NOT LISTED FOR SALE

340 S Ocean Blvd Unit 2F Palm Beach, FL 33480

Estimated Value: $3,404,000 - $4,103,000

2 Beds
2 Baths
1,826 Sq Ft
$2,021/Sq Ft Est. Value

Last Sold May 29, 2013

Last sale price $900,000 $493 Per Sq Ft

Est. 310% increase in value since last sale

Current estimated payment $24,307/month

205 Days on Market

Highlights

  • Doorman
  • Property has ocean access
  • Fitness Center
  • Palm Beach Public School Rated A-
  • Home fronts a seawall
  • Gas Heated Pool

About This Home

As of May 2013

Superbly renovated, 2BR/2BA split floor plan. High ceilings, laundry in unit, water filtration system, large terrace, garage, pet friendly.

Last Agent to Sell the Property

CAROL DIGGES

Brown Harris Stevens of Palm Beach 0039 Listed on: 09/26/2012

Last Buyer's Agent

ASHLEY COPELAND

Brown Harris Stevens of Palm Beach 0039

Property Details

Home Type

  • Condo-Op

Est. Annual Taxes

  • $11,013

Year Built

  • Built in 1967

Lot Details

  • Home fronts a seawall
  • West Facing Home

HOA Fees

  • $1,876 Monthly HOA Fees

Parking

  • 1 Car Garage

Interior Spaces

  • 1,826 Sq Ft Home
  • Fireplace
  • Dining Area
  • Storage
  • Home Gym

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Disposal
  • Instant Hot Water

Flooring

  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Pool

  • Gas Heated Pool
  • Outdoor Pool

Outdoor Features

  • Property has ocean access
  • Bulkhead
  • Balcony

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 50434323070000070

Community Details

Overview

  • Association fees include insurance, cable TV, common area, maintenance exterior, trash, sewer, water
  • 29 Units
  • Lowell House Community
  • On-Site Maintenance
  • 6-Story Property

Amenities

  • Doorman
  • Common Area
  • Lobby
  • Elevator

Recreation

  • Fitness Center

Pet Policy

  • Pet Restriction

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condo-Op

Est. Annual Taxes

$11,013

Year Built

Built in 1967

Lot Details

0

HOA Fees

$1,876 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condo/Co-Op
  • Directions: 3 blocks North of Worth Ave. on S. Ocean Blvd.
  • Building Name: Lowell House
  • Year Built: 1967
  • Location Tax Legal:Name of Building: Lowell House
  • Location Tax Legal:Zoned: R-D(1) - Moderate Density Residential
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 11013.0
  • Location Tax Legal:Tax Year2: 2011
  • General Property Description:Living Area: 1826.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: No
  • General Property Description:Maintenance Amount: 5628.43
  • General Property Description:Per: Quarter
  • General Property Description:_pound_ Units in Complex: 29
  • General Property Description:_pound_ Floors: 6.0
  • Pool:Pool3: Yes
  • Floors:Tile: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Laundry:Laundry in Unit: Yes
  • Security:Door Person: Yes
  • Services Included:Full Time Manager: Yes
  • Services Included:Exercise Facility: Yes
  • Maintenance Includes:Common Area: Yes
  • Maintenance Includes:Exterior Bldg: Yes
  • Maintenance Includes:Garbage Pickup: Yes
  • Maintenance Includes:Sewer2: Yes
  • Maintenance Includes:Water2: Yes
  • Pool:Heated - Gas: Yes
  • Floors:WW Carpeting: Yes
  • Exposure of Unit:West2: Yes
  • Lease Restrictions Pets W Restrictions: Yes
  • Maintenance Includes:Cable TV: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Refrigerator-Wine, Instant Hot Water, Microwave, Washer, Dryer, Range - Electric
  • Total Bedrooms: 2
  • Flooring: Tile, W/W Carpeting
  • Interior Amenities: Cable, Fireplace, Storage
  • Living Area: 1826.0
  • Stories: 6
  • Interior Features:Storage: Yes
  • Other Rooms:Eat-in Kitchen: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Refrigerator-Wine: Yes
  • Interior Features:Cable: Yes
  • Appliances:Range - Electric: Yes
  • Interior Features:Fireplace: Yes
  • Other Rooms:Dining Area: Yes
  • Appliances:Instant Hot Water: Yes

Exterior Features

  • Pool Features: Pool, Fresh Water, Heated Gas
  • Pool Private: Yes
  • Exterior Features: Balcony, Seawall/Bulkhead, Elevator, Exercise Room, Lobby, Ocean Acc-Not Deeded
  • Exterior Features:Balcony: Yes
  • Exterior Features:Elevator2: Yes
  • Exterior Features:Exercise Room2: Yes
  • Exterior Features:Lobby: Yes
  • Exterior Features:Ocean Acc-Not Deeded: Yes
  • Exterior Features:SeawallBulkhead2: Yes

Garage/Parking

  • Parking:Garage2: Yes
  • Parking:_one_ Car2: Yes
  • Parking:Covered Parking: Yes

Utilities

  • Laundry Features: Laundry in Unit
  • Security: Door Person
  • Heating: Central Air, Central Heat
  • Heating Yn: Yes

Condo/Co-op/Association

  • Amenities: Full Time Manager, Exercise Facility
  • Association: Yes

Association/Amenities

  • Restrictions:Condo Association: Yes

Fee Information

  • Association Fee Includes: Insurance, Cable TV, Common Area, Maintenance Exterior, Trash, Sewer, Water

Lot Info

  • Development Status: Land Owned
  • Parcel #: 50434323070000070
  • Zoning: R-D(1) - Moderate

Multi Family

  • Number Of Units Total: 29
  • Maintenance Expense: 5628.43

Tax Info

  • Tax Annual Amount: 11013.0
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 7, 2015
Sold by
Wheat James C
Bought by
Corey John Edwin
Current Estimated Value
$3,689,435

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Outstanding Balance
$831,117
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,858,318

Purchase Details

Listed on
Sep 26, 2012
Closed on
May 29, 2013
Sold by
Remmert Elizabeth D
Bought by
Wheat James C
Seller's Agent
CAROL DIGGES
Brown Harris Stevens of Palm Beach 0039
Buyer's Agent
ASHLEY COPELAND
Brown Harris Stevens of Palm Beach 0039
List Price
$900,000
Sold Price
$900,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.06%

Purchase Details

Closed on
Feb 25, 2004
Sold by
Mattei James E
Bought by
Remmert Elizabeth D and The Elizabeth D Remmert Revocable Trust

Purchase Details

Closed on
Jun 9, 2003
Sold by
Carlson Carl and Carlson Anne
Bought by
Mattei James E and The James E Mattei Revocable Trust

Purchase Details

Closed on
Jun 30, 1999
Sold by
Mcmichael Dalton L
Bought by
Carlson Carl and Carlson Ane
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
Corey John Edwin $1,600,000 Attorney
Wheat James C $900,000 Attorney
Remmert Elizabeth D $825,000 --
Mattei James E $700,000 Southeast Guaranty & Title I
Carlson Carl $220,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Corey John Edwin $1,100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/29/2013 05/29/13 Sold $900,000 0.0% $493 / Sq Ft
04/19/2013 04/19/13 Pending -- -- --
09/26/2012 09/26/12 For Sale $900,000 -- $493 / Sq Ft
Source: Palm Beach Board of REALTORS®

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 $34,447 $1,996,500 -- --
2023 $33,256 $1,815,000 $0 $2,700,000
2022 $28,726 $1,650,000 $0 $0
2021 $24,645 $1,500,000 $0 $1,500,000
2020 $25,044 $1,500,000 $0 $1,500,000
2019 $25,572 $1,500,000 $0 $1,500,000
2018 $23,124 $1,400,000 $0 $1,400,000
2017 $21,957 $1,300,000 $0 $0
2016 $21,597 $1,250,000 $0 $0
2015 $14,403 $797,500 $0 $0
2014 -- $725,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2013

    CAROL DIGGES

    Brown Harris Stevens of Palm Beach 0039

  • A

    Buyer's Agent in 2013

    ASHLEY COPELAND

    Brown Harris Stevens of Palm Beach 0039

See All Agents

Map

Source: Palm Beach Board of REALTORS®

MLS Number: 12-2114

APN: 50-43-43-23-07-000-0070

Florida Palm Beach County Palm Beach 33480

340 S Ocean Blvd Unit 2F, Palm Beach, FL

This home is located at 340 S Ocean Blvd Unit 2F, Palm Beach, FL 33480 since 26 September 2012 and is currently estimated at $3,689,435, approximately $2,020 per square foot. This property was built in 1967. 340 S Ocean Blvd Unit 2F is a home located in Palm Beach County with nearby schools including Palm Beach Public School, Conniston Middle School, and Forest Hill Community High School.

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