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$739,000

Beds
2
Baths
2.0
sq ft
1,170

701 S Olive Ave Unit 805, West Palm Beach, FL 33401

701 S Olive Ave Unit 805

West Palm Beach, FL 33401

  • 104 days on market
FANTASTIC Condo, located in the luxury corridor of DOWNTOWN West Palm Beach! Two City Plaza Residence 805 offers 2 bedrooms and 2 baths with 1170 sf of luxury living! Featuring Marble Flooring throughout, this fabulous Floor plan offers split bedrooms and additional entry closet for storage! Primary Bedroom Suite features Double Custom Closets and expansive Marble Bath with soakng tub, separate shower & double basins. High Speed internet, basic cable, water, sewer, trash, and amenities included in HOA fees! Enjoy the rooftop Resort Pool/Spa, Outdoor Moonlit Theater, 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. Secured garage parking.. Hurricane Impact Window.

Details

Property type

Condominium

Est. home value

$623,177

Lot size

Unknown

Price per sq ft

$632

Year built

2008

Annual property taxes

$8,144

Monthly HOA fee

$1,148

Price History

08/10/2024
Beaches

Beaches #R11011442

Listed
$739,000
+117.35%
08/24/2019
Beaches

Beaches #R10472497

Sold
$340,000
+2.1%
05/01/2015
Beaches

Beaches #R10107489

Sold
$333,000

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Clubhouse

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

-$239,964
Asking price
$739,000
Closing costs (~8% of asking)
-$59,120
Est. remaining loan balance
-$919,844
Cash to seller
-$239,964

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

Seller’s Loan History

Lender

Stearns Lending Llc

Loan start date

June 2016

Original loan amount

$1,125,000

Est. remaining balance

$919,844

Interest rate

3.59%

Loan type

New Conventional, 30 year

Seller

Andrew Alfano and Sandy Alfano

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 10:35 AM

Listing updated: 09/30/2024 at 5:28 PM

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

MLS: Beaches #R11011442

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