$525,000
SOLD DEC 1, 2017

The Reef 2275 S Ocean Blvd Unit 107A Palm Beach, FL 33480

2 Beds
2 Baths
1,614 Sq Ft
$1,426/mo HOA Fee

Recently Sold

$325 Per Sq Ft

18 Days on Market

Highlights

  • Doorman
  • Direct Ocean View
  • Gas Heated Pool
  • Palm Beach Public School Rated A-
  • Property has ocean access
  • Waterfront

About This Home

As of April 2021

Lovely private garden views from large terrace in sought after, 2 pet friendly Reef Condominium. Spacious apartment with high ceilings and wood floors. Beautifully renovated kitchen with custom cabinetry, stainless steel appliances and water filtration system. New electrical panel. Luxurious master bathroom. Walk out to the pool and Ocean. Reef amenities include 24 hour security, stylish common areas, garage parking, fitness room, large pool and wide beach. Next to Palm Beach tennis center and Palm Beach Par 3 Golf Course. Short drive to Worth Avenue and cultural centers. Newly renovated public areas. Next to Palm Beach Par 3 Golf Club. Short drive to Worth Avenue and Cultural Centers. Resort living at it best.

Last Agent to Sell the Property

Joan Wenzel

Douglas Elliman License #597469 Listed on: 10/23/2017

Douglas Elliman

Co-Listed By

JOHN MURTHA

Douglas Elliman License #BK-3305679

Last Buyer's Agent

CONNIE STEIN

MARTHA A. GOTTFRIED, INC. 0200

Property Details

Home Type

  • Condo-Op

Est. Annual Taxes

  • $4,277

Year Built

  • Built in 1974

Lot Details

  • North Facing Home
  • Gated Home

HOA Fees

  • $1,426 Monthly HOA Fees

Parking

  • 1 Car Garage

Interior Spaces

  • 1,614 Sq Ft Home
  • Wet Bar
  • Dining Area
  • Utility Room
  • Wood Flooring

Kitchen

  • Single Oven
  • Electric Range
  • Freezer
  • Ice Maker
  • Dishwasher
  • Wine Refrigerator
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Hurricane or Storm Shutters
  • Fire and Smoke Detector

Eco-Friendly Details

  • Non-Toxic Pest Control

Pool

  • Gas Heated Pool
  • Outdoor Pool

Outdoor Features

  • Property has ocean access
  • Patio
  • Lanai

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 50434414010031070

Community Details

Overview

  • Association fees include insurance, cable TV, common area, maintenance exterior, trash, pest control, sewer, water
  • 22 Units
  • Reef, The Community
  • On-Site Maintenance
  • 6-Story Property

Amenities

  • Doorman
  • Common Area
  • Lobby
  • Elevator

Pet Policy

  • Pet Restriction
  • Small pets allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condo-Op

Est. Annual Taxes

$4,277

Year Built

Built in 1974

Lot Details

0

HOA Fees

$1,426 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condo/Co-Op
  • Directions: nxt to Phipps Ocean Park
  • Building Name: Reef, The
  • Year Built: 1974
  • Location Tax Legal:Name of Building: Reef, The
  • Location Tax Legal:Zoned: 0400
  • Location Tax Legal:Homestead Exempt: Yes
  • Location Tax Legal:Taxes2: 4277.28
  • Location Tax Legal:Tax Year2: 2015
  • General Property Description:Living Area: 1614.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • General Property Description:Maintenance Amount: 4277.28
  • General Property Description:Per: Quarter
  • General Property Description:_pound_ Units in Complex: 22
  • General Property Description:_pound_ Floors: 6.0
  • Waterfront-Building:Ocean - Direct: Yes
  • Pool:Pool3: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Laundry:Laundry in Unit: Yes
  • Security:Door Person: Yes
  • Services Included:Full Time Manager: Yes
  • Maintenance Includes:Common Area: Yes
  • Maintenance Includes:Exterior Bldg: Yes
  • Maintenance Includes:Garbage Pickup: Yes
  • Maintenance Includes:Pest Control: Yes
  • Maintenance Includes:Sewer2: Yes
  • Maintenance Includes:Water2: Yes
  • Exposure of Unit:North2: Yes
  • Pool:Heated - Gas: Yes
  • Floors:Hardwood: Yes
  • Pets:Pets Allowed: Yes
  • Security:Gate House: Yes
  • Lease Restrictions Pets W Restrictions: Yes
  • Pets:Pet Type: Both
  • Waterfront-Unit:Ocean - Direct2: Yes
  • Maintenance Includes:Cable TV: Yes
  • Pets:Weight Restrictions: 25 lbs or Under
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Refrigerator-Wine, Freezer, Ice Maker, Oven-Single, Washer, Dryer, Range - Electric
  • Total Bedrooms: 2
  • Flooring: Hardwood
  • Interior Amenities: Cable, Wet Bar, Wndw Trmnts Included, Smoke Alarms
  • Living Area: 1614.0
  • Stories: 6
  • Interior Features:Smoke Alarms: Yes
  • Interior Features:Wndw Trmnts Included: Yes
  • Other Rooms:Utility Room: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Refrigerator-Wine: Yes
  • Appliances:Freezer: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Cable: Yes
  • Appliances:Range - Electric: Yes
  • Other Rooms:Dining Area: Yes
  • Appliances:Oven-Single: Yes
  • Interior Features:Wet Bar: Yes

Exterior Features

  • Pool Features: Pool, Heated Gas
  • Pool Private: Yes
  • Exterior Features: Patio/Lanai, Storm Shutters, Ocean Access- Deeded, Elevator, Lobby
  • Exterior Features:Elevator2: Yes
  • Exterior Features:Lobby: Yes
  • Exterior Features:PatioLanai: Yes
  • Exterior Features:Ocean Access-Deeded: Yes
  • Exterior Features:Storm Shutters: Yes

Garage/Parking

  • Parking:Garage2: Yes
  • Parking:_one_ Car2: Yes
  • Parking:Other2: Yes

Utilities

  • Laundry Features: Laundry in Unit
  • Security: Gate House, Other Security, Door Person
  • Heating: Central Air, Central Heat
  • Heating Yn: Yes

Condo/Co-op/Association

  • Amenities: Full Time Manager, Other Services
  • Association: Yes

Association/Amenities

  • Restrictions:Condo Association: Yes

Fee Information

  • Association Fee Includes: Insurance, Cable TV, Common Area, Maintenance Exterior, Trash, Pest Control, Sewer, Water

Lot Info

  • Development Status: Land Owned
  • Parcel #: 50434414010031070
  • Zoning: 0400

Multi Family

  • Number Of Units Total: 22
  • Maintenance Expense: 4277.28

Tax Info

  • Tax Annual Amount: 4277.28
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 25, 2022
Sold by
Ticknor Susan G
Bought by
Susan G Ticknor 2015 Family Trust
Total Days on Market
18
Current Estimated Value
$1,430,760

Purchase Details

Listed on
Mar 12, 2021
Closed on
Apr 19, 2021
Sold by
Levinson Kathleen E
Bought by
Amalfi Associates Llc
Seller's Agent
Jason Haverkamp
William Raveis Real Estate
Buyer's Agent
JASON HAVERKAMP
THE FITE GROUP-Luxury Homes PB
List Price
$865,000
Sold Price
$865,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.03%

Purchase Details

Closed on
Jun 24, 2020
Sold by
Lazarus Lisa
Bought by
Ticknor Susan G

Purchase Details

Listed on
Oct 23, 2017
Closed on
Dec 1, 2017
Sold by
Mersentes Therese
Bought by
Levinson Stephen L
Seller's Agent
Joan Wenzel
Douglas Elliman
Buyer's Agent
CONNIE STEIN
MARTHA A. GOTTFRIED, INC. 0200
List Price
$525,000
Sold Price
$525,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.96%

Purchase Details

Closed on
Jul 18, 2012
Sold by
Mersentes Alexander
Bought by
Mersentes Therese

Purchase Details

Closed on
Jul 22, 2004
Sold by
Vanden Kaanto Birgitta and Vanden Bruel Jacky
Bought by
Mersentes Alexander

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,900
Interest Rate
7.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 8, 2000
Sold by
Zolot Marvin M and Zolot Diane R
Bought by
Vanden Bruele Jacky B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
8.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 21, 1996
Sold by
Suzanne Gerard and Suzanne Alexander
Bought by
Zolot Marvin M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
8.4%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Us Deeds Pa
Warranty Deed $865,000 Attorney
Warranty Deed $637,500 Lighthouse Title Svcs Llc
Warranty Deed $525,000 Attorney
Interfamily Deed Transfer -- Attorney
Warranty Deed $349,900 International Title Company
Warranty Deed $210,000 --
Warranty Deed $220,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $279,900 New Conventional
Previous Owner $75,000 Credit Line Revolving
Previous Owner $150,000 New Conventional
Previous Owner $198,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2021 04/19/21 Sold $865,000 0.0% $536 / Sq Ft
03/15/2021 03/15/21 Pending -- -- --
03/12/2021 03/12/21 For Sale $865,000 +64.8% $536 / Sq Ft
12/01/2017 12/01/17 Sold $525,000 0.0% $325 / Sq Ft
11/10/2017 11/10/17 Pending -- -- --
10/23/2017 10/23/17 For Sale $525,000 -- $325 / Sq Ft
Source: Palm Beach Board of REALTORS®

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 $17,065 $904,475 -- --
2023 $16,199 $822,250 $0 $1,350,000
2022 $12,027 $747,500 $0 $0
2021 $8,347 $485,000 $0 $485,000
2020 $8,059 $460,000 $0 $460,000
2019 $7,633 $425,000 $0 $425,000
2018 $7,404 $425,000 $0 $425,000
2017 $4,624 $289,278 $0 $0
2016 $4,287 $283,328 $0 $0
2015 $4,430 $281,358 $0 $0
2014 $4,448 $279,125 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 16-943

APN: 50-43-44-14-01-003-1070