$259,000 - $378,000
RENTED OCT 23, 2024

7 Royal Palm Way Unit 506 Boca Raton, FL 33432

1 Bed
1 Bath
795 Sq Ft
8.22 Acres

Last Sold September 26, 2023

Last sale price $320,000 $403 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $1,941/month

Highlights

  • 100 Feet of Waterfront
  • Gated with Attendant
  • Canal View
  • Boca Raton Community Middle School Rated A-
  • Canal Access
  • Clubhouse

About This Home

As of October 2024

Welcome home to your waterfront oasis! This completely remodeled spacious 1/1 overlooking the marina has so much to offer such as new appliances, remodeled kitchen, renovated bath, hurricane impact sliders, walk in closets, extra storage in unit and not to mention extra storage room just outside your unit. Come enjoy all that Boca Bayou has to offer 5 Swimming pools, tennis courts, Mini Golf, Community Boat dockage upon availability, 24 hours security, and only 1.2 miles from the beach.

Last Agent to Rent the Property

Shakie Iskandarian

Beautiful Homes Realty Inc License #3182857 Listed on: 08/23/2024

Last Renter's Agent

Taylor London

EXP Realty License #3562987

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,260

Year Built

  • Built in 1978

Lot Details

  • 100 Feet of Waterfront
  • Southeast Facing Home

Home Design

  • Entry on the 5th floor
  • Barrel Roof Shape

Interior Spaces

  • 795 Sq Ft Home
  • Florida or Dining Combination
  • Screened Porch
  • Tile Flooring
  • Canal Views

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

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

Home Security

Parking

  • Detached Garage
  • 1 Carport Space
  • Guest Parking

Outdoor Features

  • Canal Access
  • Balcony
  • Patio

Schools

  • Boca Raton Community High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Property Available on 8/26/24
  • Rent includes association dues, hot water, cable TV
  • 12 Month Lease Term
  • Renewal Option
  • Assessor Parcel Number 06434731060075060
  • Seller Considering Concessions

Community Details

Overview

  • Boca Bayou Condo 01 04 Subdivision
  • 6-Story Property

Amenities

  • Clubhouse
  • Laundry Facilities
  • Elevator

Recreation

  • Community Pool

Security

  • Gated with Attendant
  • Impact Glass

Condo Details

Home Type

Condominium

Est. Annual Taxes

$4,260

Year Built

Built in 1978

Lot Details

0

Rental Info

  • Lease Term: 12 Months
  • Available Date: 2024-08-26

Listing Details

  • Prop. Type: Residential Lease
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Gate entrance on 18th street just west of US1
  • Year Built: 1978
  • Lease Renewal Option: Yes
  • Architectural Style: High Rise
  • Carport Y N: Yes
  • Entry Level: 5
  • Building Stories: 6
  • Special Features: VirtualTour
  • Stories: 6

Interior Features

  • Interior Amenities: Family/Dining Room, Walk-In Closet(s), Elevator
  • Furnished: Unfurnished
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Tile
  • Living Area: 795.0
  • Dining Room Type: Screened Porch
  • Window Features: Impact Glass

Exterior Features

  • Exterior Features: Balcony, Security/High Impact Doors
  • View: Canal, Water
  • Road Frontage Type: Waterfront
  • Pool Features: Pool, Community
  • View: Yes
  • Waterfront Features: Canal Access, Dock Access
  • Waterfront: Yes
  • Construction Type: Block
  • Direction Faces: Southeast
  • Patio And Porch Features: Balcony, Patio, Screened
  • Roof: Barrel
  • FrontageLengthRemarks: 100

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Attached Garage: No
  • Carport Spaces: 1.0
  • Garage Yn: No
  • Parking Features: Detached, Garage, Guest

Utilities

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

Condo/Co-op/Association

  • HOA Rent Includes: Association Dues, Hot Water, Cable TV
  • Community Features: Gated, Dock, Pool
  • Senior Community: No
  • Amenities: Clubhouse, Elevator(s), Laundry, Pool, Guard, Security
  • Pets Allowed: No

Schools

  • High School: Boca Raton Community

Lot Info

  • Parcel #: 06434731060075060
  • Land Lease Amount Frequency: Monthly

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2023
Closed on
Sep 26, 2023
Sold by
Lacoste Edward R and Zeller Sandra
Bought by
Youssefian Alex and Youssefian Vanda
Seller's Agent
Shana Kaplan
Level Realty Partners, LLC
Buyer's Agent
Shakie Iskandarian
Beautiful Homes Realty Inc
List Price
$329,000
Sold Price
$320,000
Premium/Discount to List
-$9,000
-2.74%
Views
128
Current Estimated Value
$299,175

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$20,825
Avg. Annual Appreciation
-3.28%

Purchase Details

Closed on
Mar 9, 2016
Sold by
Jolly Donald M
Bought by
Lacoste Edward R and Lacoste Sandra Zeller

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,750
Interest Rate
3.79%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 17, 2015
Sold by
Jolly Ann L
Bought by
Jolly Ann L and Jolly Donald M

Purchase Details

Closed on
Nov 12, 2015
Sold by
Jolly Donald M
Bought by
Jolly Ann L

Purchase Details

Closed on
Sep 18, 2015
Sold by
Jolly Ann L
Bought by
Jolly Donald M
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
Youssefian Alex $320,000 Attorneys Key Title Llc
Youssefian Alex $320,000 Attorneys Key Title Llc
Lacoste Edward R $75,000 Title Source Inc
Jolly Ann L -- Attorney
Jolly Ann L -- Attorney
Jolly Donald M -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lacoste Edward R $63,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2024 10/23/24 Rented $2,200 0.0% --
09/27/2024 09/27/24 Under Contract -- -- --
08/23/2024 08/23/24 For Rent $2,200 0.0% --
09/26/2023 09/26/23 Sold $320,000 -2.7% $403 / Sq Ft
09/05/2023 09/05/23 Pending -- -- --
07/27/2023 07/27/23 For Sale $329,000 -- $414 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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 $4,260 $235,000 -- --
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 $2,488 $127,000 $0 $127,000
2017 $2,334 $117,000 $0 $0
2016 $2,295 $113,000 $0 $0
2015 $738 $60,217 $0 $0
2014 $744 $59,739 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10457819

BeachesMLS (Greater Fort Lauderdale)

APN: 06-43-47-31-06-007-5060