NOT LISTED FOR SALE

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

Downtown West Palm Beach Neighborhood

Estimated Value: $1,130,770 - $1,351,000

2 Beds
2.5 Baths
1,593 Sq Ft
1 Acres

Last Sold September 21, 2018

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

Est. 72% increase in value since last sale

Current estimated payment $8,450/month

Highlights

  • Doorman
  • Fitness Center
  • Clubhouse
  • Ocean View
  • Gated with Attendant
  • 3-minute walk to Trinity Park

About This Home

As of November 2020

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.

Last Agent to Rent the Property

ELIZABETH (LISA) SABOL-DONO

Compass Florida LLC (PB) License #3187386 Listed on: 07/24/2020

Compass Florida LLC (PB)

Last Renter's Agent

ELIZABETH (LISA) SABOL-DONO

Compass Florida LLC (PB) License #3187386 Listed on: 07/24/2020

Compass Florida LLC (PB)

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $21,095

Year Built

  • Built in 2008

Lot Details

  • Sprinkler System

Parking

  • 1 Car Garage
  • Guest Parking
  • Assigned Parking

Property Views

  • Ocean
  • Intracoastal

Interior Spaces

  • 1,593 Sq Ft Home
  • Custom Mirrors
  • High Ceiling
  • Entrance Foyer

Kitchen

  • Built-In Oven
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Closet Cabinetry
  • Walk-In Closet
  • Roman Tub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Intercom

Outdoor Features

  • Balcony
  • Open Patio

Utilities

  • Central Heating and Cooling System
  • Municipal Trash

Listing and Financial Details

  • Property Available on 7/31/20
  • Assessor Parcel Number 74434322410002118

Community Details

Overview

  • 467 Units
  • Two City Plaza Condo Subdivision

Amenities

  • Doorman
  • Sauna
  • Clubhouse
  • Business Center
  • Bike Room

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • Gated with Attendant
  • Resident Manager or Management On Site
  • Fire and Smoke Detector
  • Fire Sprinkler System

Condo Details

Home Type

Condominium

Est. Annual Taxes

$21,095

Year Built

Built in 2008

Lot Details

0

Parking

1

Rental Info

  • Available Date: 2020-07-31

Listing Details

  • Prop. Type: Residential Lease
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Just North of Okeechobee Blvd on Olive Ave
  • Year Built: 2008
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Closet Cabinetry, Entrance Foyer, Elevator, Garden Tub/Roman Tub, High Ceilings, Custom Mirrors, Walk-In Closet(s), Intercom
  • Furnished: Unfurnished
  • Spa Features: Community
  • Appliances: Built-In Oven, Dryer, Dishwasher, Disposal, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Marble, Wood
  • Living Area: 1593.0
  • Dining Room Type: Laundry, Storage Room

Exterior Features

  • Exterior Features: Balcony, Patio
  • View: Intercoastal, Ocean, Water
  • Lot Features: Sprinklers Automatic
  • Pool Features: None, Association, Community
  • View: Yes
  • Waterfront: No
  • Patio And Porch Features: Balcony, Open, Patio

Garage/Parking

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

Utilities

  • Other Equipment: Intercom
  • Security: Security System, Closed Circuit Camera(s), Door Man, Gated with Guard, Fire Sprinkler System, Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Non-Gated, Property Manager On-Site, Pool, Sauna, Sidewalks
  • Senior Community: No
  • Amenities: Bike Storage, Business Center, Clubhouse, Fitness Center, Management, Pool, Sauna, Spa/Hot Tub, Trash
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 74434322410002118

Multi Family

  • Number Of Units In Community: 467

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
$1,211,804

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
8.41%

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
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
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
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 $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

    Landlord's Agent in 2020

    ELIZABETH (LISA) SABOL-DONO

    Compass Florida LLC (PB)

    (305) 851-2820

    4 in this area

    42 Total Sales

    Section Image

  • L

    Seller's Agent in 2018

    Lori Cronican

    Douglas Elliman

    (561) 459-2805

    85 in this area

    142 Total Sales

    Section Image

  • C

    Seller Co-Listing Agent in 2018

    Christopher Cronican

    Douglas Elliman

    (509) 254-1608

    70 in this area

    106 Total Sales

    Section Image
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Map

Source: BeachesMLS

MLS Number: R10641518

BeachesMLS

APN: 74-43-43-22-41-000-2118

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

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

This home is located at 701 S Olive Ave Unit 2118, West Palm Beach, FL 33401 since 24 July 2020 and is currently priced at $1,217,943. This property was built in 2008. 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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