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$1,050,000

Beds
2
Baths
2.5
sq ft
1,625

701 S Olive Ave Unit 604, West Palm Beach, FL 33401

701 S Olive Ave Unit 604

West Palm Beach, FL 33401

  • 58 days on market
Welcome to Two City Plaza Residence 604! Fabulous Floor plan offering 2 Large Bedrooms ''En Suite'' and 2.5 Baths featuring 1625 s.f. of Luxury Living with Superb Corner location! The beautiful Porcelain flooring reflects the natural light in this stunning open floor plan with Floor to Ceiling Windows. The chef's kitchen features light cabinets and granite with Stainless steel appliances and breakfast bar! Enjoy the rooftop Resort Pool/Spa, Outdoor Moonlit Summer Kitchen , 24 hour staffed Lobby. 5 Star Amenities. The Rooftop Resort Pool/Spa offers Panoramic Views of Intracoastal, Ocean and Palm Beach Island. 100% West Palm Beach Walkability.Assigned Secure PREMIUM parking and Storage. NEW LG Washer & Dryer. Tenant occupied through 11/30/2024

Details

Property type

Condominium

Est. home value

$1,104,587

Lot size

365 sq ft

Price per sq ft

$647

Year built

2008

Annual property taxes

$16,796

Monthly HOA fee

$1,562

Price History

10/25/2024
Beaches

Beaches #R11031694

Listed
$1,050,000
-8.7%
12/01/2023
Beaches

Beaches #R10906941

Removed
$1,150,000
07/25/2023
Beaches

Beaches #R10906941

Listed
$1,150,000
+64.52%

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool

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

$573,464
Asking price
$1,050,000
Closing costs (~8% of asking)
-$84,000
Est. remaining loan balance
-$392,536
Cash to seller
$573,464

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

November 2021

Original loan amount

$419,400

Est. remaining balance

$392,536

Interest rate

3.05%

Loan type

New Conventional, 30 year

Seller

Richard J Destefano and Cynthia A Destefano

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 10:10 AM

Listing updated: 12/15/2024 at 11:55 AM

Listed by: Colleen Foley, Luxe Life Realty LLC Phone #: (561) 907-8155

MLS: Beaches #R11031694

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