Tel Aviv garden apartment sells above asking after one day on the market

A three-room garden apartment in Ramat Yisrael, in east Tel Aviv, sold for 4.25 million shekels, above its 4.09 million shekel asking price. The apartment has 98 square meters of built area, a 90 square meter garden, and a 6 square meter storage room. It was listed for just one week, and the sellers were heirs while the buyers were a young local couple purchasing it for their own residence.

Idan Yishai, team manager at Re/max Ocean Tel Aviv, said Ramat Yisrael is a quiet, green and sought-after neighborhood near Bizaron. He described it as a strong location close to central Tel Aviv with easy access around the city, while still offering privacy and a pastoral atmosphere. He also said the apartment is corner-positioned, very quiet and surrounded by greenery.

Yishai added that the apartment is in excellent condition, has three exposures, and can easily be converted into a four-room home. Although it does not have a reinforced safe room, he said it has a separate entrance and another floor above it. He said the sale reflects a market that is difficult for sellers, with demand coming mainly from buyers looking for homes rather than investors.

According to Yishai, the apartment sold after one viewing, with several interested buyers competing for it until the price reached the final level. He said areas with strong schools and a good reputation are still selling, especially in communities where “everyone knows everyone.” The article also listed recent second-hand apartment sales in Kiryat Ata, Gedera, Ramla, Migdal HaEmek and Holon, based on Tax Authority data.