See Home Value
$306,000 - $374,000
House - Off Market

505 S Federal Highway

Lake Worth, FL 33460
bedrooms
2 Beds
bathrooms
1.5 Baths, 1 Half Bath
square feet
904 Sqft
Sold Aug 14, 2013
$120,000
$180,000 by Universal Mortgage & Finance I
Mortgage Due Feb 01, 2049
Sold Oct 10, 2012
$65,000

About This Property

This is a cute home in a thriving area. This home is near the city center for lakeworth.  This is minutes from the intercoastal and near local area beaches.  The zoning on this home provides the new owner variety of options as it is zoned as a Mixed Use Property (MU-FH).This matter in currently in Probate and FCL was just reopened. Will file a Petition to Authorize Sale on the accepted contract. PLEASE SEND OFFERS WITH Proof of Funds.  WE ARE INTERESTED IN CASH OFFERS ONLY!!!

The manager has listed the unit size as 904 square feet.
Unit Size
904Ft²
Days on Market
-
Land Size
-
Price per sqft
$376
Property Type
House
Property Taxes
$316
HOA Dues
-
Year Built
1951

Price History

Date / Event Date Event Price
Dec 2, 2023 No longer available -
No longer available
Nov 3, 2023 Relisted $340,000
Relisted
Aug 3, 2023 No longer available -
No longer available
Jun 28, 2023 Price Decreased $340,000
↓ $10K (2.9%)
Price Decreased
Jun 23, 2023 Relisted $350,000
Relisted
Show More

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1985
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • 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: 1
  • Living Units: 1
  • Floor Cover: Tile
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 214
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 3,267
  • Lot Size Depth Feet: 670
  • Lot Size Frontage Feet: 530
  • Total Building Area: 1,130
  • Gross Building Area: 1,130
  • Building Area: 904
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 904
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LAKE WORTH TOWN OF ADD
  • Land Acres: 0.075
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LAKE WORTH TOWN OF ADD 1 WLY 73.97 FT OF LT 11 BLK 2

Ownership

  • Current Owner : STEPP ROGER LEE
  • Previous Owner : NEW HORIZONS PROPERTIES OF SOUTH FLORIDA
  • Owner Before Previous Owner: MEARS STEVEN C
  • Owner Before Previous Owner 2: MEARS DIANE M
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag Date: Mar 27, 2024

Neighborhood

  • School District Name: Palm Beach County School District
  • Census Tract: 005202

Zoning

  • Zoning: MU-FH

Geography

  • Assessors Map Reference: 254
  • Parcel: 38-43-44-27-01-002-0110
  • Block: 2
  • Lot: 11
  • Meridian: SEC 27 TWN 44S RNG 43E
  • Municipality: LAKE WORTH
  • Latitude: 26.6096
  • Longitude: -80.0525

    Address

  • Full Address: 505 S Federal Hwy
  • Address - House Number: 505
  • Street Direction: S
  • Address - Street Name: Federal
  • Address - Suffix Type: Hwy
  • State: FL
  • City Name: Lake Worth Beach
  • Carrier Code: C019
  • 4-Digit Zip Code: 4642
  • Zip Code: 33460

Valuation

    Tax

  • Total Area: 940
  • Tax Year: 2022
  • Tax Amount: $3,787
  • Tax Rate Code Area: 38453

    Appraisal Valuation

  • Standard Deviation: 0.0862
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 93
  • Final Value: 317,392
  • High Value: 344,770
  • Low Value: 290,014

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $180,000
  • First Open Lien Mortgage Lender: UNIVERSAL MORTGAGE & FINANCE I
  • First Open Lien Mortgage Recording Date: Feb 01, 2019
  • First Open Lien Mortgage Loan Amount: $180,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2049

    Market Valuation

  • Market Total Value: $144,655
  • Market Land Value: $56,127
  • Market Improvement Value: $88,528

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $144,655

    Sales

  • Current Sale Contract Date: Aug 09, 2013
  • Current Sale Recording Date: Aug 14, 2013
  • Current Sale Transaction ID: 11447810576
  • Current Sale Price: $120,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20130362035
  • Previous Sale Recording Date: Oct 10, 2012
  • Previous Sale Contract Date: Oct 05, 2012
  • Previous Sale Amount: $65,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PRIMARY RESIDENTIAL MORTGAGE I
  • First Mortgage Transaction Date: Aug 14, 2013
  • First Mortgage Loan Amount: $120,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Sep 01, 2043



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
1 Bath
1,239 ft²
$250/ft²
$310,000 Nov 7, 2022
$310,000 Oct 6, 2023
$293/mo
House
2 Beds
2 Baths
885 ft²
$337/ft²
$298,000 Oct 9, 2023
-
$292/mo
House
2 Beds
1 Bath
760 ft²
$520/ft²
$395,000 Sep 4, 2023
-
$271/mo
House
2 Beds
2 Baths
1,107 ft²
$361/ft²
$399,999 Aug 18, 2023
-
$374/mo
House
2 Beds
2 Baths
720 ft²
$556/ft²
$400,000 Sep 13, 2023
-
$366/mo
House
2 Beds
1 Bath
1,158 ft²
$242/ft²
$280,000 Nov 3, 2023
-
$71/mo
House
3 Beds
1 Bath
960 ft²
$365/ft²
$350,000 Sep 6, 2023
-
$266/mo
House
3 Beds
1 Bath
936 ft²
$426/ft²
$399,000 Apr 9, 2022
-
$274/mo
Condo
2 Beds
2 Baths
1,060 ft²
$273/ft²
$289,000 Sep 26, 2023
-
$1,014/mo
Condo
2 Beds
2 Baths
1,064 ft²
$282/ft²
$299,900 Nov 1, 2023
-
$920/mo
House
3 Beds
2 Baths
790 ft²
$506/ft²
$399,999 Sep 26, 2023
-
$451/mo
Condo
2 Beds
2 Baths
1,105 ft²
$361/ft²
$399,000 Oct 31, 2023
-
$1,515/mo

About Downtown Jewel


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Frequently Asked Questions

When was property at 505 South Federal Highway built and last sold?
The property at 505 South Federal Highway was built in 1951 and last sold on Aug 9, 2013 for $120,000.
How much is this home worth?
The estimated value of the home located at 505 South Federal Highway is $346,142.
What are some comparable homes to 505 South Federal Highway?
Homes that are comparable to 505 South Federal Highway include a house property at 8 South C Street, 108 South K Street, 710 South Pine Street.

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