$2,275,000
SOLD NOV 8, 2023

434 Chilean Ave Unit 2B Palm Beach, FL 33480

2 Beds
2 Baths
1,401 Sq Ft
$2,075/mo HOA Fee

Recently Sold

$1,624 Per Sq Ft

33% Below List Price

300 Days on Market

Highlights

  • Doorman
  • Outdoor Pool
  • Home Gym
  • Palm Beach Public School Rated A-
  • Marble Flooring
  • Balcony

About This Home

As of November 2023

IN TOWN BOUTIQUE BUILDING, steps from Worth Avenues world-class shopping and restaurants. 2 bedroom, 2 bath, with very private terrace. Full-Service building including exercise room and pool. West end of street are the Town Yacht docks, bicycle path and two minute walk from The Society of The Four Arts.
Perfect Location!

Last Agent to Sell the Property

Sonja Stevens

Sotheby's International Realty, Inc. License #3144981 Listed on: 11/30/2022

Sotheby's International Realty, Inc.

Last Buyer's Agent

Linda R Olsson

Linda R. Olsson Inc. License #BK432027

Property Details

Home Type

  • Condo-Op

Est. Annual Taxes

  • $12,532

Year Built

  • Built in 1980

HOA Fees

  • $2,075 Monthly HOA Fees

Parking

  • 1 Parking Space

Interior Spaces

  • 1,401 Sq Ft Home
  • 4-Story Property
  • Home Gym
  • Marble Flooring

Kitchen

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

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Outdoor Pool
  • Balcony

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Additional Features

  • Non-Toxic Pest Control
  • Northeast Facing Home

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 50434327770000022

Community Details

Overview

  • Association fees include insurance, common area, maintenance exterior, trash, pest control, sewer, water
  • 22 Units
  • Eliot House Community
  • On-Site Maintenance

Amenities

  • Doorman
  • Common Area
  • Laundry Facilities
  • Elevator

Pet Policy

  • Pets Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condo-Op

Est. Annual Taxes

$12,532

Year Built

Built in 1980

Lot Details

0

HOA Fees

$2,075 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condo/Co-Op
  • Directions: Royal Palm Way South to Chilean Avenue left. Building on south side of street.
  • Building Name: Eliot House
  • Year Built: 1980
  • Location Tax Legal:Name of Building: Eliot House
  • Location Tax Legal:Zoned: R-D(1) - Moderate Density Residential
  • Location Tax Legal:Homestead Exempt: Yes
  • Location Tax Legal:Taxes2: 12532.0
  • Location Tax Legal:Tax Year2: 2022
  • General Property Description:Living Area: 1401.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: No
  • General Property Description:Maintenance Amount: 6224.66
  • General Property Description:Per: Quarter
  • General Property Description:_pound_ Units in Complex: 22
  • General Property Description:_pound_ Floors: 4.0
  • Exposure of Unit:East2: Yes
  • Pool:Pool3: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Security:Door Person: Yes
  • Services Included:Full Time Manager: Yes
  • Maintenance Includes:Common Area: Yes
  • Maintenance Includes:Exterior Bldg: Yes
  • Maintenance Includes:Garbage Pickup: Yes
  • Maintenance Includes:Pest Control: Yes
  • Maintenance Includes:Sewer2: Yes
  • Maintenance Includes:Water2: Yes
  • Exposure of Unit:North2: Yes
  • Floors:Marble: Yes
  • Laundry:Laundry in Building: Yes
  • Pets:Pets Allowed: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Freezer, Ice Maker, Microwave, Range - Electric
  • Total Bedrooms: 2
  • Flooring: Marble
  • Interior Amenities: Cable
  • Living Area: 1401.0
  • Stories: 4
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Cable: Yes
  • Appliances:Range - Electric: Yes

Exterior Features

  • Pool Features: Pool
  • Pool Private: Yes
  • Exterior Features: Balcony, Elevator, Exercise Room
  • Exterior Features:Balcony: Yes
  • Exterior Features:Elevator2: Yes
  • Exterior Features:Exercise Room2: Yes

Garage/Parking

  • Parking:_one_ Car2: Yes

Utilities

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

Condo/Co-op/Association

  • Amenities: Full Time Manager
  • Association: Yes

Association/Amenities

  • Restrictions:Condo Association: Yes

Fee Information

  • Association Fee Includes: Insurance, Common Area, Maintenance Exterior, Trash, Pest Control, Sewer, Water

Lot Info

  • Development Status: Land Owned
  • Parcel #: 50434327770000022
  • Zoning: R-D(1) - Moderate

Multi Family

  • Number Of Units Total: 22
  • Maintenance Expense: 6224.66

Tax Info

  • Tax Annual Amount: 12532.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2022
Closed on
Sep 29, 2023
Sold by
Lambert Queen Laura Leslie
Bought by
Snyder Scott
Seller's Agent
Sonja Stevens
Sotheby's International Realty, Inc.
Buyer's Agent
Linda R Olsson
Linda R. Olsson Inc.
List Price
$3,395,000
Sold Price
$2,275,000
Premium/Discount to List
-$1,120,000
-32.99%
Views
91

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.62%

Purchase Details

Listed on
Dec 27, 2016
Closed on
Jun 15, 2018
Sold by
434 Chilean Ave 2B Llc
Bought by
Lambert Diane
Seller's Agent
ROSALIND CLARKE
The Corcoran Group
Buyer's Agent
SHELLY NEWMAN
THE FITE GROUP-Luxury Homes PB
List Price
$803,500
Sold Price
$803,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.26%

Purchase Details

Closed on
Sep 22, 2017
Sold by
Hallman Thomas B and Hallman Kathleen E
Bought by
434 Chilean Ave 2B Llv

Purchase Details

Listed on
May 27, 2009
Closed on
Jun 2, 2014
Sold by
Hoffman Howard and Hoffman Sandi
Bought by
Hallman Thoma B
Seller's Agent
Mary Boykin
Sotheby's International Realty, Inc.
Buyer's Agent
ROSALIND CLARKE
MCCANN COYNER CLARKE
List Price
$915,000
Sold Price
$915,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.30%

Purchase Details

Closed on
Aug 30, 2004
Sold by
Walker Family Partnership Of Florida Ltd
Bought by
Hoffman Howard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,700
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 17, 2003
Sold by
Walker Milford D and Walker Debra H
Bought by
Walker Iii Family Partnership Of Florida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
4.66%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 21, 2002
Sold by
Savoy Palm Beach Inc
Bought by
Walker Milford D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,290
Interest Rate
5.11%
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 Type Sale Price Title Company
Warranty Deed $2,275,000 None Listed On Document
Warranty Deed $803,500 Attorney
Warranty Deed -- Attorney
Warranty Deed $915,000 Crystal Title & Escrow Co In
Warranty Deed $635,000 --
Interfamily Deed Transfer $600,000 --
Special Warranty Deed $394,700 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $310,000 New Conventional
Previous Owner $333,700 Purchase Money Mortgage
Previous Owner $450,000 Purchase Money Mortgage
Previous Owner $276,290 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2025 04/09/25 For Sale $3,995,000 +75.6% $3,036 / Sq Ft
11/08/2023 11/08/23 Sold $2,275,000 -9.0% $1,624 / Sq Ft
09/26/2023 09/26/23 Pending -- -- --
04/17/2023 04/17/23 Price Changed $2,500,000 -26.4% $1,784 / Sq Ft
11/30/2022 11/30/22 For Sale $3,395,000 +322.5% $2,423 / Sq Ft
06/15/2018 06/15/18 Sold $803,500 0.0% $611 / Sq Ft
02/12/2018 02/12/18 Pending -- -- --
12/27/2016 12/27/16 For Sale $803,500 -12.2% $611 / Sq Ft
05/30/2014 05/30/14 Sold $915,000 0.0% $695 / Sq Ft
05/28/2014 05/28/14 Pending -- -- --
05/27/2009 05/27/09 For Sale $915,000 -- $695 / 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 $27,852 $1,850,000 -- --
2023 $22,235 $1,460,000 $0 $1,460,000
2022 $12,532 $828,043 $0 $0
2021 $12,736 $803,925 $0 $0
2020 $12,755 $792,825 $0 $0
2019 $12,722 $775,000 $0 $775,000
2018 $12,963 $775,000 $0 $775,000
2017 $13,237 $775,000 $0 $0
2016 $12,739 $735,000 $0 $0
2015 $12,100 $670,000 $0 $0
2014 $12,258 $670,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 22-1764

APN: 50-43-43-27-77-000-0022