225 Everglade Ave Unit 50 Palm Beach, FL 33480
North End NeighborhoodEstimated Value: $1,598,000 - $1,951,863
1
Bed
1
Bath
995
Sq Ft
$1,780/Sq Ft
Est. Value
Highlights
- Lanai
- Patio
- 1 Car Garage
- Palm Beach Public School Rated A-
- Central Heating and Cooling System
- Laundry Facilities
About This Home
As of January 2024This 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! DISCLAIMER: Information published or otherwise provided by the listing company and its representatives including but not limited to prices, measurements, square footages, lot sizes, calculations, statistics, and videos are deemed reliable but are not guaranteed and are subject to errors, omissions or changes without notice. All such information should be independently verified by any prospective purchaser or seller. Parties should perform their own due diligence to verify such information prior to a sale or listing. Listing company expressly disclaims any warranty or representation regarding such information. Prices published are either list price, sold price, and/or last asking price. The listing company participates in the Multiple Listing Service and IDX. The properties published as listed and sold are not necessarily exclusive to listing company and may be listed or have sold with other members of the Multiple Listing Service. Transactions where listing company represented both buyers and sellers are calculated as two sales. The listing company's marketplace is all of the following: Vero Beach, Town of Orchid, Indian River Shores, Town of Palm Beach, West Palm Beach, Manalapan Beach, Point Manalapan, Hypoluxo Island, Ocean Ridge, Gulf Stream, Delray Beach, Highland Beach, Boca Raton, East Deerfield Beach, Hillsboro Beach, Hillsboro Shores, East Pompano Beach, Lighthouse Point, Sea Ranch Lakes and Fort Lauderdale. Cooperating brokers are advised that in the event of a Buyer default, no financial fee will be paid to a cooperating Broker on the Deposits retained by the Seller. No financial fee will be paid to any cooperating broker until title passes or upon actual commencement of a lease. Some affiliations may not be applicable to certain geographic areas. If your property is currently listed with another broker, please disregard any solicitation for services. Copyright 2023 by the listing company. All Rights Reserved.
Last Listed By
Premier Estate Properties, Inc. - Palm Beach License #BK-397290 Listed on: 12/11/2023
Property Details
Home Type
- Condo-Op
Est. Annual Taxes
- $16,222
Year Built
- Built in 1985
HOA Fees
- $887 Monthly HOA Fees
Interior Spaces
- 995 Sq Ft Home
- 1-Story Property
- Dining Area
- Wall to Wall Carpet
Kitchen
- Single Oven
- Electric Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Parking
- 1 Car Garage
- No Garage
Outdoor Features
- Patio
- Lanai
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 50434315310000050
Community Details
Overview
- Association fees include insurance, sewer
- 9 Units
- Island Villas Community
Amenities
- Laundry Facilities
Pet Policy
- Pets Allowed
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. - Palm Beach
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
2
Views
27
Current Estimated Value
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
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Similar Homes in Palm Beach, FL
Home Values in the Area
Average Home Value in this Area
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 | -- | $1,804 / Sq Ft |
Source: Palm Beach Board of REALTORS®
Tax History Compared to Growth
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
-
JIM McCANN
J
Seller's Agent in 2024
JIM McCANN
Premier Estate Properties, Inc. - Palm Beach
(561) 307-1525
31 in this area
80 Total Sales
-
Joseph Scheerer
J
Buyer's Agent in 2024
Joseph Scheerer
Douglas Elliman
(561) 655-8600
15 in this area
70 Total Sales
Map
Source: Palm Beach Board of REALTORS®
MLS Number: 23-2001
APN: 50-43-43-15-31-000-0050
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