701 S Olive Ave, #421, West Palm Beach, FL, 33401 | $1,099,000

Condo in the heart of West Palm Beach with 5 star amenities. Walking distance to some of the finest dining and entertainment. One of the few condos in the building with Soaring 14 foot ceilings. The primary bedroom has custom wardrobes and built ins. Unit has a Den with a Custom Built in Murphy bed that fits the needs of a second guest. Unit has luxury upgrades and recent renovations, is spacious and allows a ton of natural light. Also allow yourself a treat with both Ocean and Intracoastal breeze from the spacious two terraces. Rooftop is stunning with many amenities from Gym and Saunas to Grills and Major Pool. Recently renovated kitchen and new appliances. One premier parking space in the garage that are of growing value included in price. This condo is a dream come true!

Features

  • Heating: Central
  • Cooling: Central Air,Ceiling Fan(s)
  • Levels: 21
  • Amenities: Fitness Center,Pool,Sauna,Spa/Hot Tub
  • Bedrooms: 1
  • Baths: 1 full / 1 half
  • Complex: TWO CITY PLAZA CONDO
  • Year Built: 2008
  • Common Charge: $3,600 Quarterly
  • Approx Sq. Feet: 1,215
  • Est. Taxes: $5,575
  • View: None
  • Pets Allowed: Yes
  • Pet Policy: Conditional,Yes
  • Appliances: Dryer,Dishwasher,Refrigerator,Washer
  • MLS#: A11595702
  • Days on Market: 80 days
  • Website: https://www.raveis.com
    /prop/A11595702/701soliveave_westpalmbeach_fl?source=qrflyer
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Listing courtesy of Florida Communities Realty LLC   Phone: 561-262-2828

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

701 S Olive Ave, #421, West Palm Beach, FL, 33401

$1,099,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $879,200 $879,200 $879,200
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.750% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.282% 6.864% 6.810%
Monthly Tax Payment $465 $465 $465
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,630 $5,702 $7,719
Total Monthly Payment $6,220 $6,292 $8,309

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.