NOT LISTED FOR SALE

Estimated Value: $591,000 - $767,000

2 Beds
2 Baths
1,086 Sq Ft
$628/Sq Ft Est. Value

Last Sold December 26, 2023

Last sale price $680,000 $626 Per Sq Ft

Current estimated payment $5,427/month

467 Days on Market

Highlights

  • Doorman
  • Lake Front
  • Outdoor Pool
  • Palm Beach Public School Rated A-
  • Fitness Center
  • Home Gym

About This Home

As of December 2023

Fantastic 2BR/2BA waterfront condominium in the highly sought-after Rapallo Building. With stunning Intracoastal and Palm Beach views this unit boasts lots of natural light. Highlights include a gracious floor plan, covered balcony with water and pool views, and a spacious primary suite. Great location, just minutes from downtown West Palm Beach and Palm Beach Island. The Rapallo features fantastic amenities, such as pool, gym, social room, 24-hour doorman, and onsite manager.

Last Agent to Sell the Property

Christian Angle

Christian Angle Real Estate License #703536 Listed on: 08/25/2022

Last Buyer's Agent

NON MEMBER

NON MEMBER FIRM

Property Details

Home Type

  • Condo-Op

Est. Annual Taxes

  • $9,524

Year Built

  • Built in 1973

Lot Details

  • East Facing Home

HOA Fees

  • $720 Monthly HOA Fees

Parking

  • 1 Parking Space

Interior Spaces

  • Dining Area
  • Storage
  • Home Gym
  • Tile Flooring

Kitchen

  • Single Oven
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Home Security

  • Hurricane or Storm Shutters
  • High Impact Door
  • Fire and Smoke Detector

Eco-Friendly Details

  • Non-Toxic Pest Control

Outdoor Features

  • Outdoor Pool

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 74434327410011504

Community Details

Overview

  • Association fees include insurance, cable TV, common area, maintenance exterior, trash, pest control, sewer, water
  • 192 Units
  • Rapallo South Community
  • On-Site Maintenance
  • 19-Story Property

Amenities

  • Doorman
  • Common Area
  • Laundry Facilities
  • Elevator

Recreation

Pet Policy

  • Pets Allowed
  • Pet Restriction

Security

  • Security Guard
  • Resident Manager or Management On Site

Property Details

Home Type

Condo-Op

Est. Annual Taxes

$9,524

Year Built

Built in 1973

Lot Details

0

HOA Fees

$720 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condo/Co-Op
  • Building Name: Rapallo South
  • Year Built: 1973
  • Location Tax Legal:Name of Building: Rapallo South
  • Location Tax Legal:Zoned: 0400
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 9524.0
  • Location Tax Legal:Tax Year2: 2022
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • General Property Description:Maintenance Amount: 719.89
  • General Property Description:Per: Month
  • General Property Description:_pound_ Units in Complex: 192
  • General Property Description:_pound_ Floors: 19.0
  • Waterfront-Building:ICW-Across Street: Yes
  • Waterfront-Unit:Living Room View: Yes
  • Waterfront-Unit:Master Bedroom View: Yes
  • Exposure of Unit:East2: Yes
  • Pool:Pool3: Yes
  • Floors:Tile: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Security:Door Person: Yes
  • Services Included:Full Time Manager: Yes
  • Services Included:Exercise Facility: Yes
  • Maintenance Includes:Common Area: Yes
  • Maintenance Includes:Exterior Bldg: Yes
  • Maintenance Includes:Garbage Pickup: Yes
  • Maintenance Includes:Pest Control: Yes
  • Maintenance Includes:Sewer2: Yes
  • Maintenance Includes:Water2: Yes
  • Laundry:Laundry in Building: Yes
  • Pets:Pets Allowed: Yes
  • Security:Security Guards: Yes
  • Lease Restrictions Pets W Restrictions: Yes
  • Maintenance Includes:Cable TV: Yes
  • Waterfront-Building:Lakefront2: Yes
  • Waterfront-Unit:ICW-Across Street2: Yes
  • Waterfront-Unit:Lakefront3: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Freezer, Oven-Single, Microwave
  • Total Bedrooms: 2
  • Flooring: Tile
  • Interior Amenities: Cable, Storage, Wndw Trmnts Included, Smoke Alarms
  • Stories: 19
  • Interior Features:Smoke Alarms: Yes
  • Interior Features:Storage: Yes
  • Interior Features:Wndw Trmnts Included: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Interior Features:Cable: Yes
  • Other Rooms:Dining Area: Yes
  • Appliances:Oven-Single: Yes

Exterior Features

  • Pool Features: Pool
  • Pool Private: Yes
  • Waterfront Features: Lake Front
  • Waterfront: Yes
  • Exterior Features: Balcony, Storm Shutters, Impact Doors, Elevator, Exercise Room, Lobby
  • Exterior Features:Balcony: Yes
  • Exterior Features:Elevator2: Yes
  • Exterior Features:Exercise Room2: Yes
  • Exterior Features:Lobby: Yes
  • Exterior Features:Impact Doors: Yes
  • Exterior Features:Storm Shutters: Yes

Garage/Parking

  • Parking:_one_ Car2: Yes

Utilities

  • Laundry Features: Laundry in Building
  • Security: Security Guards, Door Person
  • Heating: Central Air, Central Heat
  • Heating Yn: Yes

Condo/Co-op/Association

  • Amenities: Full Time Manager, Exercise Facility
  • Association: Yes

Association/Amenities

  • Restrictions:Condo Association: Yes

Fee Information

  • Association Fee Includes: Insurance, Cable TV, Common Area, Maintenance Exterior, Trash, Pest Control, Sewer, Water

Lot Info

  • Development Status: Land Owned
  • Parcel #: 74434327410011504
  • Zoning: 0400

Rental Info

  • Pets Other: 20lbs and under

Multi Family

  • Number Of Units Total: 192
  • Maintenance Expense: 719.89

Tax Info

  • Tax Annual Amount: 9524.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 2, 2024
Sold by
Steinberg Richard and Steinberg Catherine
Bought by
Richard Steinebrg Revocable Trust and Steinberg
Total Days on Market
467
Current Estimated Value
$682,127

Purchase Details

Listed on
Aug 25, 2022
Closed on
Dec 26, 2023
Sold by
Klorfein Jonathan S and Klorfein Mary C
Bought by
Steinberg Richard and Steinberg Catherine
Seller's Agent
Christian Angle
Christian Angle Real Estate
Buyer's Agent
NON MEMBER
NON MEMBER FIRM
List Price
$1,150,000
Sold Price
$680,000
Premium/Discount to List
-$470,000
-40.87%
Views
67

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.22%

Purchase Details

Listed on
Jan 25, 2021
Closed on
Apr 15, 2021
Sold by
Kreis Nellie S and Kreis Nellie S
Bought by
Klorfein Jonathan S and Klorfein Mary C
Seller's Agent
Andre Manzi
Premier Brokers International
Buyer's Agent
Anna Tyler
BSR Realty Group, Inc
List Price
$499,000
Sold Price
$479,000
Premium/Discount to List
-$20,000
-4.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.86%

Purchase Details

Closed on
Jun 24, 2011
Sold by
Werner Jay and Jaffe Werner Jennine
Bought by
Jpmorgan Chase Bank Na and The Homebanc Syndicate Ledners

Purchase Details

Closed on
Aug 15, 2006
Sold by
Cooper Hardy Steele and Newman Joanne
Bought by
Werner Jay and Jaffe Werner Jennine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$545,000
Interest Rate
7.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 12, 2000
Sold by
Ristuccia Bernard J
Bought by
Cooper Hardy S and Cooper Rachel O

Purchase Details

Closed on
Feb 17, 1995
Sold by
Lewis Milford T
Bought by
Bosworth Chandler
Source: Public Records

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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
Richard Steinebrg Revocable Trust -- None Listed On Document
Richard Steinebrg Revocable Trust -- None Listed On Document
Steinberg Richard $680,000 None Listed On Document
Klorfein Jonathan S $479,000 Firm Title Corporation
Jpmorgan Chase Bank Na $138,500 None Available
Werner Jay -- Phoenix Title Insurance Corp
Werner Jay $545,000 Phoenix Title Insurance Corp
Cooper Hardy S $194,000 --
Bosworth Chandler $79,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Werner Jay $545,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/26/2023 12/26/23 Sold $680,000 -24.0% $626 / Sq Ft
12/05/2023 12/05/23 Pending -- -- --
06/27/2023 06/27/23 Price Changed $895,000 -8.6% $824 / Sq Ft
05/30/2023 05/30/23 Price Changed $979,000 -2.0% $901 / Sq Ft
03/30/2023 03/30/23 Price Changed $999,000 -4.9% $920 / Sq Ft
01/30/2023 01/30/23 Price Changed $1,050,000 -8.7% $967 / Sq Ft
08/25/2022 08/25/22 For Sale $1,150,000 +140.1% $1,059 / Sq Ft
04/15/2021 04/15/21 Sold $479,000 -4.0% $441 / Sq Ft
03/16/2021 03/16/21 Pending -- -- --
01/25/2021 01/25/21 For Sale $499,000 +191.8% $459 / Sq Ft
04/12/2012 04/12/12 Sold $171,000 +13.6% $157 / Sq Ft
03/13/2012 03/13/12 Pending -- -- --
01/12/2012 01/12/12 For Sale $150,468 -- $139 / Sq Ft
Source: Palm Beach Board of REALTORS®

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 $10,536 $505,000 -- --
2023 $10,540 $486,552 $0 $0
2022 $9,524 $442,320 $0 $0
2021 $3,467 $192,994 $0 $0
2020 $3,442 $190,329 $0 $0
2019 $3,383 $186,050 $0 $0
2018 $3,170 $182,581 $0 $0
2017 $3,109 $178,826 $0 $0
2016 $3,094 $175,148 $0 $0
2015 $3,154 $173,930 $0 $0
2014 $3,155 $172,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 22-1259

APN: 74-43-43-27-41-001-1504