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601 North Palmway

601 North Palmway, Lake Worth, FL 33460
Property in Parrot Cove
Sold Aug 04, 2015
$234,900
$230,644 by Flagstar Bank Fsb
Mortgage Due Aug 01, 2045
Sold Dec 23, 2014
$63,500
601 North Palmway has been categorized by the local assessors in Lake Worth, FL as a residential type of property. The building on the property was first built in 1949 and is 75 years old. However, we must point out that the home was most recently renovated and altered in 1985. The home has a total of 3 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 601 North Palmway has 1,659 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 130 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 6,752 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying both a unknown and a unknown. Love to swim? You'll be excited to find out that there is a pool on the property. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with masonry control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The building has a gable or hip style roof made of concrete. The exterior walls of the building are made of concrete block. While the interior walls have been made of plaster. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with electricity. The property was last sold in Jul 28, 2015 for $234,900. That's $135.70 per sqft. Prior to that sales transaction, the property was also sold in Dec 12, 2014 for $63,500. 601 North Palmway was last assessed in 2022. The total value of the property was assessed at $249,207. 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 $5,187. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! 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: 1949
  • 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: Concrete
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 6,752
  • Lot Size Depth Feet: 130
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,731
  • Gross Building Area: 1,731
  • Building Area: 1,659
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,659
  • 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 16 BLK 168

Ownership

  • Current Owner : FEDERICO ASHLEY E
  • Previous Owner : ROMKEY MICHAEL
  • Previous Owner 2: WILLA FLOY OSWALT REAL PROPERT
  • Owner Before Previous Owner: ROMKEY MICHAEL
  • Owner Before Previous Owner 2: ALEXANDER MELINDA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Palm Beach County School District
  • Census Tract: 005300

Zoning

  • Zoning: SFR

Geography

  • Assessors Map Reference: 242
  • Parcel: 38-43-44-21-15-168-0160
  • Block: 168
  • Lot: 16
  • Meridian: SEC 21 TWN 44S RNG 43E
  • Municipality: LAKE WORTH
  • Latitude: 26.6226
  • Longitude: -80.0504

    Address

  • Full Address: 601 N Palmway
  • Address - House Number: 601
  • Street Direction: N
  • Address - Street Name: Palmway
  • State: FL
  • City Name: Lake Worth Beach
  • Carrier Code: C004
  • 4-Digit Zip Code: 3126
  • Zip Code: 33460

Valuation

    Tax

  • Total Area: 1,675
  • Tax Year: 2022
  • Tax Amount: $5,187
  • Tax Rate Code Area: 38453

    Appraisal Valuation

  • Standard Deviation: 0.1963
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 73
  • Final Value: 696,350
  • High Value: 833,079
  • Low Value: 559,621

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $230,644
  • First Open Lien Mortgage Lender: FLAGSTAR BANK FSB
  • First Open Lien Mortgage Recording Date: Aug 04, 2015
  • First Open Lien Mortgage Loan Amount: $230,644
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2045

    Market Valuation

  • Market Total Value: $404,214
  • Market Land Value: $189,000
  • Market Improvement Value: $215,214

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $249,207

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 28, 2015
  • Current Sale Recording Date: Aug 04, 2015
  • Current Sale Transaction ID: 1246223786
  • Current Sale Price: $234,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20150288445
  • Previous Sale Recording Date: Dec 23, 2014
  • Previous Sale Contract Date: Dec 12, 2014
  • Previous Sale Amount: $63,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FLAGSTAR BANK FSB
  • First Mortgage Transaction Date: Aug 04, 2015
  • First Mortgage Loan Amount: $230,644
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Aug 01, 2045

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Frequently Asked Questions

What neighborhood is 601 North Palmway located in?
The 601 North Palmway is a located in the neighborhood of Parrot Cove in Parrot Cove, Lake Worth.
What is the average sales price for listings in 601 North Palmway?
The average sales price for units in 601 North Palmway is $0 currently.

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