NOT LISTED FOR SALE

7 Royal Palm Way Unit 407 Boca Raton, FL 33432

Estimated Value: $369,000 - $433,000

2 Beds
2 Baths
1,010 Sq Ft
$536/mo HOA Fee

Last Sold October 25, 2019

Last sale price $256,000 $253 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $3,115/month

120 Days on Market

Highlights

  • Property has ocean access
  • Home fronts navigable water
  • Gated with Attendant
  • Boca Raton Community Middle School Rated A-
  • Fitness Center
  • River View

About This Home

As of October 2019

Water, water everywhere! Spectacular water views the moment you enter this beautifully updated 2/2 condo. Split bedrooms. New A/C May 2019. Porcelain tile throughout. Master bedroom features a spacious walk in closet. Impact windows in bedrooms. Screened patio overlooking the wide Hillsboro Canal and Marina. Enjoy a boat parade everyday! Boca Bayou is a waterfront boating community with a manned gated entrance, 5 swimming pools, tennis courts and exercise rooms and Saunas. Close to shopping, restaurants and beaches. Maintenance fee includes, water/sewer, cable w/HBOs, Hot water, building insurance, lawn/shrub care, recreational amenities. Dockage is available. No pets/trucks/motorcycles allowed.

Last Listed By

Lynn Johnsen

RE/MAX Services License #60576611 Listed on: 05/27/2019

RE/MAX Services

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,932

Year Built

  • Built in 1979

Lot Details

  • Home fronts navigable water
  • Sprinkler System

HOA Fees

  • $536 Monthly HOA Fees

Property Views

  • River
  • Canal
  • Pool

Interior Spaces

  • 1,010 Sq Ft Home
  • Blinds
  • Combination Dining and Living Room
  • Screened Porch
  • Ceramic Tile Flooring

Kitchen

  • Breakfast Bar
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Home Security

Parking

  • Parking Pad
  • Guest Parking
  • Assigned Parking

Outdoor Features

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

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 06434731060074070

Community Details

Overview

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

Amenities

  • Sauna
  • Clubhouse
  • Billiard Room
  • Community Library
  • Laundry Facilities
  • Elevator
  • Community Storage Space

Recreation

  • Tennis Courts
  • Bocce Ball Court
  • Shuffleboard Court
  • Fitness Center
  • Community Pool

Security

  • Gated with Attendant
  • Resident Manager or Management On Site
  • Impact Glass

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,932

Year Built

Built in 1979

Lot Details

0

HOA Fees

$536 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Federal Highway south of Camino Real to SW 18th St/Royal Palm Way. Turn west. Entrance on south side. After guard gate follow around to right. 1st stop sign turn left. Building ahead. Park# 192
  • Year Built: 1979
  • Architectural Style: High Rise
  • Unit Levels: Three Or More
  • Year Built Details: Resale
  • Special Features: None

Interior Features

  • Interior Amenities: Breakfast Bar, Living/Dining Room, Split Bedrooms, Walk-In Closet(s)
  • Appliances: Dishwasher, Electric Range, Disposal, Microwave, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Ceramic Tile
  • Living Area: 1010.0
  • Dining Room Type: Storage Room
  • Stories: 6
  • Window Features: Blinds, Impact Glass

Exterior Features

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

Garage/Parking

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

Utilities

  • Laundry Features: Common Area
  • 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, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 536.0
  • Community Features: Clubhouse, Property Manager On-Site, Pool, Sauna, Shuffleboard, Street Lights, Tennis Court(s)
  • Senior Community: No
  • Amenities: Billiard Room, Clubhouse, Fitness Center, Laundry, Library, Management, Pool, Shuffleboard Court, Sauna, Storage, Tennis Court(s), Bocce Court, Elevator(s)
  • Association Fee Frequency: Monthly
  • Pets Allowed: No

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Cable TV, Insurance, Laundry, Maintenance Grounds, Maintenance Structure, Pool(s), Sewer, Security, Water

Lot Info

  • Parcel #: 06434731060074070
  • Zoning Description: res
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 2932.0

Multi Family

  • Number Of Units In Community: 721

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2019
Closed on
Oct 25, 2019
Sold by
Bergeron Rosemary A and Loftus William C
Bought by
Forrester Mandy F
Seller's Agent
Lynn Johnsen
RE/MAX Services
Buyer's Agent
Daniel Gagnon, PA
RE/MAX Select Group
List Price
$269,900
Sold Price
$256,000
Premium/Discount to List
-$13,900
-5.15%
Total Days on Market
120
Current Estimated Value
$398,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,667
Avg. Annual Appreciation
8.37%
Original Mortgage
$243,200
Outstanding Balance
$216,312
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$182,355

Purchase Details

Closed on
May 27, 2011
Sold by
Loftus Florence J
Bought by
Bergeron Rosemary A

Purchase Details

Closed on
Nov 25, 2008
Sold by
Loftus Thomas P and Loftus Florence J
Bought by
Loftus Florence J

Purchase Details

Closed on
Nov 24, 2008
Sold by
Bergeron Rosemary A and Loftus William C
Bought by
Loftus Thomas P

Purchase Details

Closed on
Sep 11, 2008
Sold by
Loftus Thomas P and Loftus Florence J
Bought by
Bergeron Rosemary A

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
Forrester Mandy F $256,000 Corporate Title Inc
Bergeron Rosemary A -- Attorney
Loftus Florence J -- Attorney
Loftus Thomas P -- Attorney
Bergeron Rosemary A -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Forrester Mandy F $243,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2019 10/25/19 Sold $256,000 -5.2% $253 / Sq Ft
09/25/2019 09/25/19 Pending -- -- --
05/27/2019 05/27/19 For Sale $269,900 -- $267 / 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 $4,230 $273,980 -- --
2023 $4,126 $266,000 $0 $266,000
2022 $3,615 $170,500 $0 $0
2021 $3,040 $155,000 $0 $155,000
2020 $3,039 $155,000 $0 $155,000
2019 $3,123 $155,000 $0 $155,000
2018 $2,932 $152,000 $0 $152,000
2017 $2,984 $153,000 $0 $0
2016 $3,016 $151,250 $0 $0
2015 $2,876 $137,500 $0 $0
2014 $2,613 $125,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lynn Johnsen

    Seller's Agent in 2019

    Lynn Johnsen

    RE/MAX

    (561) 239-1900

    82 Total Sales

    Lynn Johnsen
    Section Image
  • Daniel Gagnon, PA

    Buyer's Agent in 2019

    Daniel Gagnon, PA

    RE/MAX

    (561) 774-2790

    22 Total Sales

    Daniel Gagnon, PA
    Section Image
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Map

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Source: BeachesMLS

MLS Number: R10533759

BeachesMLS

APN: 06-43-47-31-06-007-4070

Florida Palm Beach County Boca Raton 33432

7 Royal Palm Way Unit 407, Boca Raton, FL

Homes for Sale in Boca Raton, FL

This home is located at 7 Royal Palm Way Unit 407, Boca Raton, FL 33432 since 27 May 2019 and is currently estimated at $398,667, approximately $394 per square foot. This property was built in 1979. 7 Royal Palm Way Unit 407 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.

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