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253 Oleander Avenue

253 Oleander Avenue, Palm Beach, FL 33480
Commercial in Ocean Park
Sold Sep 13, 2021
$3,250,000
$2,000,000 by Banesco Usa
Mortgage Due Mar 10, 2030
Sold Jun 19, 2013
$1,150,000
$2,160,000 by Bank Of America Na
Mortgage
253 Oleander Avenue in Palm Beach, FL was first built in 1926 and is 98 years old. Although, the building on the property was most recently renovated and altered in 1980. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a quadplex style. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 8 are bedrooms. In terms of bathrooms, there are a total of 8 full bathrooms. There are 8 partial bathrooms. 253 Oleander Avenue has 5,371 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 750 ft and the linear feet between the front and back of the lot is 50. In total, the area measurement of the land is 4,199 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The home has a flat style roof made of asphalt and ply sheets in a built-up roof style. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of stucco. While the interior walls are made of plaster. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with a packaged air conditioning unit. As for heating, the home is utilizing no heating system and being fueled with nothing. The property was last sold in Sep 10, 2021 for $3,250,000. That's $543.48 per sqft. Prior to that sales transaction, the property was also sold in Jun 19, 2013 for $1,150,000. 253 Oleander Avenue was last assessed in 2022. The total value of the property was assessed at $2,256,234. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $37,018. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1980
  • Building Count: 1
  • Bedroom Count: 8
  • Bathroom Count: 8
  • Full Bathrooms: 8
  • Partial Bathrooms: 8
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Quadplex
  • Exterior Walls Type: Stucco
  • Interior Walls Type: Plaster
  • Roof Shape Type: Flat
  • Roof Cover Type: Built-up
  • Floor Count: 2
  • Living Units: 1
  • Business/Commerical Units Count: 8
  • Floor Cover: Wood
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,199
  • Lot Size Depth Feet: 50
  • Lot Size Frontage Feet: 750
  • Total Building Area: 5,980
  • Gross Building Area: 5,980
  • Building Area: 5,371
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: None
  • Heated Square Feet: 5,371
  • Heating Fuel Type: None

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ERBS ADD
  • Land Acres: 0.096
  • Standard Land Use Code: Quadruplex (4 units, any combination)
  • Legal Description 1: DAISY E ERBS ADD LTS 6 TO 8 INC

Ownership

  • Current Owner : BOLS JOHN D
  • Current Owner 2: THE JOHN D BOLS SEPARATE PROPE
  • Previous Owner : CALLE GATO OCHO LLC
  • Owner Before Previous Owner: TALBOT SHARON P
  • Ownership Rights Codes: Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Palm Beach County School District
  • Census Tract: 003512

Zoning

  • Zoning: R-C

Geography

  • Assessors Map Reference: 131
  • Parcel: 50-43-43-15-05-000-0060
  • Lot: 6-8
  • Meridian: SEC 15 TWN 43S RNG 43E
  • Municipality: PALM BEACH
  • Latitude: 26.7216
  • Longitude: -80.04

    Address

  • Full Address: 253 Oleander Ave
  • Address - House Number: 253
  • Address - Street Name: Oleander
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Palm Beach
  • Carrier Code: C067
  • 4-Digit Zip Code: 3863
  • Zip Code: 33480

Valuation

    Tax

  • Total Area: 5,386
  • Tax Year: 2022
  • Tax Amount: $37,018
  • Tax Rate Code Area: 50411

    Appraisal Valuation

  • Standard Deviation: 0.249
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 64
  • Final Value: 4,178,406
  • High Value: 5,218,840
  • Low Value: 3,137,973

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,000,000
  • First Open Lien Mortgage Lender: BANESCO USA
  • First Open Lien Mortgage Recording Date: Mar 14, 2023
  • First Open Lien Mortgage Loan Amount: $2,000,000
  • First Open Lien Mortgage Term: 83
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Mar 10, 2030

    Market Valuation

  • Market Total Value: $2,256,234
  • Market Land Value: $1,672,000
  • Market Improvement Value: $584,234

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $2,256,234

    Sales

  • Current Sale Contract Date: Sep 10, 2021
  • Current Sale Recording Date: Sep 13, 2021
  • Current Sale Transaction ID: 11857641481
  • Current Sale Price: $3,250,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20210422061
  • Previous Sale Recording Date: Jun 19, 2013
  • Previous Sale Contract Date: Jun 19, 2013
  • Previous Sale Amount: $1,150,000
  • Previous Sale Document Type: Deed

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA NA
  • Previous Mortgage Transaction Date: Jun 19, 2013
  • Previous Mortgage Loan Amount: $2,160,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage

About Ocean Park



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Frequently Asked Questions

What neighborhood is 253 Oleander Avenue located in?
The 253 Oleander Avenue is a commercial located in the neighborhood of Ocean Park in Ocean Park, Palm Beach.
What is the average sales price for listings in 253 Oleander Avenue?
The average sales price for units in 253 Oleander Avenue is $0 currently.

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