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$799,000

Beds
2
Baths
2.0
sq ft
1,333

801 S Olive Ave Unit 1621, West Palm Beach, FL 33401

801 S Olive Ave Unit 1621

West Palm Beach, FL 33401

  • Pending
    • Price drop $36,000↓
PENTHOUSE Living within the Heart of West Palm Beach. Welcome to PH1621 located in downtown West Palm Beach most sought after premier luxury condominium. 2 side by side parking spaces #199-200 & 1 Storage Cage included. Unfurnished. Great natural light, overlooking the 7th floor Plaza Garden level, offering 2 Bedrooms, 2 Bathrooms, beautiful and spacious. No carpet! Tile on a diagonal throughout Kitchen and living areas, wood floors in both bedrooms, marble bathrooms, window treatments, modern fixtures and more. Superior building amenities: Roof Top Pool w/the BEST views of Palm Beach Island, Intracoastal & Ocean, bbq, sauna & steam room, 7th floor fitness & Clubroom, bicycle storage, hardwired fast speed internet, wonderful building staff & excellent security. Near The Square & action!

Details

Property type

Condominium

Est. home value

$811,147

Lot size

Unknown

Price per sq ft

$600

Year built

2006

Annual property taxes

$11,862

Monthly HOA fee

$1,434

Price History

09/04/2024
Beaches

Beaches #R10976050

Pending
$799,000
07/31/2024
Beaches

Beaches #R10976050

Price change
$799,000
-4.31%
04/08/2024
Beaches

Beaches #R10976050

Listed
$835,000
+73.96%

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Gated, Park, Sidewalks

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

$422,071
Asking price
$799,000
Closing costs (~8% of asking)
-$63,920
Est. remaining loan balance
-$313,009
Cash to seller
$422,071

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

Seller’s Loan History

Lender

First Republic Bank

Loan start date

July 2021

Original loan amount

$336,000

Est. remaining balance

$313,009

Interest rate

2.99%

Loan type

New Conventional, 30 year

Seller

Alan J Mclaren and Anne M Mclaren

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: Pending/Under Contract

Tomo last checked: 10/05/2024 at 12:00 AM

Listing updated: 10/01/2024 at 7:05 PM

Listed by: Sandra Kingman, Local Palm Beach Realty Inc. Phone #: (561) 814-7165

MLS: Beaches #R10976050

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