NOT LISTED FOR SALE

1011 3rd St Fort Myers Beach, FL 33931

Estimated Value: $731,000 - $1,494,000

3 Beds
4 Baths
1,684 Sq Ft
$617/Sq Ft Est. Value

Last Sold August 24, 2018

Last sale price $480,000 $285 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $5,796/month

82 Days on Market

Highlights

  • Community Beach Access
  • Fishing Pier
  • Patio
  • Fort Myers Beach Elementary School Rated A-
  • Concrete Block With Brick
  • Tile Flooring

About This Home

As of August 2018

Location Location. Location. Right in the Times Square, Pier District area. Zoned for WEEKLY Rentals. Potentially 50 week a year rental location. Possible gross income of 65,000++. Major re gentrification going on right now in the Downtown district. Get your piece of the pie right now before its too late. Walk seconds to the Bay, Walk minutes to the Beach. Walk to dozens of restaurants and cafes

Last Agent to Sell the Property

Alex King

Premiere Plus Realty Company License #BEAR-3251534 Listed on: 04/02/2018

Premiere Plus Realty Company

Last Buyer's Agent

Alex King

Premiere Plus Realty Company License #BEAR-3251534 Listed on: 04/02/2018

Premiere Plus Realty Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,369

Year Built

  • Built in 1972

Lot Details

  • 3,202

Home Design

  • Duplex
  • Concrete Block With Brick
  • Metal Roof
  • Aluminum Siding

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Cable TV Available

Additional Features

  • Tile Flooring
  • Patio
  • 3,202 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 24-46-23-W3-00202.0060
  • Tax Block 2

Community Details

Overview

  • 2 Units
  • Business Center Condos

Recreation

  • Fishing Pier
  • Community Beach Access

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,369

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Legal Description: BUSINESS CENTER BLK.2 PB 9 PG 9 LOT 6
  • Property Type: Residential Income
  • Table: Residential Income
  • Street View Param: 1$45.456132$-123.85421500000001$238.38$13.33$1.00$6a27n9UHlJkuI9qL41A9Qw
  • Building Design: Duplex
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 4
  • Total Bathrooms: 4.00
  • Total Bedrooms: 3
  • Flooring: Tile

Exterior Features

  • Gulf Access: No
  • Private Pool: No
  • Private Spa: No
  • Roof: Metal
  • Construction: Concrete Block
  • Exterior Features: Patio
  • Exterior Finish: Aluminum Siding

Utilities

  • Cable Available: Yes
  • Cooling: Wall Unit
  • Sewer: Central
  • Water: Central

Association/Amenities

  • Pets: No Approval Needed
  • Development: Business Center
  • Amenities: Beach Access, Fishing Pier
  • Community Type: Non-Gated
  • Units In Building: 2

Condo/Co-op/Association

  • Sub Condo Name: BUSINESS CENTER

Lot Info

  • Lot Unit: 6
  • Section: 24
  • Waterfront: No
  • Zoning Code: C-1
  • Acres: 0.0735
  • Lot Description: Regular
  • Parcel Number: 24-46-23-W3-00202.0060

Tax Info

  • Tax Description: City And County
  • Taxes: 4368.83

Multi Family

  • Unit Count: 2
  • Gross Rental Income: 23580.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 6, 2021
Sold by
Ten Eleven Third Street Llc
Bought by
Merschman I Llc
Current Estimated Value
$1,039,635

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$784,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 4, 2020
Sold by
Southern Hospitality Waterfront Vacation
Bought by
Ten Eleven Third Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$506,250
Interest Rate
3.1%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Apr 2, 2018
Closed on
Aug 14, 2018
Sold by
Nappo Joseph and Nappo Christine
Bought by
Southern Hospitality Waterfront Vacaton
Seller's Agent
Alex King
Premiere Plus Realty Company
Buyer's Agent
Alex King
Premiere Plus Realty Company
List Price
$499,000
Sold Price
$480,000
Premium/Discount to List
-$19,000
-3.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.36%
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
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
08/24/2018 08/24/18 Sold $480,000 -3.8% $285 / Sq Ft
06/24/2018 06/24/18 Pending -- -- --
04/03/2018 04/03/18 For Sale $499,000 -- $296 / Sq Ft
Source: Multiple Listing Service of Bonita Springs-Estero

Tax History Compared to Growth

Source: Public Records

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

  • Alex King

    Seller's Agent in 2018

    Alex King

    Premiere Plus Realty Company

    (239) 849-3663

    250 in this area

    293 Total Sales

    Alex King
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Map

Source: Multiple Listing Service of Bonita Springs-Estero

MLS Number: 218025355

Multiple Listing Service of Bonita Springs-Estero

APN: 24-46-23-W3-00202.0060

Florida Lee County Fort Myers Beach 33931

1011 3rd St, Fort Myers Beach, FL

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