Seller's Agent in 2021
Christian Fautz
Realty One Group MVP
(917) 763-6824
1 in this area
62 Total Sales
1011 3rd St Unit 1-4 Fort Myers Beach, FL 33931
Estimated Value: $791,000 - $1,438,000
5
Beds
4
Baths
1,684
Sq Ft
$647/Sq Ft
Est. Value
Highlights
- Deck
- Furnished
- Cooling System Mounted In Outer Wall Opening
- Fort Myers Beach Elementary School Rated A-
- Jalousie or louvered window
- Patio
About This Home
As of August 2021Great Income Producing Turnkey 4-PLEX with NIGHTLY rentals that is a rare find on Fort Myers Beach. $100K+ Annual Revenue Projected! Professional management in place. Brand new metal roof in 2020, gutters. Entire property has been upgraded inside and out. Interior recently remodeled with fresh paint, new furnishings, vinyl planking flooring on the 1st floor units. This means lower capital expenditures and maintenance for the new owner. Guests can walk to the Sugar sand beach, Times Square, the pier, restaurants, nightlife, shopping – everything that makes vacationing in Ft Myers Beach Perfect. Nightly QUADRAPLEX properties are in short supply and vacation rental demand is soaring. This location is near the planned Margaritaville Resort which offers both an upside to increase the rental income and value appreciation. Great opportunity to add to your rental portfolio.
Last Agent to Sell the Property
Realty One Group MVP License #258026227 Listed on: 05/03/2021
Last Buyer's Agent
Laura Vance PA
LPT Realty, LLC License #3360812
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,564
Year Built
- Built in 1972
Lot Details
- 3,202 Sq Ft Lot
- Lot Dimensions are 39 x 79 x 39 x 80
- Rectangular Lot
Home Design
- Duplex
- Wood Frame Construction
- Metal Roof
- Aluminum Siding
Interior Spaces
- 1,684 Sq Ft Home
- Furnished
- Ceiling Fan
- Jalousie or louvered window
- Sliding Windows
Flooring
- Tile
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Full Bathrooms
Outdoor Features
- Deck
- Patio
- Outdoor Storage
Utilities
- Cooling System Mounted In Outer Wall Opening
- No Heating
Listing and Financial Details
- Tenant pays for janitorial service
- Legal Lot and Block 6 / 2
- Assessor Parcel Number 24-46-23-W3-00202.0060
Community Details
Overview
- Business Center Subdivision
Amenities
- Community Barbecue Grill
- Picnic Area
- Laundry Facilities
Pet Policy
- Pets Allowed
Building Details
- Operating Expense $40,000
- Net Operating Income $68,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 3, 2021
Closed on
Aug 6, 2021
Sold by
Ten Eleven Third Street Llc
Bought by
Merschman I Llc
Seller's Agent
Christian Fautz
Realty One Group MVP
Buyer's Agent
Laura Vance PA
LPT Realty, LLC
List Price
$1,195,000
Sold Price
$1,050,000
Premium/Discount to List
-$145,000
-12.13%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,365
Avg. Annual Appreciation
0.89%
Original Mortgage
$784,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Oct 4, 2019
Closed on
Aug 4, 2020
Sold by
Southern Hospitality Waterfront Vacation
Bought by
Ten Eleven Third Street Llc
Seller's Agent
Alex King
Premiere Plus Realty Company
Buyer's Agent
Thomas Renard
Premiere Plus Realty Company
List Price
$859,000
Sold Price
$675,000
Premium/Discount to List
-$184,000
-21.42%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
54.88%
Original Mortgage
$506,250
Interest Rate
3.1%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Aug 14, 2018
Sold by
Nappo Joseph and Nappo Christine
Bought by
Southern Hospitality Waterfront Vacaton
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Jun 25, 2004
Sold by
Cmz Investments Llc
Bought by
Nappo Joseph and Nappo Christine
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
6.25%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 16, 2002
Sold by
Bergin John J and Bergin Theresa
Bought by
C M Z Investments L L C
Purchase Details
Closed on
Jan 25, 2001
Sold by
Dibiasi Valerie
Bought by
Bergin John J and Bergin Theresa
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
7.44%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 17, 1998
Sold by
Young Marjorie
Bought by
Greves Kenneth J and Greves Carolyn Sue
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.14%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Merschman I Llc | $1,050,000 | Wilkinson Title Agency Inc | |
| Ten Eleven Third Street Llc | $675,000 | Sunset Coast Escrow & Ttl Ll | |
| Southern Hospitality Waterfront Vacaton | $480,000 | Attorney | |
| Nappo Joseph | $335,000 | -- | |
| C M Z Investments L L C | $290,000 | -- | |
| Bergin John J | -- | -- | |
| Bergin John J | $257,500 | -- | |
| Greves Kenneth J | $175,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Merschman I Llc | $784,000 | |
| Previous Owner | Ten Eleven Third Street Llc | $506,250 | |
| Previous Owner | Southern Hospitality Waterfront Vacaton | $360,000 | |
| Previous Owner | Nappo Joseph | $268,000 | |
| Previous Owner | Bergin John J | $210,000 | |
| Previous Owner | Greves Kenneth J | $140,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/09/2021 08/09/21 | Sold | $1,050,000 | -12.1% | $624 / Sq Ft | |
| 07/10/2021 07/10/21 | Pending | -- | -- | -- | |
| 05/03/2021 05/03/21 | For Sale | $1,195,000 | +77.0% | $710 / Sq Ft | |
| 08/04/2020 08/04/20 | Sold | $675,000 | -11.1% | -- | View Prior Sale |
| 05/27/2020 05/27/20 | Pending | -- | -- | -- | |
| 05/01/2020 05/01/20 | Price Changed | $759,000 | -5.1% | -- | |
| 04/11/2020 04/11/20 | Price Changed | $800,000 | -4.6% | -- | |
| 03/12/2020 03/12/20 | Price Changed | $839,000 | -2.3% | -- | |
| 03/07/2020 03/07/20 | Price Changed | $859,000 | 0.0% | -- | |
| 03/07/2020 03/07/20 | For Sale | $859,000 | -4.4% | -- | |
| 02/06/2020 02/06/20 | Pending | -- | -- | -- | |
| 01/28/2020 01/28/20 | Price Changed | $899,000 | -2.8% | -- | |
| 01/12/2020 01/12/20 | Price Changed | $925,000 | -2.6% | -- | |
| 12/12/2019 12/12/19 | Price Changed | $950,000 | -24.6% | -- | |
| 11/19/2019 11/19/19 | Price Changed | $1,260,000 | -3.1% | -- | |
| 10/04/2019 10/04/19 | For Sale | $1,300,000 | -- | -- |
Source: Florida Gulf Coast Multiple Listing Service
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,248 | $312,588 | -- | -- |
| 2024 | $4,769 | $284,171 | $258,327 | $10 |
| 2023 | $4,769 | $258,337 | $258,327 | $10 |
| 2022 | $8,457 | $525,311 | $108,255 | $417,056 |
| 2021 | $5,536 | $352,262 | $112,000 | $240,262 |
| 2020 | $4,564 | $278,586 | $112,000 | $166,586 |
| 2019 | $4,414 | $268,094 | $112,000 | $156,094 |
| 2018 | $4,523 | $279,393 | $112,000 | $167,393 |
| 2017 | $4,369 | $276,974 | $112,000 | $164,974 |
| 2016 | $4,226 | $276,623 | $112,000 | $164,623 |
| 2015 | $3,765 | $227,104 | $76,800 | $150,304 |
| 2014 | -- | $199,399 | $76,800 | $122,599 |
| 2013 | -- | $183,702 | $118,500 | $65,202 |
Source: Public Records
Agents Affiliated with this Home
-
Christian Fautz
-
L
Buyer's Agent in 2021
Laura Vance PA
LPT Realty, LLC
-
Alex King
Seller's Agent in 2020
Alex King
Premiere Plus Realty Company
(239) 849-3663
250 in this area
293 Total Sales
-
Thomas Renard
T
Buyer's Agent in 2020
Thomas Renard
Premiere Plus Realty Company
(239) 747-4338
5 in this area
5 Total Sales
Map
Source: Florida Gulf Coast Multiple Listing Service
MLS Number: 221029957
APN: 24-46-23-W3-00202.0060
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