$540,000
SOLD FEB 1, 2016

The Dorchester of Palm Beach 3250 S Ocean Blvd Unit 508 N Palm Beach, FL 33480

2 Beds
2 Baths
1,478 Sq Ft
$1,037/mo HOA Fee

Recently Sold

$365 Per Sq Ft

9% Below List Price

46 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Intracoastal View
  • Palm Beach Public School Rated A-
  • Fitness Center
  • Clubhouse

About This Home

As of July 2021

Water views abound in this completely renovated condominium. Quality materials used in the work make this a luxurious space to enjoy the Palm Beach lifestyle.The Dorchester is an oceanfront property. This unit offers water views from both bedrooms and the living room of the beautiful Intracoastal Waterway. Bathrooms/kitchen are move in ready, redone in appealing, high-end cabinets, floors, finishes and 'California Closets'.This is a rare dog-friendly building. Owners may have two dogs weighing under 25 lbs. each. The amenities include a stunning pool area and private tennis court. The beach is outfitted with umbrellas and chairs for the comfort and convenience of the owners.24-hour door person service and underground parking add to the desirability. Come see for yourself!

Last Agent to Sell the Property

Wendy Rutledge

Veno Realty Group LLC License #3262083 Listed on: 11/16/2015

Last Buyer's Agent

Guy Buzzelli

Coldwell Banker Realty /Delray Beach License #3288843

Coldwell Banker Realty /Delray Beach

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,310

Year Built

  • Built in 1979

Lot Details

  • West Facing Home

HOA Fees

  • $1,037 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Garage Door Opener
  • Assigned Parking

Interior Spaces

  • 1,478 Sq Ft Home
  • Wet Bar
  • Bar
  • Ceramic Tile Flooring
  • Closed Circuit Camera

Kitchen

  • Built-In Oven
  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Closet Cabinetry
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Property has ocean access
  • Balcony
  • Open Patio

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 50434426030015080

Community Details

Overview

  • Association fees include management, common areas, cable TV, insurance, legal/accounting, ground maintenance, maintenance structure, pool(s), recreation facilities, roof, security, trash
  • Dorchester Condominium Subdivision
  • 5-Story Property

Amenities

  • Doorman
  • Elevator
  • Community Storage Space

Recreation

Pet Policy

  • Pets Allowed

Security

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,310

Year Built

Built in 1979

Lot Details

0

HOA Fees

$1,037 per month

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: The Dorchester is about 2 miles south of the Lake Worth pier on the ocean side of the road. 508 N is in the North building, which is on the left.
  • Year Built: 1979
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Wet Bar, Closet Cabinetry, Bar, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Built-In Oven, Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Ceramic Tile
  • Living Area: 1478.0
  • Dining Room Type: Storage Room
  • Stories: 5

Exterior Features

  • Exterior Features: Balcony
  • View: Intercoastal
  • Pool Features: None, Association, Community
  • Waterfront Features: Intracoastal Access, Ocean Access, Ocean Front
  • Waterfront: Yes
  • Construction Type: Block
  • Direction Faces: West
  • Patio And Porch Features: Balcony, Open

Garage/Parking

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

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: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 1037.0
  • Community Features: Clubhouse, Property Manager On-Site, Pool, Tennis Court(s)
  • Senior Community: No
  • Amenities: Clubhouse, Fitness Center, Management, Pool, Storage, Tennis Court(s), Elevator(s)
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Cable TV, Insurance, Legal/Accounting, Maintenance Grounds, Maintenance Structure, Pool(s), Recreation Facilities, Roof, Security, Trash

Lot Info

  • Parcel #: 50434426030015080
  • Zoning Description: Resident

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 5310.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2021
Closed on
Jul 30, 2021
Sold by
Brachfeld Dale S
Bought by
Hanson Jane E
Seller's Agent
JUDITH LYONS
Hilton Hilton Palm Beach LLC
Buyer's Agent
Jason Haverkamp
William Raveis Real Estate
List Price
$850,000
Sold Price
$850,000
Total Days on Market
46
Current Estimated Value
$1,125,005

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$275,005
Avg. Annual Appreciation
6.84%
Original Mortgage
$637,500
Outstanding Balance
$179,444
Interest Rate
3%
Mortgage Type
Commercial
Estimated Equity
$928,861

Purchase Details

Listed on
Sep 21, 2016
Closed on
Jul 20, 2017
Sold by
Fox Richard and Fox Marica A
Bought by
Brachfeld Jerrold E
Seller's Agent
GUY BUZZELLI
SCOTT GORDON REALTY ASSOCIATES
Buyer's Agent
Pascal Liguori
Premier Estate Properties, Inc.
List Price
$530,000
Sold Price
$530,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.44%
Original Mortgage
$397,500
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 16, 2015
Closed on
Feb 1, 2016
Sold by
Klyde Lynne and Klyde Barry J
Bought by
Fox Richard
Seller's Agent
Wendy Rutledge
Veno Realty Group LLC
Buyer's Agent
Guy Buzzelli
Coldwell Banker Realty /Delray Beach
List Price
$595,000
Sold Price
$540,000
Premium/Discount to List
-$55,000
-9.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.26%
Original Mortgage
$290,000
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 18, 2004
Sold by
Demate Helena and Londono Manuel Mate
Bought by
Klyde Lynne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 20, 1996
Sold by
Londono Manuel Mate and Mate Manuel
Bought by
Londono Manuel M
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $850,000 Latitude Title Llc
Warranty Deed $530,000 Attorney
Warranty Deed $540,000 Lighthouse Title Svcs Llc
Warranty Deed $399,900 Universal Land Title Inc
Quit Claim Deed $100 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $637,500 Commercial
Previous Owner $397,500 New Conventional
Previous Owner $290,000 New Conventional
Previous Owner $200,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2021 07/30/21 Sold $850,000 0.0% $575 / Sq Ft
06/30/2021 06/30/21 Pending -- -- --
04/10/2021 04/10/21 For Sale $850,000 +60.4% $575 / Sq Ft
07/21/2017 07/21/17 Sold $530,000 0.0% $359 / Sq Ft
07/20/2017 07/20/17 Pending -- -- --
09/21/2016 09/21/16 For Sale $530,000 -1.9% $359 / Sq Ft
02/01/2016 02/01/16 Sold $540,000 -9.2% $365 / Sq Ft
01/02/2016 01/02/16 Pending -- -- --
11/16/2015 11/16/15 For Sale $595,000 0.0% $403 / Sq Ft
01/01/2013 01/01/13 Rented $4,000 0.0% --
12/02/2012 12/02/12 Under Contract -- -- --
07/18/2012 07/18/12 For Rent $4,000 -33.3% --
02/01/2012 02/01/12 Rented $6,000 +50.0% --
01/02/2012 01/02/12 Under Contract -- -- --
07/26/2011 07/26/11 For Rent $4,000 -- --
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 $10,320 $704,000 -- --
2023 $11,523 $780,000 $0 $780,000
2022 $10,931 $679,650 $0 $0
2021 $7,177 $416,000 $0 $416,000
2020 $7,284 $416,000 $0 $416,000
2019 $7,432 $416,000 $0 $416,000
2018 $6,718 $386,000 $0 $386,000
2017 $6,017 $336,000 $0 $0
2016 $5,102 $291,000 $0 $0
2015 $5,310 $291,000 $0 $0
2014 $5,018 $271,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10184932

BeachesMLS

APN: 50-43-44-26-03-001-5080