NOT LISTED FOR SALE

1026 Palama Way Lantana, FL 33462

Sea Pines Neighborhood

Estimated Value: $490,255 - $560,000

3 Beds
2 Baths
1,916 Sq Ft
$279/Sq Ft Est. Value

Last Sold October 02, 2020

Last sale price $300,000 $157 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $3,586/month

36 Days on Market

Highlights

  • Garden View
  • Screened Porch
  • Interior Lot
  • Attic
  • 2 Car Attached Garage
  • Central Heating and Cooling System

About This Home

As of October 2020

Large 3 BR/2BA, with a large family room and a 2 garage garage located in Sea Pines. House is mostly original.. Roof is 20 years old.

Last Agent to Sell the Property

Caroline Fallon

Shepard Realty License #173407 Listed on: 07/27/2020

Last Buyer's Agent

William Molina

RE/MAX Rex License #3419303

RE/MAX Rex

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,579

Year Built

  • Built in 1982

Lot Details

  • 7,600 Sq Ft Lot
  • Fenced
  • Interior Lot
  • Property is zoned R3(cit

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,916 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Combination Kitchen and Dining Room
  • Screened Porch
  • Carpet
  • Garden Views
  • Attic

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • Maddock Add 2 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 40434504140100190

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,579

Year Built

Built in 1982

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: I-95 To Hypoluxo Rd. Go east to Sea Pines Way, go North to Palama Way.
  • Year Built: 1982
  • Architectural Style: Ranch
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Kitchen/Dining Combo, Attic
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Carpet
  • Living Area: 1916.0
  • Dining Room Type: Attic
  • Stories: 1
  • Window Features: Blinds

Exterior Features

  • Exterior Features: Enclosed Porch, Fence
  • View: Garden
  • Lot Features: Interior Lot, < 1/4 Acre
  • Pool Features: None
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Porch, Screened
  • Property Condition: Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Attached, Driveway, Garage, Two or More Spaces

Utilities

  • Laundry Features: In Garage
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Amenities: Other
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 40434504140100190
  • Lot Size Sq Ft: 7600.0
  • Zoning Description: R3(cit
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 2579.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2020
Closed on
Sep 28, 2020
Sold by
Wallace William C and Wallace Fonda L
Bought by
Chaviano Ernesto Sanchez and Delatorres Medina Yamilet
Seller's Agent
Caroline Fallon
Shepard Realty
Buyer's Agent
William Molina
RE/MAX Rex
List Price
$315,000
Sold Price
$300,000
Premium/Discount to List
-$15,000
-4.76%
Current Estimated Value
$535,314

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$235,314
Avg. Annual Appreciation
12.47%
Original Mortgage
$285,000
Outstanding Balance
$256,905
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$273,470

Purchase Details

Closed on
Jun 4, 1997
Sold by
Peltcs Robert E and Peltcs Peggie M
Bought by
Wallace William C and Wallace Fonda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,350
Interest Rate
8.13%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Chaviano Ernesto Sanchez $300,000 Family Escrow & Title Inc
Wallace William C $113,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chaviano Ernesto Sanchez $285,000
Previous Owner Wallace Fonda L $136,560
Previous Owner Wallace William C $113,500
Previous Owner Wallace William $20,000
Previous Owner Wallace William C $20,000
Previous Owner Wallace William C $107,350
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/02/2020 10/02/20 Sold $300,000 -4.8% $157 / Sq Ft
09/02/2020 09/02/20 Pending -- -- --
07/27/2020 07/27/20 For Sale $315,000 -- $164 / Sq Ft
Source: BeachesMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,564 $354,021 -- --
2023 $7,064 $321,837 $0 $0
2022 $6,715 $292,579 $0 $0
2021 $5,919 $265,981 $120,200 $145,781
2020 $2,628 $145,023 $0 $0
2019 $2,579 $141,762 $0 $0
2018 $2,452 $139,119 $0 $0
2017 $2,342 $136,258 $0 $0
2016 $2,304 $133,455 $0 $0
2015 $2,342 $132,527 $0 $0
2014 $2,343 $131,475 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Caroline Fallon

    Seller's Agent in 2020

    Caroline Fallon

    Shepard Realty

    (561) 385-5979

    1 in this area

    32 Total Sales

    Section Image
  • William Molina

    Buyer's Agent in 2020

    William Molina

    RE/MAX

    (561) 767-0855

    1 in this area

    66 Total Sales

    Section Image
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Map

Source: BeachesMLS

MLS Number: R10641986

BeachesMLS

APN: 40-43-45-04-14-010-0190

Florida Palm Beach County Lantana 33462 Sea Pines

1026 Palama Way, Lantana, FL

This home is located at 1026 Palama Way, Lantana, FL 33462 since 27 July 2020 and is currently estimated at $535,314, approximately $279 per square foot. This property was built in 1982. 1026 Palama Way is a home located in Palm Beach County with nearby schools including Lantana Elementary School, Lake Worth High School, and Lantana Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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