NOT LISTED FOR SALE

216 Australian Ave Unit 2 Palm Beach, FL 33480

Estimated Value: $8,410,000

1 Bed
1 Bath
625 Sq Ft
$13,456/Sq Ft Est. Value

Highlights

  • Cooling Available
  • Tile Flooring
  • 1 Car Garage
  • Palm Beach Public School Rated A-
  • Ceiling Fan
  • Northeast Facing Home

About This Home

As of February 2024

Located in the heart of Palm Beach, walk to Worth Avenue. Unfurnished annual rental.
Washer/Dryer located in unit. Three closets. Off street parking for one car. No Pets. Background and Credit
Check required.

Last Agent to Rent the Property

Maureen Woodward

Brown Harris Stevens of Palm Beach 5225 License #537895 Listed on: 10/18/2023

Brown Harris Stevens of Palm Beach 5225

Last Renter's Agent

Lore Smith

Sotheby's International Realty, Inc. License #471429

Sotheby's International Realty, Inc.

Property Details

Home Type

  • Condo-Op

Est. Annual Taxes

  • $47,219

Year Built

  • Built in 1949

Lot Details

  • Northeast Facing Home
  • Back Yard Fenced

Interior Spaces

  • 625 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Window Treatments
  • Tile Flooring

Kitchen

  • Single Oven
  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Fire and Smoke Detector
  • Pest Guard System

Parking

  • 1 Car Garage
  • No Garage

Eco-Friendly Details

  • Non-Toxic Pest Control

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • Front Yard Maintenance
  • 4 Units
  • Royal Park Community
  • On-Site Maintenance

Listing and Financial Details

  • Security Deposit $3,250
  • Rent includes water, sewer
  • 12 Month Lease Term
  • Assessor Parcel Number 50434323050070090

Property Details

Home Type

Condo-Op

Est. Annual Taxes

$47,219

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Sub Type: Condo/Coop
  • Prop. Type: Residential Lease
  • Subdivision Name: N/A
  • Directions: Middle Bridge to Palm Beach Island. Make third right onto Hibiscus Ave, then second left on to Australian Ave. Home is on the right side.
  • Architectural Style: Two Story
  • Building Name: Royal Park
  • Garage Yn: Yes
  • Year Built: 1949
  • Location Tax Legal:Name of Building: Royal Park
  • General Property Description:Living Area: 625.0
  • General Property Description:Pool: No
  • General Property Description:Waterfront: No
  • General Property Description:_pound_ Units in Complex: 4
  • General Property Description:_pound_ Floors: 2.0
  • Exposure of Unit:East2: Yes
  • Floors:Tile: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Exposure of Unit:North2: Yes
  • Style:Two Story: Yes
  • Contract Information:Deposit Amount: 3250.0
  • Laundry:Laundry in Unit2: Yes
  • Pets:Pets Allowed: No
  • Lease Type:Annual: Yes
  • Services Included:Garbage: Yes
  • Utilities Included:Water: Yes
  • Utilities Included:Sewer3: Yes
  • Services Included:Pest Control2: Yes
  • Services Included:Yard Services: Yes
  • ACHeat:Units Air: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Refrigerator, Range-Electric, Oven-Single, Washer, Dryer
  • Total Bedrooms: 1
  • Flooring: Tile
  • Interior Amenities: Ceiling Fan, Wndw Trmnts Included, Smoke Alarms
  • Living Area: 625.0
  • Stories: 2
  • Interior Features:Wndw Trmnts Included: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Range - Electric: Yes
  • Interior Features:Ceiling Fan: Yes
  • Appliances:Oven-Single: Yes
  • Interior Features:Smoke Alarms2: Yes

Exterior Features

  • Pool Features: No Pool
  • Pool Private: No
  • Exterior Features: Fence-Back Wall
  • Exterior Features:Fence - Back Wall: Yes

Garage/Parking

  • Parking:_one_ Car2: Yes
  • Parking:No Garage2: Yes
  • Parking:Covered Parking2: Yes

Utilities

  • Laundry Features: Laundry in Unit
  • Security: No Security
  • Heating: Units Air
  • Heating Yn: Yes

Condo/Co-op/Association

  • HOA Rent Includes: Water, Sewer
  • Amenities: Pest Control, Garbage, Yard Services

Lot Info

  • Parcel #: 50434323050070090

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2009
Sold by
Jamgochian George M and Jamgochian Deborah S
Bought by
216 Australian Ave Llc
Current Estimated Value
$8,410,000

Purchase Details

Closed on
Aug 21, 2008
Sold by
Sexton Block Holdings Llc
Bought by
Jamgochian George M and Jamgochian Deborah S

Purchase Details

Closed on
Jun 15, 2007
Sold by
Kruchten Jed and Kruchten Veronica
Bought by
Sexton Block Holdings Llc

Purchase Details

Closed on
Aug 22, 2006
Sold by
Luke Investments Inc
Bought by
Kruchten Jed and Kruchten Veronica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
1.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 24, 2006
Sold by
Bank One Na and Andre Laura
Bought by
Luke Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
1.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 20, 2000
Sold by
Hobe Sound Land Inc
Bought by
Andre Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$595,000
Interest Rate
7.87%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
216 Australian Ave Llc -- Attorney
Jamgochian George M -- Attorney
Sexton Block Holdings Llc $1,525,000 Attorney
Kruchten Jed $1,300,000 Attorney
Luke Investments Inc $1,015,700 None Available
Andre Laura $700,000 --
Hobe Sound Land Inc $475,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kruchten Jed $975,000
Previous Owner Andre Laura $130,000
Previous Owner Hobe Sound Land Inc $595,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2024 02/01/24 Rented $2,850 0.0% --
01/29/2024 01/29/24 Under Contract -- -- --
01/16/2024 01/16/24 Price Changed $2,850 -3.4% $5 / Sq Ft
01/08/2024 01/08/24 Price Changed $2,950 -1.7% $5 / Sq Ft
11/29/2023 11/29/23 Price Changed $3,000 -7.7% $5 / Sq Ft
10/18/2023 10/18/23 For Rent $3,250 +113.1% --
09/11/2015 09/11/15 Rented $1,525 0.0% --
09/11/2015 09/11/15 For Rent $1,525 -- --
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 $47,219 $2,162,532 -- --
2023 $45,540 $1,965,938 $0 $0
2022 $36,804 $1,787,216 $0 $0
2021 $31,477 $2,075,981 $2,062,500 $13,481
2020 $26,396 $1,482,545 $1,470,000 $12,545
2019 $24,634 $1,342,762 $1,330,000 $12,762
2018 $25,194 $1,423,535 $1,413,629 $9,906
2017 $23,542 $1,292,193 $1,285,117 $7,076
2016 $22,151 $1,200,564 $0 $0
2015 $20,560 $1,091,422 $0 $0
2014 $19,046 $992,401 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Landlord's Agent in 2024

    Maureen Woodward

    Brown Harris Stevens of Palm Beach 5225

    (561) 371-0100

    18 Total Sales

    Maureen Woodward
    Section Image

  • L

    Tenant's Agent in 2024

    Lore Smith

    Sotheby's International Realty, Inc.

    (561) 386-9777

    6 Total Sales

    Lore Smith
    Section Image

  • M

    Seller's Agent in 2015

    MIA MORRISON

    Douglas Elliman

  • C

    Buyer's Agent in 2015

    Cara McClure

    Douglas Elliman

    (561) 655-8600

    168 Total Sales

    Cara McClure
    Section Image
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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 23-1636

APN: 50-43-43-23-05-007-0090

Florida Palm Beach County Palm Beach 33480

216 Australian Ave Unit 2, Palm Beach, FL

This home is located at 216 Australian Ave Unit 2, Palm Beach, FL 33480 since 18 October 2023 and is currently priced at $8,410,000. This property was built in 1949. 216 Australian Ave Unit 2 is a home located in Palm Beach County with nearby schools including Palm Beach Public School, Conniston Middle School, and Forest Hill Community High School.

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