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$3,800,000

Beds
4
Baths
4.0
sq ft
2,925

550 S Ocean Blvd Unit 1001, Boca Raton, FL 33432

550 S Ocean Blvd Unit 1001

Boca Raton, FL 33432

  • 50 days on market
Once in a generation, exceptionally rare opportunity to combine two adjacent 10th floor units in the prestigious Chalfonte building, located directly on the ocean. This unique offering presents the chance to create a 4-bedroom, 4-bathroom coastal haven with expansive views of both the ocean and Lake Boca. The combined units boast an impressive 2, 925 square feet under air and a total of 3, 657 square feet, including two large balconies totaling over 700 square feet. Unit #1001 is currently being completely renovated with the highest quality of materials and craftsmanship including Sub Zero and Wolf appliance package. Unit 1003 is extremely well kept, designed with a spacious and adaptable floor plan. The prestigious Chalfonte offers premier amenities,

Details

Property type

Condominium

Est. home value

$3,924,490

Lot size

Unknown

Price per sq ft

$1,300

Year built

1974

Annual property taxes

$38,533

Monthly HOA fee

$3,050

Price History

11/03/2024
Beaches

Beaches #R11035010

Listed
$3,800,000
-4.88%
06/18/2024
Beaches

Beaches #R10970823

Removed
$3,995,000
05/14/2024
Beaches

Beaches #R10970823

Price change
$3,995,000
-9.2%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Park, Tennis Court(s)

Number of units in community: 

378

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

$2,964,814
Asking price
$3,800,000
Closing costs (~8% of asking)
-$304,000
Est. remaining loan balance
-$531,186
Cash to seller
$2,964,814

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

Seller’s Loan History

Lender

Angel Oak Mortgage Solutions Llc

Loan start date

July 2022

Original loan amount

$550,000

Est. remaining balance

$531,186

Interest rate

5.23%

Loan type

New Conventional, 30 year

Seller

Gl Chalfonte Funding Llc

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: 12/23/2024 at 6:40 PM

Listing updated: 12/17/2024 at 12:35 PM

Listed by: Ewa Prussin, Century 21 Stein Posner Phone #: (561) 756-9945

MLS: Beaches #R11035010

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