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$499,900

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

  • 359 days on market
    • Price drop $30,000↓
Fantastic opportunity to own a gem. This one-bedroom, 1.5-bath condo boasts 10' ceilings, a modern kitchen with all new SS appliances, porcelain wood floors, a full-size washer/dryer, and a private balcony overlooking the courtyard. Located in the heart of downtown WPB, Two City Plaza is a premier full-service doorman building with 24-hour security, valet parking, garage parking, and a fully renovated common area--stunning rooftop resort pool and entertainment area with panoramic views of the ocean, ICW, and the city. Enjoy a newly upgraded fitness center with showers, sauna, steam rooms, exercise room, and private massage room, movie theatre, community room, business center, and lovely serenity gardens. Walk to restaurants, shops, and nightlife. Visit Compass for more information.

Details

Property type

Condominium

Est. home value

$458,339

Lot size

Unknown

Price per sq ft

$637

Year built

2008

Annual property taxes

$6,561

Monthly HOA fee

$792

Price History

11/16/2024
Beaches

Beaches #R10939494

Listed
$499,900
11/16/2024
Beaches

Beaches #R10939494

Removed
$499,900
10/14/2024
Beaches

Beaches #R10939494

Price change
$499,900
-5.66%

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Clubhouse, Park, Street Lights

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

$280,481
Asking price
$499,900
Closing costs (~8% of asking)
-$39,992
Est. remaining loan balance
-$179,427
Cash to seller
$280,481

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

$179,427

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: 11/22/2024 at 8:10 PM

Listing updated: 11/16/2024 at 11:05 AM

Listed by: Tres Wilson, Compass Florida LLC Phone #: (305) 851-2820

MLS: Beaches #R10939494

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