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7157 Lake Island Drive

7157 Lake Island Drive, Lake Worth, FL 33467
Sold Aug 02, 2005
$350,000
$280,000 by Washington Mutual Bank Fa
Mortgage Due Aug 01, 2035
Sold Jun 10, 2005
$260,000
$246,722 by Prospect Avenue Funding Inc
Mortgage Due Dec 10, 2005
Local assessors in Lake Worth, FL have categorized 7157 Lake Island Drive as a residential type of property. The home was built in 1998 and is 26 years old. It was most recently renovated and altered in 2003. The property's lot size has been calculated to be 6,486 square feet. 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 7157 Lake Island Drive has a total of 1,819 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 387 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. 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 wood truss style roof that was made of concrete. 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 gypsum boards such as those made of drywall, sheetrock, etc. 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. The property was last sold in Jul 29, 2005 for $350,000. That's $150.34 per sqft. Prior to that sales transaction, the property was also sold in Jun 7, 2005 for $260,000. 7157 Lake Island Drive was last assessed in 2023. The total value of the property was assessed at $173,218. 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 $2,616. 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: 1998
  • Effective Year Built: 2003
  • 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: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Wood truss
  • Roof Cover Type: Concrete
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Tile
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 387
  • Parking Space Count: 2
  • Patio Type: Patio - screened
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 6,486
  • Total Building Area: 2,328
  • Gross Building Area: 2,328
  • Building Area: 1,819
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,819
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HIDDEN LAKES AT NORTHTREE
  • Land Acres: 0.149
  • Standard Land Use Code: Single family residential
  • Legal Description 1: HIDDEN LAKES AT NORTHTREE LT 121B

Ownership

  • Current Owner : PRICE BRUCE N
  • Previous Owner : CYPRESS DEVELOPMENT CORP
  • Owner Before Previous Owner: COLLINS STEVEN P
  • Owner Before Previous Owner 2: COLLINS ELIZABETH A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Palm Beach County School District
  • Census Tract: 005946

Zoning

  • Zoning: RTS

Geography

  • Assessors Map Reference: 276F
  • Parcel: 00-42-45-09-08-000-1212
  • Lot: 121B
  • Meridian: SEC 09 TWN 45S RNG 42E
  • Municipality: UNINCORPORATED
  • Latitude: 26.5621
  • Longitude: -80.1562

    Address

  • Full Address: 7157 Lake Island Dr
  • Address - House Number: 7157
  • Address - Street Name: Lake Island
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Lake Worth
  • Carrier Code: R015
  • 4-Digit Zip Code: 7953
  • Zip Code: 33467

Valuation

    Tax

  • Total Area: 2,028
  • Tax Year: 2023
  • Tax Amount: $2,616
  • Tax Rate Code Area: 203

    Appraisal Valuation

  • Standard Deviation: 0.191
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 565,887
  • High Value: 674,027
  • Low Value: 457,747

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $280,000
  • First Open Lien Mortgage Lender: WASHINGTON MUTUAL BANK FA
  • First Open Lien Mortgage Recording Date: Aug 02, 2005
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $280,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2035

    Market Valuation

  • Market Total Value: $455,026
  • Market Land Value: $195,000
  • Market Improvement Value: $260,026

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $173,218

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 29, 2005
  • Current Sale Recording Date: Aug 02, 2005
  • Current Sale Transaction ID: 1078868191
  • Current Sale Price: $350,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20050479995
  • Previous Sale Recording Date: Jun 10, 2005
  • Previous Sale Contract Date: Jun 07, 2005
  • Previous Sale Amount: $260,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WASHINGTON MUTUAL BANK FA
  • First Mortgage Transaction Date: Aug 02, 2005
  • First Mortgage Loan Amount: $280,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Aug 01, 2035

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: PROSPECT AVENUE FUNDING INC
  • Previous Mortgage Transaction Date: Jun 10, 2005
  • Previous Mortgage Loan Amount: $246,722
  • Previous Mortgage Term: 5
  • Previous Mortgage Loan Type: Stand Alone First
  • Previous Mortgage Loan Due Date: Dec 10, 2005

About Northtree



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Frequently Asked Questions

What neighborhood is 7157 Lake Island Drive located in?
The 7157 Lake Island Drive is a located in the neighborhood of Hidden Lakes at Northtree in Northtree, Lake Worth.
What is the average sales price for listings in 7157 Lake Island Drive?
The average sales price for units in 7157 Lake Island Drive is $0 currently.

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