NOT LISTED FOR SALE

The Presidents of Palm Beach 2505 S Ocean Blvd Unit 311 Palm Beach, FL 33480

Estimated Value: $465,460 - $632,000

2 Beds
2 Baths
1,116 Sq Ft
$1,082/mo HOA Fee

Last Sold February 12, 2021

Last sale price $275,000 $246 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $4,621/month

158 Days on Market

Highlights

  • Doorman
  • Property fronts an intracoastal waterway
  • Recreation Room
  • Palm Beach Public School Rated A-
  • Fitness Center
  • Separate Shower in Primary Bathroom

About This Home

As of February 2021

Charming, well-maintained 2/2 in lovely Intracoastal building is ready for your personal touch! Enjoy beautiful sunsets and Intracoastal views from all rooms. Expansive balcony with access from every room overlooks dock and salt water pool, deeded beach access w/private path adds to the resort style living. Furniture is available at a negotiated price.Building features include; 24 hour door person, newly renovated social room with kitchen, bar, fitness and media rooms. The President of Palm Beach is perfectly situated across from the beautiful Par 3 golf course, with holes on the ocean & Intracoastal. Minutes away from Worth Ave. shopping, restaurants and entertainment.

Last Agent to Sell the Property

Kathryn Badal, PA

Brown Harris Stevens of PB License #681745 Listed on: 08/06/2020

Brown Harris Stevens of PB

Co-Listed By

Howard Chenoy

Douglas Elliman License #503020

Last Buyer's Agent

Michele Amowitz, PA

Realty Hub License #3340297

Realty Hub

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,182

Year Built

  • Built in 1961

Lot Details

HOA Fees

  • $1,082 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Assigned Parking

Property Views

Home Design

  • Entry on the 3rd floor

Interior Spaces

  • 1,116 Sq Ft Home
  • Furnished or left unfurnished upon request
  • Sliding Windows
  • Combination Dining and Living Room
  • Recreation Room

Kitchen

  • Electric Range
  • Microwave

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Stacked Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Separate Shower in Primary Bathroom

Utilities

  • Central Heating and Cooling System
  • Municipal Trash

Listing and Financial Details

  • Security Deposit $3,246
  • Assessor Parcel Number 50434423010003110

Community Details

Overview

  • Association fees include common areas, insurance, pest control, sewer, trash, water
  • High-Rise Condominium
  • President Of Palm Beach C Subdivision
  • 7-Story Property

Amenities

  • Doorman
  • Laundry Facilities

Recreation

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,182

Year Built

Built in 1961

Lot Details

0

HOA Fees

$1,082 per month

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: North of Lake Worth Bridge on the West side of South Ocean Blvd.
  • Year Built: 1961
  • Architectural Style: High Rise
  • Entry Level: 3
  • Unit Levels: Three Or More
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Living/Dining Room, Separate Shower, Stacked Bedrooms, Tub Shower, Walk-In Closet(s)
  • Furnished: Negotiable
  • Appliances: Electric Range, Microwave, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Carpet, Tile
  • Living Area: 1116.0
  • Dining Room Type: Recreation
  • Stories: 7
  • Window Features: Drapes, Sliding

Exterior Features

  • View: Intercoastal, Pool
  • Pool Features: None
  • Waterfront Features: Intracoastal Access
  • Waterfront: Yes
  • Construction Type: Block
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Garage Yn: Yes
  • Parking Features: Assigned

Utilities

  • Laundry Features: Common Area
  • Security: Door Man
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 1082.0
  • Community Features: Non-Gated
  • Senior Community: No
  • Amenities: Fitness Center, Laundry, Trash
  • Association Fee Frequency: Monthly
  • Pets Allowed: No

Fee Information

  • Association Fee Includes: Common Areas, Insurance, Pest Control, Sewer, Trash, Water

Lot Info

  • Parcel #: 50434423010003110
  • Zoning Description: RD-1
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Security Deposit: 3246.0

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 4182.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 20, 2021
Sold by
Kramer Alan M
Bought by
Krieger Mitchell
Current Estimated Value
$558,865

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,080
Outstanding Balance
$173,564
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$385,301

Purchase Details

Closed on
Aug 19, 1997
Sold by
Pr Alan M Kramer and Pr Ronald D Kramer
Bought by
Kramer Alan M
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
Krieger Mitchell $275,000 Attorney
Kramer Alan M $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Krieger Mitchell $192,080
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/12/2021 02/12/21 Sold $275,000 -15.4% $246 / Sq Ft
01/13/2021 01/13/21 Pending -- -- --
08/07/2020 08/07/20 For Sale $325,000 -- $291 / 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 $7,296 $438,867 -- --
2023 $6,708 $398,970 $0 $0
2022 $5,960 $362,700 $0 $0
2021 $4,418 $250,000 $0 $250,000
2020 $4,316 $240,000 $0 $240,000
2019 $4,198 $230,000 $0 $230,000
2018 $3,743 $210,000 $0 $210,000
2017 $3,628 $210,000 $0 $0
2016 $3,021 $170,000 $0 $0
2015 $3,143 $170,000 $0 $0
2014 $3,003 $160,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2021

    Kathryn Badal, PA

    Brown Harris Stevens of PB

    (561) 289-6014

    11 Total Sales

    Kathryn Badal, PA
    Section Image

  • H

    Seller Co-Listing Agent in 2021

    Howard Chenoy

    Douglas Elliman

    (954) 980-5632

    21 Total Sales

    Howard Chenoy
    Section Image
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About The Presidents of Palm Beach

Map

Source: BeachesMLS

MLS Number: R10645050

BeachesMLS

APN: 50-43-44-23-01-000-3110

Florida Palm Beach County Palm Beach 33480

2505 S Ocean Blvd Unit 311, Palm Beach, FL

This home is located at 2505 S Ocean Blvd Unit 311, Palm Beach, FL 33480 since 06 August 2020 and is currently estimated at $558,865, approximately $500 per square foot. This property was built in 1961. 2505 S Ocean Blvd Unit 311 is a home located in Palm Beach County with nearby schools including Palm Beach Public School, Lake Worth Community Middle School, and Forest Hill 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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