Property detail

Location Address 5505 N OCEAN BLVD 3-202
Municipality OCEAN RIDGE
Parcel Control Number 46-43-45-34-38-010-2020
Subdivision COLONIAL RIDGE CORP 5505 N OCEAN BLVD OCEAN RIDGE FL
Official Records Book/Page 26423 / 348
Sale Date 10/24/2013
Legal Description COLONIAL RIDGE CORP WILLIAMSBURG APT 202

Owner INFORMATION

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Owner(s) Mailing Address
ARAKELIAN HOVSEP K &
ARAKELIAN SHANT
5505 N OCEAN BLVD APT 2-202
BOYNTON BEACH FL 33435 7098

Sales INFORMATION

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Sales Date Price OR Book/Page Sale Type Owner
10/24/2013 $70,000 26423 / 00348 PRIOR LEASE-COOP ARAKELIAN HOVSEP K &
11/19/2009 $70,000 23617 / 01928 PRIOR LEASE-COOP ABRASZEWSKI ANDRZEJ
07/01/1988 $43,300 05778 / 01360 PRIOR LEASE-COOP

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 : 2014
  • Exemption Year : 2025
Applicant/Owner(s) Year Detail
ARAKELIAN HOVSEP K & 2025 ADDITIONAL HOMESTEAD
ARAKELIAN HOVSEP K & 2025 HOMESTEAD
ARAKELIAN HOVSEP K & 2025 QUALIFIED EXEMPTION

Property INFORMATION

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SUBAREA AND SQUARE FOOTAGE
FOR BUILDING 1

Code Description square Footage
BAS Base Area 639
FEP Finished Enclosed Porch 45
Total Square Footage 684
Area Under Air 639

Number of Units 1
Total Square Feet* 626
Acres
Property Use Code 0510—COOPERATIVE
Zoning RMM—MEDIUM DENSITY MULTI-FAMILY (46-OCEAN RIDGE)

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*May indicate living area in residential properties.

Structural Element
for Building 1

Name COLONIAL RIDGE CORP
Area 626
Year Built 1969
No of Bedroom(s) 1
No of Bath(s) 1
No of Half Bath(s)
Exterior Wall 1 MSY: CB STUCCO
Air Condition DESC HTG & AC
Heat Type FORCED AIR DUCT
Exterior Wall 2 NONE
Roof Structure WOOD TRUSS
Roof Cover CONCRETE TILE
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

Description Year Built Units
Finished Encl. Porch 1980 45

Property Land Details

No Land Details Available

Appraisals

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Tax Year 2025 P 2024 2023 2022 2021
Improvement Value $163,358 $155,316 $147,320 $87,920 $81,325
Land Value $0 $0 $0 $0 $0
Total Market Value $163,358 $155,316 $147,320 $87,920 $81,325
Tax Year 2025 P 2024 2023 2022 2021 2020 2019 2018 2017 2016
Improvement Value $163,358 $155,316 $147,320 $87,920 $81,325 $93,330 $93,630 $113,630 $125,000 $76,000
Land Value $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Market Value $163,358 $155,316 $147,320 $87,920 $81,325 $93,330 $93,630 $113,630 $125,000 $76,000

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 $76,207 $74,059 $71,902 $69,808 $67,775
Exemption Amount $55,722 $54,059 $51,902 $45,308 $43,275
Taxable Value $20,485 $20,000 $20,000 $24,500 $24,500
Tax Year 2025 P 2024 2023 2022 2021 2020 2019 2018 2017 2016
Assessed Value $76,207 $74,059 $71,902 $69,808 $67,775 $66,839 $65,336 $64,118 $62,182 $60,903
Exemption Amount $55722 $54059 $51902 $45308 $43275 $42339 $40836 $39618 $37682 $36403
Taxable Value $20,485 $20,000 $20,000 $24,500 $24,500 $24,500 $24,500 $24,500 $24,500 $24,500

Taxes

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Tax Year 2025 P 2024 2023 2022 2021
AD VALOREM $536 $516 $509 $592 $598
NON AD VALOREM $116 $107 $103 $100 $96
TOTAL TAX $652 $623 $612 $692 $694
Tax Year 2025 P 2024 2023 2022 2021 2020 2019 2018 2017 2016
AD VALOREM $536 $516 $509 $592 $598 $594 $591 $561 $555 $564
NON AD VALOREM $116 $107 $103 $100 $96 $95 $97 $98 $98 $97
TOTAL TAX $652 $623 $612 $692 $694 $689 $688 $659 $653 $661

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.