NOT LISTED FOR SALE

701 Palama Way Lantana, FL 33462

Ocean Heights Neighborhood

Estimated Value: $497,604 - $545,000

3 Beds
2 Baths
1,700 Sq Ft
$309/Sq Ft Est. Value

Last Sold February 12, 2024

Last sale price $510,000 $300 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,515/month

33 Days on Market

Highlights

  • Deck
  • Attic
  • Formal Dining Room
  • Wood Flooring
  • Workshop
  • Separate Shower in Primary Bathroom

About This Home

As of February 2024

Immaculately maintained, this single-family CBS home boasts 3 bedrooms, 2 bathrooms, and a 1-car garage, nestled in the heart of the charming Town of Lantana. The main living areas feature the timeless elegance of Bella hardwood and durable porcelain tile flooring. The living room is adorned with a tray ceiling and recessed lighting, adding a touch of sophistication. The kitchen is a culinary haven, showcasing granite countertops, S/S appliances, and stylish wood cabinetry. A permitted addition of 323 square feet provides extra space not reflected in the tax roll. The backyard hosts a spacious deck, perfect for a large patio set and delightful grilling sessions. With a newer A/C unit installed approximately 2 years ago and a roof that's around 12 years old, this home is a true gem.

Last Agent to Sell the Property

Lorena Pineda

Southdale Properties Inc. License #3267774 Listed on: 01/09/2024

Last Buyer's Agent

Julie Collins

JP & Associates Realtors South Florida Living License #3196124

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,511

Year Built

  • Built in 1979

Lot Details

  • 8,296 Sq Ft Lot
  • Property is zoned R3(cit

Parking

  • 1 Car Garage
  • Driveway

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,700 Sq Ft Home
  • 1-Story Property
  • Entrance Foyer
  • Family Room
  • Formal Dining Room
  • Workshop
  • Pull Down Stairs to Attic
  • Fire and Smoke Detector

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Community Details

  • Maddock Add 2 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 40434504140070100

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,511

Year Built

Built in 1979

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: 95 to Hypoluxo. East on Hypoluxo to S 14th St. North on S 14th St to W Jennings St. East on W Jennings St to La Costa Way. Left on La Costa Way. Property is on left corner.
  • Year Built: 1979
  • Architectural Style: Ranch
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Attic, Dining Area, Separate/Formal Dining Room, Entrance Foyer, Pull Down Attic Stairs, Split Bedrooms, Separate Shower, Workshop
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Carpet, Tile, Wood
  • Living Area: 1700.0
  • Dining Room Type: Family Room, Storage Room, Workshop
  • Stories: 1

Exterior Features

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

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Garage Yn: Yes
  • Parking Features: Driveway

Utilities

  • Security: Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 40434504140070100
  • Lot Size: .19
  • Lot Size Sq Ft: 8296.0
  • Zoning Description: R3(cit
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 2511.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2024
Closed on
Feb 12, 2024
Sold by
Dominguez Oscar and Dominguez Kathleen A
Bought by
Kneedler Peter Anthony and Collins Juliana Chrisandra
Seller's Agent
Lorena Pineda
Southdale Properties Inc.
Buyer's Agent
Julie Collins
JP & Associates Realtors South Florida Living
List Price
$475,000
Sold Price
$510,000
Premium/Discount to List
$35,000
7.37%
Views
17
Current Estimated Value
$525,651

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,651
Avg. Annual Appreciation
-0.04%
Original Mortgage
$408,000
Outstanding Balance
$402,771
Interest Rate
6.62%
Mortgage Type
New Conventional
Estimated Equity
$106,910

Purchase Details

Listed on
Feb 10, 2013
Closed on
Jul 26, 2013
Sold by
Sisson Kevin P and Sisson Katherine B
Bought by
Dominguez Oscar and Fallon Kathleen A
Seller's Agent
Kenneth Goffe
Harold T. Goffe REALTOR
Buyer's Agent
Jeffrey Carlson
Coldwell Banker Realty
List Price
$229,000
Sold Price
$185,000
Premium/Discount to List
-$44,000
-19.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.09%
Original Mortgage
$161,500
Interest Rate
3.96%
Mortgage Type
New Conventional
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
Kneedler Peter Anthony $510,000 Equity Land Title
Dominguez Oscar $185,000 Universal Land Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kneedler Peter Anthony $408,000
Previous Owner Dominguez Oscar $161,500
Previous Owner Sisson Kevin P $76,367
Previous Owner Sisson Kevin P $33,000
Previous Owner Sisson Kevin $100,000
Previous Owner Sisson Kevin P $25,000
Previous Owner Sisson Kevin P $126,234
Previous Owner Sisson Kevin P $82,159
Previous Owner Sisson Kevin P $35,180
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/12/2024 02/12/24 Sold $510,000 +7.4% $300 / Sq Ft
01/09/2024 01/09/24 For Sale $475,000 +156.8% $279 / Sq Ft
07/29/2013 07/29/13 Sold $185,000 -19.2% $109 / Sq Ft
06/29/2013 06/29/13 Pending -- -- --
02/10/2013 02/10/13 For Sale $229,000 -- $135 / 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 $7,341 $345,895 -- --
2023 $2,511 $143,433 $0 $0
2022 $2,511 $139,510 $0 $0
2021 $2,428 $135,447 $0 $0
2020 $2,394 $133,577 $0 $0
2019 $2,348 $130,574 $0 $0
2018 $2,231 $128,139 $0 $0
2017 $2,122 $125,503 $0 $0
2016 $2,082 $122,729 $0 $0
2015 $2,116 $121,876 $0 $0
2014 $2,117 $120,909 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2024

    Lorena Pineda

    Southdale Properties Inc.

    (800) 555-1111

    1 in this area

    36 Total Sales

    Section Image

  • J

    Buyer's Agent in 2024

    Julie Collins

    JP & Associates Realtors South Florida Living

    (904) 548-7893

    1 in this area

    1 Total Sale

    Section Image

  • K

    Seller's Agent in 2013

    Kenneth Goffe

    Harold T. Goffe REALTOR

  • Jeffrey Carlson

    Buyer's Agent in 2013

    Jeffrey Carlson

    Coldwell Banker Realty

    (561) 870-4789

    46 Total Sales

    Section Image
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Map

Source: BeachesMLS

MLS Number: R10948602

BeachesMLS

APN: 40-43-45-04-14-007-0100

Florida Palm Beach County Lantana 33462 Ocean Heights

701 Palama Way, Lantana, FL

This home is located at 701 Palama Way, Lantana, FL 33462 since 09 January 2024 and is currently estimated at $525,651, approximately $309 per square foot. This property was built in 1979. 701 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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