NOT LISTED FOR SALE

225 Everglade Ave Unit 5 Palm Beach, FL 33480

North End Neighborhood

Estimated Value: $1,598,000 - $1,951,863

1 Bed
1 Bath
995 Sq Ft
$867/mo HOA Fee

Last Sold January 12, 2024

Last sale price $1,850,000 $1,859 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $12,802/month

1 Day on Market

Highlights

  • Garden View
  • Walk-In Closet
  • Central Heating and Cooling System
  • Palm Beach Public School Rated A-
  • Patio
  • Combination Dining and Living Room

About This Home

As of January 2024

This Palm Beach light-filled jewel can be your winter getaway or the place you call home. Fabulous location just steps from the Beach and the Intracoastal Lake Trail in Mid-Town. Dining, shopping, entertaining and strolling are literally steps from your front door. Entertain in your front garden and enjoy the cozy seating area. Spacious interior and just enough kitchen. Dedicated parking for 1 car and a guest is conveniently located just off the kitchen door in the rear of the apartment. Come see it before its gone!

Last Agent to Sell the Property

JIM McCANN

Premier Estate Properties, Inc License #397290 Listed on: 12/11/2023

Last Buyer's Agent

Joseph Scheerer

Douglas Elliman License #3294010

Douglas Elliman

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $16,222

Year Built

  • Built in 1985

HOA Fees

  • $867 Monthly HOA Fees

Parking

  • Assigned Parking

Home Design

  • Tar and Gravel Roof

Interior Spaces

  • 995 Sq Ft Home
  • 1-Story Property
  • Sliding Windows
  • Combination Dining and Living Room
  • Garden Views
  • Washer and Dryer

Kitchen

  • Built-In Oven
  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • 1 Full Bathroom

Outdoor Features

  • Patio

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 50434315310000050

Community Details

Overview

  • Association fees include insurance
  • Island Villas Condo Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$16,222

Year Built

Built in 1985

Lot Details

0

HOA Fees

$867 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Flagler Memorial Bridge to Palm Beach Island, left at the light onto Bradley Place. Everglade Avenue is a one-way east bound.
  • Year Built: 1985
  • Entry Level: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Living/Dining Room, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Built-In Oven, Dishwasher, Electric Range, Microwave, Refrigerator, Washer/Dryer
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Carpet, Laminate
  • Stories: 1
  • Window Features: Sliding

Exterior Features

  • Exterior Features: Patio
  • View: Garden
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Tar/Gravel

Garage/Parking

  • Garage Yn: No
  • Parking Features: Assigned

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 867.0
  • Community Features: Non-Gated
  • Senior Community: No
  • Amenities: Other
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Insurance

Lot Info

  • Parcel #: 50434315310000050
  • Zoning Description: R-C(ci

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 16222.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2023
Closed on
Jan 11, 2024
Sold by
Rakov Theresa and Rakov Van Patten
Bought by
Shaw Michael
Seller's Agent
JIM McCANN
Premier Estate Properties, Inc
Buyer's Agent
Joseph Scheerer
Douglas Elliman
List Price
$1,795,000
Sold Price
$1,850,000
Premium/Discount to List
$55,000
3.06%
Total Days on Market
1
Views
37
Current Estimated Value
$1,771,216

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$78,784
Avg. Annual Appreciation
-3.10%
Original Mortgage
$1,110,000
Outstanding Balance
$1,094,350
Interest Rate
5.7%
Mortgage Type
New Conventional
Estimated Equity
$676,866

Purchase Details

Closed on
Oct 6, 2020
Sold by
Rakov Theresa and Estate Of Robert Rakov
Bought by
Rakov Theresa

Purchase Details

Closed on
May 5, 2003
Sold by
Rakov Robert W
Bought by
Rakov Robert D and Vanpatten Kathryn L

Purchase Details

Closed on
Feb 14, 2002
Sold by
Rakov Robert D and Vanpatten Kathryn L
Bought by
Rakov Robert W

Purchase Details

Closed on
Sep 24, 2001
Sold by
Rakov Robert W
Bought by
Rakov Robert D and Vanpatten Kathryn L

Purchase Details

Closed on
Jun 16, 1995
Sold by
Rakov Robert W
Bought by
Rakov Robert W and Rakov Beatrice
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
Shaw Michael $1,850,000 None Listed On Document
Rakov Theresa -- Attorney
Rakov Robert D -- --
Rakov Robert W -- --
Rakov Robert D -- --
Rakov Robert W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shaw Michael $1,110,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/12/2024 01/12/24 Sold $1,850,000 +3.1% $1,859 / Sq Ft
12/13/2023 12/13/23 Pending -- -- --
12/11/2023 12/11/23 For Sale $1,795,000 0.0% $1,804 / Sq Ft
07/01/2020 07/01/20 Rented $2,900 0.0% --
06/01/2020 06/01/20 Under Contract -- -- --
04/15/2020 04/15/20 For Rent $2,900 -- --
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 $24,254 $1,600,000 -- --
2023 $16,222 $638,880 $0 $1,600,000
2022 $10,158 $580,800 $0 $0
2021 $9,343 $575,000 $0 $575,000
2020 $8,364 $480,000 $0 $480,000
2019 $8,029 $450,000 $0 $450,000
2018 $7,397 $450,000 $0 $450,000
2017 $6,872 $405,000 $0 $0
2016 $6,251 $338,800 $0 $0
2015 $6,118 $308,000 $0 $0
2014 $5,181 $280,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    JIM McCANN

    Premier Estate Properties, Inc

    (561) 307-1525

    31 in this area

    80 Total Sales

    JIM McCANN
    Section Image

  • J

    Buyer's Agent in 2024

    Joseph Scheerer

    Douglas Elliman

    (561) 655-8600

    15 in this area

    70 Total Sales

    Joseph Scheerer
    Section Image

  • T

    Seller's Agent in 2020

    Tony Angiuli

    Shore Group Realty Inc.

    (561) 346-5487

    8 Total Sales

    Tony Angiuli
    Section Image
  • Averell Fisk

    Buyer's Agent in 2020

    Averell Fisk

    Illustrated Properties LLC

    (561) 366-1121

    6 Total Sales

    Averell Fisk
    Section Image
See All Agents

Map

Source: BeachesMLS

MLS Number: R10942269

BeachesMLS

APN: 50-43-43-15-31-000-0050

Florida Palm Beach County Palm Beach 33480 North End

225 Everglade Ave Unit 5, Palm Beach, FL

This home is located at 225 Everglade Ave Unit 5, Palm Beach, FL 33480 since 11 December 2023 and is currently estimated at $1,771,216, approximately $1,780 per square foot. This property was built in 1985. 225 Everglade Ave Unit 5 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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