NOT LISTED FOR SALE

455 E Palmetto Park Rd Unit 4w Boca Raton, FL 33432

Downtown Boca Neighborhood

Estimated Value: $1,002,000 - $1,723,000

3 Beds
3.5 Baths
2,525 Sq Ft
1 Acres

Highlights

  • Water Views
  • Fitness Center
  • Community Pool
  • Boca Raton Community Middle School Rated A-
  • Marble Flooring
  • 2-minute walk to Wildflower Park

About This Home

As of August 2020

City living at its best! Located in a premier boutique building with city views. Open, spacious, bright and designed for today's casual lifestyle. The dine-in gourmet kitchen is part of the open great room enhanced by custom cabinetry, granite counters and stainless appliances. Complete with 2 spacious balconies this upscale interior design includes high ceilings, contemporary baths and a generous floor plan with wood flooring throughout. Enjoy clean modern elegance featuring a private keyed elevator to your front door, covered garage parking, pool, plus secured entry with concierge service. Offering carefree luxury living at a choice in-town address, 5 Palms is composed of only 16 condos, just a short distance from the beach, Intracoastal and Mizner Park.

Last Agent to Rent the Property

Theresa Berman

William Raveis Real Estate License #3017205 Listed on: 08/09/2020

William Raveis Real Estate

Co-Listed By

Laura Gallagher

William Raveis Real Estate License #660232

Last Renter's Agent

Theresa Berman

William Raveis Real Estate License #3017205 Listed on: 08/09/2020

William Raveis Real Estate

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,248

Year Built

  • Built in 2008

Lot Details

  • 1

Parking

  • 2 Car Attached Garage
  • Assigned Parking

Interior Spaces

  • 2,525 Sq Ft Home
  • Built-In Features
  • Entrance Foyer
  • Water Views
  • Closed Circuit Camera

Kitchen

  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • Property Available on 9/1/20
  • Assessor Parcel Number 06434720450040050

Community Details

Overview

  • 16 Units
  • 5 Palms Subdivision

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • Phone Entry
  • Fire and Smoke Detector
  • Fire Sprinkler System

Condo Details

Home Type

Condominium

Est. Annual Taxes

$13,248

Year Built

Built in 2008

Lot Details

0

Parking

2

Rental Info

  • Tenant Pays: Exterior Electric
  • Available Date: 2020-09-01

Listing Details

  • Prop. Type: Residential Lease
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Palmetto Park Road East of Federal Hwy to building on North side before 5th St.
  • Year Built: 2008
  • Entry Level: 4
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Built-in Features, Dual Sinks, Entrance Foyer, Elevator, Pantry, Split Bedrooms, Separate Shower, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Marble, Wood
  • Living Area: 2525.0
  • Dining Room Type: Laundry

Exterior Features

  • View: Water
  • Pool Features: None, Association, Community
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Assigned, Attached, Covered, Garage

Utilities

  • Security: Closed Circuit Camera(s), Phone Entry, Fire Sprinkler System, Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Non-Gated, Pool
  • Senior Community: No
  • Amenities: Fitness Center, Pool, Trash
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 06434720450040050

Multi Family

  • Number Of Units In Community: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 29, 2023
Sold by
Fifth Avenue Place Llc
Bought by
Engler Robert A and Engler Stephanie D
Current Estimated Value
$1,282,280

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Outstanding Balance
$706,468
Interest Rate
6.57%
Mortgage Type
New Conventional
Estimated Equity
$599,265

Purchase Details

Closed on
May 1, 2013
Sold by
Palmetto 455 Inc
Bought by
Fifth Avenue Place Llc

Purchase Details

Closed on
Dec 15, 2011
Sold by
Fifth Avenue Place Llc
Bought by
Palmetto 455 Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,750,000
Interest Rate
4.06%
Mortgage Type
Seller Take Back
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
Engler Robert A $900,000 None Listed On Document
Fifth Avenue Place Llc $8,202,083 Attorney
Palmetto 455 Inc $7,750,000 All Island Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Engler Robert A $720,000
Previous Owner Palmetto 455 Inc $7,750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2020 08/09/20 For Rent $6,000 0.0% --
08/09/2020 08/09/20 Rented $6,000 +15.4% --
09/01/2017 09/01/17 Rented $5,200 0.0% --
08/02/2017 08/02/17 Under Contract -- -- --
02/13/2017 02/13/17 For Rent $5,200 -- --
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 $13,248 $804,000 -- --
2023 $13,964 $780,450 $0 $0
2022 $13,158 $709,500 $0 $0
2021 $11,888 $645,000 $0 $645,000
2020 $11,617 $630,000 $0 $630,000
2019 $12,137 $640,000 $0 $640,000
2018 $12,129 $670,000 $0 $670,000
2017 $13,304 $735,000 $0 $0
2016 $12,882 $653,400 $0 $0
2015 $13,275 $594,000 $0 $0
2014 $10,672 $540,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10645456

BeachesMLS

APN: 06-43-47-20-45-004-0050