NOT LISTED FOR SALE

The Dorchester of Palm Beach 3250 S Ocean Blvd Unit 501-S Palm Beach, FL 33480

Estimated Value: $767,000 - $1,044,000

2 Beds
2 Baths
1,640 Sq Ft
$1,495/mo HOA Fee

Last Sold March 03, 2023

Last sale price $750,000 $457 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $7,364/month

138 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Clubhouse
  • Palm Beach Public School Rated A-
  • Fitness Center
  • Community Pool

About This Home

As of March 2023

Situated in Palm Beach's highly desirable Dorchester, this 2/2 boasts graciously proportioned split bedrooms, in-unit laundry. Large balconies with ocean and intracoastal views. Full amenity building including 24/7 doorperson, garage parking, resort style pool/spa, tennis, pickleball, exercise facility and deeded beach access. Beach is just steps from the building. Chairs and umbrellas are placed on the sand everyday for the residents. Pet friendly, allowing for 2 pets up to 25 lbs each. Close proximity to Raymond Floyd ocean front golf course, Eau Spa and Resort , Worth Avenue and Lake Worth Pier is about 300 yards away.

Last Agent to Sell the Property

Jim Pappas

Lang Realty/Delray Beach License #3295211 Listed on: 10/14/2022

Lang Realty/Delray Beach

Co-Listed By

Paulius Bidva

Lang Realty/Delray Beach License #3304575

Last Buyer's Agent

Steve Ramirez, P.A.

Coldwell Banker Realty License #3339502

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,843

Year Built

  • Built in 1979

Lot Details

HOA Fees

  • $1,495 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Assigned Parking

Property Views

Interior Spaces

  • 1,640 Sq Ft Home
  • Ceiling Fan
  • Combination Dining and Living Room
  • Washer and Dryer

Kitchen

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

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Home Security

Outdoor Features

  • Balcony
  • Open Patio

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 50434426030025010

Community Details

Overview

  • Association fees include management, common areas, cable TV, insurance, maintenance structure, pest control, pool(s), reserve fund, roof, sewer, security, water
  • 100 Units
  • High-Rise Condominium
  • Dorchester Of Palm Beach Subdivision
  • 5-Story Property

Amenities

  • Doorman

Recreation

  • Community Spa

Security

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,843

Year Built

Built in 1979

Lot Details

0

HOA Fees

$1,495 per month

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: South of Lake Worth Bridge on the east side of S Ocean Blvd
  • Year Built: 1979
  • Architectural Style: High Rise
  • Entry Level: 5
  • Unit Levels: Three Or More
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Dual Sinks, Living/Dining Room, Split Bedrooms, Separate Shower, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Spa Features: Community
  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Washer/Dryer, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Carpet, Tile
  • Living Area: 1640.0
  • Stories: 5

Exterior Features

  • Exterior Features: Balcony
  • View: Intercoastal, Ocean
  • Pool Features: None, Association, Community
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Open
  • Property Condition: Resale

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association Fee: 1495.0
  • Community Features: Clubhouse, Non-Gated, Pickleball, Property Manager On-Site, Pool, Tennis Court(s)
  • Senior Community: No
  • Amenities: Clubhouse, Fitness Center, Management, Pickleball, Pool, Spa/Hot Tub, Tennis Court(s)
  • Association Fee Frequency: Monthly

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Cable TV, Insurance, Maintenance Structure, Pest Control, Pool(s), Reserve Fund, Roof, Sewer, Security, Water

Lot Info

  • Parcel #: 50434426030025010
  • Zoning Description: R-D(1)

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 8843.0

Multi Family

  • Number Of Units In Community: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2022
Closed on
Mar 3, 2023
Sold by
Stillman Roy and Stillman Cole
Bought by
Gelb Michael L
Seller's Agent
Jim Pappas
Lang Realty/Delray Beach
Buyer's Agent
Steve Ramirez, P.A.
Coldwell Banker Realty
List Price
$850,000
Sold Price
$750,000
Premium/Discount to List
-$100,000
-11.76%
Total Days on Market
138
Views
34
Current Estimated Value
$884,970

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$134,970
Avg. Annual Appreciation
7.53%
Original Mortgage
$500,000
Outstanding Balance
$487,088
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$397,882

Purchase Details

Closed on
Sep 8, 2020
Sold by
Morrison Elizabeth N and Estate Of Jane Stillman
Bought by
Morrison Cole and Morrison Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$339,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 18, 2018
Sold by
Stillman Roy
Bought by
Stillman Jane

Purchase Details

Closed on
Apr 30, 2007
Sold by
Fine Joel H and Fine Adele E
Bought by
Stillman Roy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 4, 2006
Sold by
Wales Betty M and Abraham L Carson Trust
Bought by
Fine Joel H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$511,000
Interest Rate
5.62%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 6, 2002
Sold by
Kraf Gilbert and Kraf Roberta
Bought by
Wales Betty M and Abraham L Carson Trust

Purchase Details

Closed on
Apr 15, 1997
Sold by
Clayton Frederic S and Clayton Marlene B
Bought by
Kraf Gilbert
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
Gelb Michael L $750,000 Princeton Title & Escrow
Morrison Cole -- Equity Settlement Svcs Inc
Stillman Jane $180,303 Attorney
Stillman Roy $600,000 Fidelity National Title Insu
Fine Joel H $639,000 Fidelity Natl Title Ins Co
Wales Betty M $425,000 Fidelity National Title Ins
Kraf Gilbert $220,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gelb Michael L $500,000
Previous Owner Morrison Cole $339,500
Previous Owner Stillman Roy $417,000
Previous Owner Stillman Roy $417,000
Previous Owner Fine Joel H $511,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2023 03/03/23 Sold $750,000 0.0% $457 / Sq Ft
03/02/2023 03/02/23 Pending -- -- --
01/06/2023 01/06/23 Price Changed $750,000 -6.2% $457 / Sq Ft
12/05/2022 12/05/22 Price Changed $799,900 -3.0% $488 / Sq Ft
11/04/2022 11/04/22 Price Changed $825,000 -2.9% $503 / Sq Ft
10/14/2022 10/14/22 For Sale $850,000 -- $518 / 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 $11,039 $713,000 -- --
2023 $10,379 $569,910 $0 $0
2022 $8,843 $518,100 $0 $0
2021 $8,069 $471,000 $0 $471,000
2020 $8,191 $471,000 $0 $471,000
2019 $8,358 $471,000 $0 $471,000
2018 $7,778 $451,000 $0 $451,000
2017 $7,781 $451,000 $0 $0
2016 $6,908 $396,000 $0 $0
2015 $7,191 $396,000 $0 $0
2014 $7,123 $380,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Pappas

    Seller's Agent in 2023

    Jim Pappas

    Lang Realty/Delray Beach

    (561) 900-8602

    190 Total Sales

    Jim Pappas
    Section Image
  • Paulius Bidva

    Seller Co-Listing Agent in 2023

    Paulius Bidva

    Lang Realty/Delray Beach

    (561) 900-8602

    182 Total Sales

    Paulius Bidva
    Section Image

  • S

    Buyer's Agent in 2023

    Steve Ramirez, P.A.

    Coldwell Banker Realty

    (561) 603-3556

    13 Total Sales

    Steve Ramirez, P.A.
    Section Image
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About The Dorchester of Palm Beach

Map

Source: BeachesMLS

MLS Number: R10838872

BeachesMLS

APN: 50-43-44-26-03-002-5010

Florida Palm Beach County Palm Beach 33480

3250 S Ocean Blvd Unit 501-S, Palm Beach, FL

This home is located at 3250 S Ocean Blvd Unit 501-S, Palm Beach, FL 33480 since 14 October 2022 and is currently estimated at $884,970, approximately $539 per square foot. This property was built in 1979. 3250 S Ocean Blvd Unit 501-S 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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