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1000 Royal Palm Way

1000 Royal Palm Way, Boca Raton, FL 33432
Sold Jun 07, 2017
$4,975,000
$3,731,250 by Jpmorgan Chase Bank Na
Mortgage Due Jul 01, 2047
Sold May 24, 2016
$4,600,000
$3,000,000 by City First Mortgage Corp
Mortgage Due Jun 01, 2019
1000 Royal Palm Way has been categorized by the local assessors in Boca Raton, FL as a residential type of property. The building on the property was first built in 1975 and is 49 years old. However, we must point out that the home was most recently renovated and altered in 1995. The home has a total of 6 bedrooms. Residents will have access to 8 full bathrooms. There are 9 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1000 Royal Palm Way has 7,502 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 3,490 ft and across the front of the lot is 770 ft. The area measurement of the land has been determined as 26,868 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 984 sqft. According to our sources, there are a total of 4 available parking spaces. Residents will have the luxury of enjoying both a open porch and a patio. Love to swim? You'll be excited to find out that there is a pool on the property. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with masonry control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of A by the local assessor. The building has a gable or hip style roof made of concrete. The exterior walls of the building are made of concrete block. While the interior walls have been made of decorative/custom materials. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with electricity. There is a single fireplace in the home. Perfect for those wintery nights. The property was last sold in Jun 2, 2017 for $4,975,000. That's $511.99 per sqft. Prior to that sales transaction, the property was also sold in May 23, 2016 for $4,600,000. 1000 Royal Palm Way was last assessed in 2023. The total value of the property was assessed at $5,131,951. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $106,504. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1995
  • Building Count: 1
  • Bedroom Count: 6
  • Bathroom Count: 9
  • Full Bathrooms: 8
  • Partial Bathrooms: 9
  • Building Condition: Average
  • Building Quality: A
  • Construction Type: Masonry
  • Exterior Walls Type: Concrete block
  • Interior Walls Type: Decorative/custom materials
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Concrete
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Marble
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 984
  • Parking Space Count: 4
  • Patio Type: Patio
  • Porch Type: Open porch
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 26,868
  • Lot Size Depth Feet: 3,490
  • Lot Size Frontage Feet: 770
  • Total Building Area: 9,717
  • Gross Building Area: 9,717
  • Building Area: 7,502
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 7,502
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ROYAL PALM YACHT & CNTRY CLUB
  • Land Acres: 0.617
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ROYAL PALM YACHT & CNTRY CLUB LT 61 BLK 13

Ownership

  • Current Owner : BERMAN RUSSELL
  • Current Owner 2: BERMAN LEANN
  • Previous Owner : GOLDNER LUIS CLAUDIO
  • Previous Owner 2: DE MORAIS GOLDNER LEANDRA CAMPOS
  • Owner Before Previous Owner: CHAPMAN ANN
  • Owner Before Previous Owner 2: CHAPMAN FRANK H
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Sole Owner

Neighborhood

  • School District Name: Palm Beach County School District
  • Census Tract: 007504

Zoning

  • Zoning: R-1-A

Geography

  • Assessors Map Reference: 424
  • Parcel: 06-43-47-29-10-013-0610
  • Block: 13
  • Lot: 61
  • Meridian: SEC 29 TWN 47S RNG 43E
  • Municipality: BOCA RATON
  • Latitude: 26.3392
  • Longitude: -80.078

    Address

  • Full Address: 1000 Royal Palm Way
  • Address - House Number: 1000
  • Address - Street Name: Royal Palm
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Boca Raton
  • Carrier Code: C022
  • 4-Digit Zip Code: 7535
  • Zip Code: 33432

Valuation

    Tax

  • Total Area: 7,917
  • Tax Year: 2023
  • Tax Amount: $106,504
  • Tax Rate Code Area: 6154

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $3,731,250
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Jun 07, 2017
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $3,731,250
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2047

    Market Valuation

  • Market Total Value: $7,934,675
  • Market Land Value: $6,236,688
  • Market Improvement Value: $1,697,987

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,131,951

    Sales

  • Current Sale Contract Date: Jun 02, 2017
  • Current Sale Recording Date: Jun 07, 2017
  • Current Sale Transaction ID: 1588779018
  • Current Sale Price: $4,975,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20170202687
  • Previous Sale Recording Date: May 24, 2016
  • Previous Sale Contract Date: May 23, 2016
  • Previous Sale Amount: $4,600,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Jun 07, 2017
  • First Mortgage Loan Amount: $3,731,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Jul 01, 2047

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: CITY FIRST MORTGAGE CORP
  • Previous Mortgage Transaction Date: May 24, 2016
  • Previous Mortgage Loan Amount: $3,000,000
  • Previous Mortgage Term: 36
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jun 01, 2019

About Royal Palm Yacht and Country Club



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Frequently Asked Questions

What neighborhood is 1000 Royal Palm Way located in?
The 1000 Royal Palm Way is a located in the neighborhood of Royal Palm Yacht and Country Club in Royal Palm Yacht and Country Club, Boca Raton.
What is the average sales price for listings in 1000 Royal Palm Way?
The average sales price for units in 1000 Royal Palm Way is $0 currently.

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