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307 North Federal Highway

307 North Federal Highway, Lake Worth, FL 33460
Sold Jul 16, 2018
$250,000
$476,250 by Interfirst Mortgage Company
Mortgage Due Jul 01, 2052
Sold Jun 07, 2013
$45,000
307 North Federal Highway 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 1902 and is 122 years old. However, we must point out that the home was most recently renovated and altered in 1990. The home has a total of 3 bedrooms. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 307 North Federal Highway has 1,644 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 6,504 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. 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 wood 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 flat style roof made of asphalt and ply sheets in a built-up roof style. The exterior walls of the building are made of stucco. While the interior walls have been made of plaster. 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. The property was last sold in Jul 11, 2018 for $250,000. That's $141.72 per sqft. Prior to that sales transaction, the property was also sold in Apr 16, 2013 for $45,000. 307 North Federal Highway was last assessed in 2022. The total value of the property was assessed at $229,199. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $5,754. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1902
  • Effective Year Built: 1990
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Exterior Walls Type: Stucco
  • Interior Walls Type: Plaster
  • Roof Shape Type: Flat
  • Roof Cover Type: Built-up
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 6,504
  • Total Building Area: 1,764
  • Gross Building Area: 1,764
  • Building Area: 1,644
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,644
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TOWN OF LAKE WORTH
  • Land Acres: 0.149
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TOWN OF LAKE WORTH LT 15 /LESS E 5 FT SR R/W/ BLK 94

Ownership

  • Current Owner : CREATIVE LIFESTYLES LLC
  • Previous Owner : SOVOCOOL CAROLE A
  • Owner Before Previous Owner: SOVOCOOL JOHN
  • Owner Before Previous Owner 2: SOVOCOOL CAROL A
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Jan 11, 2024

Neighborhood

  • School District Name: Palm Beach County School District
  • Census Tract: 005203

Zoning

  • Zoning: MU-E

Geography

  • Assessors Map Reference: 242
  • Parcel: 38-43-44-21-15-094-0150
  • Block: 94
  • Lot: 15
  • Meridian: SEC 21 TWN 44S RNG 43E
  • Municipality: LAKE WORTH
  • Latitude: 26.6192
  • Longitude: -80.0525

    Address

  • Full Address: 307 N Federal Hwy
  • Address - House Number: 307
  • Street Direction: N
  • Address - Street Name: Federal
  • Address - Suffix Type: Hwy
  • State: FL
  • City Name: Lake Worth Beach
  • Carrier Code: C007
  • 4-Digit Zip Code: 3439
  • Zip Code: 33460

Valuation

    Tax

  • Total Area: 1,647
  • Tax Year: 2022
  • Tax Amount: $5,754
  • Tax Rate Code Area: 38453

    Appraisal Valuation

  • Standard Deviation: 0.0858
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 93
  • Final Value: 915,860
  • High Value: 994,524
  • Low Value: 837,195

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $819,250
  • First Open Lien Mortgage Lender: INTERFIRST MORTGAGE COMPANY
  • First Open Lien Mortgage Recording Date: Jun 08, 2022
  • First Open Lien Mortgage Loan Amount: $476,250
  • 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: Jul 01, 2052
  • Second Open Lien Mortgage Lender: RECOVO MORTGAGE MANAGEMENT LLC
  • Second Open Lien Mortgage Recording Date: May 02, 2019
  • Second Open Lien Mortgage Financing Type: Adjustable Rate
  • Second Open Lien Mortgage Loan Amount: $343,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Interest Rate Type: Y
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Second Open Lien Mortgage Loan Due Date: May 01, 2049

    Market Valuation

  • Market Total Value: $236,784
  • Market Land Value: $72,237
  • Market Improvement Value: $164,547

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $229,199

    Sales

  • Current Sale Contract Date: Jul 11, 2018
  • Current Sale Recording Date: Jul 16, 2018
  • Current Sale Transaction ID: 11485205266
  • Current Sale Price: $250,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20180274814
  • Previous Sale Recording Date: Jun 07, 2013
  • Previous Sale Contract Date: Apr 16, 2013
  • Previous Sale Amount: $45,000
  • Previous Sale Document Type: Intrafamily Transfer & Dissolution

    Last Sale Mortgage

  • First Mortgage Lender: GROUNDFLOOR HOLDINGS GA LLC
  • First Mortgage Transaction Date: Jul 16, 2018
  • First Mortgage Loan Amount: $259,070
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

About Mango Groves



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Frequently Asked Questions

What neighborhood is 307 North Federal Highway located in?
The 307 North Federal Highway is a house located in the neighborhood of Mango Groves in Mango Groves, Lake Worth.
What is the average sales price for listings in 307 North Federal Highway?
The average sales price for units in 307 North Federal Highway is $0 currently.

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