NOT LISTED FOR SALE

216 Australian Ave Unit 4 Palm Beach, FL 33480

Estimated Value: $8,410,000

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

Highlights

  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Palm Beach Public School Rated A-

About This Home

As of June 2013

Charming renovated 1BR/1BA Palm Beach pied a'terre. Living and dining area with galley kitchen. Off street parking and laundry in the unit. Small, very well maintained complex with a total of 4 units. Great location in the heart of Palm Beach close to all restaurants, shops, airport and all Palm Beach amenities. Excellent landlord.

Last Agent to Rent the Property

Mia Morrison

The Corcoran Group License #3077087 Listed on: 04/03/2013

The Corcoran Group

Last Renter's Agent

Judge Moss

Sotheby's Intl. Realty, Inc. License #696672

Sotheby's Intl. Realty, Inc.

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $47,219

Year Built

  • 1949

Lot Details

  • 6,273

Parking

  • Covered Parking

Home Design

  • 625 Sq Ft Home

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Community Details

  • 4 Units
  • Royal Park Add Subdivision

Listing and Financial Details

  • Property Available on 3/25/13
  • Assessor Parcel Number 50434323050070090

Property Details

Home Type

Apartment

Est. Annual Taxes

$47,219

Year Built

1949

Lot Details

0

Rental Info

  • Tenant Pays: Exterior Electric
  • Available Date: 2013-03-25

Listing Details

  • Prop. Type: Residential Lease
  • Property Sub Type: Apartment
  • Property Sub Type Additional: Apartment
  • Directions: I-95 to Okeechobee Blvd. Right on Lake Drive. Left on Australian.
  • Special Features: None
  • Year Built (Public Record): 1949

Interior Features

  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Disposal, Refrigerator, Washer
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Ceramic Tile, Wood
  • Living Area: 625.0

Exterior Features

  • Pool Features: None
  • Waterfront: No

Garage/Parking

  • Garage Yn: No
  • Parking Features: Covered

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Wall Furnace
  • Heating Yn: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: Other
  • Pets Allowed: No

Lot Info

  • Parcel #: 50434323050070090

Multi Family

  • Number Of Units In Community: 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
06/01/2013 06/01/13 Rented $1,500 0.0% --
05/02/2013 05/02/13 Under Contract -- -- --
04/03/2013 04/03/13 For Rent $1,500 -- --
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 $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

  • Mia Morrison

    Landlord's Agent in 2013

    Mia Morrison

    The Corcoran Group

    (561) 379-7691

    48 Total Sales

    Mia Morrison
    Section Image
  • Judge Moss

    Tenant's Agent in 2013

    Judge Moss

    Sotheby's Intl. Realty, Inc.

    (561) 662-7821

    29 Total Sales

    Judge Moss
    Section Image
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Map

Source: BeachesMLS

MLS Number: R3357031

BeachesMLS

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

Florida Palm Beach County Palm Beach 33480

216 Australian Ave Unit 4, Palm Beach, FL

This home is located at 216 Australian Ave Unit 4, Palm Beach, FL 33480 since 03 April 2013 and is currently priced at $8,410,000. This property was built in 1949. 216 Australian Ave Unit 4 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.

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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