NOT LISTED FOR SALE

227 Australian Ave Unit 5B Palm Beach, FL 33480

Estimated Value: $2,818,000 - $3,448,000

2 Beds
2 Baths
1,287 Sq Ft
$1,876/mo HOA Fee

Last Sold May 05, 2022

Last sale price $2,850,000 $2,214 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $21,287/month

59 Days on Market

Highlights

  • Doorman
  • Wood Flooring
  • Separate Shower in Primary Bathroom
  • Palm Beach Public School Rated A-
  • Community Pool
  • Laundry Room

About This Home

As of May 2022

Beautifully renovated top floor apartment in The Melbourne House. Stunning SE & West views overlooking Palm Beach. Covered Parking with 24-hour doorman. Split floor plan. All impact glass windows & doors.

Last Agent to Sell the Property

Liza Pulitzer

Brown Harris Stevens of PB License #538250 Listed on: 02/04/2022

Brown Harris Stevens of PB

Co-Listed By

Whitney McGurk

Brown Harris Stevens of PB License #3336039

Last Buyer's Agent

Kelly Cushing

Douglas Elliman License #3355974

Douglas Elliman

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,890

Year Built

  • Built in 1984

HOA Fees

  • $1,876 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Assigned Parking

Home Design

  • Entry on the 5th floor

Interior Spaces

  • 1,287 Sq Ft Home
  • Wood Flooring

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Washer and Dryer

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 50434326170000052

Community Details

Overview

  • 25 Units
  • Melborne House Condo Subdivision
  • 5-Story Property

Amenities

  • Doorman

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$12,890

Year Built

Built in 1984

Lot Details

0

HOA Fees

$1,876 per month

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Royal Palm Way to Cocoanut Row South to Australian east to building on left
  • Year Built: 1984
  • Entry Level: 5
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Split Bedrooms, Separate Shower
  • Furnished: Unfurnished
  • Appliances: Dishwasher, Electric Range, Disposal, Refrigerator, Washer/Dryer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Wood
  • Living Area: 1287.0
  • Dining Room Type: Laundry
  • Stories: 5

Exterior Features

  • Pool Features: None, Association, Community
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Garage Yn: Yes
  • Parking Features: Assigned

Utilities

  • Security: Door Man
  • 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: 1876.0
  • Community Features: Non-Gated, Pool
  • Senior Community: No
  • Amenities: Pool
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 50434326170000052
  • Zoning Description: R-C(ci

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 12890.0

Multi Family

  • Number Of Units In Community: 25

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2022
Closed on
May 5, 2022
Sold by
Jordan Mccall Jennifer
Bought by
Stuart M Wilson 2019 Revocable Trust
Seller's Agent
Liza Pulitzer
Brown Harris Stevens of PB
Buyer's Agent
Kelly Cushing
Douglas Elliman
List Price
$3,200,000
Sold Price
$2,850,000
Premium/Discount to List
-$350,000
-10.94%
Current Estimated Value
$3,079,183

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$229,183
Avg. Annual Appreciation
0.50%
Original Mortgage
$1,767,500
Outstanding Balance
$1,650,133
Interest Rate
2.63%
Mortgage Type
New Conventional
Estimated Equity
$1,247,894

Purchase Details

Closed on
Apr 30, 2021
Sold by
Gubernick Joseph and Gubernick Lynn
Bought by
Mccall Jennifer Jordan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 17, 2014
Closed on
Feb 27, 2014
Sold by
Sezna Davis G
Bought by
Gubernick Joseph and Gubernick Lynn
Seller's Agent
Crista Ryan
Tina Fanjul Associates, Inc.
Buyer's Agent
Steve Hall
THE FITE GROUP
List Price
$955,000
Sold Price
$955,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.08%

Purchase Details

Closed on
Sep 20, 2004
Sold by
Sezna Gail I
Bought by
Sezna Davis G

Purchase Details

Closed on
Aug 13, 1999
Sold by
Vandergrift James B
Bought by
Sezna Davis G and Sezna Gail I

Purchase Details

Closed on
Jul 29, 1997
Sold by
Nagle Garrett J and Nagle Priscilla E
Bought by
Vandergrift James B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 21, 1993
Sold by
Nagle Garrett J and Nagle Priscilla E
Bought by
Nagle Garrett J
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
Stuart M Wilson 2019 Revocable Trust $2,850,000 Kochman & Ziska Plc
Mccall Jennifer Jordan $1,800,000 Attorney
Gubernick Joseph $955,000 Attorney
Sezna Davis G -- Attorney
Sezna Davis G $367,500 --
Vandergrift James B $200,000 --
Nagle Garrett J $9,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stuart M Wilson 2019 Revocable Trust $1,767,500
Previous Owner Mccall Jennifer Jordan $1,300,000
Previous Owner Sezna Davis G $703,500
Previous Owner Vandergrift James B $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2022 05/05/22 Sold $2,850,000 -10.9% $2,214 / Sq Ft
04/05/2022 04/05/22 Pending -- -- --
02/04/2022 02/04/22 For Sale $3,200,000 +235.1% $2,486 / Sq Ft
02/27/2014 02/27/14 Sold $955,000 0.0% $742 / Sq Ft
02/18/2014 02/18/14 Pending -- -- --
02/17/2014 02/17/14 For Sale $955,000 -- $742 / 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 $36,065 $2,400,000 -- --
2023 $36,378 $2,400,000 $0 $2,400,000
2022 $18,205 $1,152,600 $0 $0
2021 $12,890 $811,200 $0 $0
2020 $12,908 $800,000 $0 $800,000
2019 $13,178 $800,000 $0 $800,000
2018 $12,590 $750,000 $0 $750,000
2017 $12,855 $750,000 $0 $0
2016 $12,395 $715,000 $0 $0
2015 $12,906 $715,000 $0 $0
2014 $10,117 $552,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2022

    Liza Pulitzer

    Brown Harris Stevens of PB

    (561) 659-6400

    57 Total Sales

    Liza Pulitzer
    Section Image

  • W

    Seller Co-Listing Agent in 2022

    Whitney McGurk

    Brown Harris Stevens of PB

    (561) 659-6400

    62 Total Sales

    Whitney McGurk
    Section Image

  • K

    Buyer's Agent in 2022

    Kelly Cushing

    Douglas Elliman

    (561) 655-8600

    4 Total Sales

    Kelly Cushing
    Section Image

  • C

    Seller's Agent in 2014

    Crista Ryan

    Tina Fanjul Associates, Inc.

    (561) 313-1327

    48 Total Sales

    Crista Ryan
    Section Image

  • S

    Buyer's Agent in 2014

    Steve Hall

    THE FITE GROUP

  • Stephen Hall

    Buyer's Agent in 2014

    Stephen Hall

    Compass Florida, LLC

    (561) 346-6068

    68 Total Sales

    Stephen Hall
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10774813

BeachesMLS

APN: 50-43-43-26-17-000-0052

Florida Palm Beach County Palm Beach 33480

227 Australian Ave Unit 5B, Palm Beach, FL

This home is located at 227 Australian Ave Unit 5B, Palm Beach, FL 33480 since 04 February 2022 and is currently estimated at $3,079,183, approximately $2,392 per square foot. This property was built in 1984. 227 Australian Ave Unit 5B 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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