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505 5th Lane

505 5th Lane, Palm Beach Gardens, FL 33418
Townhouse in Garden Lakes
Sold Jul 06, 2020
$265,000
Sold Jul 05, 2018
$245,000
$236,823 by Stearns Lending Llc
Mortgage Due Jul 01, 2048
505 5th Lane in Palm Beach Gardens, FL was first built in 1978 and is 46 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a townhouse style. It is a single story home. There are a total of 0 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 505 5th Lane has 1,596 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 1,464 square feet.

Learn more about the property and building on this page. There is a unknown. The home has a wood truss style roof. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with concrete block control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The exterior walls of the home are made of a combination of material. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. As for heating, the home is utilizing a forced air unit and 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, 505 5th Lane sold most recently in Jun 24, 2020 for a total of $265,000. If you work out the math, that's approximately a cost of $166.04 per sqft. Before that, the property was also sold for $245,000 in Jul 2, 2018. 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 $4,589 in taxes each year. 505 5th Lane was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $227,172. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

Building Features

Exterior

Concrete Exterior

Parking

Assigned Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Quality: C
  • Construction Type: Concrete block
  • Building Style: Townhouse
  • Exterior Walls Type: Combination
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Wood truss
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,464
  • Total Building Area: 1,596
  • Gross Building Area: 1,596
  • Building Area: 1,596
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,596
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GARDEN LAKES & GARDEN SQUARE SHOPS
  • Land Acres: 0.034
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: GARDEN LAKES & GARDEN SQUARE SHOPS LOT 505 TWNHS

Ownership

  • Current Owner : GARFIELD MATTHEW I
  • Previous Owner : GUSCOTT PETEROY ASTON
  • Previous Owner 2: THOMAS KERONE
  • Owner Before Previous Owner: MACGREGOR JAMES F
  • Owner Before Previous Owner 2: MACGREGOR MEIKE

Neighborhood

  • School District Name: Palm Beach County School District
  • Census Tract: 000218

Zoning

  • Zoning: RM

Geography

  • Assessors Map Reference: 61
  • Parcel: 52-42-42-01-04-000-0505
  • Lot: 505
  • Meridian: SEC 01 TWN 42S RNG 42E
  • Municipality: PALM BEACH GARDENS
  • Latitude: 26.844
  • Longitude: -80.1074

    Address

  • Full Address: 505 5th Ln
  • Address - House Number: 505
  • Address - Street Name: 5th
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Palm Beach Gardens
  • Carrier Code: C101
  • 4-Digit Zip Code: 3549
  • Zip Code: 33418

Valuation

    Tax

  • Total Area: 1,596
  • Tax Year: 2022
  • Tax Amount: $4,589
  • Tax Rate Code Area: 52401

    Appraisal Valuation

  • Standard Deviation: 0.2139
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 70
  • Final Value: 435,687
  • High Value: 528,915
  • Low Value: 342,459

    Market Valuation

  • Market Total Value: $257,682
  • Market Improvement Value: $257,682

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $227,172

    Sales

  • Current Sale Contract Date: Jun 24, 2020
  • Current Sale Recording Date: Jul 06, 2020
  • Current Sale Transaction ID: 11773180907
  • Current Sale Price: $265,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20200233445
  • Previous Sale Recording Date: Jul 05, 2018
  • Previous Sale Contract Date: Jul 02, 2018
  • Previous Sale Amount: $245,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: STEARNS LENDING LLC
  • Previous Mortgage Transaction Date: Jul 05, 2018
  • Previous Mortgage Loan Amount: $236,823
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jul 01, 2048

About Garden Lakes



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Frequently Asked Questions

What neighborhood is 505 5th Lane located in?
The 505 5th Lane is a townhouse located in the neighborhood of Garden Lakes in Garden Lakes, Palm Beach Gardens.
What is the average sales price for listings in 505 5th Lane?
The average sales price for units in 505 5th Lane is $0 currently.

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