NOT LISTED FOR SALE

Palm Beach, FL 33480

Estimated Value: $3,729,000 - $4,217,000

2 Beds
2 Baths
1,608 Sq Ft
1973 Built

Last Sold February 22, 2022

Last sale price $4,060,000 $2,525 Per Sq Ft

Current estimated payment $25,290/month

7 Days on Market

Highlights

  • Marble Flooring
  • Community Pool
  • 1 Car Attached Garage
  • Palm Beach Public School Rated A-
  • Balcony
  • Eat-In Kitchen

About This Home

As of February 2022

Located in the most premier location steps from the ocean & Worth Avenue, this 1740 SQFT completely renovated 2BD/2BA apartment is truly stunning! With Southeast exposure, sunlight and views of the ocean are flooding in from every room. Other highlights include: laundry in unit, exceptional terrace space, prime covered parking space, new boutique lobby, lots of guest parking spots, and great pool area. Excellent turnkey opportunity!

Last Agent to Sell the Property

Dana Koch

The Corcoran Group License #3027862 Listed on: 01/17/2022

The Corcoran Group

Last Buyer's Agent

Laurie Barfield

The Keyes Company - Stuart License #3229951

The Keyes Company - Stuart

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,944

Year Built

  • Built in 1973

Parking

  • 1 Car Attached Garage

Interior Spaces

  • 1,608 Sq Ft Home
  • 3-Story Property
  • Combination Dining and Living Room
  • Marble Flooring
  • Home Security System

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Closet Cabinetry
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Open Patio

Additional Features

  • East Facing Home
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 50434326070002050

Community Details

Overview

  • Association fees include common areas, cable TV, insurance, ground maintenance, pest control, sewer, water
  • 12 Units
  • Chalet By The Ocean Condo Subdivision

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,944

Year Built

Built in 1973

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Ocean Blvd to Peruvian Ave
  • Year Built: 1973
  • DelayedMarketingYN: No
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Closet Cabinetry, Eat-in Kitchen, Living/Dining Room, None
  • Main Level Bedrooms: 2
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Free-Standing Freezer, Disposal, Ice Maker, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Marble, Other
  • Living Area: 1608.0
  • Stories: 3

Exterior Features

  • Exterior Features: Balcony, Outdoor Living Area
  • Pool Features: Association
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: Special Assessment
  • Construction Type: Concrete
  • Direction Faces: East
  • Patio And Porch Features: Open, Balcony
  • Property Condition: Resale
  • Roof: Other

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Garage Yn: Yes
  • Parking Features: Attached, Garage

Utilities

  • Laundry Features: Inside
  • Security: Security System
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Electric: 3 Phase
  • Utilities: Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 933.33
  • Pets Allowed: No
  • Senior Community: No
  • Amenities: Pool
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Common Areas, Cable TV, Insurance, Maintenance Grounds, Pest Control, Sewer, Water

Lot Info

  • Parcel #: 50434326070002050
  • Mobile Dim Units: Feet
  • Zoning: R-C(ci

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 11944.0

Multi Family

  • Number Of Units In Community: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2022
Closed on
Feb 17, 2022
Sold by
William Lee Bell Jr Revocable Trust
Bought by
Mitchell Meredith
Seller's Agent
Dana Koch
The Corcoran Group
Buyer's Agent
Laurie Barfield
The Keyes Company - Stuart
List Price
$3,995,000
Sold Price
$4,060,000
Premium/Discount to List
$65,000
1.63%
Current Estimated Value
$4,075,774

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,774
Avg. Annual Appreciation
0.10%
Original Mortgage
$2,428,400
Outstanding Balance
$2,201,421
Interest Rate
2.25%
Mortgage Type
New Conventional
Estimated Equity
$1,874,353

Purchase Details

Listed on
Dec 26, 2017
Closed on
Apr 11, 2018
Sold by
Mahler Wolf Peter and Mahler W
Bought by
Bell William Lee and The William Lee Bell Jr Revoca
Seller's Agent
W.PETER MAHLER
WILSHIRE INTL. REALTY
Buyer's Agent
NON MEMBER
NON MEMBER FIRM
List Price
$1,395,000
Sold Price
$1,395,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.79%

Purchase Details

Closed on
Jul 17, 2003
Sold by
Mahler Wolf Peter
Bought by
Mahler Wolf Peter and Wolf Peter Mahler Revocable Trust

Purchase Details

Closed on
Oct 30, 2000
Sold by
Roswitha Kersten
Bought by
Mahler Wolf P
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Mitchell Meredith $4,060,000 Rabideau Klein
Bell William Lee $1,395,000 Premier Title Co Ltd
Mahler Wolf Peter -- --
Mahler Wolf P $259,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mitchell Meredith $2,428,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/22/2022 02/22/22 Sold $4,060,000 +1.6% $2,525 / Sq Ft
01/23/2022 01/23/22 Pending -- -- --
01/17/2022 01/17/22 For Sale $3,995,000 +186.4% $2,484 / Sq Ft
04/11/2018 04/11/18 Sold $1,395,000 0.0% $872 / Sq Ft View Prior Sale
03/09/2018 03/09/18 Pending -- -- --
12/26/2017 12/26/17 For Sale $1,395,000 -- $872 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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
2025 $50,257 $3,350,000 -- --
2024 $50,257 $3,350,000 -- --
2023 $52,200 $3,450,000 $0 $3,450,000
2022 $11,745 $771,400 $0 $0
2021 $11,945 $748,932 $0 $0
2020 $11,960 $738,592 $0 $0
2019 $11,928 $721,986 $0 $0
2018 $4,813 $308,695 $0 $0
2017 $4,798 $302,346 $0 $0
2016 $4,507 $296,127 $0 $0
2015 $4,657 $294,069 $0 $0
2014 $4,676 $291,735 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dana Koch

    Seller's Agent in 2022

    Dana Koch

    The Corcoran Group

    (561) 379-7718

    209 Total Sales

    Dana Koch
    Section Image

  • L

    Buyer's Agent in 2022

    Laurie Barfield

    The Keyes Company - Stuart

    Section Image

  • W

    Seller's Agent in 2018

    W.PETER MAHLER

    WILSHIRE INTL. REALTY

  • N

    Buyer's Agent in 2018

    NON MEMBER

    NON MEMBER FIRM

See All Agents

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10770543

BeachesMLS (Greater Fort Lauderdale)

APN: 50-43-43-26-07-000-2050

Florida Palm Beach County Palm Beach

33480

Not Listed for Sale

Condos

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