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701 Malaga Drive

701 Malaga Drive, Boca Raton, FL 33432
Property in Boca Raton
Sold Apr 29, 2016
$85,000
$495,000 by Mclean Mortgage Corp
Mortgage Due Apr 01, 2051
Sold Jun 02, 2011
Transfer
Local assessors in Boca Raton, FL have categorized 701 Malaga Drive as a residential type of property. The home was built in 1972 and is 52 years old. It was most recently renovated and altered in 2000. The property's lot size has been calculated to be 9,766 square feet. The linear feet between the front and back of the lot was measured at 1,100 ft and the front of the lot was measured at 650 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 3 full bathrooms. There are also 3 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 701 Malaga Drive has a total of 2,255 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 attached garage for those who need a place to park their vehicle. The garage on the property is 560 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a open porch and a screened patio so you'll have great options in both the front and back of the home. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. 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 - D. The building has a flat style roof that was made of concrete. Lots of brick 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. 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, 701 Malaga Drive sold most recently in Apr 26, 2016 for a total of $85,000. If you work out the math, that's approximately a cost of $25.54 per sqft. 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 $13,130 in taxes each year. The initial year of tax delinquency occurred in 2020. 701 Malaga Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $785,763. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 2000
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Masonry
  • Exterior Walls Type: Brick
  • Interior Walls Type: Plaster
  • Roof Shape Type: Flat
  • Roof Cover Type: Concrete
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 560
  • Parking Space Count: 2
  • Patio Type: Patio - screened
  • Porch Type: Open porch
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 9,766
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 650
  • Total Building Area: 3,328
  • Gross Building Area: 3,328
  • Building Area: 2,255
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,255
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SPANISH RIVER LAND CO SUB
  • Land Acres: 0.224
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SPANISH RIVER LAND CO SUB UNIT 3 LT 8 BLK 4

Ownership

  • Current Owner : FLETCHER STEPHEN A
  • Current Owner 2: FLETCHER DAWN M
  • Previous Owner : PSUE ENTERPRISES LLC
  • Owner Before Previous Owner: DILLEY JERAMY A
  • Owner Before Previous Owner 2: DILLEY PAMELA S
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Palm Beach County School District
  • Census Tract: 007420

Zoning

  • Zoning: R-1-A

Geography

  • Assessors Map Reference: 434
  • Parcel: 06-43-47-32-02-004-0080
  • Block: 4
  • Lot: 8
  • Meridian: SEC 32 TWN 47S RNG 43E
  • Municipality: BOCA RATON
  • Latitude: 26.3242
  • Longitude: -80.0787

    Address

  • Full Address: 701 Malaga Dr
  • Legal Unit: 3
  • Address - House Number: 701
  • Address - Street Name: Malaga
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Boca Raton
  • Carrier Code: C010
  • 4-Digit Zip Code: 8147
  • Zip Code: 33432

Valuation

    Tax

  • Total Area: 2,650
  • Tax Year: 2023
  • Tax Amount: $13,130
  • Intital Tax Deliquent Year: 2020
  • Tax Rate Code Area: 6154

    Appraisal Valuation

  • Standard Deviation: 0.2005
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 73
  • Final Value: 1,852,980
  • High Value: 2,224,637
  • Low Value: 1,481,324

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $495,000
  • First Open Lien Mortgage Lender: MCLEAN MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Mar 25, 2021
  • First Open Lien Mortgage Loan Amount: $495,000
  • 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: Apr 01, 2051

    Market Valuation

  • Market Total Value: $1,396,394
  • Market Land Value: $1,068,565
  • Market Improvement Value: $327,829

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $785,763

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 26, 2016
  • Current Sale Recording Date: Apr 29, 2016
  • Current Sale Transaction ID: 1876053320
  • Current Sale Price: $85,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20160150078
  • Previous Sale Recording Date: Jun 02, 2011
  • Previous Sale Contract Date: May 24, 2011
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PLAZA HOME MORTGAGE INC
  • First Mortgage Transaction Date: Apr 29, 2016
  • First Mortgage Loan Amount: $417,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2046
  • Second Mortgage Lender: IBERIABANK
  • Second Mortgage Transaction Date: Apr 29, 2016
  • Second Current Mortgage Financing Type: Variable
  • Second Mortgage Loan Amount: $309,750
  • Second Mortgage Terms: 360
  • Second Mortgage Loan Type: Credit Line (Revolving)
  • Second Mortgage Loan Due Date: Apr 28, 2046

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Frequently Asked Questions

What neighborhood is 701 Malaga Drive located in?
The 701 Malaga Drive is a located in the neighborhood of Boca Raton in Boca Raton, Boca Raton.
What is the average sales price for listings in 701 Malaga Drive?
The average sales price for units in 701 Malaga Drive is $0 currently.

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