NOT LISTED FOR SALE

1107 SE 23rd Place Unit 1-4 Cape Coral, FL 33990

Hancock Neighborhood

Estimated Value: $462,000 - $923,000

8 Beds
8 Baths
3,960 Sq Ft
$177/Sq Ft Est. Value

Last Sold December 31, 2020

Last sale price $525,000 $133 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $4,472/month

60 Days on Market

Highlights

  • Tile Flooring
  • Central Heating and Cooling System
  • Rectangular Lot
  • Cape Elementary School Rated A-
  • Ceiling Fan

About This Home

As of December 2020

Nice Quad across from single family homes. Close to Rosen Park and minutes from City Hall, Cape Coral Hospital & Police Department. Two buildings. Both 2 bed/2 bath good size units with New 40 Yr Metal Roofs, Re piped, 90% tile, very well maintained. Bldg 1 has annual leases in place that renew 07-31-2121. Bldg 2 leases are month-month so simple transition to market rents. Low expenses. Please have interested buyer view all pics and both 3-D walk through tours. Attached financials highlight market rent opportunity. Please see remarks.

Last Agent to Sell the Property

Jim Hoffmann

Gulf Coast Living Real Estate, Inc License #252013318 Listed on: 10/01/2020

Last Buyer's Agent

Gio Valencia

Premiere Plus Realty Company License #249525717

Premiere Plus Realty Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,643

Year Built

  • Built in 1983

Lot Details

  • 0.39 Acre Lot
  • Lot Dimensions are 120 x 140 x 120 x 140
  • Rectangular Lot

Home Design

  • Quadruplex
  • Metal Roof
  • Stucco

Interior Spaces

  • 3,960 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Single Hung Windows
  • Tile Flooring

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Full Bathrooms

Utilities

  • Central Heating and Cooling System
  • Sewer Assessments

Listing and Financial Details

  • Tenant pays for application fee, cable TV, electricity, internet, sewer, telephone, water
  • Legal Lot and Block 3 / 1400
  • Assessor Parcel Number 20-44-24-C2-01400.0030

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Cape Coral Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Building Details

  • Operating Expense $10,100
  • Net Operating Income $26,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,643

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.386
  • Lot Size: 120 x 140 x 120 x 140
  • Subdivision Name: CAPE CORAL
  • Directions: Viscaya Pkwy east to SE 23rd Pl then south to property.
  • Architectural Style: Ranch, One Story
  • Building Stories: 1
  • Structure Type: Quadruplex
  • Year Built: 1983
  • Property Sub Type Additional: Quadruplex
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Furnished: Unfurnished
  • Number Of Buildings: 2
  • Private Spa: No
  • Full Bathrooms: 8
  • Total Bedrooms: 8
  • Flooring: Tile
  • Window Features: Single Hung

Exterior Features

  • Lot Features: Rectangular Lot
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: Seller Disclosure
  • Construction Type: Block, Concrete, Stucco
  • Property Condition: Resale
  • Roof: Metal

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Assessment Paid
  • Water Source: Assessment Paid

Condo/Co-op/Association

  • Amenities: None
  • Pets Allowed: Call, Conditional

Lot Info

  • Parcel #: 20-44-24-C2-01400.0030
  • Zoning Description: R3-D
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Application Fee, Cable TV, Electricity, Internet, Sewer, Telephone, Water

Multi Family

  • Number Of Units Total: 4
  • Property Net Operating Income: 26200.0
  • Annual Operating Expense: 10100.0

Tax Info

  • Tax Annual Amount: 5643.0
  • Tax Block: 1400
  • Tax Lot: 3
  • Tax Year: 2019

Matterport 3D Tours

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2020
Closed on
Dec 31, 2020
Sold by
Thier Gregory E and Thier Julie B
Bought by
Hernandez Bello Marco A and Camacho Rosa Velia
Seller's Agent
Jim Hoffmann
Gulf Coast Living Real Estate, Inc
Buyer's Agent
Gio Valencia
Premiere Plus Realty Company
List Price
$569,000
Sold Price
$525,000
Premium/Discount to List
-$44,000
-7.73%
Current Estimated Value
$700,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$175,000
Avg. Annual Appreciation
6.16%
Original Mortgage
$507,478
Outstanding Balance
$452,846
Interest Rate
2.7%
Mortgage Type
FHA
Estimated Equity
$247,487

Purchase Details

Closed on
Jul 30, 1999
Sold by
Coleman Donald L and Coleman Ann M
Bought by
Thier Gregory E and Thier Julie B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,622
Interest Rate
7.66%
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
Hernandez Bello Marco A $525,000 Jewel Stone Ttl Ins Agcy Inc
Thier Gregory E $160,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hernandez Bello Marco A $507,478
Previous Owner Thier Gregory E $122,622
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/31/2020 12/31/20 Sold $525,000 -7.7% $133 / Sq Ft
12/01/2020 12/01/20 Pending -- -- --
10/01/2020 10/01/20 For Sale $569,000 -- $144 / 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 $9,481 $458,961 -- --
2024 $8,385 $417,237 -- --
2023 $8,385 $379,306 $0 $0
2022 $7,831 $344,824 $0 $0
2021 $7,144 $313,476 $37,112 $276,364
2020 $6,002 $279,411 $34,925 $244,486
2019 $5,643 $272,117 $27,500 $244,617
2018 $5,487 $271,312 $27,500 $243,812
2016 $4,741 $223,221 $21,752 $201,469
2015 $4,371 $198,286 $19,518 $178,768
2014 -- $170,030 $13,938 $156,092
2013 -- $162,900 $12,000 $150,900
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    Jim Hoffmann

    Gulf Coast Living Real Estate, Inc

    Section Image

  • G

    Buyer's Agent in 2020

    Gio Valencia

    Premiere Plus Realty Company

    Section Image
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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 220057956

Florida Gulf Coast Multiple Listing Service

APN: 20-44-24-C2-01400.0030

Florida Lee County Cape Coral 33990 Hancock

1107 SE 23rd Place Unit 1-4, Cape Coral, FL

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