Property detail

Location Address 2505 S OCEAN BLVD 6050
Municipality PALM BEACH
Parcel Control Number 50-43-44-23-01-000-6050
Subdivision PRESIDENT OF PALM BEACH COND DECL IN
Official Records Book/Page 33223 / 769
Sale Date 01/10/2022
Legal Description PRESIDENT OF PALM BEACH COND UNIT 605

Owner INFORMATION

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Owner(s) Mailing Address
MARGOLIES EILEEN &
MARGOLIES MATTHEW
75 SEMINARY FARM RD
LUTHERVILLE TIMONIUM MD 21093 4587

Sales INFORMATION

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Sales Date Price OR Book/Page Sale Type Owner
01/10/2022 $625,000 33223 / 00769 WARRANTY DEED MARGOLIES EILEEN &
01/07/2021 $10 32105 / 00626 WARRANTY DEED HARDACRE FERGUS JEAN M
04/14/2005 $320,000 18493 / 01778 WARRANTY DEED FERGUS COLIN &
04/01/1993 $135,000 07705 / 00124 WARRANTY DEED RIESENFELDER GERT & BIRGITT
01/01/1985 $100 04449 / 01383 QUIT CLAIM
01/01/1979 $70,000 03017 / 00897 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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No Exemption Information Available.

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* 1116
Acres
Property Use Code 0400—CONDOMINIUM
Zoning R-C—MEDIUM DENSITY RESIDENTIAL (50-PALM BEACH)

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*May indicate living area in residential properties.

Structural Element
for Building 1

Name PRESIDENT OF PALM BEACH CONDO
Area 1116
Year Built 1970
No of Bedroom(s) 2
No of Bath(s) 2
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 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 $517,000 $547,000 $497,000 $395,460 $278,000
Land Value $0 $0 $0 $0 $0
Total Market Value $517,000 $547,000 $497,000 $395,460 $278,000
Tax Year 2025 P 2024 2023 2022 2021 2020 2019 2018 2017 2016
Improvement Value $517,000 $547,000 $497,000 $395,460 $278,000 $268,000 $258,000 $238,000 $238,000 $203,000
Land Value $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Market Value $517,000 $547,000 $497,000 $395,460 $278,000 $268,000 $258,000 $238,000 $238,000 $203,000

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 $517,000 $546,700 $497,000 $395,460 $271,752
Exemption Amount $0 $0 $0 $0 $75,000
Taxable Value $517,000 $546,700 $497,000 $395,460 $196,752
Tax Year 2025 P 2024 2023 2022 2021 2020 2019 2018 2017 2016
Assessed Value $517,000 $546,700 $497,000 $395,460 $271,752 $268,000 $258,000 $238,000 $223,300 $203,000
Exemption Amount $0 $0 $0 $0 $75000 $75000 $0 $0 $0 $0
Taxable Value $517,000 $546,700 $497,000 $395,460 $196,752 $193,000 $258,000 $238,000 $223,300 $203,000

Taxes

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Tax Year 2025 P 2024 2023 2022 2021
AD VALOREM $7,688 $8,132 $7,461 $6,128 $3,649
NON AD VALOREM $381 $372 $343 $340 $362
TOTAL TAX $8,069 $8,503 $7,805 $6,468 $4,012
Tax Year 2025 P 2024 2023 2022 2021 2020 2019 2018 2017 2016
AD VALOREM $7,688 $8,132 $7,461 $6,128 $3,649 $3,651 $4,329 $3,879 $3,819 $3,492
NON AD VALOREM $381 $372 $343 $340 $362 $358 $359 $363 $357 $97
TOTAL TAX $8,069 $8,503 $7,805 $6,468 $4,012 $4,008 $4,688 $4,241 $4,176 $3,589

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.