1042 FAULKNER TER, PALM BEACH GARDENS, FL 33418
Parcel: 52424126020000190 · Single Family · Zoning: 001
Assessed Value (2026)
$1,139,346
Property Details
Year Built
2022
Lot Sqft
6,721
Sales History
1
$1,540,680
2022-10-28
2
$1,540,680
2022-11-21
3
$1,540,680
2022-11-22
Tax Assessment History
$1,139,346
Assessed (2026)
$1,372,406
Market Value
$1,088,624
Taxable Value
$22,164
Annual Tax
2025
$1,139,346
$1,372,406
2026
$1,139,346
$1,372,406
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2026 | $1,139,346 | $1,372,406 | $1,088,624 | $22,164 | $450,000 | $922,406 |
| 2025 | $1,139,346 | $1,372,406 | $1,114,346 | $22,687 | $450,000 | $922,406 |
About 1042 FAULKNER TER, PALM BEACH GARDENS, FL 33418
1042 FAULKNER TER, PALM BEACH GARDENS, FL 33418 is a property built in 2022 on a 6,721 square foot lot. The property is currently owned by SIMONET THOMAS & SIMONET HANH, recorded as of 2026-04-03. The owner appears to be owner-occupied based on the mailing address matching the property address.
The most recent sale was on 2022-11-22 for $1,540,680. There are 3 recorded sales for this property. The 2026 assessed value is $1,139,346 with a market value of $1,372,406.
This breaks down to $450,000 for the land and $922,406 for the building. The property has the following tax exemptions: homestead. The median household income in this area is $115,285, and the median home value is $599,400.
The population density is 2,095 people per square mile. There are active mortgage liens totaling $902,383 recorded against this property. 1042 FAULKNER TER, PALM BEACH GARDENS, FL 33418 is located in PALM BEACH GARDENS, Florida.
Property records, tax assessments, sales history, and ownership information for this PALM BEACH GARDENS property are sourced from palm_beach County public records. The complete ownership history of this property spans from 2022 to 2022, with 3 recorded transactions in the public record. The current assessed value represents 74% of the most recent sale price..
Current Owner
SIMONET THOMAS & SIMONET HANH
1042 FAULKNER TER, PALM BEACH GARDENS, FL, 33418
Since: 2026-04-03
View owner profile →
Est. Annual Insurance
$6,552 — $11,054
Flood $400 — $800
Property/Wind $6,152 — $10,254
Estimate based on FEMA flood zone, property value, and year built. Actual premiums vary based on elevation, mitigation features, roof condition, and insurer. Not a quote.
Neighborhood
Median Income$115,285
Median Home Value$599,400
Pop. Density2,095/sq mi
Neighborhood 33418
77.5%
Owner-Occ
22.5%
Investor
3,637
Flips (4yr)
3,544
New Biz (3yr)
Distress Risk
MODERATE
26
Mortgages
ACTIVE
$940,680
HSBC BANK USA · 2022-11-22
1 satisfied mortgage
SATISFIED 2022-11-21
$940,680
HSBC BANK USA
Est. Total Balance $902,383
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
Zoom in to see property sales