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$3,490,000

Beds
5
Baths
4.0
sq ft
4,321

1701 S Olive Ave, West Palm Beach, FL 33401

1701 S Olive Ave

West Palm Beach, FL 33401

  • 229 days on market
    • Price drop $305,000↓
Perfect light-filled home + guest house apartment with a two-car garage. Storm impact windows and doors, roof straps, central air, and modern electric/plumbing. Features include lofty 10' ceilings, Dade County pine flooring, millwork trim, fireplaces, and a private garden. Solid CBS construction ensures durability. Convenient Access to Palm Beach Island, downtown West Palm Beach, Palm Beach Atlantic University, the Norton Museum of Art, and one block from the Intracoastal Waterway. Zoned with three legal rental meters.

Details

Property type

Single Family Residence

Est. home value

$2,262,845

Lot size

6,830 sq ft

Price per sq ft

$808

Year built

1925

Annual property taxes

$33,052

HOA

Yes

Price History

07/12/2024
Beaches

Beaches #R10970707

Price change
$3,490,000
-8.04%
03/21/2024
Beaches

Beaches #R10970707

Listed
$3,795,000
03/07/2024
Beaches

Beaches #R10898865

Removed
$3,795,000

Schools & Community

Neighborhood: 

Mango Promenade

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights

Number of units in community: 

3

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Waterman Bank

Loan start date

June 2023

Original loan amount

$1,500,000

Est. remaining balance

Not provided

Interest rate

7.62%

Loan type

New Conventional, 30 year

Seller

Kenneth Harris and Ruth Sandra Harris

Lender

Waterman Bank

Loan start date

September 2022

Original loan amount

$1,450,000

Est. remaining balance

Not provided

Interest rate

5.22%

Loan type

Credit Line (Revolving), 1 year

Seller

Kenneth Harris and Ruth Sandra Harris

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/05/2024 at 4:20 AM

Listing updated: 11/02/2024 at 9:45 PM

Listed by: Ben Stein, Sotheby's Intl. Realty, Inc. Phone #: (561) 659-3555

MLS: Beaches #R10970707

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