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$1,290,000

Beds
2
Baths
3.0
sq ft
1,726

801 S Olive Ave Unit 602, West Palm Beach, FL 33401

801 S Olive Ave Unit 602

West Palm Beach, FL 33401

  • 48 days on market
SPACIOUS south-facing 2 Bedroom + large Den and 3 Full Bathrooms. Elegant foyer entry, polished marble flooring throughout and motorized shades on all windows. 2 Assigned parking spaces just steps from the unit - plus storage located on the same floor. One City Plaza offers a rooftop pool with jaw-dropping views of Palm Beach island, 24-hour security, 24-hour front desk staff, fitness center, steam room, sauna and more.

Details

Property type

Condominium

Est. home value

$1,204,837

Lot size

Unknown

Price per sq ft

$748

Year built

2006

Annual property taxes

$9,585

Monthly HOA fee

$1,839

Price History

10/05/2024
SEF

SEF #A11671966

Listed
$1,290,000
+5.31%
12/05/2023
SEF

SEF #A11397763

Removed
$1,225,000
06/03/2023
SEF

SEF #A11397763

Listed
$1,225,000
+118.75%

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$785,678
Asking price
$1,290,000
Closing costs (~8% of asking)
-$103,200
Est. remaining loan balance
-$401,122
Cash to seller
$785,678

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

December 2020

Original loan amount

$440,000

Est. remaining balance

$401,122

Interest rate

2.78%

Loan type

New Conventional, 30 year

Seller

Arno De Vos and Kylene De Vos

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 10:45 AM

Listing updated: 10/23/2024 at 11:00 AM

Listed by: Arno De Vos, De Vos Real Estate Phone #: (305) 432-1479

MLS: SEF #A11671966

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