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5361 Palm Way

5361 Palm Way, Lake Worth, FL 33463
Property in Biltmore Terrace
Sold Aug 28, 2020
$565,000
$504,000 by Everett Financial Inc
Mortgage Due Sep 01, 2050
Sold Sep 24, 2014
$115,100
$185,000 by Pnc Mortgage Llc
Mortgage Due Sep 01, 2029
5361 Palm Way in Lake Worth, FL was first built in 1992 and is 32 years old. Although, the building on the property was most recently renovated and altered in 2007. This has been categorized as a residential property type. It is a single story home. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 5361 Palm Way has 3,017 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. The linear feet across the front of the lot is 830 ft and the linear feet between the front and back of the lot is 2,800. In total, the area measurement of the land is 23,235 square feet.

Learn more about the property and building on this page. There is a screened porch and a screened patio. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. The home has a gable or hip style roof made of asphalt. For those who need parking, there is a attached garage. The garage is 484 sqft. There are a total of 2 available parking spaces. 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 wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of D. The condition of the building has been evaluated as average. The exterior walls of the home are made of stucco. 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. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a forced air unit and being fueled with electricity. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Aug 13, 2020 for $565,000. That's $141.75 per sqft. Prior to that sales transaction, the property was also sold in Jul 30, 2014 for $115,100. 5361 Palm Way was last assessed in 2023. The total value of the property was assessed at $462,835. 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 $7,372. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 1992
  • Effective Year Built: 2007
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Wood
  • Exterior Walls Type: Stucco
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Tile
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 484
  • Parking Space Count: 2
  • Patio Type: Patio - screened
  • Porch Type: Screened porch
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 23,235
  • Lot Size Depth Feet: 2,800
  • Lot Size Frontage Feet: 830
  • Total Building Area: 3,986
  • Gross Building Area: 3,986
  • Building Area: 3,017
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 3,017
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BILTMORE TERRACE 1ST ADD
  • Land Acres: 0.533
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BILTMORE TERRACE 1ST ADD UNREC~ LOT 92

Ownership

  • Current Owner : RIOS JULIAN A
  • Current Owner 2: HENAO MARIA
  • Previous Owner : ALLMON DAYMON P
  • Previous Owner 2: ALLMON OLIVIA
  • Owner Before Previous Owner: ALLMON DAYMON P
  • Owner Before Previous Owner 2: ALLMON OLIVIA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Palm Beach County School District
  • Census Tract: 005918

Zoning

  • Zoning: AR

Geography

  • Assessors Map Reference: 286
  • Parcel: 00-42-45-11-01-000-0920
  • Lot: 92
  • Meridian: SEC 11 TWN 45S RNG 42E
  • Municipality: UNINCORPORATED
  • Latitude: 26.5623
  • Longitude: -80.1286

    Address

  • Full Address: 5361 Palm Way
  • Address - House Number: 5361
  • Address - Street Name: Palm
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Lake Worth
  • Carrier Code: R002
  • 4-Digit Zip Code: 8024
  • Zip Code: 33463

Valuation

    Tax

  • Total Area: 3,397
  • Tax Year: 2023
  • Tax Amount: $7,372
  • Tax Rate Code Area: 203

    Appraisal Valuation

  • Standard Deviation: 0.1714
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 852,851
  • High Value: 999,033
  • Low Value: 706,670

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $619,000
  • First Open Lien Mortgage Lender: EVERETT FINANCIAL INC
  • First Open Lien Mortgage Recording Date: Aug 28, 2020
  • First Open Lien Mortgage Loan Amount: $504,000
  • 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: Sep 01, 2050
  • Second Open Lien Mortgage Lender: SPRING EQ LLC
  • Second Open Lien Mortgage Recording Date: Mar 28, 2022
  • Second Open Lien Mortgage Loan Amount: $115,000
  • Second Open Lien Mortgage Term: 240
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Apr 01, 2042

    Market Valuation

  • Market Total Value: $577,234
  • Market Land Value: $217,990
  • Market Improvement Value: $359,244

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $462,835

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 13, 2020
  • Current Sale Recording Date: Aug 28, 2020
  • Current Sale Transaction ID: 11785509572
  • Current Sale Price: $565,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20200316113
  • Previous Sale Recording Date: Sep 24, 2014
  • Previous Sale Contract Date: Jul 30, 2014
  • Previous Sale Amount: $115,100
  • Previous Sale Document Type: Intrafamily Transfer & Dissolution

    Last Sale Mortgage

  • First Mortgage Lender: EVERETT FINANCIAL INC
  • First Mortgage Transaction Date: Aug 28, 2020
  • First Mortgage Loan Amount: $504,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: PNC MORTGAGE LLC
  • Previous Mortgage Transaction Date: Sep 24, 2014
  • Previous Mortgage Loan Amount: $185,000
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Sep 01, 2029

About Biltmore Terrace



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Frequently Asked Questions

What neighborhood is 5361 Palm Way located in?
The 5361 Palm Way is a located in the neighborhood of Biltmore Terrace in Biltmore Terrace, Lake Worth.
What is the average sales price for listings in 5361 Palm Way?
The average sales price for units in 5361 Palm Way is $0 currently.

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