NOT LISTED FOR SALE

340 S Ocean Blvd Unit 50 Palm Beach, FL 33480

Estimated Value: $3,707,000 - $4,518,000

3 Beds
2.5 Baths
2,076 Sq Ft
1967 Built

Highlights

  • Doorman
  • Ocean Front
  • Community Pool
  • Palm Beach Public School Rated A-
  • Marble Flooring
  • Built-In Features

About This Home

As of August 2015

PRESTIGIOUS Lowell House. Interior designer's 3 bedroom/2.5 bath apartment in the Lowell house. Ocean view. Southeast corner location in building. 24-hour doorman. Awesome 3rd bedroom is a ''bunk-room'' - bunk beds each have their own TV at the foot of the bed: Proper formal dining room; SENSATIONAL

Last Agent to Rent the Property

Sharon Kahle

Inactive Member License #3216595 Listed on: 05/01/2015

Last Renter's Agent

Nancy Mendel

Tina Fanjul Associates, Inc. License #76747

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,576

Year Built

  • Built in 1967

Lot Details

  • Ocean Front

Parking

  • 1 Car Garage
  • Assigned Parking

Interior Spaces

  • 2,076 Sq Ft Home
  • Built-In Features
  • Ocean Views

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Stacked Bedrooms

Home Security

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Property Available on 5/1/13
  • Assessor Parcel Number 50434323070000050

Community Details

Overview

  • 29 Units
  • Lowell House Condo Lts 53 Subdivision

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Additional Features

  • Doorman
  • Fire Sprinkler System

Condo Details

Home Type

Condominium

Est. Annual Taxes

$13,576

Year Built

Built in 1967

Lot Details

0

Parking

1

Rental Info

  • Tenant Pays: Exterior Electric
  • Available Date: 2013-05-01

Listing Details

  • Prop. Type: Residential Lease
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Royal Palm Way to S. Ocean Blvd, North to building located at 340 S Ocean Blvd.
  • Year Built: 1967
  • Carport Y N: No
  • Special Features: None

Interior Features

  • Interior Amenities: Built-in Features, Stacked Bedrooms
  • Appliances: Dishwasher, Electric Water Heater, Disposal, Microwave, Refrigerator
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Carpet, Ceramic Tile, Marble
  • Living Area: 2076.0

Exterior Features

  • View: Ocean
  • Pool Features: None, Association, Community
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes

Garage/Parking

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

Utilities

  • Security: Door Man, Fire Sprinkler System
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Pool
  • Senior Community: No
  • Amenities: Pool
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 50434323070000050

Multi Family

  • Number Of Units In Community: 29

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 22, 2010
Sold by
Mercer George R
Bought by
Mortimer Tinsley Mercer and Mercer Dabney W
Current Estimated Value
$4,109,620

Purchase Details

Closed on
Oct 30, 2006
Sold by
Mercer George R
Bought by
Mercer Dale Tatum

Purchase Details

Closed on
Aug 17, 1999
Sold by
Tidewater Transit Co Inc
Bought by
Mercer George R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.7%
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
Mortimer Tinsley Mercer -- Attorney
Mercer Dale Tatum -- Attorney
Mercer George R -- Attorney
Mercer George R $475,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mercer George R $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/11/2015 08/11/15 Rented $10,500 -8.7% --
07/12/2015 07/12/15 Under Contract -- -- --
05/01/2015 05/01/15 For Rent $11,500 -- --
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 $13,576 $931,074 -- --
2023 $13,275 $903,955 $0 $0
2022 $13,278 $877,626 $0 $0
2021 $13,492 $852,064 $0 $0
2020 $13,514 $840,300 $0 $0
2019 $13,479 $821,408 $0 $0
2018 $12,794 $806,092 $0 $0
2017 $12,790 $789,512 $0 $0
2016 $12,714 $773,273 $0 $0
2015 $13,146 $767,898 $0 $0
2014 $13,206 $761,804 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10132485

BeachesMLS

APN: 50-43-43-23-07-000-0050