1245 FAULKNER TER, PALM BEACH GARDENS, FL 33418
Parcel: 52424126020003380 · Single Family · Zoning: 001
Assessed Value (2026)
$1,156,117
Property Details
Year Built
2021
Lot Sqft
6,190
Sales History
1
$762,885
2021-12-15
Tax Assessment History
$1,156,117
Assessed (2026)
$1,237,315
Market Value
$1,156,117
Taxable Value
$23,538
Annual Tax
2025
$1,237,315
2026
$1,156,117
$1,237,315
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2026 | $1,156,117 | $1,237,315 | $1,156,117 | $23,538 | $550,000 | $687,315 |
| 2025 | $1,237,315 | $1,237,315 | $1,237,315 | $25,191 | $550,000 | $687,315 |
About 1245 FAULKNER TER, PALM BEACH GARDENS, FL 33418
1245 FAULKNER TER, PALM BEACH GARDENS, FL 33418 is a property built in 2021 on a 6,190 square foot lot. The property is currently owned by CHEN SHANG YI, recorded as of 2026-04-03. The mailing address differs from the property address, suggesting this may be an investment property or rental.
The most recent sale was on 2021-12-15 for $762,885. The 2026 assessed value is $1,156,117 with a market value of $1,237,315. This breaks down to $550,000 for the land and $687,315 for the building.
The assessed value decreased 7% from $1,237,315 in 2025. 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 $300,979 recorded against this property. 1245 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 current assessed value represents 152% of the most recent sale price. This high ratio could indicate the property was purchased below market value — a potential sign of a distressed sale or off-market deal..
Est. Annual Insurance
$6,643 — $11,205
Flood $400 — $800
Property/Wind $6,243 — $10,405
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 3.125% rate
$400,000
UNITED NATIONS FCU · 2022-01-07
Est. Total Balance $300,979
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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