NOT LISTED FOR SALE

2505 S Ocean Blvd Unit 6070 Palm Beach, FL 33480

Estimated Value: $352,000 - $453,000

-- Bed
1 Bath
531 Sq Ft
$562/mo HOA Fee

Last Sold November 14, 2022

Last sale price $325,000 $612 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $3,157/month

41 Days on Market

Highlights

  • Doorman
  • Property fronts an intracoastal waterway
  • Clubhouse
  • Palm Beach Public School Rated A-
  • Fitness Center
  • Community Pool

About This Home

As of November 2022

Quintessential Palm Beach getaway, get ready for your winter escape to paradise!Rare opportunity to own on Palm Beach Island for under 400K in the highly coveted and architecturally land marked, Palm Beach President Condominium!Enter this beautifully restored unit with expansive balcony and dramatic views of the Intracoastal Waterway. The sunset views are unparalleled!Resort style amenities include 24 hour security, resort style pool, new fitness center, private beach access and the ability to have your own boat dock!Don't miss this rare opportunity to own in one of Palm Beach's most well run and maintained buidlings!

Last Agent to Sell the Property

Jonathan Leavitt

Douglas Elliman License #3473059 Listed on: 09/08/2022

Douglas Elliman

Last Buyer's Agent

LoriAnn Santarpia

The Corcoran Group License #3139216

The Corcoran Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,625

Year Built

  • Built in 1970

Lot Details

  • 2.78

HOA Fees

  • $562 Monthly HOA Fees

Parking

  • Assigned Parking

Property Views

  • Intracoastal
  • Garden
  • Pool

Home Design

  • Studio

Interior Spaces

  • 1 Full Bathroom
  • 531 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Kitchen

  • Cooktop
  • Dishwasher

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Saltwater Pool
  • Property fronts an intracoastal waterway

Listing and Financial Details

  • Assessor Parcel Number 50434423010006070

Community Details

Overview

  • Association fees include insurance, maintenance structure, security, trash
  • President Of Palm Beach C Subdivision

Amenities

  • Doorman
  • Clubhouse
  • Laundry Facilities
  • Bike Room
  • Community Storage Space

Recreation

  • Fitness Center
  • Community Pool

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,625

Year Built

Built in 1970

Lot Details

0

HOA Fees

$562 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Southern Bridge East then South on South Ocean Boulevard.
  • Year Built: 1970
  • Entry Level: 6
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Furnished: Unfurnished
  • Appliances: Cooktop, Dishwasher, Electric Water Heater, Refrigerator
  • Full Bathrooms: 1
  • Flooring: Tile
  • Living Area: 531.0
  • Dining Room Type: Studio
  • Stories: 1

Exterior Features

  • View: Garden, Intercoastal, Pool
  • Pool Features: None, Salt Water, Association, Community
  • Waterfront Features: Intracoastal Access
  • Waterfront: Yes
  • Construction Type: Block
  • Other Structures: Apartment
  • Property Condition: Resale

Garage/Parking

  • Garage Yn: No
  • Parking Features: Assigned

Utilities

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

Condo/Co-op/Association

  • Association Fee: 562.0
  • Community Features: Non-Gated, Property Manager On-Site, Pool
  • Senior Community: No
  • Amenities: Bike Storage, Clubhouse, Fitness Center, Laundry, Management, Pool, Storage
  • Association Fee Frequency: Monthly

Fee Information

  • Association Fee Includes: Insurance, Maintenance Structure, Security, Trash

Lot Info

  • Parcel #: 50434423010006070
  • Zoning Description: R-C

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 2625.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2022
Closed on
Nov 10, 2022
Sold by
Lapiana Joseph
Bought by
Dalton Allen
Seller's Agent
Jonathan Leavitt
Douglas Elliman
Buyer's Agent
LoriAnn Santarpia
The Corcoran Group
List Price
$435,000
Sold Price
$325,000
Premium/Discount to List
-$110,000
-25.29%
Views
12
Current Estimated Value
$391,932

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,932
Avg. Annual Appreciation
8.82%

Purchase Details

Closed on
Jan 10, 2022
Sold by
Thompson and Crystal
Bought by
Lapiana Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,000
Interest Rate
3.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 2021
Sold by
Reidy Dennis and Walsh Maura
Bought by
Thompson Terry and Thompson Crystal

Purchase Details

Closed on
Feb 25, 2011
Sold by
Harrington Margaret S
Bought by
Reidy Dennis and Walsh Maura
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 Buyer Sale Price Title Company
Dalton Allen $325,000 First American Title
Lapiana Joseph $260,000 Coastal Title
Thompson Terry $150,000 Standard Title Ins Agcy Inc
Reidy Dennis $85,000 Sunbelt Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lapiana Joseph $182,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/14/2022 11/14/22 Sold $325,000 -18.5% $612 / Sq Ft
10/20/2022 10/20/22 Pending -- -- --
10/13/2022 10/13/22 Price Changed $399,000 -8.3% $751 / Sq Ft
09/08/2022 09/08/22 For Sale $435,000 -- $819 / 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 $4,949 $291,500 -- --
2023 $4,322 $265,000 $0 $265,000
2022 $3,332 $193,050 $0 $0
2021 $2,625 $140,000 $0 $140,000
2020 $2,468 $130,000 $0 $130,000
2019 $2,369 $125,000 $0 $125,000
2018 $2,102 $110,000 $0 $110,000
2017 $1,940 $95,000 $0 $0
2016 $1,611 $88,000 $0 $0
2015 $1,628 $83,600 $0 $0
2014 $1,479 $76,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Jonathan Leavitt

    Douglas Elliman

    (617) 267-3500

    27 Total Sales

    Jonathan Leavitt
    Section Image

  • L

    Buyer's Agent in 2022

    LoriAnn Santarpia

    The Corcoran Group

    (561) 543-4052

    22 Total Sales

    LoriAnn Santarpia
    Section Image
See All Agents

Map

Source: BeachesMLS

MLS Number: R10830455

BeachesMLS

APN: 50-43-44-23-01-000-6070

Florida Palm Beach County Palm Beach 33480

2505 S Ocean Blvd Unit 6070, Palm Beach, FL

This home is located at 2505 S Ocean Blvd Unit 6070, Palm Beach, FL 33480 since 08 September 2022 and is currently estimated at $391,932, approximately $738 per square foot. This property was built in 1970. 2505 S Ocean Blvd Unit 6070 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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