Property detail

Location Address 1040 SW 15TH ST
Municipality BOCA RATON
Parcel Control Number 06-42-47-36-01-019-0061
Subdivision PALM BEACH FARMS CO PL 10 OF NORTH DEERFIELD PB6P11-14, ADJ LTS 1 OWNRSHP COMB/W HILLSBORO
Official Records Book/Page 34895 / 1187
Sale Date 02/22/2024
Legal Description PALM BEACH FARMS CO PL 10 OF NORTH DEERFIELD W 20 FT OF LT 6 & LTS 7 & 8 BLK 19

Owner INFORMATION

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Owner(s) Mailing Address
LUDLOW MICHAEL PAUL
LUDLOW MICHAEL PAUL TR
MICHAEL PAUL LUDLOW TR TITL HLDR
1040 SW 15TH ST
BOCA RATON FL 33486 6858

Sales INFORMATION

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Sales Date Price OR Book/Page Sale Type Owner
02/22/2024 $1,100,000 34895 / 01187 WARRANTY DEED LUDLOW MICHAEL P TRUST
02/10/2022 $10 33317 / 00465 QUIT CLAIM FRIEDMAN FRANCES G
01/16/2020 $10 31178 / 01115 QUIT CLAIM FRIEDMAN FRANCES G
08/30/2012 $440,000 25459 / 01597 WARRANTY DEED FRIEDMAN FRANCES G &
10/23/2009 $427,500 23512 / 01169 WARRANTY DEED SIROTKIN LORI A
09/01/1992 $151,500 07424 / 00377 WARRANTY DEED
06/01/1988 $100 05738 / 00565 QUIT CLAIM
01/01/1984 $149,100 04136 / 01141 WARRANTY DEED
01/01/1979 $29,000 03202 / 00641

NOTE: Sales do not generally appear in the PAPA database until approximately 1 to 3 weeks after the closing date.
If a recent sale does not show up in this list, please allow more time for the sale record to be processed.

Exemption INFORMATION

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  • Save Our Homes (SOH) Base Year : 2025
  • Exemption Year : 2025
Applicant/Owner(s) Year Detail
LUDLOW MICHAEL PAUL 2025 HOMESTEAD
LUDLOW MICHAEL PAUL 2025 ADDITIONAL HOMESTEAD

Property INFORMATION

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SUBAREA AND SQUARE FOOTAGE
FOR BUILDING 1

Code Description square Footage
BAS Base Area 2006
FSP Finished Screened Porch 330
FOP Finished Open Porch 42
FGR Finished Garage 528
Total Square Footage 2906
Area Under Air 2006

Number of Units 1
Total Square Feet* 2906
Acres .23
Property Use Code 0100—SINGLE FAMILY
Zoning R-1-D—RESIDENTIAL (LOW) (06-BOCA RATON)

Request Structural Details Change

*May indicate living area in residential properties.

Structural Element
for Building 1

Exterior Wall 1 MSY: CB STUCCO
Year Built 1980
Air Condition Desc. HTG & AC
Heat Type FORCED AIR DUCT
Heat Fuel ELECTRIC
Bed Rooms 4
Full Baths 2
Half Baths 0
Exterior Wall 2 NONE
Roof Structure GABLE/HIP
Roof Cover ASPHALT/COMPOSITION
Interior Wall 1 DRYWALL
Interior Wall 2 N/A
Floor Type 1 CERAMIC/QUARRY TILE
Floor Type 2 HARDWOOD
Stories 1

Print Building 1 Details

 

Sketch
for Building 1

Property Extra Features

Description Year Built Units
Pool - In-Ground 1984 1
Screen Enclosure 1980 526

Property Land Details

Land Line # Description Zoning Acres
1 SFR R-1-D 0.2295

Appraisals

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Tax Year 2025 P 2024 2023 2022 2021
Improvement Value $372,200 $263,265 $278,005 $220,520 $187,085
Land Value $558,433 $547,995 $547,995 $474,450 $287,500
Total Market Value $930,633 $811,260 $826,000 $694,970 $474,585
Tax Year 2025 P 2024 2023 2022 2021 2020 2019 2018 2017 2016
Improvement Value $372,200 $263,265 $278,005 $220,520 $187,085 $199,746 $205,924 $196,094 $196,377 $193,043
Land Value $558,433 $547,995 $547,995 $474,450 $287,500 $287,500 $287,500 $252,930 $238,613 $238,613
Total Market Value $930,633 $811,260 $826,000 $694,970 $474,585 $487,246 $493,424 $449,024 $434,990 $431,656

P = Preliminary

All values are as of January 1st each year

Assessed & taxable values

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Tax Year 2025 P 2024 2023 2022 2021
Assessed Value $592,125 $481,566 $467,540 $453,922 $440,701
Exemption Amount $50,722 $55,000 $55,000 $50,500 $50,500
Taxable Value $541,403 $426,566 $412,540 $403,422 $390,201
Tax Year 2025 P 2024 2023 2022 2021 2020 2019 2018 2017 2016
Assessed Value $592,125 $481,566 $467,540 $453,922 $440,701 $444,223 $442,802 $416,946 $405,971 $400,427
Exemption Amount $50722 $55000 $55000 $50500 $50500 $50500 $50500 $50500 $50500 $50500
Taxable Value $541,403 $426,566 $412,540 $403,422 $390,201 $393,723 $392,302 $366,446 $355,471 $349,927

Taxes

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Tax Year 2025 P 2024 2023 2022 2021
AD VALOREM $9,369 $7,415 $7,241 $7,247 $7,218
NON AD VALOREM $362 $349 $343 $339 $323
TOTAL TAX $9,731 $7,764 $7,584 $7,586 $7,541
Tax Year 2025 P 2024 2023 2022 2021 2020 2019 2018 2017 2016
AD VALOREM $9,369 $7,415 $7,241 $7,247 $7,218 $7,285 $7,359 $6,671 $6,584 $6,659
NON AD VALOREM $362 $349 $343 $339 $323 $318 $320 $310 $297 $275
TOTAL TAX $9,731 $7,764 $7,584 $7,586 $7,541 $7,603 $7,679 $6,981 $6,881 $6,934

BUYERS TAKE NOTE: Taxes will change and often increase substantially when a property sells. The seller’s exemption benefits will GO AWAY the year after they sell and this may result in higher taxes for a buyer. Please use the Property Tax Calculator to get a better annual tax estimate if you are purchasing this property.