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502 West Drew Street

502 West Drew Street, Lake Worth, FL 33462
Sold Oct 10, 2019
$225,000
$220,924 by Hometown Equity Mortgage
Mortgage Due Nov 01, 2049
Sold Aug 31, 2009
$78,100
Local assessors in Lake Worth, FL have categorized 502 West Drew Street as a residential type of property. The home was built in 1955 and is 69 years old. It was most recently renovated and altered in 1985. The property's lot size has been calculated to be 10,106 square feet. The linear feet between the front and back of the lot was measured at 1,530 ft and the front of the lot was measured at 660 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 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 502 West Drew Street has a total of 1,139 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 carport for those who need a place to park their vehicle. The garage on the property is 220 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has both a unknown and a unknown 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 gable or hip style roof that was made of asphalt. 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 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, 502 West Drew Street sold most recently in Oct 7, 2019 for a total of $225,000. If you work out the math, that's approximately a cost of $150.10 per sqft. Before that, the property was also sold for $78,100 in Aug 21, 2009. 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 $3,474 in taxes each year. 502 West Drew Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $187,640. 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: 1955
  • 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: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 220
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 10,106
  • Lot Size Depth Feet: 1,530
  • Lot Size Frontage Feet: 660
  • Total Building Area: 1,499
  • Gross Building Area: 1,499
  • Building Area: 1,139
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,139
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GREYNOLDS HIGHLANDS
  • Land Acres: 0.232
  • Standard Land Use Code: Single family residential
  • Legal Description 1: UNIT 1 GREYNOLDS HIGHLANDS LTS 15 & 16, W 10 FT OF ABND 20 FT ALLEY LYG E OF & ADJ TO & N 10 FT OF ABND 20 FT ALLEY LYG S OF & ADJ TO BLK 15

Ownership

  • Current Owner : ELLISON BALFORD
  • Current Owner 2: ELLISON DENNA
  • Previous Owner : CHEW RICHARD
  • Previous Owner 2: CHEW DEBORAH
  • Owner Before Previous Owner: VASALLO WILLIAMS A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Palm Beach County School District
  • Census Tract: 005502

Zoning

  • Zoning: R15

Geography

  • Assessors Map Reference: 283
  • Parcel: 40-43-45-03-15-015-0150
  • Block: 15
  • Lot: 15,16
  • Meridian: SEC 03 TWN 45S RNG 43E
  • Municipality: LANTANA
  • Latitude: 26.5791
  • Longitude: -80.0548

    Address

  • Full Address: 502 W Drew St
  • Legal Unit: 1
  • Address - House Number: 502
  • Street Direction: W
  • Address - Street Name: Drew
  • Address - Suffix Type: St
  • State: FL
  • City Name: Lantana
  • Carrier Code: C012
  • 4-Digit Zip Code: 4534
  • Zip Code: 33462

Valuation

    Tax

  • Total Area: 1,223
  • Tax Year: 2022
  • Tax Amount: $3,474
  • Tax Rate Code Area: 40537

    Appraisal Valuation

  • Standard Deviation: 0.4875
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 2
  • Final Value: 388,360
  • High Value: 577,722
  • Low Value: 198,997

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $220,924
  • First Open Lien Mortgage Lender: HOMETOWN EQUITY MORTGAGE
  • First Open Lien Mortgage Recording Date: Oct 10, 2019
  • First Open Lien Mortgage Loan Amount: $220,924
  • 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: Nov 01, 2049

    Market Valuation

  • Market Total Value: $281,900
  • Market Land Value: $174,116
  • Market Improvement Value: $107,784

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $187,640

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 07, 2019
  • Current Sale Recording Date: Oct 10, 2019
  • Current Sale Transaction ID: 11670666650
  • Current Sale Price: $225,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20190371216
  • Previous Sale Recording Date: Aug 31, 2009
  • Previous Sale Contract Date: Aug 21, 2009
  • Previous Sale Amount: $78,100
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: HOMETOWN EQUITY MORTGAGE
  • First Mortgage Transaction Date: Oct 10, 2019
  • First Mortgage Loan Amount: $220,924
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Nov 01, 2049

About Lantana Pines



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Frequently Asked Questions

What neighborhood is 502 West Drew Street located in?
The 502 West Drew Street is a house located in the neighborhood of Lantana Pines in Lantana Pines, Lake Worth.
What is the average sales price for listings in 502 West Drew Street?
The average sales price for units in 502 West Drew Street is $238,000 , or $191/sqft. currently.

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