster
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 7,501
  • Lot Size Depth Feet: 150
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,804
  • Gross Building Area: 1,804
  • Building Area: 1,741
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,741
  • Heating Fuel Type: None

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TO TOWN OF LAKE WORTH
  • Land Acres: 0.172
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ADD 1 TO TOWN OF LAKE WORTH LT 5 BLK 68

Ownership

  • Current Owner : MICKELSON SHELDON
  • Previous Owner : GELDZAHLER ESTHER
  • Owner Before Previous Owner: RUSSELL ROBERT W
  • Owner Before Previous Owner 2: RUSSELL SHARON E
  • Ownership Rights Codes: Married Man as his sole & separate property

Neighborhood

  • School District Name: Palm Beach County School District
  • Census Tract: 005300

Zoning

  • Zoning: SFR

Geography

  • Assessors Map Reference: 254
  • Parcel: 38-43-44-27-01-068-0050
  • Block: 68
  • Lot: 5
  • Meridian: SEC 27 TWN 44S RNG 43E
  • Municipality: LAKE WORTH
  • Latitude: 26.5994
  • Longitude: -80.0511

    Address

  • Full Address: 1314 S Palmway
  • Address - House Number: 1314
  • Street Direction: S
  • Address - Street Name: Palmway
  • State: FL
  • City Name: Lake Worth Beach
  • Carrier Code: C024
  • 4-Digit Zip Code: 5608
  • Zip Code: 33460

Valuation

    Tax

  • Total Area: 1,731
  • Tax Year: 2022
  • Tax Amount: $3,271
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 38457

    Appraisal Valuation

  • Standard Deviation: 0.086
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 93
  • Final Value: 580,008
  • High Value: 629,919
  • Low Value: 530,098

    Market Valuation

  • Market Total Value: $402,514
  • Market Land Value: $232,500
  • Market Improvement Value: $170,014

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $164,711

    Sales

  • Current Sale Contract Date: Feb 14, 2024
  • Current Sale Recording Date: Feb 21, 2024
  • Current Sale Transaction ID: 11922317499
  • Current Sale Price: $540,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 57541
  • Previous Sale Recording Date: Aug 15, 2022
  • Previous Sale Contract Date: Aug 12, 2022
  • Previous Sale Amount: $490,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: MICKELSON SHELDON
  • Previous Mortgage Transaction Date: Aug 15, 2022
  • Previous Mortgage Loan Amount: $592,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Balloon



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
2 Baths
1,566 ft²
$317/ft²
$497,000 Sep 11, 2023
$497,000 Oct 30, 2023
$531/mo
House
3 Beds
2 Baths
1,340 ft²
$448/ft²
$600,000 Dec 13, 2023
$600,000 Jan 16, 2024
$876/mo
Condo
2 Beds
2 Baths
1,541 ft²
$321/ft²
$495,000 Aug 18, 2023
$495,000 Oct 16, 2023
$1,606/mo
House
4 Beds
2 Baths
1,266 ft²
$395/ft²
$499,999 Nov 6, 2023
-
$400/mo
House
3 Beds
2 Baths
1,597 ft²
$313/ft²
$500,000 Jan 3, 2024
-
$609/mo
House
3 Beds
2 Baths
1,465 ft²
$477/ft²
$699,000 Nov 14, 2023
-
$505/mo
Multifamily
Stu
-
1,664 ft²
$300/ft²
$500,000 Jan 3, 2024
-
$486/mo
Condo
2 Beds
2 Baths
1,500 ft²
$453/ft²
$679,000 Oct 4, 2023
-
$2,147/mo
Condo
2 Beds
2 Baths
1,402 ft²
$392/ft²
$549,000 Oct 19, 2023
-
$1,428/mo
Condo
2 Beds
2 Baths
1,384 ft²
$411/ft²
$569,000 Jan 23, 2024
-
$1,920/mo
Condo
2 Beds
2 Baths
1,500 ft²
$358/ft²
$536,500 Nov 27, 2023
-
$1,809/mo
Condo
2 Beds
2 Baths
1,290 ft²
$465/ft²
$600,000 Oct 3, 2023
-
$1,692/mo

About South Palm Park


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Frequently Asked Questions

When was property at 1314 South Palmway built and last sold?
The property at 1314 South Palmway was built in 1918 and last sold on Feb 14, 2024 for $540,000.
How much is this home worth?
The estimated value of the home located at 1314 South Palmway is $607,656.
What are some comparable homes to 1314 South Palmway?
Homes that are comparable to 1314 South Palmway include a house property at 1432 South J Street, 120 North Oak Street, 714 South H Street.

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