Property detail

Location Address 407 S PALMWAY
Municipality LAKE WORTH BEACH
Parcel Control Number 38-43-44-21-15-163-0080
Subdivision LAKE WORTH TOWN OF
Official Records Book/Page 33695 / 101
Sale Date 07/08/2022
Legal Description TOWN OF LAKE WORTH LT 8 BLK 163

Owner INFORMATION

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Owner(s) Mailing Address
PALMWAY PROJECTS LLC
17 MADISON ST
BROOKLYN NY 11238 2002

Sales INFORMATION

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Sales Date Price OR Book/Page Sale Type Owner
07/08/2022 $440,000 33695 / 00101 REP DEED PALMWAY PROJECTS LLC
09/08/2016 $241,000 28616 / 00295 WARRANTY DEED MORGAN JOHN WILLIAM
10/01/1997 $24,500 10079 / 01845 QUIT CLAIM VUOKKO MIKKO A
12/01/1991 $66,500 07067 / 01083 WARRANTY DEED
06/01/1985 $100 04647 / 01227 WARRANTY DEED
04/01/1984 $215,000 04209 / 00228 WARRANTY DEED
01/01/1978 $140,000 02811 / 01171

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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No Exemption Information Available.

Property INFORMATION

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SUBAREA AND SQUARE FOOTAGE
FOR BUILDING 1

Code Description square Footage
SFB Semi Finished Base Area 180
FSP Finished Screened Porch 108
BAS Base Area 1114
Total Square Footage 1402
Area Under Air 1294

Number of Units 1
Total Square Feet* 1402
Acres .16
Property Use Code 0100—SINGLE FAMILY
Zoning MF-20—LOW DENSITY MULTI-FAMILY (38-LAKE WORTH BEACH)

Request Structural Details Change

*May indicate living area in residential properties.

Structural Element
for Building 1

Bldg Type SFR
Exterior Wall 1 WSF: VINYL/STL/ALUM
Year Built 1941
Air Condition Desc. HTG & AC
Heat Type FORCED AIR DUCT
Heat Fuel NONE
Bed Rooms 3
Full Baths 2
Half Baths 0
Roof Structure GABLE/HIP
Roof Cover ASPHALT/COMPOSITION
Interior Wall 1 PLASTER
Interior Wall 2 N/A
Floor Type 1 HARDWOOD
Floor Type 2 CERAMIC/QUARRY TILE
Stories 1

Print Building 1 Details

 

Sketch
for Building 1

Property Extra Features

No Extra Feature Available

Property Land Details

Land Line # Description Zoning Acres
1 MULTI-FAMILY MF-20 0.1550

Appraisals

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Tax Year 2025 P 2024 2023 2022 2021
Improvement Value $123,989 $148,770 $163,513 $132,446 $116,455
Land Value $313,875 $317,250 $285,423 $242,500 $137,750
Total Market Value $437,864 $466,020 $448,936 $374,946 $254,205
Tax Year 2025 P 2024 2023 2022 2021 2020 2019 2018 2017 2016
Improvement Value $123,989 $148,770 $163,513 $132,446 $116,455 $93,133 $94,444 $107,508 $108,981 $100,263
Land Value $313,875 $317,250 $285,423 $242,500 $137,750 $165,000 $165,000 $146,880 $108,800 $108,800
Total Market Value $437,864 $466,020 $448,936 $374,946 $254,205 $258,133 $259,444 $254,388 $217,781 $209,063

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 $437,864 $466,020 $448,936 $261,831 $254,205
Exemption Amount $0 $0 $0 $50,000 $50,000
Taxable Value $437,864 $466,020 $448,936 $211,831 $204,205
Tax Year 2025 P 2024 2023 2022 2021 2020 2019 2018 2017 2016
Assessed Value $437,864 $466,020 $448,936 $261,831 $254,205 $258,133 $259,444 $239,559 $217,781 $150,354
Exemption Amount $0 $0 $0 $50000 $50000 $50000 $50000 $0 $0 $0
Taxable Value $437,864 $466,020 $448,936 $211,831 $204,205 $208,133 $209,444 $239,559 $217,781 $150,354

Taxes

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Tax Year 2025 P 2024 2023 2022 2021
AD VALOREM $9,463 $10,314 $10,000 $4,966 $4,948
NON AD VALOREM $599 $583 $525 $507 $501
TOTAL TAX $10,062 $10,897 $10,525 $5,474 $5,450
Tax Year 2025 P 2024 2023 2022 2021 2020 2019 2018 2017 2016
AD VALOREM $9,463 $10,314 $10,000 $4,966 $4,948 $5,079 $5,158 $5,668 $5,043 $3,855
NON AD VALOREM $599 $583 $525 $507 $501 $496 $487 $484 $493 $491
TOTAL TAX $10,062 $10,897 $10,525 $5,474 $5,450 $5,575 $5,645 $6,152 $5,536 $4,347

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.