NOT LISTED FOR SALE

The Addison 1500 S Ocean Blvd Unit 1505 Boca Raton, FL 33432

Estimated Value: $2,125,000 - $3,626,000

3 Beds
3.5 Baths
2,792 Sq Ft
$2,704/mo HOA Fee

Last Sold March 01, 2022

Last sale price $2,850,000 $1,021 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $21,581/month

96 Days on Market

Highlights

  • Ocean Front
  • Community Cabanas
  • Gated with Attendant
  • Boca Raton Community Middle School Rated A-
  • Fitness Center
  • Clubhouse

About This Home

As of March 2022

From the moment you step off the elevator, you're welcomed by a newly renovated elevator lobby with stunning, contemporary finishes. The double door entry opens into a fabulous foyer with lighted coved ceiling and marble floors featuring custom inlays. Notice the lacquered Burled Wood trim on the designer foyer sconces, a preview to the designer Burled Wood details throughout the residence. From the custom built-in shelving to the designer media wall... the high-shine, lacquered Burled Wood details exude the essence of living on a luxury yacht with panoramic ocean views.The primary suite features high-end glass tile flooring, a separate living/sitting area, a recently renovated bathroom and an oversized walk-in closet with modern, custom built-ins

Last Agent to Sell the Property

Mark Howard Hansen

Coldwell Banker License #637205 Listed on: 10/25/2021

Coldwell Banker

Last Buyer's Agent

Senada Adzem

Douglas Elliman License #3186942

Douglas Elliman

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $23,007

Year Built

  • Built in 1986

Lot Details

  • Ocean Front

HOA Fees

  • $2,704 Monthly HOA Fees

Parking

  • Over 1 Space Per Unit
  • Assigned Parking

Home Design

  • Concrete Roof

Interior Spaces

  • 2,792 Sq Ft Home
  • Built-In Features
  • Entrance Foyer
  • Family Room
  • Combination Dining and Living Room
  • Home Security System

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Stacked Bedrooms
  • Walk-In Closet
  • Jettted Tub and Separate Shower in Primary Bathroom

Laundry

  • Washer and Dryer
  • Laundry Tub

Utilities

  • Central Heating and Cooling System
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 06434732230021505

Community Details

Overview

  • Association fees include management, common areas, cable TV, insurance, ground maintenance, maintenance structure, pest control, sewer, security, trash, water
  • 169 Units
  • Addison Subdivision
  • 16-Story Property

Amenities

  • Game Room
  • Billiard Room
  • Community Library
  • Bike Room
  • Community Storage Space

Recreation

  • Community Spa

Security

  • Gated with Attendant
  • Resident Manager or Management On Site
  • Impact Glass
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$23,007

Year Built

Built in 1986

Lot Details

0

HOA Fees

$2,704 per month

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Ocean Boulevard (A1A) south of Camino Real to The Addison On The Ocean on the sand.
  • Year Built: 1986
  • Entry Level: 15
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Built-in Features, Entrance Foyer, Eat-in Kitchen, Jetted Tub, Living/Dining Room, Separate Shower, Stacked Bedrooms, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Spa Features: Community
  • Appliances: Built-In Oven, Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Washer/Dryer, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Marble, Other, Tile, Wood
  • Living Area: 2792.0
  • Dining Room Type: Family Room, Storage Room
  • Stories: 16
  • Window Features: Impact Glass

Exterior Features

  • View: Ocean, Water
  • Pool Features: None, Association, Community
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Concrete

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Garage Yn: Yes
  • Parking Features: Assigned, Detached, Garage, Two or More Spaces

Utilities

  • Laundry Features: Laundry Tub
  • Security: Security System, Gated with Guard, Security Guard, Fire Sprinkler System
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 2704.0
  • Community Features: Game Room, Gated, Property Manager On-Site, Pool, Sauna
  • Senior Community: No
  • Amenities: Billiard Room, Bike Storage, Cabana, Clubhouse, Fitness Center, Library, Management, Pool, Sauna, Spa/Hot Tub, Storage, Trash
  • Association Fee Frequency: Monthly

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Cable TV, Insurance, Maintenance Grounds, Maintenance Structure, Pest Control, Sewer, Security, Trash, Water

Lot Info

  • Parcel #: 06434732230021505
  • Zoning Description: Resident
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 23007.0

Multi Family

  • Number Of Units In Community: 169

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 24, 2024
Sold by
Klassen Kenneth F and Klassen Theresa M
Bought by
Klassen Kenneth F and Klassen Theresa M
Current Estimated Value
$2,888,203

Purchase Details

Listed on
Oct 25, 2021
Closed on
Mar 1, 2022
Sold by
Wassilian and Siran
Bought by
Klassen Kenneth F and Klassen Theresa M
Seller's Agent
Mark Howard Hansen
Coldwell Banker
Buyer's Agent
Senada Adzem
Douglas Elliman
List Price
$2,950,000
Sold Price
$2,850,000
Premium/Discount to List
-$100,000
-3.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.46%

Purchase Details

Closed on
Jul 18, 1997
Sold by
Longman Donna L
Bought by
Wassilian Vasken and Wassilian Siran

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.87%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Klassen Kenneth F -- None Listed On Document
Klassen Kenneth F -- None Listed On Document
Klassen Kenneth F $2,850,000 Patch Reef Title
Wassilian Vasken $500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wassilian Vasken $142,486
Previous Owner Wassilian Vasken $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2022 03/01/22 Sold $2,850,000 -3.4% $1,021 / Sq Ft
01/30/2022 01/30/22 Pending -- -- --
10/25/2021 10/25/21 For Sale $2,950,000 -- $1,057 / Sq Ft
Source: BeachesMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $37,678 $2,240,000 -- --
2023 $40,024 $2,358,000 $0 $2,358,000
2022 $25,508 $1,386,000 $0 $0
2021 $22,993 $1,260,000 $0 $1,260,000
2020 $22,993 $1,260,000 $0 $1,260,000
2019 $11,864 $665,673 $0 $0
2018 $11,108 $653,261 $0 $0
2017 $11,037 $639,825 $0 $0
2016 $11,060 $626,665 $0 $0
2015 $11,349 $622,309 $0 $0
2014 $11,393 $617,370 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Mark Howard Hansen

    Coldwell Banker

    (561) 213-2616

    51 Total Sales

    Mark Howard Hansen
    Section Image

  • S

    Buyer's Agent in 2022

    Senada Adzem

    Douglas Elliman

    (561) 245-2635

    149 Total Sales

    Senada Adzem
    Section Image

  • V

    Buyer Co-Listing Agent in 2022

    Vincent Monteleone

    Douglas Elliman

    (561) 245-2635

    24 Total Sales

    Vincent Monteleone
    Section Image
See All Agents

About The Addison

Map

Source: BeachesMLS

MLS Number: R10754401

BeachesMLS

APN: 06-43-47-32-23-002-1505

Florida Palm Beach County Boca Raton 33432

1500 S Ocean Blvd Unit 1505, Boca Raton, FL

This home is located at 1500 S Ocean Blvd Unit 1505, Boca Raton, FL 33432 since 25 October 2021 and is currently estimated at $2,888,203, approximately $1,034 per square foot. This property was built in 1986. 1500 S Ocean Blvd Unit 1505 is a home located in Palm Beach County with nearby schools including Boca Raton Elementary School, Boca Raton Community Middle School, and Boca Raton Community High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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