Property detail

Location Address 280 E PALMETTO PARK RD
Municipality BOCA RATON
Parcel Control Number 06-43-47-29-01-007-0010
Subdivision BOCA RATON IN
Official Records Book/Page 34357 / 631
Sale Date 05/24/2023
Legal Description BOCA RATON LTS 1 & 2 (LESS N 10 FT PALMETTO PARK RD R/W) & LTS 23 & 24 (LESS S 10 FT ROYAL PALM RD R/W)

Owner INFORMATION

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Owner(s) Mailing Address
280 E PALMETTO PARK ROAD LLC
1511 EASTERN AVE
BALTIMORE MD 21231 2328

Sales INFORMATION

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Sales Date Price OR Book/Page Sale Type Owner
05/24/2023 $9,751,000 34357 / 00631 WARRANTY DEED 280 E PALMETTO PARK ROAD LLC
03/01/2000 $1,850,000 11664 / 00224 WARRANTY DEED US TR CO FL SAV BK
08/01/1996 $1,900,000 09484 / 01644 WARRANTY DEED
03/01/1995 $675,000 08643 / 00308 WARRANTY DEED
02/01/1985 $525,000 04509 / 00292 WARRANTY DEED

NOTE: Sales do not generally appear in the PAPA database until approximately 1 to 3 weeks after the closing date.
If a recent sale does not show up in this list, please allow more time for the sale record to be processed.

Exemption INFORMATION

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No Exemption Information Available.

Property INFORMATION

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SUBAREA AND SQUARE FOOTAGE
FOR BUILDING 1

Code Description square Footage
BANK/SAVINGS INST 4294
GENERAL LOBBY 513
SUPPORT 25
SUPPORT 57
OFFICES 4807
Total Square Footage 9696

Number of Units 1
Total Square Feet* 0
Acres .63
Property Use Code 0805—MFR-IMP NON CONTRIBUTING
Zoning DDRI—DOWNTOWN DDRI (06-BOCA RATON)

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*May indicate living area in residential properties.

Structural Element
for Building 1

Year Built 1996
OFFICE BLDG L/R 1-4S 9696

Print Building 1 Details

 

Sketch
for Building 1

Property Extra Features

Description Year Built Units
Paving- Asphalt 1996 10560
Walkway-Concrete 1996 371
Wall 1996 1224
Paving- Asphalt 1996 2281

Property Land Details

Land Line # Description Zoning Acres
1 MULTI-FAMILY DDRI 0.6282

Appraisals

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Tax Year 2025 P 2024 2023 2022 2021
Improvement Value $3,043,304 $3,103,231 $2,073,312 $2,187,693 $1,888,503
Land Value $5,000,000 $4,104,900 $3,139,222 $2,989,736 $2,590,466
Total Market Value $8,043,304 $7,208,131 $5,212,534 $5,177,429 $4,478,969
Tax Year 2025 P 2024 2023 2022 2021 2020 2019 2018 2017 2016
Improvement Value $3,043,304 $3,103,231 $2,073,312 $2,187,693 $1,888,503 $1,915,034 $1,922,923 $1,933,076 $2,010,977 $1,999,607
Land Value $5,000,000 $4,104,900 $3,139,222 $2,989,736 $2,590,466 $2,590,466 $2,467,045 $2,395,072 $2,280,929 $2,068,870
Total Market Value $8,043,304 $7,208,131 $5,212,534 $5,177,429 $4,478,969 $4,505,500 $4,389,968 $4,328,148 $4,291,906 $4,068,477

P = Preliminary

All values are as of January 1st each year

Assessed & taxable values

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Tax Year 2025 P 2024 2023 2022 2021
Assessed Value $7,928,944 $7,208,131 $5,212,534 $4,926,866 $4,478,969
Exemption Amount $0 $0 $0 $0 $0
Taxable Value $7,928,944 $7,208,131 $5,212,534 $4,926,866 $4,478,969
Tax Year 2025 P 2024 2023 2022 2021 2020 2019 2018 2017 2016
Assessed Value $7,928,944 $7,208,131 $5,212,534 $4,926,866 $4,478,969 $4,505,500 $4,389,968 $4,328,148 $4,291,906 $4,022,553
Exemption Amount $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Taxable Value $7,928,944 $7,208,131 $5,212,534 $4,926,866 $4,478,969 $4,505,500 $4,389,968 $4,328,148 $4,291,906 $4,022,553

Taxes

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Tax Year 2025 P 2024 2023 2022 2021
AD VALOREM $135,552 $122,630 $89,447 $88,151 $80,877
NON AD VALOREM $2,982 $2,899 $2,872 $2,835 $2,597
TOTAL TAX $138,534 $125,530 $92,318 $90,985 $83,473
Tax Year 2025 P 2024 2023 2022 2021 2020 2019 2018 2017 2016
AD VALOREM $135,552 $122,630 $89,447 $88,151 $80,877 $81,361 $80,348 $76,848 $77,454 $74,835
NON AD VALOREM $2,982 $2,899 $2,872 $2,835 $2,597 $2,578 $2,597 $2,429 $2,411 $2,123
TOTAL TAX $138,534 $125,530 $92,318 $90,985 $83,473 $83,939 $82,945 $79,277 $79,865 $76,957

BUYERS TAKE NOTE: Taxes will change and often increase substantially when a property sells. The seller’s exemption benefits will GO AWAY the year after they sell and this may result in higher taxes for a buyer. Please use the Property Tax Calculator to get a better annual tax estimate if you are purchasing this property.