NOT LISTED FOR SALE

Estimated Value: $2,039,000 - $3,340,291

8 Beds
4 Baths
4,333 Sq Ft
$603/Sq Ft Est. Value

Last Sold August 14, 2012

Last sale price $1,285,000 $297 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $15,536/month

109 Days on Market

Highlights

  • No HOA
  • Naples Bayside Academy Rated A
  • Laundry Room

About This Home

As of August 2012

Large 4 unit Pride of Ownership building located 1 block from Ocean
Each unit is 2 bedroom and over 1,050 sq. ft.
New Vinyl Window throughout the whole building
Refinished wood floors on groundfloor units and travertine tile in Kitchens
Exterior completely rehabbed
New security door and entry system.
Refinished Upstairs deck with barbq for use by all tenants.

Last Agent to Sell the Property

Michael Millea

Lyon Stahl Investment Real Estate, Inc. License #01069014 Listed on: 03/01/2012

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Terry Rogers

Coldwell Banker Realty License #01037853

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,144

Year Built

  • Built in 1931

Lot Details

  • 3,374

Parking

  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 4,333 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Additional Features

  • Laundry Room
  • 3,374 Sq Ft Lot

Listing and Financial Details

  • Legal Lot and Block 13 / 25
  • Tax Tract Number 3750
  • Assessor Parcel Number 7247014012

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,733
  • Trash Expense $912
  • Water Sewer Expense $4,620
  • New Taxes Expense $16,049
  • Gross Income $6,750
  • Net Operating Income $46,748

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,144

Year Built

Built in 1931

Lot Details

0

Parking

3

Listing Details

  • CapRate: 3.78
  • Subdivision Name Other: Belmont Shore (BSD)
  • Water Sewer Expenses: 4620.00
  • Zoning: R2
  • Property Type: Residential Income
  • Parcel Number: 7247014012
  • Year Built: 1931
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Two
  • Price Per Square Foot: 296.56

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Trash Expense: 912.00

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 3374.00
  • Lot Size Acres: 0.0800

Multi Family

  • Average2 Bed Area: 1080
  • Gross Income: 6750.00
  • Gross Multiplier: 16.18
  • Gross Scheduled Income: 83388.00
  • Insurance Expense: 1733.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 3374.0000 Square Feet
  • Net Operating Income: 46748.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 34138.00
  • Rent Control: No
  • Total Actual Rent: 6625.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 16049.00
  • Tax Block: 25
  • Tax Lot: 13
  • Tax Tract Number: 3750
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 5, 2018
Sold by
Tesser Dana J
Bought by
Crk Holdings Llc
Current Estimated Value
$2,611,073

Purchase Details

Listed on
Mar 1, 2012
Closed on
Aug 8, 2012
Sold by
Lido Lane Holdings Llc
Bought by
Tesser Dana
Seller's Agent
Michael Millea
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Terry Rogers
Coldwell Banker Realty
List Price
$1,399,000
Sold Price
$1,285,000
Premium/Discount to List
-$114,000
-8.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.78%
Original Mortgage
$1,230,000
Interest Rate
3.49%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Apr 8, 2010
Sold by
Rasmussen Ralph and Rassu Family Bypass Trust
Bought by
Lido Lane Holding Llc

Purchase Details

Closed on
Nov 9, 1999
Sold by
Trust Rassau Alice O Trs Hans And Alice
Bought by
Rassau Alice O and Rassau Family Bypass Trust

Purchase Details

Closed on
Oct 22, 1999
Sold by
Trust Rassau Alice O Tr Hans And Alice R
Bought by
Rassau Alice O and Rassau Family Bypass Trust

Purchase Details

Closed on
Nov 11, 1994
Sold by
Rassau Hans L and Rassau Alice O
Bought by
Rassau Hans L and Rassau Alice O
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
Crk Holdings Llc -- None Available
Tesser Dana $1,285,000 Pacific Coast Title
Lido Lane Holding Llc $1,150,000 Fidelity National Title Co
Rassau Alice O -- --
Rassau Alice O -- --
Rassau Hans L -- --
Rassau Hans L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tesser Dana $350,000
Previous Owner Tesser Dana $1,230,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2012 08/14/12 Sold $1,285,000 -8.1% $297 / Sq Ft
06/18/2012 06/18/12 Pending -- -- --
03/01/2012 03/01/12 For Sale $1,399,000 -- $323 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $20,144 $1,582,373 $997,450 $584,923
2024 $20,144 $1,551,347 $977,893 $573,454
2023 $19,808 $1,520,929 $958,719 $562,210
2022 $18,588 $1,491,108 $939,921 $551,187
2021 $18,214 $1,461,872 $921,492 $540,380
2019 $17,953 $1,418,514 $894,161 $524,353
2018 $17,500 $1,390,701 $876,629 $514,072
2017 $17,316 $1,363,434 $859,441 $503,993
2016 $16,088 $1,336,701 $842,590 $494,111
2015 $15,437 $1,316,623 $829,934 $486,689
2014 $15,325 $1,290,833 $813,677 $477,156
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S12027746

California Regional Multiple Listing Service (CRMLS)

APN: 7247-014-012