NOT LISTED FOR SALE

340 S Ocean Blvd Unit 5C Palm Beach, FL 33480

Estimated Value: $4,018,706 - $5,247,000

2 Beds
2 Baths
2,057 Sq Ft
$1,734/mo HOA Fee

Last Sold April 12, 2018

Last sale price $2,950,000 $1,434 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $30,160/month

34 Days on Market

Highlights

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

About This Home

As of April 2018

Beautiful Lowell House, a small boutique building centered in Palm Beach between Brazilian Avenue & Australian Avenue at the Atlantic Ocean. Unit 5C is front and center facing directly east overlooking the beach from its large terrace and all major rooms. Unit 5C has enjoyed a masterful renovation directed by a top NY designer offering a casually elegant style throughout. The kitchen and baths are of the finest quality with the design of great and efficient storage. The split floor plan offers the ultimate in privacy for both bedrooms. There are two covered parking spaces, beautiful function rooms and an oceanfront gym in this premium full service building.

Last Agent to Sell the Property

Gary Little

Sotheby's Intl. Realty, Inc. License #497423 Listed on: 02/06/2018

Sotheby's Intl. Realty, Inc.

Co-Listed By

Lynn Warren

Sotheby's Intl. Realty, Inc. License #497454

Last Buyer's Agent

Elaine Edwards

Brown Harris Stevens of PB License #597542

Brown Harris Stevens of PB

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $27,461

Year Built

  • Built in 1967

Lot Details

  • 0.58

HOA Fees

  • $1,734 Monthly HOA Fees

Parking

  • Garage

Home Design

  • Entry on the 51st floor

Interior Spaces

  • 2,057 Sq Ft Home
  • Sliding Windows
  • Entrance Foyer
  • Combination Dining and Living Room
  • Ocean Views

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Parquet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Outdoor Features

  • Balcony
  • Open Patio

Additional Features

  • Ocean Front
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 50434323070000220

Community Details

Overview

  • Association fees include management, common areas, insurance, laundry, ground maintenance, maintenance structure, roof, security
  • 24 Units
  • Lowell House Condo Lts 53 Subdivision
  • 6-Story Property

Amenities

  • Doorman
  • Clubhouse
  • Laundry Facilities
  • Elevator

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$27,461

Year Built

Built in 1967

Lot Details

0

HOA Fees

$1,734 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Australian Ave and South Ocean Blvd
  • Year Built: 1967
  • Entry Level: 51
  • Year Built Details: Resale
  • Pets No Pets Comments: Other Pet Restrictions:Possible Restrictions
  • Special Features: None

Interior Features

  • Interior Amenities: Entrance Foyer, Living/Dining Room, Split Bedrooms, Tub Shower, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Dishwasher, Electric Range, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Ceramic Tile, Parquet
  • Living Area: 2057.0
  • Stories: 6
  • Window Features: Sliding

Exterior Features

  • Exterior Features: Balcony
  • View: 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

  • Garage Yn: No
  • Parking Features: Garage

Utilities

  • Laundry Features: Common Area
  • Security: Door Man
  • 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: 1734.0
  • Community Features: Pool
  • Senior Community: No
  • Amenities: Clubhouse, Laundry, Pool, Elevator(s)
  • Association Fee Frequency: Monthly

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Insurance, Laundry, Maintenance Grounds, Maintenance Structure, Roof, Security

Lot Info

  • Parcel #: 50434323070000220
  • Lot Size: 1/2 to < 1 Acre
  • Lot Size Sq Ft: 25176.0
  • Zoning Description: R-D(2)
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 27461.0

Multi Family

  • Number Of Units In Community: 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2018
Closed on
Apr 10, 2018
Sold by
Schaefer Scott P and Schaefer Jeri S
Bought by
Foglia Maryanne
Seller's Agent
Gary Little
Sotheby's Intl. Realty, Inc.
Buyer's Agent
Elaine Edwards
Brown Harris Stevens of PB
List Price
$3,200,000
Sold Price
$2,950,000
Premium/Discount to List
-$250,000
-7.81%
Current Estimated Value
$4,573,177

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,623,177
Avg. Annual Appreciation
6.01%
Original Mortgage
$2,212,500
Outstanding Balance
$1,865,009
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,708,168

Purchase Details

Closed on
Aug 20, 2010
Sold by
Warwick Charles H and Warwick Elsie C
Bought by
Schaefer Scott P and Schaefer Jeri S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
4.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 2002
Sold by
Mcmichael Dalton L and Miracle Louise M
Bought by
Warwick Charles H and Warwick Elsie C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$980,000
Interest Rate
6.8%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Foglia Maryanne $2,950,000 Attorney
Schaefer Scott P $1,200,000 Attorney
Warwick Charles H $960,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Foglia Maryanne $2,212,500
Previous Owner Schaefer Scott P $900,000
Previous Owner Warwick Charles H $980,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/12/2018 04/12/18 Sold $2,950,000 -7.8% $1,434 / Sq Ft
03/13/2018 03/13/18 Pending -- -- --
02/06/2018 02/06/18 For Sale $3,200,000 -- $1,556 / 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 $50,155 $3,405,000 -- --
2023 $50,632 $3,405,000 $0 $3,405,000
2022 $39,109 $2,436,500 $0 $0
2021 $36,035 $2,215,000 $0 $2,215,000
2020 $36,837 $2,215,000 $0 $2,215,000
2019 $37,616 $2,215,000 $0 $2,215,000
2018 $28,100 $2,115,000 $0 $2,115,000
2017 $27,461 $2,115,000 $0 $0
2016 $24,712 $1,180,597 $0 $0
2015 $21,704 $1,073,270 $0 $0
2014 $19,432 $975,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2018

    Gary Little

    Sotheby's Intl. Realty, Inc.

    (561) 309-6379

    18 Total Sales

    Gary Little
    Section Image
  • Lynn Warren

    Seller Co-Listing Agent in 2018

    Lynn Warren

    Sotheby's Intl. Realty, Inc.

    (561) 659-3555

    17 Total Sales

    Lynn Warren
    Section Image

  • E

    Buyer's Agent in 2018

    Elaine Edwards

    Brown Harris Stevens of PB

    (561) 659-6400

    15 Total Sales

    Elaine Edwards
    Section Image
See All Agents

Map

Source: BeachesMLS

MLS Number: R10403443

BeachesMLS

APN: 50-43-43-23-07-000-0220

Florida Palm Beach County Palm Beach 33480

340 S Ocean Blvd Unit 5C, Palm Beach, FL

This home is located at 340 S Ocean Blvd Unit 5C, Palm Beach, FL 33480 since 06 February 2018 and is currently estimated at $4,573,177, approximately $2,223 per square foot. This property was built in 1967. 340 S Ocean Blvd Unit 5C 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.

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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