NOT LISTED FOR SALE

221 Oleander Ave Unit 1-4 Palm Beach, FL 33480

North End Neighborhood

Estimated Value: $6,289,000 - $8,741,000

4 Beds
4 Baths
2,400 Sq Ft
$3,152/Sq Ft Est. Value

Last Sold September 04, 2015

Last sale price $1,160,000 $483 Per Sq Ft

Est. 552% increase in value since last sale

Current estimated payment $49,502/month

61 Days on Market

Highlights

  • Property has ocean access
  • Water Views
  • Porch
  • Palm Beach Public School Rated A-
  • Marble Flooring
  • Cooling System Mounted To A Wall/Window

About This Home

As of September 2015

This home is located at 221 Oleander Ave Unit 1-4, Palm Beach, FL 33480 since 04 June 2015 and is currently estimated at $7,564,574, approximately $3,151 per square foot. This property was built in 1955. 221 Oleander Ave Unit 1-4 is a home located in Palm Beach County with nearby schools including Palm Beach Public School, Conniston Middle School, and Palm Beach Lakes Community High School.

Last Agent to Sell the Property

Marcelo Jimenez

Waterfront Properties & Club C License #3058992 Listed on: 06/04/2015

Last Buyer's Agent

Marcelo Jimenez

Waterfront Properties & Club C License #3058992 Listed on: 06/04/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,774

Year Built

  • Built in 1955

Lot Details

  • 4,182

Home Design

  • Concrete Roof

Interior Spaces

  • 2,400 Sq Ft Home
  • 2-Story Property
  • Water Views

Flooring

  • Wood
  • Marble

Outdoor Features

  • Property has ocean access
  • Open Patio
  • Porch

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Wall Furnace
  • Cable TV Available

Listing and Financial Details

  • Total Actual Rent $73,200
  • Rent includes electricity, sewer, cable TV, water
  • Assessor Parcel Number 50434315050000200

Community Details

Overview

  • Association fees include cable TV, electricity, HVAC, hot water, insurance, parking, sewer, trash, water
  • 4 Units
  • Daisy E Erbs Subdivision

Building Details

  • Operating Expense $21,000
  • Net Operating Income $52,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,774

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: ROYAL POINCIANA TO SOUTH COUNTY ROAD HEAD NORT 3 BLOCKS ON LEFT SIDE OF SOUTH COUNTY
  • Year Built: 1955
  • Unit Levels: Two
  • Building Stories: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Marble, Wood
  • Living Area: 2400.0

Exterior Features

  • Exterior Features: Porch
  • View: Water
  • Pool Features: None
  • View: Yes
  • Waterfront Features: Ocean Access
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Open, Porch
  • Roof: Concrete

Utilities

  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Electric, Wall Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Electricity, Sewer, Cable TV, Water
  • Senior Community: No

Fee Information

  • Association Fee Includes: Cable TV, Electricity, HVAC, Hot Water, Insurance, Parking, Sewer, Trash, Water

Lot Info

  • Parcel #: 50434315050000200
  • Zoning Description: RC

Rental Info

  • Tenant Pays: Exterior Electric, Sewer, Water

Multi Family

  • Property Net Operating Income: 52200.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 21000.0
  • Total Actual Rent: 73200.0

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 13774.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 13, 2023
Sold by
Tauro Adrian
Bought by
221 Oleander Pb Corp
Total Days on Market
61
Current Estimated Value
$7,564,574

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Outstanding Balance
$1,010,591
Interest Rate
7.49%
Mortgage Type
Seller Take Back
Estimated Equity
$6,377,836

Purchase Details

Closed on
Jan 11, 2022
Sold by
221 Oleander Llc
Bought by
Tauro Adrian

Purchase Details

Closed on
Jul 26, 2019
Sold by
Thought Development Llc
Bought by
221 Oleander Llc

Purchase Details

Closed on
Feb 11, 2019
Sold by
Barnacle Pb Llc
Bought by
Thought Development Llc

Purchase Details

Closed on
Jan 12, 2016
Sold by
Sunrise 221 Oleander 2015 Llc
Bought by
Barnacle Pb Llc

Purchase Details

Listed on
Jun 4, 2015
Closed on
Sep 4, 2015
Sold by
Petrou Marina Gregoris
Bought by
Sunrise Lane Partners Llc
Seller's Agent
Marcelo Jimenez
Waterfront Properties & Club C
Buyer's Agent
Marcelo Jimenez
Waterfront Properties & Club C
List Price
$1,175,000
Sold Price
$1,160,000
Premium/Discount to List
-$15,000
-1.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.91%
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
221 Oleander Pb Corp $7,100,000 None Listed On Document
Tauro Adrian $6,300,000 Rabideau Klein
221 Oleander Llc $2,700,000 Attorney
Thought Development Llc -- Attorney
Barnacle Pb Llc $1,175,000 Attorney
Sunrise Lane Partners Llc $1,088,405 First Priority Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 221 Oleander Pb Corp $2,000,000
Previous Owner 221 Oleander Llc $1,890,000
Previous Owner Petrou Peter E $250,000
Previous Owner Petrou Marina G $225,000
Previous Owner Petrou Marina G $225,000
Previous Owner Petrou Marina G $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2015 09/04/15 Sold $1,160,000 -1.3% $483 / Sq Ft
08/05/2015 08/05/15 Pending -- -- --
06/04/2015 06/04/15 For Sale $1,175,000 -- $490 / 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 $84,457 $5,598,679 -- --
2023 $86,209 $5,668,896 $2,340,000 $3,328,896
2022 $37,340 $2,231,364 $0 $0
2021 $34,105 $2,028,513 $1,253,000 $775,513
2020 $36,035 $2,113,582 $1,100,000 $1,013,582
2019 $29,774 $1,697,844 $1,056,000 $641,844
2018 $17,638 $1,108,939 $1,108,939 $0
2017 $16,170 $873,180 $873,180 $0
2016 $17,163 $932,563 $0 $0
2015 $13,692 $708,050 $0 $0
2014 $13,775 $701,873 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2015

    Marcelo Jimenez

    Waterfront Properties & Club C

    (561) 389-9378

    9 Total Sales

    Marcelo Jimenez
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Map

Source: BeachesMLS

MLS Number: R10141510

BeachesMLS

APN: 50-43-43-15-05-000-0200

Florida Palm Beach County Palm Beach 33480 North End

221 Oleander Ave Unit 1-4, Palm Beach, FL

This home is located at 221 Oleander Ave Unit 1-4, Palm Beach, FL 33480 since 04 June 2015 and is currently estimated at $7,564,574, approximately $3,151 per square foot. This property was built in 1955. 221 Oleander Ave Unit 1-4 is a home located in Palm Beach County with nearby schools including Palm Beach Public School, Conniston Middle School, and Palm Beach Lakes 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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