701 S Olive Ave Unit 516 West Palm Beach, FL 33401
Downtown West Palm Beach NeighborhoodEstimated Value: $1,019,000 - $1,093,000
2
Beds
2
Baths
1,476
Sq Ft
$719/Sq Ft
Est. Value
Highlights
- Doorman
- Fitness Center
- Clubhouse
- Property fronts an intracoastal waterway
- Heated Pool and Spa
- 3-minute walk to Trinity Park
About This Home
As of March 2024Enjoy Intracoastal views and city lights from the terrace of this glamorous 2 bedroom, 2 bath plus 3rd bonus room that can function as a den/office. Soaring 14' ceilings, brand new ''top of the line''appliances and abundant storage throughout. Conveniently located on the ''club floor'' featuring a newly designed fitness center, party/card room and private theater. Nestled in a prime location this full service building is complete with an expansive rooftop pool deck, outdoor kitchen, and breathtaking views to the Ocean and all of Palm Beach Island. Newly designed upper hallways, assigned garage parking, storage room and pets permitted with no weight restrictions. Nearby to an array of dining, shopping, cultural activities and minutes to PBI Airport.
Last Agent to Sell the Property
Sotheby's International Realty, Inc. License #3229026 Listed on: 09/01/2023
Property Details
Home Type
- Condo-Op
Est. Annual Taxes
- $9,327
Year Built
- Built in 2008
Lot Details
- Property fronts an intracoastal waterway
- North Facing Home
HOA Fees
- $1,226 Monthly HOA Fees
Parking
- 1 Car Garage
Interior Spaces
- 1,476 Sq Ft Home
- Dining Area
- Library
- Storage
- Home Gym
- Wood Flooring
Kitchen
- Single Oven
- Electric Range
- Microwave
- Freezer
- Ice Maker
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Laundry
- Laundry in unit
- Dryer
- Washer
Home Security
- High Impact Windows
- High Impact Door
- Fire and Smoke Detector
Pool
- Heated Pool and Spa
- Outdoor Pool
Utilities
- Central Heating and Cooling System
- Cable TV Available
Additional Features
- Non-Toxic Pest Control
- Balcony
- Property is near a clubhouse
Listing and Financial Details
- Homestead Exemption
- Assessor Parcel Number 74434322410000516
Community Details
Overview
- Association fees include insurance, cable TV, common area, maintenance exterior, trash, pest control, sewer, water
- 226 Units
- Two City Plaza Condo Community
- On-Site Maintenance
- 21-Story Property
Amenities
- Doorman
- Common Area
- Clubhouse
- Lobby
- Elevator
Recreation
- Fitness Center
Pet Policy
- Pets Allowed
- Pet Restriction
Security
- Security Guard
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 23, 2024
Sold by
Tylander Georgia M and Tylander William H
Bought by
Georgia M Tylander Revocable Trust and Tylander
Current Estimated Value
Purchase Details
Listed on
Sep 1, 2023
Closed on
Mar 19, 2024
Sold by
Sino Alex and Sino Family Living Trust
Bought by
Tylander William H and Tylander Georgia M
Seller's Agent
Fern Fodiman
Sotheby's International Realty, Inc.
Buyer's Agent
Catharine Strickler
Brown Harris Stevens of Palm Beach 5225
List Price
$1,249,000
Sold Price
$1,100,000
Premium/Discount to List
-$149,000
-11.93%
Views
98
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.80%
Purchase Details
Listed on
Feb 17, 2021
Closed on
Apr 29, 2021
Sold by
Salomon Lisa
Bought by
Sino Alex and Sino Marina
Seller's Agent
Fern Fodiman
Sotheby's International Realty, Inc.
Buyer's Agent
Fern Fodiman
Sotheby's International Realty, Inc.
List Price
$550,000
Sold Price
$550,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.10%
Purchase Details
Closed on
Oct 19, 2012
Sold by
Kolter City Plaza Ii Inc
Bought by
Salomon Lisa
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
3.53%
Mortgage Type
New Conventional
Similar Homes in West Palm Beach, FL
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Georgia M Tylander Revocable Trust | -- | None Listed On Document | |
| Tylander William H | $1,100,000 | None Listed On Document | |
| Sino Alex | $510,300 | Attorney | |
| Salomon Lisa | $409,000 | K Title Company Llc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Salomon Lisa | $250,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/19/2024 03/19/24 | Sold | $1,100,000 | -11.9% | $745 / Sq Ft |
| 02/22/2024 02/22/24 | Pending | -- | -- | -- |
| 09/01/2023 09/01/23 | For Sale | $1,249,000 | +127.1% | $846 / Sq Ft |
| 04/30/2021 04/30/21 | Sold | $550,000 | 0.0% | $373 / Sq Ft |
| 04/30/2021 04/30/21 | Sold | $550,000 | 0.0% | $373 / Sq Ft |
| 03/31/2021 03/31/21 | Pending | -- | -- | -- |
| 03/08/2021 03/08/21 | Pending | -- | -- | -- |
| 02/17/2021 02/17/21 | For Sale | $550,000 | -2.7% | $373 / Sq Ft |
| 11/26/2019 11/26/19 | For Sale | $565,000 | -- | $383 / Sq Ft |
Source: Palm Beach Board of REALTORS®
Tax History Compared to Growth
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 | $18,738 | $865,000 | -- | -- |
| 2023 | $9,426 | $470,045 | $0 | $0 |
| 2022 | $9,327 | $456,354 | $0 | $0 |
| 2021 | $8,390 | $402,654 | $0 | $0 |
| 2020 | $8,343 | $397,095 | $0 | $0 |
| 2019 | $8,553 | $388,167 | $0 | $0 |
| 2018 | $7,803 | $380,929 | $0 | $0 |
| 2017 | $7,706 | $373,094 | $0 | $0 |
| 2016 | $7,687 | $365,420 | $0 | $0 |
| 2015 | $7,833 | $362,880 | $0 | $0 |
| 2014 | $7,839 | $360,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Fern Fodiman
Seller's Agent in 2024
Fern Fodiman
Sotheby's International Realty, Inc.
(917) 400-5624
9 in this area
80 Total Sales
-
Catharine Strickler
C
Buyer's Agent in 2024
Catharine Strickler
Brown Harris Stevens of Palm Beach 5225
(502) 767-2522
1 in this area
4 Total Sales
Map
Source: Palm Beach Board of REALTORS®
MLS Number: 23-1340
APN: 74-43-43-22-41-000-0516
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