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507 North K Street

507 North K Street, Lake Worth, FL 33460
Property in Mango Groves
2 Units For Sale
Unit for sale at 507 N K Street, Lake Worth Beach, FL 33460

$489,000

  • 3 Beds
  • 2 Baths
  • 837 ft²
507 N K Street, Lake Worth Beach, FL 33460 Listing by Samantha Lynn Johnsen

Unit for sale at 507 N K Street, Lake Worth Beach, FL 33460

$489,000

  • 3 Beds
  • 2 Baths
  • 837 ft²
507 N K Street, Lake Worth Beach, FL 33460 Listing by Samantha Lynn Johnsen

507 North K Street 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 1925 and is 99 years old. However, we must point out that the home was most recently renovated and altered in 1980. The home has a total of 2 bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 507 North K Street has 616 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 250 ft. The area measurement of the land has been determined as 3,376 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. 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 wood 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 asphalt. The exterior walls of the building are made of concrete. While the interior walls have been made of wood. 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 nothing. 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, 507 North K Street sold most recently in Nov 3, 2023 for a total of $460,000. If you work out the math, that's approximately a cost of $552.88 per sqft. Before that, the property was also sold for $240,000 in May 6, 2022. 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 $3,956 in taxes each year. 507 North K Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $132,345. 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. 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.

Building Features

Exterior

Wood Exterior
This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1980
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Exterior Walls Type: Concrete
  • Interior Walls Type: Wood
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Tile
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,376
  • Lot Size Depth Feet: 130
  • Lot Size Frontage Feet: 250
  • Total Building Area: 832
  • Gross Building Area: 832
  • Building Area: 616
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 616
  • Heating Fuel Type: None

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TOWN OF LAKE WORTH
  • Land Acres: 0.078
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TOWN OF LAKE WORTH LT 29 BLK 152

Ownership

  • Current Owner : LARA DULCE BERENICE
  • Current Owner 2: IBARRA JESUS LARA
  • Previous Owner : JOHNSEN SAMANTHA
  • Previous Owner 2: PAVLIDES ARIS S
  • Owner Before Previous Owner: 507 NORTH K LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Palm Beach County School District
  • Census Tract: 005203

Zoning

  • Zoning: SF-TF-14

Geography

  • Assessors Map Reference: 242
  • Parcel: 38-43-44-21-15-152-0290
  • Block: 152
  • Lot: 29
  • Meridian: SEC 21 TWN 44S RNG 43E
  • Municipality: LAKE WORTH
  • Latitude: 26.6217
  • Longitude: -80.0553

    Address

  • Full Address: 507 N K St
  • Address - House Number: 507
  • Street Direction: N
  • Address - Street Name: K
  • Address - Suffix Type: St
  • State: FL
  • City Name: Lake Worth Beach
  • Carrier Code: C007
  • 4-Digit Zip Code: 3021
  • Zip Code: 33460

Valuation

    Tax

  • Total Area: 725
  • Tax Year: 2022
  • Tax Amount: $3,956
  • Tax Rate Code Area: 38453

    Appraisal Valuation

  • Standard Deviation: 0.2159
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 70
  • Final Value: 354,022
  • High Value: 430,469
  • Low Value: 277,574

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $451,668
  • First Open Lien Mortgage Lender: FREEDOM MORTGAGE CORPORATION
  • First Open Lien Mortgage Recording Date: Nov 17, 2023
  • First Open Lien Mortgage Loan Amount: $451,668
  • 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: Dec 01, 2053

    Market Valuation

  • Market Total Value: $201,055
  • Market Land Value: $111,375
  • Market Improvement Value: $89,680

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $132,345

    Sales

  • Current Sale Contract Date: Nov 03, 2023
  • Current Sale Recording Date: Nov 17, 2023
  • Current Sale Transaction ID: 11917476108
  • Current Sale Price: $460,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 393474
  • Previous Sale Recording Date: May 11, 2022
  • Previous Sale Contract Date: May 06, 2022
  • Previous Sale Amount: $240,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FREEDOM MORTGAGE CORPORATION
  • First Mortgage Transaction Date: Nov 17, 2023
  • First Mortgage Loan Amount: $451,668
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Dec 01, 2053

About Mango Groves



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Frequently Asked Questions

What neighborhood is 507 North K Street located in?
The 507 North K Street is a located in the neighborhood of Mango Groves in Mango Groves, Lake Worth.
How many listings are currently for sale in 507 North K Street?
There are two listings currently on the market for sale.
What is the average sales price for listings in 507 North K Street?
The average sales price for units in 507 North K Street is $489,000 , or $584/sqft. currently.

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