by RH Advisors

See Home Value
$285,000
House - Off Market

402 PALM WAY

TAVARES, FL 32778
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2178 Sqft
$300,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

** Multiple Offers are in - please submit highest and best offers by 5 pm 11/7/23 - Discover the epitome of Florida living in the spacious four bedroom, three bath Florida-style home. With a circular driveway, an expansive floor plan, tile and laminate throughout, this centrally located, oversized property offers both convenience and functionality. Enjoy the Florida sunshine in your oversized screened-in pool, perfect for year-round outdoor entertaining. The stainless steel appliances in the kitchen add a modern touch with an oversized walk in pantry. Take advantage of your family room or bonus room full of windows and a newer slider leading to the screened in patio which opens to the screened-in pool. In addition, there is opportunity to bring your vision to light with 2 additional bonus rooms...potentially a butlers pantry, extraordinary coffee bar, yoga space, nursery, lots of options. The home is fully fenced, newer liner in the pool and METAL ROOF IN 2019 as well as UPDATED electrical, plumbing and hot water heater!  Located near local amenities, with quick access to highways, this home is a must-see for those seeking the Florida dream lifestyle.
Unit Size
2,178Ft²
Days on Market
68 days
Land Size
0.37 acres
Price per sqft
$138
Property Type
House
Property Taxes
$197
HOA Dues
-
Year Built
1959
Last updated: 6 months ago (Stellar MLS #G5073179)

Price History

Date / Event Date Event Price
Nov 29, 2023 Sold to Jack Salehi $285,000
Sold to Jack Salehi
Nov 8, 2023 In contract -
In contract
Nov 4, 2023 Price Decreased $300,000
↓ $50K (14.3%)
Price Decreased
Oct 14, 2023 Price Decreased $350,000
↓ $25K (6.7%)
Price Decreased
Oct 5, 2023 Price Decreased $375,000
↓ $10K (2.6%)
Price Decreased
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 2013
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Average
  • Construction Type: Frame
  • Exterior Walls Type: Concrete block
  • Roof Cover Type: Metal
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 15,450
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 1,080
  • Total Building Area: 2,178
  • Gross Building Area: 2,178
  • Building Area: 2,178
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,178
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TAVARES LAKEWOOD PARK
  • Land Acres: 0.355
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TAVARES LAKEWOOD PARK LOT 1 BLK R W 1/2 OF VACATED SINCLAIR AV LYING E OF SAID LOT 1 BLK R PB 10 PG 1 ORB 4835 PG 2391

Ownership

  • Current Owner : SALEHI JACK
  • Previous Owner : KELLETT STEVEN BRIAN
  • Previous Owner 2: KELLETT KELLY
  • Owner Before Previous Owner: STILLMAN BROTHERS LLC
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Lake County School District
  • Census Tract: 030803

Zoning

  • Zoning: RSF1

Geography

  • Assessors Map Reference: 58A
  • Account Number: 1378036
  • Subdivision Tract Number: 0700
  • Parcel: 29-19-26-0700-00R-00100
  • Block: R
  • Lot: 1
  • Meridian: SEC 29 TWN 19S RNG 26E
  • Municipality: TAVARES
  • Latitude: 28.8154
  • Longitude: -81.7312

    Address

  • Full Address: 402 Palm Way
  • Address - House Number: 402
  • Address - Street Name: Palm
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Tavares
  • Carrier Code: C001
  • 4-Digit Zip Code: 2124
  • Zip Code: 32778

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,392
  • Tax Rate Code Area: T

    Appraisal Valuation

  • Standard Deviation: 0.2
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 73
  • Final Value: 344,121
  • High Value: 412,961
  • Low Value: 275,281

    Market Valuation

  • Market Total Value: $263,491
  • Market Land Value: $64,628
  • Market Improvement Value: $198,863

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $166,530

    Sales

  • Current Sale Contract Date: Nov 22, 2023
  • Current Sale Recording Date: Nov 29, 2023
  • Current Sale Transaction ID: 11917374691
  • Current Sale Price: $285,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 144561
  • Previous Sale Recording Date: Sep 16, 2016
  • Previous Sale Contract Date: Sep 09, 2016
  • Previous Sale Amount: $175,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: SUMMIT MORTGAGE CORP
  • Previous Mortgage Transaction Date: Sep 16, 2016
  • Previous Mortgage Loan Amount: $145,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Oct 01, 2046



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
1,754 ft²
$165/ft²
$289,000 Aug 12, 2023
$289,000 Sep 22, 2023
$105/mo
House
3 Beds
2 Baths
1,144 ft²
$214/ft²
$245,000 Jul 1, 2023
$245,000 Aug 28, 2023
$24/mo
House
2 Beds
2 Baths
1,336 ft²
$183/ft²
$245,000 Oct 19, 2023
$245,000 Nov 17, 2023
$214/mo
Condo
2 Beds
3 Baths
1,872 ft²
$166/ft²
$310,000 May 21, 2023
$310,000 Nov 17, 2023
$164/mo
House
4 Beds
2 Baths
1,578 ft²
$174/ft²
$275,000 May 15, 2023
-
$159/mo
House
3 Beds
2 Baths
1,671 ft²
$203/ft²
$339,900 Sep 8, 2023
-
$304/mo
House
3 Beds
2 Baths
1,764 ft²
$156/ft²
$275,000 Aug 23, 2023
-
$165/mo
House
3 Beds
2 Baths
1,378 ft²
$178/ft²
$245,000 Sep 20, 2023
-
$198/mo
Condo
3 Beds
2 Baths
1,567 ft²
$156/ft²
$245,000 Jun 2, 2023
-
$656/mo

About Lakewood Park


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Frequently Asked Questions

When was property at 402 Palm Way built and last sold?
The property at 402 Palm Way was built in 1959 and last sold on Nov 22, 2023 for $285,000.
How much is this home worth?
The estimated value of the home located at 402 Palm Way is $356,444.
What are some comparable homes to 402 Palm Way?
Homes that are comparable to 402 Palm Way include a house property at 1214 Park Avenue, 1306 Park Avenue, 1959 Magnolia Circle.

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