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$2,999,900

Beds
2
Baths
2.5
sq ft
2,117

701 S Olive Ave Unit 311, West Palm Beach, FL 33401

701 S Olive Ave Unit 311

West Palm Beach, FL 33401

  • 73 days on market
Stunning SE corner unit with soaring 14-ft ceilings, tray ceilings, floor to ceiling oversized windows, & sliders that fill every room with natural light. This 2-bedroom, 2.5-bath condo spans 2,117 sqft plus a den & 5 covered balconies! Maintenance free porcelain floors, huge walk in closets, motorized & manual sunshades, custom lighting, & custom closets. The kitchen offers all new Kitchen Aid appliances 2024, breakfast bar & an eat-in area w/ a spacious balcony. Additional conveniences include 2 premium parking spots, one on the same floor as the condo, and a storage room. The building offers a variety of luxurious amenities, including a rooftop pool, sauna and steam room, and rooftop lounge areas. For entertainment, residents can enjoy a moonlight movie theater, a private indoor thea

Details

Property type

Condominium

Est. home value

$1,546,275

Lot size

Unknown

Price per sq ft

$1,418

Year built

2008

Annual property taxes

$17,392

Monthly HOA fee

$2,017

Price History

10/14/2024
Beaches

Beaches #R11028352

Listed
$2,999,900
+130.76%
06/20/2024
Beaches

Beaches #R10971465

Sold
$1,300,000
-18.65%
05/16/2024
Beaches

Beaches #R10971465

Pending
$1,598,000

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Park, Street Lights, Sidewalks

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

$2,259,948
Asking price
$2,999,900
Closing costs (~8% of asking)
-$239,992
Est. remaining loan balance
-$499,960
Cash to seller
$2,259,948

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

Seller’s Loan History

Lender

The Lending Group Company

Loan start date

February 2021

Original loan amount

$548,250

Est. remaining balance

$499,960

Interest rate

2.65%

Loan type

New Conventional, 30 year

Seller

Linda Merk Gould and Linda Merk Gould Revocable Trust

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: 12/26/2024 at 10:00 AM

Listing updated: 12/10/2024 at 12:55 PM

Listed by: James Madalone, NextHome Real Estate Executives Phone #: (561) 207-7647

MLS: Beaches #R11028352

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