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976 Summit Lake Drive

976 Summit Lake Drive, West Palm Beach, FL 33406
Townhouse in Summit Lake
Sold Mar 29, 2019
$175,000
$166,250 by Capital Partners Mortgage Llc
Mortgage Due Apr 01, 2049
Sold Mar 21, 2002
$122,990
$110,600 by Dba Impac Lending Group
Mortgage Due Apr 01, 2032
976 Summit Lake Drive has been categorized by the local assessors in West Palm Beach, FL as a residential type of property. The building on the property was first built in 2002 and is 22 years old. The home has a total of 3 bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 976 Summit Lake Drive has 1,329 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 1,538 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a townhouse style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. 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 masonry 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. 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, 976 Summit Lake Drive sold most recently in Mar 27, 2019 for a total of $175,000. If you work out the math, that's approximately a cost of $131.68 per sqft. Before that, the property was also sold for $122,990 in Mar 11, 2002. 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 $2,373 in taxes each year. 976 Summit Lake Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $155,619. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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.

Building Features

Parking

Assigned Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Townhouse
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,538
  • Total Building Area: 1,329
  • Gross Building Area: 1,329
  • Building Area: 1,329
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,329
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SUMMIT LAKES
  • Land Acres: 0.035
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: SUMMIT LAKE LT 118

Ownership

  • Current Owner : KRAUSE CHRISTINA
  • Previous Owner : CHON YONG BOK
  • Previous Owner 2: CHON SUNG S
  • Owner Before Previous Owner: BRIGHTON AT SUMMIT LC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Palm Beach County School District
  • Census Tract: 003802

Zoning

  • Zoning: PUD

Geography

  • Assessors Map Reference: 192
  • Parcel: 00-42-44-01-31-000-1180
  • Lot: 118
  • Meridian: SEC 01 TWN 44S RNG 42E
  • Municipality: UNINCORPORATED
  • Latitude: 26.6633
  • Longitude: -80.1088

    Address

  • Full Address: 976 Summit Lake Dr
  • Address - House Number: 976
  • Address - Street Name: Summit Lake
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: West Palm Beach
  • Carrier Code: C075
  • 4-Digit Zip Code: 9111
  • Zip Code: 33406

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,373
  • Tax Rate Code Area: 362

    Appraisal Valuation

  • Standard Deviation: 0.2218
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 69
  • Final Value: 341,058
  • High Value: 416,709
  • Low Value: 265,407

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $166,250
  • First Open Lien Mortgage Lender: CAPITAL PARTNERS MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Mar 29, 2019
  • First Open Lien Mortgage Loan Amount: $166,250
  • 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, 2049

    Market Valuation

  • Market Total Value: $209,520
  • Market Improvement Value: $209,520

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $155,619

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 27, 2019
  • Current Sale Recording Date: Mar 29, 2019
  • Current Sale Transaction ID: 11595132604
  • Current Sale Price: $175,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20190109767
  • Previous Sale Recording Date: Mar 21, 2002
  • Previous Sale Contract Date: Mar 11, 2002
  • Previous Sale Amount: $122,990
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CAPITAL PARTNERS MORTGAGE LLC
  • First Mortgage Transaction Date: Mar 29, 2019
  • First Mortgage Loan Amount: $166,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: DBA IMPAC LENDING GROUP
  • Previous Mortgage Transaction Date: Mar 21, 2002
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $110,600
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Apr 01, 2032

About Summit Lake



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Frequently Asked Questions

What neighborhood is 976 Summit Lake Drive located in?
The 976 Summit Lake Drive is a townhouse located in the neighborhood of Summit Lake in Summit Lake, West Palm Beach.
What is the average sales price for listings in 976 Summit Lake Drive?
The average sales price for units in 976 Summit Lake Drive is $0 currently.

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