NOT LISTED FOR SALE

The Cove South Building 2784 S Ocean Blvd Unit 508N Palm Beach, FL 33480

Estimated Value: $1,255,000 - $1,913,000

2 Beds
2.5 Baths
1,863 Sq Ft
$1,340/mo HOA Fee

Last Sold May 23, 2013

Last sale price $760,000 $408 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $11,404/month

150 Days on Market

Highlights

  • Property fronts an intracoastal waterway
  • Roman Tub
  • Community Pool
  • Palm Beach Public School Rated A-
  • Marble Flooring
  • Den

About This Home

As of May 2013

NOW AVAILABLE: The sought after NW penthouse located in The Cove's NORTH building! Superior Intracoastal Waterway views from the living areas, bedrooms and wrap around balcony. Stunning kitchen with Viking convec. oven and microwave, Subzero refrigerator, Bosch DW, Thermador range with Zephyr exhaust and Tromm Supercapacity W/D in utility room . Cabana is included...also in a prime location!

Last Agent to Sell the Property

Ann Corbin

Sandals Realty Group, Inc. License #694707 Listed on: 11/23/2012

Last Buyer's Agent

Gary Pohrer

Serhant License #3068785

Serhant

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,321

Year Built

  • Built in 1975

Lot Details

  • Northwest Facing Home

HOA Fees

  • $1,340 Monthly HOA Fees

Interior Spaces

  • 1,863 Sq Ft Home
  • Den

Kitchen

  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • Roman Tub

Laundry

  • Dryer
  • Washer

Parking

  • Over 1 Space Per Unit
  • Assigned Parking

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 50434423050015080

Community Details

Overview

  • 80 Units
  • Cove Condo Subdivision
  • 5-Story Property

Recreation

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,321

Year Built

Built in 1975

Lot Details

0

HOA Fees

$1,340 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: S. Ocean Blvd. across from the Four Seasons and north of the LW Bridge
  • Year Built: 1975
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Garden Tub/Roman Tub, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Carpet, Ceramic Tile, Marble, Wood
  • Living Area: 1863.0
  • Dining Room Type: Den
  • Stories: 5

Exterior Features

  • View: Intercoastal
  • Pool Features: None, Community
  • Waterfront Features: Intracoastal Access
  • Waterfront: Yes
  • Construction Type: Block
  • Direction Faces: Northwest

Garage/Parking

  • Parking Features: Assigned, Two or More Spaces

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 1340.0
  • Community Features: Fitness, Pool
  • Senior Community: No
  • Association Fee Frequency: Monthly
  • Pets Allowed: Conditional, No

Lot Info

  • Parcel #: 50434423050015080
  • Zoning Description: RES

Tax Info

  • Tax Year: 2011
  • Tax Annual Amount: 8321.0

Multi Family

  • Number Of Units In Community: 80

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 23, 2012
Closed on
May 23, 2013
Sold by
Desgroseilliers Dennis and Czerepak Pamela
Bought by
Freeburg Michael J
Seller's Agent
Ann Corbin
Sandals Realty Group, Inc.
Buyer's Agent
Gary Pohrer
Serhant
List Price
$825,000
Sold Price
$760,000
Premium/Discount to List
-$65,000
-7.88%
Current Estimated Value
$1,597,553

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$837,553
Avg. Annual Appreciation
6.21%
Original Mortgage
$360,000
Outstanding Balance
$82,916
Interest Rate
3.44%
Mortgage Type
New Conventional
Estimated Equity
$1,514,637

Purchase Details

Closed on
Dec 15, 2006
Sold by
Dickson Nancy
Bought by
Desgroseilliers Dennis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
6.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 2, 1998
Sold by
Tanzman Dorothy
Bought by
Dickson David
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
Freeburg Michael J $760,000 Attorney
Desgroseilliers Dennis $675,000 Attorney
Dickson David $289,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Freeburg Michael J $360,000
Previous Owner Desgroseilliers Dennis $540,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2013 05/23/13 Sold $760,000 -7.9% $408 / Sq Ft
04/23/2013 04/23/13 Pending -- -- --
11/23/2012 11/23/12 For Sale $825,000 -- $443 / 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 $19,534 $1,177,935 -- --
2023 $17,949 $1,070,850 $0 $0
2022 $16,412 $973,500 $0 $0
2021 $14,777 $885,000 $0 $885,000
2020 $14,350 $845,000 $0 $845,000
2019 $14,648 $845,000 $0 $845,000
2018 $12,966 $770,000 $0 $770,000
2017 $12,654 $735,000 $0 $0
2016 $12,739 $735,000 $0 $0
2015 $12,885 $698,500 $0 $0
2014 $11,623 $635,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2013

    Ann Corbin

    Sandals Realty Group, Inc.

  • G

    Buyer's Agent in 2013

    Gary Pohrer

    Serhant

    (561) 262-0856

    101 Total Sales

    Gary Pohrer
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About The Cove South Building

Map

Source: BeachesMLS

MLS Number: R3326651

BeachesMLS

APN: 50-43-44-23-05-001-5080

Florida Palm Beach County Palm Beach 33480

2784 S Ocean Blvd Unit 508N, Palm Beach, FL

This home is located at 2784 S Ocean Blvd Unit 508N, Palm Beach, FL 33480 since 23 November 2012 and is currently estimated at $1,597,553, approximately $857 per square foot. This property was built in 1975. 2784 S Ocean Blvd Unit 508N 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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