tomo logo

$549,000

Beds
1
Baths
1.5
sq ft
786

701 S Olive Ave Unit 1011, West Palm Beach, FL 33401

701 S Olive Ave Unit 1011

West Palm Beach, FL 33401

  • <1 day on market
Discover an exceptional opportunity to lease in the prestigious Two City Plaza, a premier full-service building perfectly located in the heart of Downtown West Palm Beach. Situated just across from One Flagler and minutes from all of downtown's top destinations, this stunning 1-bedroom, 1.5-bath residence offers a sophisticated urban lifestyle. Boasting soaring 10.5' ceilings and south-facing exposure for natural light, the condo features tile wood plank flooring, freshly painted interiors, updated lighting, and an open-concept kitchen. The private balcony is accessible from both the living room and bedroom- perfect for enjoying the Florida sunshine. 1-garage parking space is included. This full-service building boasts exceptional amenities; 24-hr security, concierge, roof top pool, hot..

Details

Property type

Condominium

Est. home value

$458,339

Lot size

365 sq ft

Price per sq ft

$699

Year built

2008

Annual property taxes

$7,033

Monthly HOA fee

$786

Price History

02/27/2025
Beaches

Beaches #R11066289

Listed
$549,000
+9.82%
12/05/2024
Beaches

Beaches #R10939494

Removed
$499,900
11/16/2024
Beaches

Beaches #R10939494

Listed
$499,900

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Park, Street Lights, Sidewalks

Number of units in community: 

467

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

$326,753
Asking price
$549,000
Closing costs (~8% of asking)
-$43,920
Est. remaining loan balance
-$178,327
Cash to seller
$326,753

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

Seller’s Loan History

Lender

Guardhill Financial Corp

Loan start date

August 2019

Original loan amount

$200,000

Est. remaining balance

$178,327

Interest rate

3.75%

Loan type

New Conventional, 30 year

Seller

Sherwood Conde and Liza Torres

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: 02/27/2025 at 2:55 PM

Listing updated: 02/27/2025 at 9:55 AM

Listed by: Lori Cronican, Douglas Elliman Phone #: (561) 655-8600

MLS: Beaches #R11066289

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