Property detail

Location Address 1500 S OCEAN BLVD 1505
Municipality BOCA RATON
Parcel Control Number 06-43-47-32-23-002-1505
Subdivision ADDISON ON THE OCEAN IN BOCA RATON COND DECL FILED 11-8-85 IN OR4704P420
Official Records Book/Page 34982 / 1042
Sale Date 04/24/2024
Legal Description ADDISON ON THE OCEAN IN BOCA RATON COND UNIT S-1505

Owner INFORMATION

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Owner(s) Mailing Address
KLASSEN KENNETH F
KLASSEN THERESA M &
KLASSEN KENNETH F TR
KLASSEN THERESA M TR
THERESA M KLASSEN ET AL TR TITL HLDRS
1500 S OCEAN BLVD APT 1505S
BOCA RATON FL 33432 8025

Sales INFORMATION

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Sales Date Price OR Book/Page Sale Type Owner
04/24/2024 $10 34982 / 01042 QUIT CLAIM KLASSEN THERESA M &
02/16/2022 $2,850,000 33353 / 00063 WARRANTY DEED KLASSEN KENNETH F &
07/01/1997 $500,000 09895 / 00133 WARRANTY DEED WASSILIAN VASKEN &
07/01/1987 $100 05372 / 01769 WARRANTY DEED
06/01/1987 $650,000 05308 / 01048 WARRANTY DEED

NOTE: Sales do not generally appear in the PAPA database until approximately 1 to 3 weeks after the closing date.
If a recent sale does not show up in this list, please allow more time for the sale record to be processed.

Exemption INFORMATION

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  • Save Our Homes (SOH) Base Year : 2023
  • Exemption Year : 2025
Applicant/Owner(s) Year Detail
KLASSEN KENNETH F & 2025 HOMESTEAD
KLASSEN KENNETH F & 2025 ADDITIONAL HOMESTEAD
KLASSEN THERESA M 2025 HOMESTEAD
KLASSEN THERESA M 2025 ADDITIONAL HOMESTEAD

Property INFORMATION

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SUBAREA AND SQUARE FOOTAGE
FOR BUILDING 1

Code Description square Footage

No Data Found.


Number of Units 1
Total Square Feet* 2792
Acres
Property Use Code 0400—CONDOMINIUM
Zoning R-5-A—RESIDENTIAL (MEDIUM) (06-BOCA RATON)

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*May indicate living area in residential properties.

Structural Element
for Building 1

Name ADDISON ON THE OCEAN IN BOCA RATON CONDO
Area 2792
Year Built 1986
No of Bedroom(s) 2
No of Bath(s) 3
No of Half Bath(s) 1
Exterior Wall 1 MSY: CB STUCCO
Air Condition DESC HTG & AC
Heat Type FORCED AIR DUCT
Exterior Wall 2 NONE
Roof Structure PRESTRESSED CONCRETE
Roof Cover MIN. ROOFING (CORR/SH.M)
Interior Wall 1 DRYWALL
Interior Wall 2 N/A
Floor Type 1 CARPETING
Floor Type 2 CERAMIC/QUARRY TILE
Stories 1

Print Building 1 Details

 

Sketch
for Building 1

Property Extra Features

No Extra Feature Available

Property Land Details

No Land Details Available

Appraisals

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Tax Year 2025 P 2024 2023 2022 2021
Improvement Value $2,040,000 $2,240,000 $2,358,000 $1,526,250 $1,260,000
Land Value $0 $0 $0 $0 $0
Total Market Value $2,040,000 $2,240,000 $2,358,000 $1,526,250 $1,260,000
Tax Year 2025 P 2024 2023 2022 2021 2020 2019 2018 2017 2016
Improvement Value $2,040,000 $2,240,000 $2,358,000 $1,526,250 $1,260,000 $1,260,000 $1,260,000 $1,295,000 $1,265,000 $1,265,000
Land Value $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Market Value $2,040,000 $2,240,000 $2,358,000 $1,526,250 $1,260,000 $1,260,000 $1,260,000 $1,295,000 $1,265,000 $1,265,000

P = Preliminary

All values are as of January 1st each year

Assessed & taxable values

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Tax Year 2025 P 2024 2023 2022 2021
Assessed Value $2,040,000 $2,240,000 $2,358,000 $1,386,000 $1,260,000
Exemption Amount $50,722 $50,000 $50,000 $0 $0
Taxable Value $1,989,278 $2,190,000 $2,308,000 $1,386,000 $1,260,000
Tax Year 2025 P 2024 2023 2022 2021 2020 2019 2018 2017 2016
Assessed Value $2,040,000 $2,240,000 $2,358,000 $1,386,000 $1,260,000 $1,260,000 $665,673 $653,261 $639,825 $626,665
Exemption Amount $50722 $50000 $50000 $0 $0 $0 $50000 $50000 $50000 $50000
Taxable Value $1,989,278 $2,190,000 $2,308,000 $1,386,000 $1,260,000 $1,260,000 $615,673 $603,261 $589,825 $576,665

Taxes

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Tax Year 2025 P 2024 2023 2022 2021
AD VALOREM $33,990 $37,416 $39,766 $25,253 $22,752
NON AD VALOREM $271 $262 $258 $255 $241
TOTAL TAX $34,261 $37,678 $40,024 $25,508 $22,993
Tax Year 2025 P 2024 2023 2022 2021 2020 2019 2018 2017 2016
AD VALOREM $33,990 $37,416 $39,766 $25,253 $22,752 $22,753 $11,448 $10,875 $10,814 $10,858
NON AD VALOREM $271 $262 $258 $255 $241 $240 $242 $233 $223 $202
TOTAL TAX $34,261 $37,678 $40,024 $25,508 $22,993 $22,993 $11,690 $11,108 $11,037 $11,060

BUYERS TAKE NOTE: Taxes will change and often increase substantially when a property sells. The seller’s exemption benefits will GO AWAY the year after they sell and this may result in higher taxes for a buyer. Please use the Property Tax Calculator to get a better annual tax estimate if you are purchasing this property.