NOT LISTED FOR SALE

507 S Palmway Lake Worth, FL 33460

South Palm Park Neighborhood

Estimated Value: $482,000 - $721,000

2 Beds
2 Baths
1,117 Sq Ft
$528/Sq Ft Est. Value

Last Sold November 08, 2017

Last sale price $375,000 $336 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $3,583/month

41 Days on Market

Highlights

  • Water Views
  • Wood Flooring
  • Fireplace
  • Room in yard for a pool
  • Sun or Florida Room
  • 3-minute walk to South Bryant Park

About This Home

As of November 2017

ADORABLE FLORIDA BUNGALOW IN THE HEART OF LAKE WORTH. COME LIVE WHERE THE TROPICS BEGIN. THIS HOME IS COMPLETELY RENOVATED WITH 2 BED AND 2 BATHS. SOME ORIGINAL CHARM REMAINS INCLUDING OAK FLOORING AND TRAVERTINE MARBLE WITH A GAS FIRE PLACE IN THE LIVING ROOM. COME ENJOY HIGH END APPLIANCES IN THE KITCHEN AND 2 UPGRADED BATHROOMS. THIS HOME INCLUDES NEW IMPACT WINDOWS AND DOORS WITH PLANTATION SHUTTERS THROUGHOUT, A TANK-LESS GAS WATER HEATER, LARGE LAUNDRY ROOM, AND ALL GAS APPLIANCES. THIS PROPERTY HAS A HUGE BACKYARD COMPLETE WITH SPRINKLER SYSTEM AND A CHICAGO BRICK PAVED PATIO. STILL ENOUGH ROOM FOR A POOL. EAT OUTSIDE WITH A COVERED CABANA AND COOK ON YOUR NEW OUTDOOR KITCHEN COMPLETE WITH GRILL, REFRIGERATOR AND SINK.

Last Agent to Sell the Property

Blair Alshut

LPT Realty, LLC License #3378155 Listed on: 08/28/2017

LPT Realty, LLC

Co-Listed By

Ashley Alshut

LPT Realty, LLC License #3317125

Last Buyer's Agent

Star Smiley

Inactive Member License #632181

Inactive Member

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,142

Year Built

  • Built in 1956

Lot Details

  • 7,500 Sq Ft Lot
  • Fenced
  • Sprinkler System
  • Property is zoned SF-7(c

Parking

  • Attached Garage

Property Views

  • Water
  • Garden

Interior Spaces

  • 1,117 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Ceiling Fan
  • Fireplace
  • Awning
  • Blinds
  • French Doors
  • Combination Dining and Living Room
  • Sun or Florida Room
  • Wood Flooring

Kitchen

  • Microwave
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Security Lights
  • Impact Glass

Outdoor Features

  • Room in yard for a pool
  • Patio
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System

Community Details

  • Lake Worth Town Of Add 1 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 38434427010030110

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,142

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: I 95 TO 6TH AVE PASS FEDERAL TURN LEFT ON PALMWAY MAKE U TURN AT STOP SIGN PROPERTY ON RIGHT
  • Year Built: 1956
  • Year Built Details: Resale
  • Special Features: None

Interior Features

  • Interior Amenities: Built-in Features, French Door(s)/Atrium Door(s), Fireplace, Living/Dining Room, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: French Doors
  • Fireplace: Yes
  • Flooring: Wood
  • Living Area: 1117.0
  • Dining Room Type: Dining Room, Florida Room
  • Stories: 1
  • Window Features: Blinds, Impact Glass

Exterior Features

  • Exterior Features: Fence, Outdoor Grill, Patio, Room For Pool, Awning(s)
  • View: Garden, Other, Water
  • Lot Features: Sprinklers Automatic, < 1/4 Acre
  • Pool Features: None
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Other

Garage/Parking

  • Attached Garage: Yes
  • Garage Yn: No
  • Parking Features: Attached, Covered, Garage

Utilities

  • Security: Security System, Closed Circuit Camera(s), Security Lights
  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electricity Available

Condo/Co-op/Association

  • Community Features: Street Lights
  • Senior Community: No
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 38434427010030110
  • Lot Size: 50.0 ft x 150.0 ft
  • Lot Size Sq Ft: 7500.0
  • Zoning Description: SF-7(c
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 4142.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 17, 2020
Sold by
Obradovich Timothy G and Dietz Jack H
Bought by
Obradovich Timothy G and Dietz Jack H
Current Estimated Value
$589,800

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,500
Outstanding Balance
$250,619
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$339,181

Purchase Details

Listed on
Aug 28, 2017
Closed on
Nov 8, 2017
Sold by
Voltmann Renee Doreen and Renee Doreen Voltmann Trust
Bought by
Obradovich Timothy G
Seller's Agent
Blair Alshut
LPT Realty, LLC
Buyer's Agent
Star Smiley
Inactive Member
List Price
$399,000
Sold Price
$375,000
Premium/Discount to List
-$24,000
-6.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.85%
Original Mortgage
$291,200
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 27, 2014
Closed on
Jun 3, 2014
Sold by
Burke Patrick and Burke Debra
Bought by
Voltmann Renee Doreen and Renee Doreen Voltmann Trust
Seller's Agent
DONALD TODORICH
The Corcoran Group
Buyer's Agent
NON MEMBER
NON MEMBER FIRM
List Price
$349,000
Sold Price
$349,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.11%

Purchase Details

Closed on
Mar 20, 2009
Sold by
Burke Debra and Burke Patrick
Bought by
Burke Debra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,600
Interest Rate
5.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 28, 1999
Sold by
Locke Randy W and Ohara Bridget M
Bought by
Burke Debra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,700
Interest Rate
8.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 9, 1997
Sold by
Hardin-Starke Gloria
Bought by
Locke Randy W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,400
Interest Rate
7.6%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 2, 1997
Sold by
Gary B Sellari Tr
Bought by
Hardin-Starke Gloria

Purchase Details

Closed on
Jan 31, 1995
Sold by
Smith George R and Smith Mary Ann
Bought by
Blalock James A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,000
Interest Rate
9.14%
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
Obradovich Timothy G -- Omni Title Llc
Obradovich Timothy G -- None Listed On Document
Obradovich Timothy G $374,000 Soverign Shore Title Co Inc
Voltmann Renee Doreen $349,000 First American Title Ins Co
Burke Debra -- Land Star Title Inc
Burke Debra $133,000 --
Locke Randy W $91,000 --
Hardin-Starke Gloria $66,400 --
Sellari Gary B $100 --
Blalock James A $79,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Obradovich Timothy G $281,500
Closed Obradovich Timothy G $281,500
Previous Owner Obradovich Timothy G $291,200
Previous Owner Burke Debra $217,600
Previous Owner Sellari Gary B $119,700
Previous Owner Sellari Gary B $90,400
Previous Owner Blalock James A $67,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/08/2017 11/08/17 Sold $375,000 -6.0% $336 / Sq Ft
10/09/2017 10/09/17 Pending -- -- --
08/28/2017 08/28/17 For Sale $399,000 +14.3% $357 / Sq Ft
06/03/2014 06/03/14 Sold $349,000 0.0% $264 / Sq Ft View Prior Sale
06/03/2014 06/03/14 Pending -- -- --
03/27/2014 03/27/14 For Sale $349,000 -- $264 / 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 $5,771 $277,300 -- --
2023 $5,569 $269,223 $0 $0
2022 $5,463 $261,382 $0 $0
2021 $5,440 $253,769 $0 $0
2020 $5,390 $250,265 $110,000 $140,265
2019 $5,440 $250,825 $0 $0
2018 $5,210 $246,148 $102,884 $143,264
2017 $4,623 $221,048 $97,985 $123,063
2016 $5,468 $217,501 $0 $0
2015 $5,282 $203,962 $0 $0
2014 $2,365 $120,877 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Blair Alshut

    Seller's Agent in 2017

    Blair Alshut

    LPT Realty, LLC

    (561) 271-6847

    4 in this area

    69 Total Sales

    Blair Alshut
    Section Image
  • Ashley Alshut

    Seller Co-Listing Agent in 2017

    Ashley Alshut

    LPT Realty, LLC

    (561) 271-6847

    4 in this area

    58 Total Sales

    Ashley Alshut
    Section Image

  • S

    Buyer's Agent in 2017

    Star Smiley

    Inactive Member

    Section Image

  • D

    Seller's Agent in 2014

    DONALD TODORICH

    The Corcoran Group

    (561) 373-1791

    9 Total Sales

    DONALD TODORICH
    Section Image

  • E

    Seller Co-Listing Agent in 2014

    ERIC SAIN

    The Corcoran Group

  • N

    Buyer's Agent in 2014

    NON MEMBER

    NON MEMBER FIRM

See All Agents

Map

Source: BeachesMLS

MLS Number: R10362861

BeachesMLS

APN: 38-43-44-27-01-003-0110

Florida Palm Beach County Lake Worth 33460 South Palm Park

507 S Palmway, Lake Worth, FL

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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