NOT LISTED FOR SALE

1042-1058 Old Bridge Rd North Fort Myers, FL 33917

Estimated Value: $242,000 - $1,583,434

16 Beds
8 Baths
6,500 Sq Ft
$126/Sq Ft Est. Value

Last Sold June 01, 2021

Last sale price $880,000 $135 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $5,304/month

153 Days on Market

Highlights

  • Boat Dock
  • River Front
  • Canal Access
  • North Fort Myers High School Rated A
  • 1.29 Acre Lot
  • Tile Flooring

About This Home

As of June 2021

Waterfront multi family! Income/Expense sheet is in the picts. Run the numbers, this property provides a cash flow until future development for condos. Very unique and one of a kind opportunity to do that.
Owner can hold financing. May purchase with no money down provided there is sufficient equity in additional real estate used as collateral. Eight 2 bedroom 1 bath concrete block apartments on the site. Also, four boats. Directly across the street is 40 acres owned by Lee County as conservation land. Must be purchased with listing #221016905 riverfront lot at 460k. Seller may trade for other Lee County real estate.

Last Agent to Sell the Property

Steve Loffreno

Integrity Real Estate & Property Management Inc. License #258500063 Listed on: 12/29/2020

Last Buyer's Agent

Duc Le

Sunny LLC License #772093126

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,472

Year Built

  • Built in 1979

Lot Details

  • 1.29 Acre Lot
  • Lot Dimensions are 450 x 120 x 450 x 130
  • River Front
  • Street terminates at a dead end

Home Design

  • Duplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 6,500 Sq Ft Home
  • 1-Story Property
  • Single Hung Windows

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Full Bathrooms

Outdoor Features

  • Canal Access
  • Rip-Rap

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Listing and Financial Details

  • Tenant pays for electricity, water
  • Legal Lot and Block 17 / 24
  • Assessor Parcel Number 01-44-24-00-00017.0020

Community Details

Overview

  • 4 Buildings
  • One Subdivision

Recreation

  • Boat Dock

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,472

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 1.29
  • Lot Size: 450 x 120 x 450 x 130
  • Road Surface Type: Paved
  • Subdivision Name: ONE
  • Architectural Style: Ranch, One Story, Duplex
  • Building Stories: 1
  • Structure Type: Duplex
  • Year Built: 1979
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Stories: 1

Interior Features

  • Number Of Buildings: 4
  • Private Spa: No
  • Full Bathrooms: 8
  • Total Bedrooms: 16
  • Flooring: Carpet, Tile, Vinyl
  • Window Features: Single Hung

Exterior Features

  • Lot Features: See Remarks, Dead End
  • Pool Private: No
  • Waterfront Features: Canal Access, River Front, Riprap
  • Waterfront: Yes
  • Disclosures: See Remarks
  • Construction Type: Block, Concrete, Stucco
  • Property Condition: Resale
  • Roof: Shingle

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Boat Facilities
  • Amenities: See Remarks
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 01-44-24-00-00017.0020
  • Zoning Description: Tfc-2
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Water

Multi Family

  • Number Of Units Total: 1

Tax Info

  • Tax Annual Amount: 7472.0
  • Tax Block: 24
  • Tax Lot: 17
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 29, 2020
Closed on
Jun 1, 2021
Sold by
Loffreno Steven P
Bought by
Nguyen Thi Thuy Oanh and Nguyen Van Thinh
Seller's Agent
Steve Loffreno
Integrity Real Estate & Property Management Inc.
Buyer's Agent
Duc Le
Sunny LLC
List Price
$1,150,000
Sold Price
$880,000
Premium/Discount to List
-$270,000
-23.48%
Current Estimated Value
$820,609

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$59,391
Avg. Annual Appreciation
-1.57%
Original Mortgage
$1,000,000
Outstanding Balance
$905,375
Interest Rate
2.9%
Mortgage Type
Unknown
Estimated Equity
-$84,766

Purchase Details

Closed on
May 28, 2003
Sold by
Lane Patricia A
Bought by
Loffreno Steven Patrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800
Interest Rate
5.79%
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
Nguyen Thi Thuy Oanh $1,240,000 Pro Title Of Florida Inc
Loffreno Steven Patrick $510,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nguyen Thi Thuy Oanh $1,000,000
Previous Owner Loffreno Steven Patrick $800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/01/2021 06/01/21 Sold $880,000 -23.5% $135 / Sq Ft
06/01/2021 06/01/21 Pending -- -- --
12/29/2020 12/29/20 For Sale $1,150,000 -- $177 / Sq Ft
Source: Florida Gulf Coast Multiple Listing Service

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 $11,852 $748,815 $245,503 $473,480
2024 $3,077 $812,046 -- --
2023 $3,077 $191,862 $0 $0
2022 $12,414 $671,104 $154,083 $517,021
2021 $8,122 $505,477 $149,375 $356,102
2020 $7,783 $479,684 $108,300 $371,384
2019 $7,418 $469,144 $80,940 $388,204
2018 $7,170 $447,361 $80,940 $366,421
2017 $6,810 $411,835 $80,940 $330,895
2014 -- $250,299 $85,299 $165,000
2013 -- $68,904 $25,010 $43,894
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Steve Loffreno

    Integrity Real Estate & Property Management Inc.

    (239) 980-2804

    11 in this area

    37 Total Sales

    Steve Loffreno
    Section Image

  • D

    Buyer's Agent in 2021

    Duc Le

    Sunny LLC

    (239) 887-5157

    6 in this area

    177 Total Sales

    Duc Le
    Section Image
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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 220082185

Florida Gulf Coast Multiple Listing Service

APN: 01-44-24-00-00017.0020

Florida Lee County North Fort Myers 33917

1042-1058 Old Bridge Rd, North Fort Myers, FL

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