NOT LISTED FOR SALE

Estimated Value: $1,242,000 - $1,829,677

1 Bed
1 Bath
995 Sq Ft
1985 Built

Last Sold January 12, 2024

Last sale price $1,850,000 $1,859 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $10,154/month

1 Day on Market

Highlights

  • Garden View
  • Walk-In Closet
  • Combination Dining and Living Room
  • Palm Beach Public School Rated A-
  • Central Heating and Cooling System
  • South Facing Home

About This Home

As of January 2024

This 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 Agent to Sell the Property

JIM McCANN

Premier Estate Properties, Inc License #397290 Listed on: 12/11/2023

Last Buyer's Agent

Joseph Scheerer

Douglas Elliman License #3294010

Douglas Elliman

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $16,222

Year Built

  • Built in 1985

Lot Details

  • South Facing Home

Home Design

  • Tar and Gravel Roof

Interior Spaces

  • 995 Sq Ft Home
  • 1-Story Property
  • Sliding Windows
  • Combination Dining and Living Room
  • Garden Views
  • Washer

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

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

Parking

  • 1 Open Parking Space
  • Assigned Parking

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • Property has a Home Owners Association
  • Association fees include insurance
  • Island Villas Condo Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434315310000050

Property Details

Home Type

Condominium

Est. Annual Taxes

$16,222

Year Built

Built in 1985

Lot Details

0 Sq Ft Lot

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium,Villa
  • Directions: Flagler Memorial Bridge to Palm Beach Island, left at the light onto Bradley Place. Everglade Avenue is a one-way east bound.
  • Year Built: 1985
  • New Construction: No
  • Pets No Pets Comments: Total Weight Limit Of Pets:25
  • MaximumPetWeight: 25
  • DelayedMarketingYN: No
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Living/Dining Room, Tub Shower, Walk-In Closet(s)
  • Main Level Bedrooms: 1
  • Furnished: Unfurnished
  • Appliances: Dishwasher, Electric Range, Microwave, Oven, Refrigerator, Washer
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Entry Location: Entry Level Living Area Y
  • Flooring: Carpet, Laminate
  • Stories: 1
  • Window Features: Sliding

Exterior Features

  • View: Garden
  • Pool Private: No
  • View: Yes
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Concrete
  • Direction Faces: South
  • Property Condition: Resale
  • Roof: Tar/Gravel

Garage/Parking

  • Open Parking Spaces: 1.0
  • Garage Yn: No
  • Parking Features: Assigned

Utilities

  • Laundry Features: Inside, Laundry Closet
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Electric: 3 Phase
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 866.67
  • Pets Allowed: Yes
  • Senior Community: No
  • Amenities: None
  • Association: Yes
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Insurance

Lot Info

  • Parcel #: 50434315310000050
  • Mobile Dim Units: Feet
  • Zoning: R-C(ci

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 16222.0

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
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%
Views
37
Current Estimated Value
$1,580,419

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$269,581
Avg. Annual Appreciation
-7.19%

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
Source: Public Records
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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
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

Property History

Date Event Price List to Sale Price per Sq Ft
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 0.0% $1,804 / Sq Ft
07/01/2020 07/01/20 Rented $2,900 0.0% --
06/01/2020 06/01/20 Under Contract -- -- --
04/15/2020 04/15/20 For Rent $2,900 -- --
Source: BeachesMLS (Greater Fort Lauderdale)

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
2025 $24,254 $1,600,000 -- --
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

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Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10942269

BeachesMLS (Greater Fort Lauderdale)

APN: 50-43-43-15-31-000-0050

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