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7240 West 2nd Lane

7240 West 2nd Lane, Hialeah, FL 33014
Sold Oct 22, 2020
$302,000
$294,566 by Paramount Residential Mortgage
Mortgage Due Nov 01, 2050
Sold Nov 08, 2019
$277,900
$272,866 by Fairway Independent Mortgage C
Mortgage Due Nov 01, 2049
Local assessors in Hialeah, FL have categorized 7240 West 2nd Lane as a residential type of property. The home was built in 1972 and is 52 years old. The property's lot size has been calculated to be 2,354 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a townhouse style. 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 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 7240 West 2nd Lane has a total of 1,606 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. 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, 7240 West 2nd Lane was last sold in Oct 15, 2020 for $302,000. According to our calculations, that's $175.99 per sqft. Prior to that sales transaction, the property was sold for $277,900 in Oct 31, 2019. Current property owners are expected to pay $3,734 in taxes per year. The property on 7240 West 2nd Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $245,024. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Style: Townhouse
  • Floor Count: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,354
  • Total Building Area: 1,716
  • Gross Building Area: 1,716
  • Building Area: 1,606
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,606
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 1ST ADDN TO PALM SPRINGS VILLAS
  • Land Acres: 0.054
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: 1ST ADDN TO PALM SPRINGS VILLAS PB 94-22 LOT 74 BLK 3 LOT SIZE SITE VALUE OR 17573-4227 0397 1 COC 23226-4648 03 2005 1

Ownership

  • Current Owner : GARCIA MARIBEL
  • Previous Owner : ESPINOSA MAIKEL A
  • Owner Before Previous Owner: MOLINA YUNIEL
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: HIALEAH
  • Census Tract: 000505

Zoning

  • Zoning: 4600

Geography

  • Assessors Map Reference: 64
  • District: 04
  • Parcel: 04-2130-007-0740
  • Block: 3
  • Lot: 74
  • Meridian: SEC 30 TWN 52S RNG 41E
  • Municipality: HIALEAH
  • Latitude: 25.8885
  • Longitude: -80.2888

    Address

  • Full Address: 7240 W 2nd Ln
  • Address - House Number: 7240
  • Street Direction: W
  • Address - Street Name: 2nd
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Hialeah
  • Carrier Code: C051
  • 4-Digit Zip Code: 5006
  • Zip Code: 33014

Valuation

    Tax

  • Total Area: 1,606
  • Tax Year: 2023
  • Tax Amount: $3,734
  • Tax Rate Code Area: 400

    Appraisal Valuation

  • Standard Deviation: 0.1786
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 446,729
  • High Value: 526,553
  • Low Value: 366,905

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $294,566
  • First Open Lien Mortgage Lender: PARAMOUNT RESIDENTIAL MORTGAGE
  • First Open Lien Mortgage Recording Date: Oct 22, 2020
  • First Open Lien Mortgage Loan Amount: $294,566
  • 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: Nov 01, 2050

    Market Valuation

  • Market Total Value: $306,759

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $245,024

    Exemptions

  • Widow Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 15, 2020
  • Current Sale Recording Date: Oct 22, 2020
  • Current Sale Transaction ID: 11796202697
  • Current Sale Price: $302,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020R0607256
  • Previous Sale Recording Date: Nov 08, 2019
  • Previous Sale Contract Date: Oct 31, 2019
  • Previous Sale Amount: $277,900
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PARAMOUNT RESIDENTIAL MORTGAGE
  • First Mortgage Transaction Date: Oct 22, 2020
  • First Mortgage Loan Amount: $294,566
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • Previous Mortgage Transaction Date: Nov 08, 2019
  • Previous Mortgage Loan Amount: $272,866
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Nov 01, 2049

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Frequently Asked Questions

What neighborhood is 7240 West 2nd Lane located in?
The 7240 West 2nd Lane is a located in the neighborhood of Palm Springs Villas in Hialeah, Hialeah.
What is the average sales price for listings in 7240 West 2nd Lane?
The average sales price for units in 7240 West 2nd Lane is $0 currently.

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