tomo logo

$899,000

Beds
2
Baths
2.0
sq ft
1,208

701 S Olive Ave Unit 202, West Palm Beach, FL 33401

701 S Olive Ave Unit 202

West Palm Beach, FL 33401

  • 82 days on market
Welcome to Unit 202 at Two City Plaza, Downtown West Palm Beach's Premier Luxury Residence.This elegant 2-bedroom, 2-bathroom condo offers a perfect blend of sophistication and comfort in one of the most sought-after buildings in the area. With soaring 14-foot ceilings, floor-to-ceiling windows, and an abundance of natural light, this unit feels spacious and inviting. The open-concept living space is ideal for entertaining, flowing seamlessly from the modern kitchen with granite countertops, stainless steel appliances, and ample storage, to the living room and private balcony.The primary suite features a large walk-in closet and a luxurious en-suite bathroom complete with dual sinks, a soaking tub, and a separate glass-enclosed shower. The second bedroom

Details

Property type

Condominium

Est. home value

$636,636

Lot size

Unknown

Price per sq ft

$745

Year built

2008

Annual property taxes

$11,340

Monthly HOA fee

$1,183

Price History

10/01/2024
Beaches

Beaches #R11025422

Listed
$899,000
+129.63%
02/01/2021
Beaches

Beaches #R10682616

Sold
$391,500

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, 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

$558,425
Asking price
$899,000
Closing costs (~8% of asking)
-$71,920
Est. remaining loan balance
-$268,655
Cash to seller
$558,425

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

Seller’s Loan History

Lender

American Financial Network Inc

Loan start date

March 2021

Original loan amount

$293,625

Est. remaining balance

$268,655

Interest rate

2.73%

Loan type

New Conventional, 30 year

Seller

Todd Herbst

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 4:00 PM

Listing updated: 12/10/2024 at 12:54 PM

Listed by: Rhys Hollyman, Logan Realty Inc Phone #: (561) 351-1686

MLS: Beaches #R11025422

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