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$1,546,275Estimated home value

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

  • Sold On 6/20/2024
Spectacular Southeast Corner Unit with Soaring 14-foot Ceiling throughout with extra-large windows and sliders giving all rooms sunlight throughout the day with 5 Balconies! 2117 sqft 2 Bedrooms 2.5 Baths with a Den area! 2 Premium Parking spots! Porcelain Flooring, Motorized & hand raised sunshades, Contemporary Lighting fixtures, & Custom Closets. Breakfast Bar and Eat in Kitchen with Large Balcony off the kitchen. Storage room and 1 of 2 parking on same floor level as condo. Two City Plaza is complete with all the amenities one could ever desire, featuring a rooftop pool with multiple lounging areas, sauna, jacuzzi, outdoor grill area, outdoor theater, & dog park on roof. Valet Parking, Full-service concierge, indoor theater, function room with bar. 24/7 lobby person 24/7 Security

Details

Property type

Condominium

Est. home value

$1,546,275

Lot size

Unknown

Price per sq ft

$755

Year built

2008

Annual property taxes

$17,392

Monthly HOA fee

$2,009

Price History

03/11/2025
Beaches

Beaches #R11058488

Removed
$2,999,900
02/03/2025
Beaches

Beaches #R11058488

Listed
$2,999,900
01/18/2025
Beaches

Beaches #R11028352

Removed
$2,999,900

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Gated, 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

$973,523
Asking price
$1,598,000
Closing costs (~8% of asking)
-$127,840
Est. remaining loan balance
-$496,637
Cash to seller
$973,523

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

$496,637

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: Off Market

Tomo last checked: 04/04/2025 at 1:35 PM

Listing updated: 06/20/2024 at 10:17 PM

Listed by: Ginger L Gowing, Luxury Real Estate Group LLC Phone #: (561) 929-7304

MLS: Beaches #R10971465

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