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$1,779,000

Beds
2
Baths
2.0
sq ft
1,982

801 S Olive Ave Unit 416, West Palm Beach, FL 33401

801 S Olive Ave Unit 416

West Palm Beach, FL 33401

  • 57 days on market
One of a kind spacious 2 story condo with 25 foot ceilings, Entire unit completely freshly painted, All new stainless steel LG appliances July '23, new water heater '23, march '23 new a/c, all marble floors and bathroom shower and countertops just re-polished, 2 inch blinds throughout unit. Amazing architectural design, balcony off dining room w/SE city and partial intracoastal views. Located in the luxurious One City Plaza in downtown WPB! Open Floor plan, complimentary valet parking for guests. 2 parking spaces in covered parking garage w/no elevator access needed. Close to City Place, dining, PBI Airport and more! This luxury building has a 17th fl roof top inground pool with views of the intracoastal and Palm Beach Island, on site manager, fitness center, sauna, steam room, 7th floo

Details

Property type

Condominium

Est. home value

$1,464,355

Lot size

Unknown

Price per sq ft

$898

Year built

2006

Annual property taxes

$8,029

Monthly HOA fee

$2,111

Price History

09/18/2024
Beaches

Beaches #R11021984

Listed
$1,779,000
+27.16%
04/15/2024
Beaches

Beaches #R10880691

Removed
$1,399,000
03/08/2024
Beaches

Beaches #R10880691

Price change
$1,399,000
-6.55%

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Park, Street Lights, 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

$1,363,400
Asking price
$1,779,000
Closing costs (~8% of asking)
-$142,320
Est. remaining loan balance
-$273,280
Cash to seller
$1,363,400

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

Seller’s Loan History

Lender

Ocean Capital Lending

Loan start date

January 2021

Original loan amount

$350,000

Est. remaining balance

$273,280

Interest rate

2.26%

Loan type

New Conventional, 15 year

Seller

Barry L Mabe

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: 11/13/2024 at 10:55 PM

Listing updated: 11/11/2024 at 10:25 AM

Listed by: James Madalone, NextHome Real Estate Executives Phone #: (561) 207-7647

MLS: Beaches #R11021984

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