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$1,045,417Estimated home value

Beds
2
Baths
2.0
sq ft
1,613

801 S Olive Ave Unit 609, West Palm Beach, FL 33401

801 S Olive Ave Unit 609

West Palm Beach, FL 33401

  • Sold On 8/16/2024
    • Price drop $26,000↓
Enjoy these breathtaking ocean and intracoastal views while living in the heart of West Palm! Unit is one of the largest 2 bedroom floor plans in the building, featuring 12 foot ceilings with a split floor plan and office space. Primary wing is spaciously removed from living area adding extra privacy. Washer/dryer in the unit. Balcony is a private oasis overlooking intracoastal, Palm Beach and ocean. One City Plaza's amenities include 24-hour security, valet service, a state-of-the-art fitness center, and a rooftop pool that provides stunning views of the ocean and Palm Beach Island. Additionally there is a steam room, sauna, and outdoor cooking area. Conveniently located 10 minutes from PBI Airport and steps to some of the best shopping and dining in West Palm.

Details

Property type

Condominium

Est. home value

$1,045,417

Lot size

365 sq ft

Price per sq ft

$558

Year built

2006

Annual property taxes

$21,128

Monthly HOA fee

$1,612

Price History

08/09/2024
Beaches

Beaches #R10985117

Sold
$800,000
-11.01%
07/19/2024
Beaches

Beaches #R10985117

Pending
$899,000
06/03/2024
Beaches

Beaches #R10985117

Price change
$899,000
-2.81%

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Clubhouse, Sidewalks

Number of units in community: 

354

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

$524,394
Asking price
$899,000
Closing costs (~8% of asking)
-$71,920
Est. remaining loan balance
-$302,686
Cash to seller
$524,394

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

Seller’s Loan History

Lender

Guaranteed Rate Affinity Llc

Loan start date

July 2020

Original loan amount

$400,000

Est. remaining balance

$302,686

Interest rate

2.72%

Loan type

New Conventional, 15 year

Seller

Jesse M Hoffman

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: Off Market

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

Listing updated: 09/02/2024 at 2:53 AM

Listed by: Mark Balsom, Douglas Elliman Phone #: (561) 278-5570

MLS: Beaches #R10985117

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