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518 South B Street

518 South B Street, Lake Worth, FL 33460
Property in Hope
Sold Feb 10, 2022
$250,000
$360,000 by Space Coast Credit Union
Mortgage Due May 01, 2053
Sold Jun 29, 2017
$190,000
$186,558 by Academy Mortgage Corp
Mortgage Due Jul 01, 2047
Local assessors in Lake Worth, FL have categorized 518 South B Street as a residential type of property. The home was built in 1964 and is 60 years old. It was most recently renovated and altered in 1985. The property's lot size has been calculated to be 6,747 square feet. The linear feet between the front and back of the lot was measured at 1,350 ft and the front of the lot was measured at 500 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 518 South B Street has a total of 1,569 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a carport for those who need a place to park their vehicle. The garage on the property is 273 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with masonry control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a gable or hip style roof that was made of asphalt. Lots of concrete block were used in the construction of the exterior walls of the home. While the walls in the interior have been made of plaster. As for flooring, was the material of choice during construction. Residents rely on central air conditioning for their cooling system. The home's a forced air unit is the primary heating source and it is being fueled with electricity. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 518 South B Street was last sold in Feb 2, 2022 for $250,000. According to our calculations, that's $132.49 per sqft. Prior to that sales transaction, the property was sold for $190,000 in Jun 28, 2017. Current property owners are expected to pay $3,779 in taxes per year. The property on 518 South B Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $178,135. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Parking

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

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1985
  • Building Count: 1
  • Bedroom Count: 3
  • 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: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 273
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,747
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,887
  • Gross Building Area: 1,887
  • Building Area: 1,569
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,569
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TOWN OF LAKE WORTH
  • Land Acres: 0.155
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TOWN OF LAKE WORTH LT 4 BLK 187

Ownership

  • Current Owner : ADVANCE FUNDING LLC
  • Previous Owner : JONATHAN LEE
  • Owner Before Previous Owner: CYGAN MONICA
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Palm Beach County School District
  • Census Tract: 005101

Zoning

  • Zoning: MU-E

Geography

  • Assessors Map Reference: 242
  • Parcel: 38-43-44-21-15-187-0040
  • Block: 187
  • Lot: 4
  • Meridian: SEC 21 TWN 44S RNG 43E
  • Municipality: LAKE WORTH
  • Latitude: 26.6094
  • Longitude: -80.0642

    Address

  • Full Address: 518 S B St
  • Address - House Number: 518
  • Street Direction: S
  • Address - Street Name: B
  • Address - Suffix Type: St
  • State: FL
  • City Name: Lake Worth Beach
  • Carrier Code: C002
  • 4-Digit Zip Code: 4340
  • Zip Code: 33460

Valuation

    Tax

  • Total Area: 1,628
  • Tax Year: 2022
  • Tax Amount: $3,779
  • Tax Rate Code Area: 38453

    Appraisal Valuation

  • Standard Deviation: 0.2244
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 69
  • Final Value: 406,137
  • High Value: 497,278
  • Low Value: 314,996

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $360,000
  • First Open Lien Mortgage Lender: SPACE COAST CREDIT UNION
  • First Open Lien Mortgage Recording Date: Apr 24, 2023
  • First Open Lien Mortgage Loan Amount: $360,000
  • 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: May 01, 2053

    Market Valuation

  • Market Total Value: $260,851
  • Market Land Value: $113,988
  • Market Improvement Value: $146,863

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $178,135

    Sales

  • Current Sale Contract Date: Feb 02, 2022
  • Current Sale Recording Date: Feb 10, 2022
  • Current Sale Transaction ID: 11880770934
  • Current Sale Price: $250,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 64561
  • Previous Sale Recording Date: Jun 29, 2017
  • Previous Sale Contract Date: Jun 28, 2017
  • Previous Sale Amount: $190,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: ACADEMY MORTGAGE CORP
  • Previous Mortgage Transaction Date: Jun 29, 2017
  • Previous Mortgage Loan Amount: $186,558
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jul 01, 2047

About Hope



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Frequently Asked Questions

What neighborhood is 518 South B Street located in?
The 518 South B Street is a located in the neighborhood of Hope in Hope, Lake Worth.
What is the average sales price for listings in 518 South B Street?
The average sales price for units in 518 South B Street is $0 currently.

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