NOT LISTED FOR SALE

Estimated Value: $458,000 - $811,000

1.51 Acres
$428,728 Price per Acre
65,776 Sq Ft Lot

Last Sold March 06, 2020

Last sale price $400,000 $538 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $3,393/month

116 Days on Market

Highlights

  • 1.51 Acre Lot
  • Corner Lot
  • No HOA
  • Partially Wooded Lot

About This Lot

As of March 2020

Development opportunity in Lake Worth, Palm Beach County, at the corner intersection of Melaleuca Ln. and Davis Rd, minutes from JFK Hospital (S. Congress Ave.) and Palm Beach State College (Lake Worth Rd and S Congress Ave).
1,51 acres zoned RM - multifamily residential.

Last Agent to Sell the Property

Jacqueline Danzer

D'Lux Real Estate Services License #3198283 Listed on: 08/19/2019

Last Buyer's Agent

Jacqueline Danzer

D'Lux Real Estate Services License #3198283 Listed on: 08/19/2019

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,777

Lot Details

  • 1.51 Acre Lot
  • Southwest Facing Home
  • Corner Lot
  • Partially Wooded Lot
  • Additional Parcels
  • Property is zoned RM

Interior Spaces

  • 744 Sq Ft Home

Community Details

  • No Home Owners Association
  • Palm Beach Farms Co 7 Condos
  • Palm Beach Farms Co 7 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00434430010890042

Property Details

Property Type

Land

Est. Annual Taxes

$2,777

Lot Details

0

Listing Details

  • Property Type: Land/Boat Docks
  • Directions: GPS
  • Horses: No
  • Lot Size Acres: 1.51
  • New Construction: No
  • Road Frontage Type: Paved Road
  • Road Surface Type: Paved Road
  • Structure Type: Other
  • Subdivision Name: PALM BEACH FARMS CO 7
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Furnished: Unfurnished
  • Living Area: 744
  • Possible Use: Investment

Exterior Features

  • Direction Faces: Southwest
  • Lot Features: 1 To Less Than 2 Acre Lot, Corner Lot, Other
  • Other Structures: Other Bldg Incl
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: PALM BEACH FARMS CO 7

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 00434430010890042
  • Additional Parcels: Yes
  • Current Use: Residential, Check Land Use Plan
  • Development Status: Other, Undeveloped
  • Lot Size Sq Ft: 34848
  • Zoning: RM
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 2777

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 13, 2025
Sold by
Palm Beach County Florida
Bought by
Housing Partnership Inc
Current Estimated Value
$647,380

Purchase Details

Listed on
Aug 19, 2019
Closed on
Mar 6, 2020
Sold by
Lb 1 Llc
Bought by
Cp 4489 Davis Llc
Seller's Agent
Jacqueline Danzer
D'Lux Real Estate Services
Buyer's Agent
Jacqueline Danzer
D'Lux Real Estate Services
List Price
$750,000
Sold Price
$400,000
Premium/Discount to List
-$350,000
-46.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.90%
Original Mortgage
$292,950
Outstanding Balance
$258,954
Interest Rate
3.4%
Mortgage Type
Commercial
Estimated Equity
$388,426

Purchase Details

Closed on
Jun 15, 2017
Sold by
Hedges Thomas and Hedges Toni J
Bought by
Lb I Llc

Purchase Details

Closed on
Sep 20, 2000
Sold by
Williams Jerry M
Bought by
Hedges Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
8.05%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Housing Partnership Inc $4,130 None Listed On Document
Housing Partnership Inc $4,130 None Listed On Document
Cp 4489 Davis Llc $400,000 Attorney
Lb I Llc $160,000 Family Escrow & Title Inc
Hedges Thomas $83,428 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cp 4489 Davis Llc $292,950
Previous Owner Hedges Thomas $52,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/06/2020 03/06/20 Sold $400,000 -46.7% $538 / Sq Ft
12/10/2019 12/10/19 Pending -- -- --
08/16/2019 08/16/19 For Sale $750,000 -- $1,008 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $49 $114,307 -- --
2023 $50 $103,915 $148,320 $0
2022 $50 $94,468 $0 $0
2021 $1,541 $85,880 $85,880 $0
2020 $3,047 $143,819 $90,400 $53,419
2019 $3,101 $144,809 $90,400 $54,409
2018 $2,777 $136,309 $90,221 $46,088
2017 $1,870 $115,489 $69,401 $46,088
2016 $1,653 $58,139 $0 $0
2015 $1,578 $52,854 $0 $0
2014 $1,395 $48,049 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10726234

MIAMI REALTORS® MLS

APN: 00-43-44-30-01-089-0042