NOT LISTED FOR SALE

701 S Olive Ave Unit 2118 West Palm Beach, FL 33401

Downtown West Palm Beach Neighborhood

Estimated Value: $1,152,337 - $1,332,000

2 Beds
3 Baths
1,593 Sq Ft
$771/Sq Ft Est. Value

Last Sold September 21, 2018

Last sale price $705,000 $443 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $8,636/month

About This Home

As of September 2018

Fully Furnished, turnkey! Chic, Dramatic Penthouse w/ 12FT ceilings,2 balconies, an incredible master bath and custom walk-in closet. Centrally located right over the bridge from PB Island and Worth Ave. Fantastic walkability.Upgrades throughout; European kitchen, marble flooring, accent lighting, crown-molding, amazing views!Resort style building with doorman, valet, concierge, rooftop pool, fitness center, club room and movie theater.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 1, 2021
Sold by
Mcdonald Grant J and Mcdonald Carol M
Bought by
Metzger Joe G
Current Estimated Value
$1,228,834

Purchase Details

Listed on
Feb 28, 2018
Closed on
Sep 21, 2018
Sold by
Gorman Thomas J and Gorman Thomas J
Bought by
Mcdonald Grant J
Seller's Agent
Lori Cronican
Douglas Elliman
Buyer's Agent
ELIZABETH (LISA) SABOL-DONO
Compass Florida LLC (PB)
List Price
$825,000
Sold Price
$705,000
Premium/Discount to List
-$120,000
-14.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.66%

Purchase Details

Closed on
Jun 30, 2014
Sold by
Gorman Thomas J
Bought by
Gorman Thomas J and The Thomas J Gorman Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 14, 2014
Sold by
Ulrich Laurel
Bought by
Gorman Thomas J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 21, 2011
Sold by
Kolter City Plaza Ii Inc
Bought by
Ulrich Laurel

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Metzger Joe G $776,000 Attorney
Mcdonald Grant J $705,000 Attorney
Gorman Thomas J -- Attorney
Gorman Thomas J $400,000 Attorney
Ulrich Laurel $499,000 K Title Company Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gorman Thomas J $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/16/2020 11/16/20 Rented $4,700 -27.7% --
10/17/2020 10/17/20 Under Contract -- -- --
07/24/2020 07/24/20 For Rent $6,500 0.0% --
09/21/2018 09/21/18 Sold $705,000 -14.5% $443 / Sq Ft
08/22/2018 08/22/18 Pending -- -- --
02/28/2018 02/28/18 For Sale $825,000 -- $518 / Sq Ft

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 $21,095 $975,000 -- --
2023 $13,300 $649,621 $0 $0
2022 $13,173 $630,700 $0 $0
2021 $11,683 $505,000 $0 $505,000
2020 $11,450 $490,000 $0 $490,000
2019 $12,286 $500,000 $0 $500,000
2018 $11,693 $510,000 $0 $510,000
2017 $11,597 $500,000 $0 $0
2016 $8,756 $411,046 $0 $0
2015 $8,923 $408,189 $0 $0
2014 $11,168 $455,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2020

    ELIZABETH (LISA) SABOL-DONO

    Compass Florida LLC (PB)

    (305) 851-2820

    4 in this area

    41 Total Sales

    ELIZABETH (LISA) SABOL-DONO
    Section Image

  • L

    Seller's Agent in 2018

    Lori Cronican

    Douglas Elliman

    (561) 459-2805

    85 in this area

    142 Total Sales

    Lori Cronican
    Section Image

  • C

    Seller Co-Listing Agent in 2018

    Christopher Cronican

    Douglas Elliman

    (509) 254-1608

    69 in this area

    104 Total Sales

    Christopher Cronican
    Section Image
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Map

Florida Palm Beach County West Palm Beach 33401 Downtown West Palm Beach

701 S Olive Ave Unit 2118, West Palm Beach, FL

Homes for Sale in West Palm Beach, FL

This home is located at 701 S Olive Ave Unit 2118, West Palm Beach, FL 33401 and is currently estimated at $1,228,834, approximately $771 per square foot. 701 S Olive Ave Unit 2118 is a home located in Palm Beach County with nearby schools including Roosevelt Elementary 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.

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