NOT LISTED FOR SALE

2 Royal Palm Way Unit 3040 Boca Raton, FL 33432

Estimated Value: $282,061 - $385,000

2 Beds
1 Bath
1,010 Sq Ft
$531/mo HOA Fee

Last Sold March 30, 2020

Last sale price $125,000 $124 Per Sq Ft

Est. 173% increase in value since last sale

Current estimated payment $2,664/month

533 Days on Market

Highlights

  • Fitness Center
  • Gated with Attendant
  • 1,310,454 Sq Ft lot
  • Boca Raton Community Middle School Rated A-
  • Waterfront
  • Community Pool

About This Home

As of March 2020

2/1 Boca Bayou condo with expansive views of the Hillsboro Canal from a covered patio! Prime East Boca location in biking distance to the beach and Mizer Park! Gated community with many amenities including shuffleboard, exercise room, tennis, and community pool.

Last Agent to Sell the Property

Brian Boles

RE/MAX Services License #SL-0655160 Listed on: 09/13/2018

RE/MAX Services

Last Buyer's Agent

Karen J. Anderson

Champagne & Parisi Real Estate License #3141013

Champagne & Parisi Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,306

Year Built

  • Built in 1979

Lot Details

  • Waterfront

HOA Fees

  • $531 Monthly HOA Fees

Interior Spaces

  • 1,010 Sq Ft Home
  • 3-Story Property
  • Combination Dining and Living Room

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Stacked Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Seawall
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 06434731060023040

Community Details

Overview

  • Boca Bayou Condo Subdivision

Recreation

  • Tennis Courts
  • Shuffleboard Court
  • Fitness Center
  • Community Pool

Security

  • Gated with Attendant

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,306

Year Built

Built in 1979

Lot Details

0

HOA Fees

$531 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Federal hwy right on Royal Palm Way, community is on the left.
  • Year Built: 1979
  • Year Built Details: Resale
  • Special Features: 12

Interior Features

  • Interior Amenities: Living/Dining Room, Stacked Bedrooms
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Carpet, Laminate, Tile
  • Living Area: 1010.0
  • Stories: 3

Exterior Features

  • Pool Features: None, Association, Community
  • Waterfront Features: Seawall
  • Waterfront: Yes
  • Construction Type: Block
  • Property Condition: Resale

Garage/Parking

  • Garage Yn: No

Utilities

  • Security: Gated with Guard
  • Green Building Features: Exterior Lighting
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 531.0
  • Community Features: Fitness Center, Pool, Shuffleboard, Sidewalks, Tennis Court(s)
  • Senior Community: No
  • Amenities: Pool, Shuffleboard Court, Tennis Court(s)
  • Association Fee Frequency: Monthly
  • Pets Allowed: Conditional

Lot Info

  • Parcel #: 06434731060023040
  • Lot Size Sq Ft: 1310454.0
  • Zoning Description: R4(cit
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 1306.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2018
Closed on
Mar 30, 2020
Sold by
Russo Frederick and Russo Tina
Bought by
Bloom Jonathan and Nel Bloom
Seller's Agent
Brian Boles
RE/MAX Services
Buyer's Agent
Karen J. Anderson
Champagne & Parisi Real Estate
List Price
$209,900
Sold Price
$125,000
Premium/Discount to List
-$84,900
-40.45%
Current Estimated Value
$341,015

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$216,015
Avg. Annual Appreciation
19.78%

Purchase Details

Closed on
Feb 28, 2006
Sold by
Faughnan Thomas J and Faughnan Barbara
Bought by
Russo Frederick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.4%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 16, 1997
Sold by
Murtha Robert R and Murtha B
Bought by
Faughnan Thomas J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,750
Interest Rate
7.39%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Bloom Jonathan $125,000 Corporate Title Inc
Russo Frederick $250,000 Attorney
Faughnan Thomas J $69,500 --
Faughnan Thomas J $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Russo Frederick $200,000
Previous Owner Faughnan Thomas J $44,602
Previous Owner Faughnan Thomas J $34,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/30/2020 03/30/20 Sold $125,000 -40.4% $124 / Sq Ft
02/29/2020 02/29/20 Pending -- -- --
09/13/2018 09/13/18 For Sale $209,900 -- $208 / Sq Ft
Source: BeachesMLS

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 $3,968 $187,671 -- --
2023 $3,692 $170,610 $0 $0
2022 $3,342 $155,100 $0 $0
2021 $2,787 $141,000 $0 $141,000
2020 $1,447 $107,134 $0 $0
2019 $1,439 $104,725 $0 $0
2018 $1,334 $102,772 $0 $0
2017 $1,306 $100,658 $0 $0
2016 $1,279 $98,588 $0 $0
2015 $1,289 $97,903 $0 $0
2014 $1,290 $97,126 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brian Boles

    Seller's Agent in 2020

    Brian Boles

    RE/MAX

    (561) 350-3082

    273 Total Sales

    Brian Boles
    Section Image
  • Karen J. Anderson

    Buyer's Agent in 2020

    Karen J. Anderson

    Champagne & Parisi Real Estate

    (561) 542-4240

    56 Total Sales

    Karen J. Anderson
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10463763

BeachesMLS

APN: 06-43-47-31-06-002-3040

Florida Palm Beach County Boca Raton 33432

2 Royal Palm Way Unit 3040, Boca Raton, FL

This home is located at 2 Royal Palm Way Unit 3040, Boca Raton, FL 33432 since 13 September 2018 and is currently estimated at $341,015, approximately $337 per square foot. This property was built in 1979. 2 Royal Palm Way Unit 3040 is a home located in Palm Beach County with nearby schools including Boca Raton Elementary School, Boca Raton Community Middle School, and Boca Raton Community High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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