tomo logo

$1,875,000

Beds
3
Baths
2.5
sq ft
1,868

2275 S Ocean Blvd Unit 304s, Palm Beach, FL 33480

2275 S Ocean Blvd Unit 304s

Palm Beach, FL 33480

  • 329 days on market
    • Price drop $75,000↓
Beautiful top floor 3 bedroom, 2.5 bathroom apartment with Ocean, Intracoastal & pool views in The Reef. Enjoy the sunrise and sunset views. Wonderful floor plan with spacious living room, modern kitchen with stainless steel appliances, and large balcony. Impact windows and doors throughout. The Reef is a landmarked Oceanfront building designed by reknown architect Gene Lawrence. Amenities include lovely large pool with private cabanas, easy beach access, fitness center, garage parking, doorman, and on-site manager. Located next to the Palm Beach Tennis Center and a few blocks from the Palm Beach Par 3 Golf Course with award winning clubhouse restaurant. Short drive to Worth Avenue, shopping, dining, and area attractions.

Details

Property type

Condominium

Est. home value

$2,379,043

Lot size

Unknown

Price per sq ft

$1,004

Year built

1974

Annual property taxes

$17,461

Monthly HOA fee

$2,875

Price History

12/09/2024
Beaches

Beaches #R10954650

Price change
$1,875,000
-3.85%
07/15/2024
Beaches

Beaches #R10954650

Price change
$1,950,000
-13.33%
01/29/2024
Beaches

Beaches #R10954650

Listed
$2,250,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool

Negotiation Insights

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

Seller could get up to

$1,402,729
Asking price
$1,875,000
Closing costs (~8% of asking)
-$150,000
Est. remaining loan balance
-$322,271
Cash to seller
$1,402,729

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Provident Bank

Loan start date

May 2007

Original loan amount

$508,000

Est. remaining balance

$322,271

Interest rate

6.17%

Loan type

Not Provided, 30 year

Seller

Thomas A Palacorolla and Barbara J Palacorolla

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?

Status: Active

Tomo last checked: 12/22/2024 at 7:50 PM

Listing updated: 12/10/2024 at 12:48 PM

Listed by: Thor Brown, Compass Florida LLC (PB) Phone #: (305) 851-2820

MLS: Beaches #R10954650

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