NOT LISTED FOR SALE

3120 S Ocean Blvd Unit 1602 Palm Beach, FL 33480

Estimated Value: $1,159,179 - $2,739,000

2 Beds
2.5 Baths
2,497 Sq Ft
$1,984/mo HOA Fee

Last Sold March 26, 2021

Last sale price $715,000 $286 Per Sq Ft

Est. 159% increase in value since last sale

Current estimated payment $13,442/month

112 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Community Pool
  • Palm Beach Public School Rated A-
  • Marble Flooring
  • Tennis Courts

About This Home

As of March 2021

Penthouse condo, large 2BR/2.5 Bath 9' ceilings, marble floors, 3 balconies with expansive ocean & intracoastal view, over 2,400 s.f. living space. Stunning designer decorated spacious unit in oceanfront bldg., with ocean and intracoastal views, Marble floors, built ins, dining room. Building amenities include doorman, tennis, restored pool and full-time staff. Tennis court, 24hr doorman, FT manager, recently renovated amenities..it is a must see.

Last Agent to Sell the Property

Jennifer Sommers

One Sotheby's International Realty License #3238576 Listed on: 11/03/2020

One Sotheby's International Realty

Last Buyer's Agent

Franklin Gooley

Century 21 America's Choice/WPB License #659768

Century 21 America's Choice/WPB

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,403

Year Built

  • Built in 1984

Lot Details

  • Ocean Front

HOA Fees

  • $1,984 Monthly HOA Fees

Parking

  • 1 Car Garage

Property Views

  • Ocean
  • Intracoastal

Interior Spaces

  • 2,497 Sq Ft Home
  • Wet Bar
  • Entrance Foyer
  • Formal Dining Room
  • Marble Flooring
  • Closed Circuit Camera

Kitchen

  • Eat-In Kitchen
  • <<builtInOvenToken>>
  • Electric Range
  • <<microwave>>
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 50434426070016020

Community Details

Overview

  • Association fees include management, cable TV, pest control, sewer, water
  • 45 Units
  • Thirty One Twenty Condo / Subdivision
  • 6-Story Property

Amenities

  • Doorman
  • Game Room
  • Business Center
  • Community Library
  • Bike Room

Recreation

  • Tennis Courts
  • Community Pool

Security

  • Resident Manager or Management On Site
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,403

Year Built

Built in 1984

Lot Details

0

HOA Fees

$1,984 per month

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Just south of Lake Worth bridge on A1A on Ocean side. ring gatehouse.
  • Year Built: 1984
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Wet Bar, Dining Area, Separate/Formal Dining Room, Entrance Foyer, Eat-in Kitchen, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Built-In Oven, Dryer, Dishwasher, Electric Range, Disposal, Ice Maker, Microwave, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Marble
  • Living Area: 2497.0
  • Dining Room Type: Laundry
  • Stories: 6

Exterior Features

  • View: Intercoastal, Ocean
  • Pool Features: None, Association, Community
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes
  • Construction Type: Block
  • Property Condition: Resale

Garage/Parking

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

Utilities

  • Security: Closed Circuit Camera(s), Door Man, Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 1984.0
  • Community Features: Game Room, Non-Gated, Property Manager On-Site, Pool, Tennis Court(s)
  • Senior Community: No
  • Amenities: Bike Storage, Business Center, Library, Management, Pool, Tennis Court(s)
  • Association Fee Frequency: Monthly
  • Pets Allowed: No

Fee Information

  • Association Fee Includes: Association Management, Cable TV, Pest Control, Sewer, Water

Lot Info

  • Parcel #: 50434426070016020
  • Lot Size Sq Ft: 417226.0
  • Zoning Description: Res
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 6403.0

Multi Family

  • Number Of Units In Community: 45

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 10, 2022
Sold by
Capossela and Angela
Bought by
Capossela Living Trust
Current Estimated Value
$1,853,045

Purchase Details

Closed on
Sep 8, 2021
Sold by
Capossela and Angela
Bought by
Capossela Living Trust

Purchase Details

Listed on
Nov 3, 2020
Closed on
Mar 26, 2021
Sold by
Cowen Shirley Felinton
Bought by
Capossela Angela and Capossela Ronald
Seller's Agent
Jennifer Sommers
One Sotheby's International Realty
Buyer's Agent
Franklin Gooley
Century 21 America's Choice/WPB
List Price
$799,000
Sold Price
$715,000
Premium/Discount to List
-$84,000
-10.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.75%
Original Mortgage
$572,000
Interest Rate
2.9%
Mortgage Type
New Conventional
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
Capossela Living Trust -- None Listed On Document
Capossela Living Trust -- None Listed On Document
Capossela Living Trust -- None Listed On Document
Capossela Angela -- Independence Ttl Ins Agcy In
Capossela Angela -- Independence Ttl Ins Agcy In
Capossela Angela $715,000 Independence Ttl Ins Agcy In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Capossela Living Trust $125,000
Previous Owner Capossela Angela $572,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2021 03/26/21 Sold $715,000 +7050.0% $286 / Sq Ft
02/24/2021 02/24/21 Pending -- -- --
02/01/2021 02/01/21 Rented $10,000 -98.7% --
01/02/2021 01/02/21 Under Contract -- -- --
11/03/2020 11/03/20 For Sale $799,000 0.0% $320 / Sq Ft
06/23/2020 06/23/20 For Rent $7,500 0.0% --
04/24/2019 04/24/19 For Rent $7,500 0.0% --
04/24/2019 04/24/19 Rented $7,500 -- --
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 $14,673 $950,000 -- --
2023 $14,212 $885,500 $0 $950,000
2022 $12,973 $805,000 $0 $0
2021 $11,003 $645,000 $0 $645,000
2020 $6,450 $398,745 $0 $0
2019 $6,428 $389,780 $0 $0
2018 $6,113 $382,512 $0 $0
2017 $6,380 $374,644 $0 $0
2016 $5,717 $366,938 $0 $0
2015 $5,908 $364,387 $0 $0
2014 $5,933 $361,495 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jennifer Sommers

    Seller's Agent in 2021

    Jennifer Sommers

    One Sotheby's International Realty

    (561) 888-3115

    62 Total Sales

    Jennifer Sommers
    Section Image

  • H

    Buyer's Agent in 2021

    HOWARD VINE

    Douglas Elliman

    (202) 262-7232

    8 Total Sales

    HOWARD VINE
    Section Image

  • F

    Buyer's Agent in 2021

    Franklin Gooley

    Century 21 America's Choice/WPB

    (561) 596-7806

    3 Total Sales

    Franklin Gooley
    Section Image
  • Erin Omiatek

    Seller Co-Listing Agent in 2019

    Erin Omiatek

    One Sotheby's International Realty

    (561) 702-2993

    53 Total Sales

    Erin Omiatek
    Section Image

  • S

    Buyer's Agent in 2019

    Stewart Denholtz

    Platinum Properties/The Keyes

    (561) 694-2220

    49 Total Sales

    Stewart Denholtz
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10668389

BeachesMLS

APN: 50-43-44-26-07-001-6020

Florida Palm Beach County Palm Beach 33480

3120 S Ocean Blvd Unit 1602, Palm Beach, FL

This home is located at 3120 S Ocean Blvd Unit 1602, Palm Beach, FL 33480 since 03 November 2020 and is currently estimated at $1,853,045, approximately $742 per square foot. This property was built in 1984. 3120 S Ocean Blvd Unit 1602 is a home located in Palm Beach County with nearby schools including Lake Worth High School, Palm Beach Public School, and Lake Worth Community Middle 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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