NOT LISTED FOR SALE

5500 Old Ocean Blvd Unit 2060 Ocean Ridge, FL 33435

Estimated Value: $467,000 - $899,000

2 Beds
2 Baths
1,062 Sq Ft
$480/mo HOA Fee

Last Sold March 03, 2020

Last sale price $489,000 $460 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $4,935/month

144 Days on Market

Highlights

  • Ocean View
  • 72,994 Sq Ft lot
  • Bike Room
  • Property has ocean access
  • Community Pool
  • Balcony

About This Home

As of March 2020

FURNITURE INCLUDED, STEPS AWAY FROM THE BEACH, CONDO OWNS LAND ON THE BEACH W/PRIVATE ACCESS AND A BEAUTIFUL DECK AREA ON THE SAND. 2BR/2BA, DESIGNER RENOVATIONS W/AMAZING VIEWS OF THE OCEAN, POOL AND GARDENS. OCEAN MANOR OWNS 200' OF PRIME OCEANFRONT WHERE ONE CAN SPEND YOUR MORNINGS ENJOYING YOUR COFFEE AND WATCHING THE SUNRISE. COMMUNITY IS BEAUTIFULLY LANDSCAPED WITH PAVERS THROUGHOUT.

Last Agent to Sell the Property

Anastasios Varvarikos

Inactive member License #3214873 Listed on: 09/10/2019

Inactive member

Last Buyer's Agent

Anastasios Varvarikos

Inactive member License #3214873 Listed on: 09/10/2019

Inactive member

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,396

Year Built

  • Built in 1973

Lot Details

  • 1.68

HOA Fees

  • $480 Monthly HOA Fees

Property Views

  • Ocean
  • Garden
  • Pool

Interior Spaces

  • 1,062 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Plantation Shutters
  • Family Room
  • Combination Dining and Living Room
  • Ceramic Tile Flooring
  • Washer and Dryer Hookup

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Stacked Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Separate Shower in Primary Bathroom

Home Security

Parking

  • Over 1 Space Per Unit
  • Guest Parking
  • Open Parking

Outdoor Features

  • Property has ocean access
  • Balcony
  • Open Patio

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 46434534240002060

Community Details

Overview

  • Association fees include insurance, laundry, ground maintenance, pool(s), reserve fund, sewer, trash
  • Ocean Manor Condo Subdivision

Amenities

  • Laundry Facilities
  • Bike Room
  • Community Storage Space

Recreation

  • Community Pool
  • Park

Security

  • Impact Glass

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,396

Year Built

Built in 1973

Lot Details

0

HOA Fees

$480 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: WOOLBRIGHT RD EAST TO OLD OCEAN BLVD, GO SOUTH TO OCEAN MANOR CONDO
  • Year Built: 1973
  • Entry Level: 2
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Living/Dining Room, Separate Shower, Stacked Bedrooms, Walk-In Closet(s)
  • Appliances: Dishwasher, Electric Range, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Ceramic Tile
  • Living Area: 1062.0
  • Dining Room Type: Family Room
  • Stories: 2
  • Window Features: Impact Glass, Plantation Shutters

Exterior Features

  • Exterior Features: Balcony
  • View: Garden, Ocean, Pool
  • Pool Features: None, Association, Community
  • View: Yes
  • Waterfront Features: Ocean Access
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Open
  • Property Condition: Resale

Garage/Parking

  • Garage Yn: No
  • Open Parking: Yes
  • Parking Features: Guest, Open, Two or More Spaces

Utilities

  • Laundry Features: Common Area, Washer Hookup, Dryer Hookup
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 480.0
  • Community Features: Park, Pool
  • Senior Community: No
  • Amenities: Bike Storage, Laundry, Pool, Storage
  • Association Fee Frequency: Monthly
  • Pets Allowed: No

Fee Information

  • Association Fee Includes: Insurance, Laundry, Maintenance Grounds, Pool(s), Reserve Fund, Sewer, Trash

Lot Info

  • Parcel #: 46434534240002060
  • Lot Size: 1 to < 2 Acres
  • Lot Size Sq Ft: 72994.0
  • Zoning Description: RMM(ci
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 4396.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2019
Closed on
Feb 18, 2020
Sold by
Lavigueur Philippe and Legault Denise
Bought by
Longenecker Jay C and Smith Patricia A
Seller's Agent
Anastasios Varvarikos
Inactive member
Buyer's Agent
Anastasios Varvarikos
Inactive member
List Price
$507,000
Sold Price
$489,000
Premium/Discount to List
-$18,000
-3.55%
Current Estimated Value
$673,818

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$184,818
Avg. Annual Appreciation
5.34%
Original Mortgage
$342,300
Outstanding Balance
$307,033
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$342,109

Purchase Details

Closed on
Feb 21, 2012
Sold by
Rosmarin Edward and Rosmarin Ruth
Bought by
Lavigueur Phillipe and Legault Denise

Purchase Details

Closed on
Jul 15, 2010
Sold by
Rosmarin Edward and Rosmarin Ruth
Bought by
Rosmarin Edward

Purchase Details

Closed on
Jul 19, 1995
Sold by
Videtta Joseph A
Bought by
Rosmarin Edward and Rosmarin Ruth G

Purchase Details

Closed on
Aug 17, 1993
Sold by
Videtta Joseph A and Videtta Marilyn L
Bought by
Videtta Joseph A
Source: Public Records

Range of Values:

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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
Longenecker Jay C $489,000 Peninsula Title Agency Llc
Lavigueur Phillipe $215,000 Attorney
Rosmarin Edward -- Attorney
Rosmarin Edward $110,000 --
Videtta Joseph A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Longenecker Jay C $342,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2020 03/03/20 Sold $489,000 -3.6% $460 / Sq Ft
02/02/2020 02/02/20 Pending -- -- --
09/10/2019 09/10/19 For Sale $507,000 -- $477 / 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 $9,398 $510,000 -- --
2023 $8,670 $466,600 $0 $466,600
2022 $8,580 $440,000 $0 $0
2021 $7,860 $400,000 $0 $400,000
2020 $5,377 $315,000 $0 $315,000
2019 $4,563 $225,000 $0 $225,000
2018 $4,396 $225,000 $0 $225,000
2017 $4,342 $220,000 $0 $0
2016 $4,328 $209,000 $0 $0
2015 $3,989 $190,000 $0 $0
2014 $4,032 $190,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2020

    Anastasios Varvarikos

    Inactive member

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Map

Source: BeachesMLS

MLS Number: R10559953

BeachesMLS

APN: 46-43-45-34-24-000-2060

Florida Palm Beach County Ocean Ridge 33435

5500 Old Ocean Blvd Unit 2060, Ocean Ridge, FL

This home is located at 5500 Old Ocean Blvd Unit 2060, Ocean Ridge, FL 33435 since 10 September 2019 and is currently estimated at $670,564, approximately $631 per square foot. This property was built in 1973. 5500 Old Ocean Blvd Unit 2060 is a home located in Palm Beach County with nearby schools including Forest Park Elementary School, Boynton Beach Community High School, and Congress Community Middle 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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