NOT LISTED FOR SALE

518 N Federal Hwy Unit 5 Lake Worth, FL 33460

Parrot Cove Neighborhood

Estimated Value: $411,000 - $567,000

2 Beds
2.5 Baths
1,678 Sq Ft
$279/Sq Ft Est. Value

Last Sold December 23, 2019

Last sale price $258,999 $154 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $2,899/month

20 Days on Market

Highlights

  • Vaulted Ceiling
  • Garden View
  • Community Pool
  • Wood Flooring
  • Loft
  • Porch

About This Home

As of December 2019

Move in ready condo in the historic and sought after Parrot Cove in Downtown Lake Worth Beach. With huge bedrooms, a 2 car garage, low HOA, with pets allowed, this home is perfect for any family. Cool off in the pool and take a walk downtown Lake Worth Beach because it's only 5 blocks away. You're just over a mile to the beach and all the sand. Ample pull out storage in the kitchen for cooking, closets throughout, a washer and dryer upstairs next to the bedrooms to make laundry a breeze. Natural light penetrates throughout the entire condo unit and you won't feel cramped with these vaulted ceilings. 40 AMP outlet in garage for Electric Car Charging. Move in ready. Why not come see this today?

Last Agent to Sell the Property

Isaac Ocean

Coastal Classic Realty License #3402697 Listed on: 11/01/2019

Last Buyer's Agent

JARED LESHNER

Compass Florida LLC License #3252453

Compass Florida LLC

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,981

Year Built

  • Built in 2005

Lot Details

  • Fenced

HOA Fees

  • $220 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Interior Spaces

  • 1,678 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Combination Dining and Living Room
  • Loft
  • Garden Views
  • Home Security System

Kitchen

  • Built-In Oven
  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Open Patio
  • Porch

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 38434422370000050

Community Details

Overview

  • Association fees include common areas, ground maintenance, pool(s)
  • Parrot Cove Subdivision

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,981

Year Built

Built in 2005

Lot Details

0

HOA Fees

$220 per month

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Townhouse
  • Property Sub Type Additional: Condominium,Townhouse
  • Directions: East side of Federal, just S of 10th Ave North.
  • Year Built: 2005
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Living/Dining Room, Pantry, Separate Shower, Vaulted Ceiling(s), Walk-In Closet(s), Loft
  • Furnished: Unfurnished
  • Appliances: Built-In Oven, Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Hardwood, Tile, Wood
  • Living Area: 1678.0
  • Dining Room Type: Laundry, Loft, Storage Room
  • Stories: 2

Exterior Features

  • Exterior Features: Fence, Porch
  • View: Garden
  • Lot Features: < 1/4 Acre
  • Pool Features: None, Association, Community
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Open, Porch
  • Property Condition: Resale

Garage/Parking

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

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Security: Security System, Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s)
  • 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

  • Association Fee: 220.0
  • Community Features: Pool, Street Lights
  • Senior Community: No
  • Amenities: Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas, Maintenance Grounds, Pool(s)

Lot Info

  • Parcel #: 38434422370000050
  • Lot Size: < 1/4 Acre
  • Zoning Description: PO/MF-20

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 1981.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2019
Closed on
Dec 20, 2019
Sold by
Mann Alice O
Bought by
Cook Jerry L
Seller's Agent
Isaac Ocean
Coastal Classic Realty
Buyer's Agent
JARED LESHNER
Compass Florida LLC
List Price
$259,999
Sold Price
$258,999
Premium/Discount to List
-$1,000
-0.38%
Current Estimated Value
$414,447

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$155,448
Avg. Annual Appreciation
10.67%
Original Mortgage
$220,149
Outstanding Balance
$194,472
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$273,655

Purchase Details

Closed on
Jul 22, 2019
Sold by
Mann Alice O
Bought by
Steinberg Sarah Rose

Purchase Details

Closed on
Jul 1, 2011
Sold by
Carlson Brett R and Carlson Angela N
Bought by
Mann Alice O

Purchase Details

Closed on
Apr 29, 2005
Sold by
Fountain Douglas E
Bought by
Carlson Brett R and Carlson Angela N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 31, 2005
Sold by
Parrot Cove Llc
Bought by
Fountain Douglas E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,600
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Cook Jerry L $258,999 First American Title Ins Co
Steinberg Sarah Rose -- Attorney
Mann Alice O $124,900 Weston Title & Escrow Inc
Carlson Brett R $320,000 Standard Title Insurance Age
Fountain Douglas E $232,000 Standard Title Insurance Age
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cook Jerry L $220,149
Previous Owner Carlson Brett R $256,000
Previous Owner Fountain Douglas E $185,600
Closed Fountain Douglas E $23,200
Closed Carlson Brett R $64,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/23/2019 12/23/19 Sold $258,999 -0.4% $154 / Sq Ft
11/23/2019 11/23/19 Pending -- -- --
11/02/2019 11/02/19 For Sale $259,999 -- $155 / 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 $6,064 $294,464 -- --
2023 $5,855 $285,887 $0 $0
2022 $5,746 $277,560 $0 $0
2021 $5,425 $214,000 $0 $214,000
2020 $5,342 $209,000 $0 $209,000
2019 $2,080 $112,724 $0 $0
2018 $1,981 $110,622 $0 $0
2017 $1,940 $108,347 $0 $0
2016 $1,879 $106,119 $0 $0
2015 $1,907 $105,381 $0 $0
2014 $1,904 $104,545 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • I

    Seller's Agent in 2019

    Isaac Ocean

    Coastal Classic Realty

    (561) 396-4370

    3 Total Sales

    Isaac Ocean
    Section Image

  • J

    Buyer's Agent in 2019

    JARED LESHNER

    Compass Florida LLC

    (561) 613-0393

    21 Total Sales

    JARED LESHNER
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10574751

BeachesMLS

APN: 38-43-44-22-37-000-0050

Florida Palm Beach County Lake Worth 33460 Parrot Cove

518 N Federal Hwy Unit 5, Lake Worth, FL

This home is located at 518 N Federal Hwy Unit 5, Lake Worth, FL 33460 since 01 November 2019 and is currently estimated at $468,127, approximately $278 per square foot. This property was built in 2005. 518 N Federal Hwy Unit 5 is a home located in Palm Beach County with nearby schools including Lake Worth High School, North Grade Elementary School, and Lake Worth Community 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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