NOT LISTED FOR SALE

1012 5th St S Unit 402 Naples, FL 34102

Old Naples Neighborhood

Estimated Value: $2,538,000 - $3,121,000

3 Beds
3 Baths
2,700 Sq Ft
$1,055/Sq Ft Est. Value

Last Sold October 03, 2019

Last sale price $1,525,000 $565 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $18,076/month

197 Days on Market

Highlights

  • Vaulted Ceiling
  • Wood Flooring
  • Great Room
  • Lake Park Elementary School Rated A
  • End Unit
  • 4-minute walk to Rodgers Park

About This Home

As of October 2019

This well-located, second floor unit in Isla Mar is spread over 2,700 square feet with 3 large bedrooms plus a den and 3 full bathrooms. Upgrades include walk-in closets, built-in cabinets, wood and tile flooring, window coverings, plantation shutters, an oversize 2 car garage, and more. The living room features a gas fireplace with multiple sets of french door out to a large screened terrace. This condo is located 5 blocks from the 5th Avenue Restaurants and shopping and only 4 blocks to the beach! This unit can not be missed at this incredible price!

Last Agent to Sell the Property

John Turco

William Raveis Real Estate License #NAPLES-280001661 Listed on: 02/27/2019

William Raveis Real Estate

Co-Listed By

Anthony Turco

William Raveis Real Estate License #NAPLES-251501288

Last Buyer's Agent

Dante DiSabato

William Raveis Real Estate License #NAPLES-249519680

William Raveis Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,730

Year Built

  • Built in 2000

Lot Details

  • South Facing Home
  • Gated Home
  • Privacy Fence

HOA Fees

  • $955 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Automatic Garage Door Opener
  • Deeded Parking
  • Secure Parking

Home Design

  • Flat Roof Shape
  • Concrete Block With Brick
  • Stucco
  • Tile

Interior Spaces

  • 2,700 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Fireplace
  • Window Treatments
  • Casement Windows
  • French Doors
  • Great Room
  • Formal Dining Room
  • Home Office
  • Storage
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Built-In Self-Cleaning Oven
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 3 Full Bathrooms
  • Dual Sinks
  • Bathtub With Separate Shower Stall

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Laundry Tub

Outdoor Features

  • Screened Balcony
  • Patio

Schools

  • Lake Park Elementary School
  • Gulf View Middle School
  • Naples High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 10360000248

Community Details

Overview

  • Low-Rise Condominium

Amenities

  • Community Barbecue Grill
  • Elevator
  • Community Storage Space

Recreation

  • Community Pool or Spa Combo

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,730

Year Built

Built in 2000

Lot Details

0

HOA Fees

$955 per month

Parking

2

Listing Details

  • Legal Description: ISLA MAR IN OLD NAPLES A CONDOMINIUM UNIT 402
  • Property Type: Residential
  • Table: Residential
  • Street View Param: 1$26.13537$-81.80021899999997$145.52$13.33$1.00$fjNrNPnY5TIuwYG1F50fUA
  • Building Design: Low Rise (1-3)
  • Building Description: End-Unit
  • Year Built: 2000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Furnished Description: Unfurnished
  • Num Unit Floor: 2
  • Price Per Sq Ft: 564.81
  • Total Floors: 1
  • Additional Rooms: Balcony, Great Room, Guest Bath, Guest Room, Home Office, Laundry in Residence, Screened Balcony, Den/Study
  • Estimated Living Area: 2700
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Bedroom Description: Split Bedrooms
  • Bedrooms: 3+Den
  • Total Bedrooms: 3
  • Dining Room: Breakfast Bar, Living Dining, Eat-in Kitchen, Formal
  • Elevator: Common
  • Equipment: Auto Garage Door, Cooktop - Gas, Dishwasher, Disposal, Dryer, Freezer, Microwave, Refrigerator, Self Cleaning Oven, Smoke Detector, Wall Oven, Washer
  • Flooring: Carpet, Tile, Wood
  • Floor Plan: Great Room, Split Bedrooms
  • Interior Amenities: Built-In Cabinets, Cable Prewire, Fireplace, Foyer, French Doors, High Speed Available, Laundry Tub, Smoke Detectors, Volume Ceiling, Walk-In Closet, Window Coverings
  • Kitchen: Gas Available, Island, Pantry
  • Primary Bathroom: Dual Sinks, Separate Tub And Shower
  • Windows: Casement

Exterior Features

  • Gulf Access: No
  • Private Pool: No
  • Private Spa: No
  • Roof: Built-Up Or Flat, Tile
  • Construction: Concrete Block
  • Irrigation: Central
  • Road: Public Road
  • View: Landscaped Area
  • Exterior Features: Fence, Patio, Privacy Wall, Storage
  • Exterior Finish: Stucco

Garage/Parking

  • Garage Description: Attached
  • Garage Spaces: 2
  • Parking: 2+ Spaces

Utilities

  • Cable Available: Yes
  • Cooling: Ceiling Fans, Central Electric
  • Heat: Central Electric
  • Security: Secured Garage, Gated
  • Sewer: Central
  • Water: Central

Condo/Co-op/Association

  • Management Company Phone: 239-514-7432
  • Approval: Application Fee, Buyer
  • Management: Professional
  • Mandatory HOA: Yes
  • Restrictions: Architectural, Deeded
  • Sub Condo Name: ISLA MAR
  • Maintenance: Insurance, Lawn/Land Maintenance, Legal/Accounting, Manager, Pest Control Exterior, Water
  • Master Hoa Fee: 2864
  • Master HOA Fee Frequency: Quarterly

Association/Amenities

  • Pets: With Approval
  • Development: Olde Naples
  • Amenities: BBQ - Picnic, Community Pool, Community Spa/Hot tub, Extra Storage
  • Units In Building: 6
  • Total Number of Units: 16

Fee Information

  • Application Fee: 100.00

Schools

  • Elementary School: LAKE PARK
  • Middle School: GULF VIEW
  • High School: NAPLES HIGH
  • Elementary School: Lake Park
  • High School: Naples High
  • Middle School: Gulf View

Lot Info

  • Builder Product: No
  • Lot Unit: 402
  • Section: 9
  • Total Area: 3300
  • Waterfront: No
  • Rear Exposure: South
  • Lot Description: Corner, Oversize
  • Parcel Number: 10360000248

Rental Info

  • Lease Limits: Yes
  • Leases Per Year: 2
  • Min Days Of Lease: 90

Tax Info

  • Tax Description: City And County
  • Taxes: 8730.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2019
Closed on
Oct 3, 2019
Sold by
Cravey Lynn and George Vega Jr Irrevocable Tru
Bought by
Szlag John H and Szlag Teresa A
Seller's Agent
John Turco
William Raveis Real Estate
Buyer's Agent
Dante DiSabato
William Raveis Real Estate
List Price
$1,750,000
Sold Price
$1,525,000
Premium/Discount to List
-$225,000
-12.86%
Current Estimated Value
$2,849,516

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,324,516
Avg. Annual Appreciation
11.20%
Original Mortgage
$700,000
Outstanding Balance
$598,825
Interest Rate
2.3%
Mortgage Type
New Conventional
Estimated Equity
$2,250,691

Purchase Details

Closed on
Mar 30, 2010
Sold by
Vega George
Bought by
Vega George and George Vega Jr Irrevocable Trust Agreeme

Purchase Details

Closed on
Apr 19, 2002
Sold by
Wilson Thomas L
Bought by
Vega George and Vega Joan H

Purchase Details

Closed on
Apr 17, 2000
Sold by
Group 7 Inc
Bought by
Wilson Thomas L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,000
Interest Rate
8.27%
Source: Public Records

Range of Values:

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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
Szlag John H $1,525,000 Attorney
Vega George -- Attorney
Vega George $840,000 --
Wilson Thomas L $565,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Szlag John H $700,000
Previous Owner Wilson Thomas L $448,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/03/2019 10/03/19 Sold $1,525,000 -7.6% $565 / Sq Ft
09/12/2019 09/12/19 Pending -- -- --
08/23/2019 08/23/19 Price Changed $1,650,000 -5.7% $611 / Sq Ft
07/10/2019 07/10/19 For Sale $1,750,000 0.0% $648 / Sq Ft
07/07/2019 07/07/19 Pending -- -- --
02/27/2019 02/27/19 For Sale $1,750,000 -- $648 / Sq Ft
Source: Naples Area Board of REALTORS®

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
2024 $19,145 $2,026,448 -- --
2023 $19,145 $1,842,225 $0 $0
2022 $18,483 $1,674,750 $0 $0
2021 $15,623 $1,522,500 $0 $1,522,500
2020 $14,770 $1,455,000 $0 $1,455,000
2019 $14,933 $1,455,000 $0 $1,455,000
2018 $8,869 $903,442 $0 $0
2017 $8,730 $884,860 $0 $0
2016 $8,580 $866,660 $0 $0
2015 $8,759 $860,636 $0 $0
2014 $8,791 $803,806 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 219017114

Naples Area Board of REALTORS®

APN: 10360000248