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$1,750,000

Beds
2
Baths
2.0
sq ft
1,479

550 S Ocean Blvd Unit 2001, Boca Raton, FL 33432

550 S Ocean Blvd Unit 2001

Boca Raton, FL 33432

  • 50 days on market
EXTRAORDINARY OPPORTUNITY TO OWN A CORNER OCEANFRONT HIGH-FLOOR RESIDENCE AT CHALFONTE, BOCA RATON. LIVING SPACE WAS JUST GUTTED TO THE CONCRETE SO YOU CAN HAVE THE LUXURY OF CREATING THE UNIT AT YOUR LIKING. BREATHTAKING VIEWS OF OCEAN AND BEAUTIFUL LAKE BOCA. EXPANSIVE HURRICANE IMPACT SLIDING DOORS AND WINDOWS. NEW MASTER BEDROOM SLIDING DOOR JUST INSTALLED. HEAR THE OCEAN WAVES AND SEE OCEAN FISHES FROM THE SPACIOUS 500 SF OCEANFRONT TERRACE, PERFECT FOR ENTERTAINING AND ALFRESCO DINING. THE CHALFONTE AT BOCA RATON'S COVETED GOLDEN MILE OFFERS PREMIER AMENITIES, INCLUDING 24-HOUR SECURITY, A FITNESS CENTER, ACTIVE TENNIS, PICKLEBALL, MARINA, TWO BBQ GRILLING AREAS, AN OCEAN-SIDE POOL AND PRIVATE BEACH ACCESS WITH CHAIRS, LOUNGES AND UMBRELLA SERVICE!

Details

Property type

Condominium

Est. home value

$1,834,764

Lot size

Unknown

Price per sq ft

$1,184

Year built

1974

Annual property taxes

$21,382

Monthly HOA fee

$1,525

Price History

12/22/2024
Beaches

Beaches #R11034530

Price change
$1,750,000
+3.24%
11/03/2024
Beaches

Beaches #R11028872

Removed
$1,695,000
11/03/2024
Beaches

Beaches #R11034530

Listed
$1,695,000

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

$1,146,609
Asking price
$1,750,000
Closing costs (~8% of asking)
-$140,000
Est. remaining loan balance
-$463,391
Cash to seller
$1,146,609

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

Seller’s Loan History

Lender

Sg Capital Partners Llc

Loan start date

August 2021

Original loan amount

$500,000

Est. remaining balance

$463,391

Interest rate

2.9%

Loan type

New Conventional, 30 year

Seller

Guillermo Ferrer and Lucina Ferrer

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 6:15 PM

Listing updated: 12/23/2024 at 7:55 AM

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

MLS: Beaches #R11034530

Beaches logo