NOT LISTED FOR SALE

7 Royal Palm Way Unit 406 Boca Raton, FL 33432

Estimated Value: $246,234 - $284,000

1 Bed
1 Bath
795 Sq Ft
$523/mo HOA Fee

Last Sold July 10, 2024

Last sale price $229,500 $289 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $2,240/month

8 Days on Market

Highlights

  • Boat Ramp
  • Property has ocean access
  • Gated with Attendant
  • Boca Raton Community Middle School Rated A-
  • Fitness Center
  • Home fronts a lagoon or estuary

About This Home

As of July 2024

Calling all investors, renovators, and visionaries! Uncover the hidden potential in this 1BD/1BA condo nestled in a perfectly placed building overlooking the Hillsboro Canal. This property checks all the boxes! Fabulous Location. Million Dollar Water Views. Priced To Sell. Assessment Paid. Doesn't get any better than this, so don't miss your opportunity to transform this condo into your stunning home or a profitable investment property. Boca Bayou offers 5 swimming pools, tennis courts & boat dockage rental (if available). Only 5 mins to the beach, Mizner Park, Royal Palm and more! Assoc fee includes building insurance, water, cable w/HBO's, 24 hour gated security & reserves.

Last Agent to Sell the Property

Lynn Johnsen

RE/MAX Services License #576611 Listed on: 05/15/2024

RE/MAX Services

Last Buyer's Agent

Maria McCullough

Regency Realty Services License #3397170

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,593

Year Built

  • Built in 1977

Lot Details

  • Home fronts a lagoon or estuary
  • Sprinkler System

HOA Fees

  • $523 Monthly HOA Fees

Property Views

  • River
  • Lagoon
  • Canal
  • Garden
  • Pool

Home Design

  • Entry on the 4th floor
  • Fixer Upper

Interior Spaces

  • 795 Sq Ft Home
  • Entrance Foyer
  • Combination Dining and Living Room
  • Screened Porch

Kitchen

  • Breakfast Bar
  • Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • Guest Parking
  • Assigned Parking

Outdoor Features

  • Property has ocean access
  • Canal Access
  • Balcony
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System
  • Cable TV Available
  • TV Antenna

Listing and Financial Details

  • Assessor Parcel Number 06434731060074060

Community Details

Overview

  • Association fees include common areas, cable TV, hot water, insurance, maintenance structure, pool(s), reserve fund, sewer, security, water
  • 721 Units
  • High-Rise Condominium
  • Boca Bayou Subdivision
  • 6-Story Property

Amenities

  • Sauna
  • Clubhouse
  • Billiard Room
  • Community Storage Space

Recreation

  • Boat Ramp
  • Boating
  • Tennis Courts
  • Bocce Ball Court
  • Shuffleboard Court
  • Fitness Center
  • Community Pool

Security

  • Gated with Attendant
  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,593

Year Built

Built in 1977

Lot Details

0

HOA Fees

$523 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Boca Bayou entrance is located on Royal Palm Way at 18th Street between US 1 and Dixie Hwy. After guard gate go right follow S curve then left toward the south. Turn left just before stop sign.
  • Year Built: 1977
  • Architectural Style: High Rise
  • Entry Level: 4
  • Unit Levels: Three Or More
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Breakfast Bar, Entrance Foyer, Living/Dining Room, Tub Shower
  • Furnished: Unfurnished
  • Appliances: Dishwasher, Electric Range, Refrigerator
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Carpet, Ceramic Tile
  • Living Area: 795.0
  • Dining Room Type: Storage Room
  • Stories: 6
  • Window Features: Drapes

Exterior Features

  • Exterior Features: Balcony, Outdoor Grill, TV Antenna
  • View: Canal, Garden, Lagoon, Pool, River
  • Lot Features: Sprinklers Automatic
  • Pool Features: None, Association, Community
  • View: Yes
  • Waterfront Features: Canal Access, Lagoon, Ocean Access
  • Waterfront: Yes
  • Disclosures: Seller Disclosure
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Screened
  • Property Condition: Resale, Fixer
  • Roof: Other

Garage/Parking

  • Garage Yn: No
  • Parking Features: Assigned, Guest

Utilities

  • Security: Gated with Guard, Security Guard
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 523.0
  • Community Features: Boat Facilities, Bocce Court, Clubhouse, Gated, Property Manager On-Site, Pool, Sauna, Shuffleboard, Tennis Court(s)
  • Senior Community: No
  • Amenities: Bocce Court, Billiard Room, Clubhouse, Fitness Center, Management, Pool, Shuffleboard Court, Sauna, Storage, Tennis Court(s)
  • Association Fee Frequency: Monthly
  • Pets Allowed: No

Fee Information

  • Association Fee Includes: Common Areas, Cable TV, Hot Water, Insurance, Maintenance Structure, Pool(s), Reserve Fund, Sewer, Security, Water

Lot Info

  • Parcel #: 06434731060074060
  • Lot Size: Private Road,West of US-
  • Zoning Description: Res
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 3593.0

Multi Family

  • Number Of Units In Community: 721

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2024
Closed on
Jul 10, 2024
Sold by
Badger Priscilla and Rode Amy
Bought by
Saciloto Giovanna Santana and Santana Mariane
Seller's Agent
Lynn Johnsen
RE/MAX Services
Buyer's Agent
Maria McCullough
Regency Realty Services
List Price
$239,500
Sold Price
$229,500
Premium/Discount to List
-$10,000
-4.18%
Views
14
Current Estimated Value
$266,059

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,559
Avg. Annual Appreciation
12.77%
Original Mortgage
$206,550
Outstanding Balance
$164,548
Interest Rate
6.95%
Mortgage Type
Credit Line Revolving
Estimated Equity
$101,511
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
Saciloto Giovanna Santana $229,500 Secure Land Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Saciloto Giovanna Santana $206,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2024 07/10/24 Sold $229,500 -4.2% $289 / Sq Ft
05/24/2024 05/24/24 Pending -- -- --
05/15/2024 05/15/24 For Sale $239,500 -- $301 / 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 $3,688 $181,548 -- --
2023 $3,477 $165,044 $0 $0
2022 $3,166 $150,040 $0 $0
2021 $2,708 $137,000 $0 $137,000
2020 $2,479 $124,000 $0 $124,000
2019 $2,510 $122,000 $0 $122,000
2018 $2,418 $127,000 $0 $127,000
2017 $2,253 $117,000 $0 $0
2016 $2,144 $99,825 $0 $0
2015 $2,015 $90,750 $0 $0
2014 $1,844 $82,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lynn Johnsen

    Seller's Agent in 2024

    Lynn Johnsen

    RE/MAX

    (561) 239-1900

    79 Total Sales

    Lynn Johnsen
    Section Image
  • Maria McCullough

    Buyer's Agent in 2024

    Maria McCullough

    Regency Realty Services

    (954) 695-3104

    7 Total Sales

    Maria McCullough
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10987776

BeachesMLS

APN: 06-43-47-31-06-007-4060

Florida Palm Beach County Boca Raton 33432

7 Royal Palm Way Unit 406, Boca Raton, FL

This home is located at 7 Royal Palm Way Unit 406, Boca Raton, FL 33432 since 15 May 2024 and is currently estimated at $266,059, approximately $334 per square foot. This property was built in 1977. 7 Royal Palm Way Unit 406 is a home located in Palm Beach County with nearby schools including Boca Raton Elementary School, Boca Raton Community Middle School, and Boca Raton 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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