2418 S Olive Ave West Palm Beach, FL 33401
El Cid NeighborhoodEstimated Value: $5,364,000 - $7,117,000
6
Beds
4
Baths
4,912
Sq Ft
$1,274/Sq Ft
Est. Value
Highlights
- Home Theater
- Pool and Spa
- Marble Flooring
- Palm Beach Public School Rated A-
- Waterfront
- Mediterranean Architecture
About This Home
As of September 2022Located in the historic El Cid neighborhood of West Palm Beach, this 5,996 SF 6-bedroom, 5.5-bathroom Mediterranean-style home is a classic silhouette with a modern feel. Enter through the foyer on the first floor into the gallery, which connects the living, dining, kitchen and family rooms with two bedrooms with en-suite bathrooms. Volume ceilings mirror marble floors, with plenty of natural light and dark wooden accents throughout. On the second floor, the sitting room connects to the lavish master suite with a master bath, master closet, and a private veranda, with two additional bedrooms with en-suite bathrooms. With updated appliances, a 2-car detached garage, heated pool, hot tub, lanai, and outdoor fireplace, this house is an all-in-one paradise.
Last Agent to Sell the Property
Compass Florida, LLC License #3094127 Listed on: 06/23/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $38,833
Year Built
- Built in 2005
Lot Details
- 0.25 Acre Lot
- Waterfront
- West Facing Home
- Back and Front Yard Fenced
- Sprinkler System
Parking
- 2 Car Garage
Home Design
- Mediterranean Architecture
- Tile Roof
- Fiber Cement Roof
- Concrete Block And Stucco Construction
Interior Spaces
- 4,912 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Single Hung Windows
- Dining Room
- Home Theater
- Library
- Storage
- Utility Room
Kitchen
- Eat-In Kitchen
- Gas Range
- Microwave
- Ice Maker
- Dishwasher
- Disposal
Flooring
- Wall to Wall Carpet
- Marble
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Laundry
- Dryer
- Washer
Home Security
- Home Security System
- Impact Glass
- Fire and Smoke Detector
Pool
- Pool and Spa
- Gas Heated Pool
- Outdoor Pool
Outdoor Features
- Balcony
- Patio
- Lanai
Utilities
- Zoned Heating and Cooling
Community Details
- No Home Owners Association
- Tropic Isle Subdivision
Listing and Financial Details
- Assessor Parcel Number 74434327220120030
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 23, 2022
Closed on
Sep 9, 2022
Sold by
Johnson Charles
Bought by
Ross James H and Ross Alice D
Seller's Agent
Stephen Hall
Compass Florida, LLC
Buyer's Agent
John Cregan
Sotheby's International Realty, Inc.
List Price
$5,700,000
Sold Price
$5,700,000
Total Days on Market
47
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$560,285
Avg. Annual Appreciation
3.49%
Purchase Details
Closed on
Aug 3, 2005
Sold by
Cole James L
Bought by
Johnson Ii Charles
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,443,750
Interest Rate
4.68%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 1, 2004
Sold by
Forman Jerome F
Bought by
Cole James L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,065,300
Interest Rate
5.62%
Mortgage Type
Construction
Similar Homes in West Palm Beach, FL
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ross James H | $5,700,000 | -- | |
| Johnson Ii Charles | $1,925,000 | -- | |
| Cole James L | $675,000 | United Title Agencies I Inc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Johnson Ii Charles | $440,000 | |
| Previous Owner | Johnson Ii Charles | $1,443,750 | |
| Previous Owner | Cole James L | $1,065,300 | |
| Previous Owner | Forman Jerome F | $200,000 | |
| Previous Owner | Forman Jerome F | $50,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/09/2022 09/09/22 | Sold | $5,700,000 | 0.0% | $1,160 / Sq Ft |
| 09/09/2022 09/09/22 | Sold | $5,700,000 | 0.0% | $1,160 / Sq Ft |
| 08/10/2022 08/10/22 | Pending | -- | -- | -- |
| 08/09/2022 08/09/22 | Pending | -- | -- | -- |
| 06/23/2022 06/23/22 | For Sale | $5,700,000 | -91.1% | $1,160 / Sq Ft |
| 04/05/2022 04/05/22 | For Sale | $63,995,000 | 0.0% | $13,028 / Sq Ft |
| 07/15/2020 07/15/20 | Rented | $10,500 | -3.7% | -- |
| 06/29/2020 06/29/20 | Under Contract | -- | -- | -- |
| 06/22/2020 06/22/20 | For Rent | $10,900 | +3.8% | -- |
| 06/22/2020 06/22/20 | Rented | $10,500 | 0.0% | -- |
| 06/26/2019 06/26/19 | For Rent | $10,500 | +10.5% | -- |
| 04/12/2013 04/12/13 | For Rent | $9,500 | -91.7% | -- |
| 04/12/2013 04/12/13 | Rented | $114,000 | -- | -- |
Source: Palm Beach Board of REALTORS®
Tax History Compared to Growth
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 | $82,996 | $4,085,680 | -- | -- |
| 2023 | $81,142 | $3,966,680 | $1,697,400 | $2,269,280 |
| 2022 | $49,948 | $2,123,653 | $0 | $0 |
| 2021 | $43,736 | $2,145,013 | $667,000 | $1,478,013 |
| 2020 | $38,833 | $1,755,085 | $552,000 | $1,203,085 |
| 2019 | $39,024 | $1,747,349 | $529,000 | $1,218,349 |
| 2018 | $35,568 | $1,633,473 | $455,400 | $1,178,073 |
| 2017 | $44,848 | $2,034,437 | $396,000 | $1,638,437 |
| 2016 | $42,049 | $1,866,476 | $0 | $0 |
| 2015 | $21,830 | $980,611 | $0 | $0 |
| 2014 | $21,864 | $972,828 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Stephen Hall
Seller's Agent in 2022
Stephen Hall
Compass Florida, LLC
(561) 346-6068
7 in this area
68 Total Sales
-
John Cregan
Buyer's Agent in 2022
John Cregan
Sotheby's International Realty, Inc.
(847) 651-7210
9 in this area
55 Total Sales
-
Lisa Cregan
L
Buyer's Agent in 2022
Lisa Cregan
Sotheby's Intl. Realty, Inc.
(561) 659-3555
8 in this area
56 Total Sales
-
Haydee Levitt
Seller's Agent in 2020
Haydee Levitt
Sotheby's Intl. Realty, Inc.
(561) 818-9341
54 Total Sales
-
Chris Leavitt
Buyer's Agent in 2020
Chris Leavitt
Douglas Elliman
(616) 414-2810
92 in this area
222 Total Sales
-
Joey Columbo
J
Buyer Co-Listing Agent in 2020
Joey Columbo
Douglas Elliman
(561) 236-8754
42 in this area
57 Total Sales
Map
Source: Palm Beach Board of REALTORS®
MLS Number: 22-528
APN: 74-43-43-27-22-012-0030
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