tomo logo

$1,100,000

Beds
2
Baths
2.0
sq ft
1,333

801 S Olive Ave Unit 1018, West Palm Beach, FL 33401

801 S Olive Ave Unit 1018

West Palm Beach, FL 33401

  • 66 days on market
    • Price drop $100,000↓
Experience unparalleled luxury in the heart of downtown City Place with this exquisite two-bedroom, two-bathroom condo. Situated in a prestigious five-star building, this fully furnished and meticulously custom-renovated residence epitomizes elegance and sophistication. Enjoy access to world-class amenities and a seamless move-in experience--just bring your suitcase. With high-end custom finishes already in place, avoid the hassle of renovations and permits. Additionally, a hidden safe enhances security. This opulent condo, available furnished, is the epitome of upscale living and convenience.

Details

Property type

Condominium

Est. home value

$744,674

Property condition

New Construction

Lot size

365 sq ft

Price per sq ft

$826

Year built

2006

Annual property taxes

$5,808

Monthly HOA fee

$1,423

Price History

09/06/2024
Beaches

Beaches #R11008573

Price change
$1,100,000
-8.33%
07/31/2024
Beaches

Beaches #R11008573

Listed
$1,200,000
+270.94%
02/28/2020
Beaches

Beaches #R10573378

Sold
$323,500

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Clubhouse, Gated

Number of units in community: 

350

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

$397,377
Asking price
$1,100,000
Closing costs (~8% of asking)
-$88,000
Est. remaining loan balance
-$614,623
Cash to seller
$397,377

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

Seller’s Loan History

Lender

Key Bank Na

Loan start date

June 2022

Original loan amount

$636,000

Est. remaining balance

$614,623

Interest rate

5.11%

Loan type

New Conventional, 30 year

Seller

Mark E Turner and Xen Troung

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: 10/05/2024 at 1:25 AM

Listing updated: 09/30/2024 at 4:54 PM

Listed by: Jaclyn Bard, LoKation Phone #: (954) 545-5583

MLS: Beaches #R11008573

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