NOT LISTED FOR SALE

Estimated Value: $652,485 - $939,000

2 Beds
2 Baths
1,348 Sq Ft
$621/Sq Ft Est. Value

Last Sold August 27, 2018

Last sale price $450,000 $334 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $5,806/month

3 Days on Market

Highlights

  • Doorman
  • Property fronts an intracoastal waterway
  • Outdoor Pool
  • Palm Beach Public School Rated A-
  • Fitness Center
  • Marble Flooring

About This Home

As of August 2018

Coveted north east exposure offering sweeping intra coastal views from all living spaces.The renovated open and airy floor plan is favorable to all family dynamics.
Two bedroom with a master ensuite bath. Second bedroom features a french door opening to living room offering an optional study/den opportunity.
Remodeled open kitchen boasts of new cabinets, granite countertops, and eat- in counter.
Rapallo South is conveniently located minutes from the famous Worth ave., Royal Poinciana Plaza, The Breakers, the many restaurants in City Place, the Four Arts, beach, bike trail, and the Palm Beach International Airport.
Pet friendly building with doorman, pool, and gym.

Last Agent to Sell the Property

MICHAEL PAPPAS

Illustrated Properties LLC PB License #3362221 Listed on: 05/07/2018

Last Buyer's Agent

SHELLY NEWMAN

THE FITE GROUP-Luxury Homes PB

Property Details

Home Type

  • Condo-Op

Est. Annual Taxes

  • $6,192

Year Built

  • Built in 1973

Lot Details

  • Northeast Facing Home

HOA Fees

  • $698 Monthly HOA Fees

Parking

  • 1 Parking Space

Interior Spaces

  • 1,348 Sq Ft Home
  • Window Treatments
  • Dining Area
  • Storage
  • Home Gym
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Single Oven
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Marble

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Pool

  • Outdoor Pool

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 74434327410006050

Community Details

Overview

  • Association fees include insurance, cable TV, trash, sewer, water
  • 172 Units
  • Rapallo South Community
  • 19-Story Property

Amenities

  • Doorman
  • Laundry Facilities
  • Elevator

Recreation

Pet Policy

  • Pets Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condo-Op

Est. Annual Taxes

$6,192

Year Built

Built in 1973

Lot Details

0

HOA Fees

$698 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condo/Co-Op
  • Directions: South On Flagler Drive from Okeechobee
  • Building Name: Rapallo South
  • Year Built: 1973
  • Location Tax Legal:Name of Building: Rapallo South
  • Location Tax Legal:Zoned: RD-1
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 6192.0
  • Location Tax Legal:Tax Year2: 2017
  • General Property Description:Living Area: 1348.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • General Property Description:Maintenance Amount: 697.96
  • General Property Description:Per: Month
  • General Property Description:_pound_ Units in Complex: 172
  • General Property Description:_pound_ Floors: 19.0
  • Waterfront-Building:ICW-Across Street: Yes
  • Exposure of Unit:East2: Yes
  • Pool:Pool3: 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:Garbage Pickup: Yes
  • Maintenance Includes:Sewer2: Yes
  • Maintenance Includes:Water2: Yes
  • Exposure of Unit:North2: Yes
  • Floors:Marble: Yes
  • Floors:WW Carpeting: Yes
  • Laundry:Laundry in Building: Yes
  • Pets:Pets Allowed: Yes
  • Maintenance Includes:Cable TV: Yes
  • Waterfront-Unit:ICW-Across Street2: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Freezer, Oven-Single, Microwave
  • Total Bedrooms: 2
  • Flooring: Marble, W/W Carpeting
  • Interior Amenities: Cable, Storage, Wndw Trmnts Included, Smoke Alarms, Pantry
  • Living Area: 1348.0
  • Stories: 19
  • Interior Features:Smoke Alarms: Yes
  • Interior Features:Storage: Yes
  • Interior Features:Wndw Trmnts Included: Yes
  • Other Rooms:Eat-in Kitchen: Yes
  • Other Rooms:Pantry: 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
  • Exterior Features: Elevator, Exercise Room, Lobby
  • Exterior Features:Elevator2: Yes
  • Exterior Features:Exercise Room2: Yes
  • Exterior Features:Lobby: Yes

Garage/Parking

  • Parking:_one_ Car2: Yes
  • Parking:Other2: Yes

Utilities

  • Laundry Features: Laundry in Building
  • Security: Other Security, 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, Trash, Sewer, Water

Lot Info

  • Development Status: Land Owned
  • Parcel #: 74434327410006050
  • Zoning: RD-1

Rental Info

  • Pets Other: 1 pet

Multi Family

  • Number Of Units Total: 172
  • Maintenance Expense: 697.96

Tax Info

  • Tax Annual Amount: 6192.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2018
Closed on
Aug 23, 2018
Sold by
Baskies Jeffrey A and Estate Of Robert Jolin Osborne
Bought by
Schulman Barry I and Schulman Kathryn B
Seller's Agent
MICHAEL PAPPAS
Illustrated Properties LLC PB
Buyer's Agent
SHELLY NEWMAN
THE FITE GROUP-Luxury Homes PB
List Price
$450,000
Sold Price
$450,000
Total Days on Market
3
Current Estimated Value
$837,621

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$387,621
Avg. Annual Appreciation
9.60%

Purchase Details

Closed on
Jun 8, 2004
Sold by
Brophy Gale Sorensen
Bought by
Osborne Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 3, 2003
Sold by
Cohee H Lee and Henry Thornton M
Bought by
Brophy Gale Sorensen

Purchase Details

Closed on
Apr 18, 1996
Sold by
Louis J Rothman Tr
Bought by
Hamilton Henry T and Hamilton Lois C

Purchase Details

Closed on
May 24, 1994
Sold by
Rothman Mary K
Bought by
Rothman Louis J
Source: Public Records

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Range of Values:

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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
Schulman Barry I $450,000 Attorney
Osborne Robert $455,000 Premier Title Company Ltd
Brophy Gale Sorensen $202,500 --
Brophy Gale Sorensen -- --
Brophy Gale Sorensen -- --
Hamilton Henry T $92,000 --
Rothman Louis J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Osborne Robert $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2018 08/27/18 Sold $450,000 0.0% $334 / Sq Ft
08/27/2018 08/27/18 Sold $450,000 0.0% $334 / Sq Ft
07/28/2018 07/28/18 Pending -- -- --
05/10/2018 05/10/18 Pending -- -- --
05/07/2018 05/07/18 For Sale $450,000 -32.3% $334 / Sq Ft
11/07/2017 11/07/17 For Sale $665,000 -- $493 / 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 $4,876 $550,000 -- --
2023 $11,284 $580,000 $0 $580,000
2022 $7,929 $319,000 $0 $0
2021 $6,503 $290,000 $0 $290,000
2020 $6,237 $275,000 $0 $275,000
2019 $8,314 $366,000 $0 $366,000
2018 $6,672 $306,000 $0 $306,000
2017 $6,192 $286,000 $0 $0
2016 $6,157 $247,566 $0 $0
2015 $5,842 $225,060 $0 $0
2014 $5,276 $204,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 17-2266

APN: 74-43-43-27-41-000-6050