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
Owner(s) Mailing Address
ARAKELIAN HOVSEP K &
ARAKELIAN SHANT
 5505 N OCEAN BLVD APT 2-202
BOYNTON BEACH FL 33435 7098
Sales Information
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
Exemption Information
Applicant/Owner(s) Year Detail
ARAKELIAN HOVSEP K & 2025 ADDITIONAL HOMESTEAD
ARAKELIAN HOVSEP K & 2025 HOMESTEAD
ARAKELIAN HOVSEP K & 2025 QUALIFIED EXEMPTION
Property Information
Number of Units : 1
*Total Square Feet : 626
Acres :
Property Use Code : 0510—COOPERATIVE
Zoning : RMM—MEDIUM DENSITY MULTI-FAMILY (46-OCEAN RIDGE)
Building Details

Structural Details

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
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
Sketch for Building 1
Building 1 Layout

Property Extra Feature

Description Year Built Units
Finished Encl. Porch 1980 45

Property Land Details

Land Line # Description Zoning Acres
No Land Details Available
Appraisals
Tax Year 2025 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
Assessed and Taxable Values
Tax Year 2025 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
Taxes
Tax Year 2025 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
Dorothy Jacks, CFA, AAS  PALM BEACH COUNTY PROPERTY APPRAISER   www.pbcpao.gov