NOT LISTED FOR SALE

Estimated Value: $201,000 - $839,105

2 Beds
2 Baths
4,480 Sq Ft
$121/Sq Ft Est. Value

Last Sold June 24, 2022

Last sale price $1,053,500 $235 Per Sq Ft

Est. 49% decrease in value since last sale

Current estimated payment $2,887/month

5 Days on Market

Highlights

  • 90 Feet of Salt Water Canal Waterfront
  • Boat Dock
  • Separate Formal Living Room
  • Sallie Jones Elementary School Rated A-
  • Canal View
  • No HOA

About This Home

As of June 2022

***Multiple Offers In Place, Seller is not taking any more offers or showings at this time decision will be made today, Thank you!*** Looking for an income producing property that actually produces income and has plenty of future value adds? This incredibly well built and rarely available quadraplex is home to (4) Two Bedroom, Two Bath units complete with front porches and rear lanais with great water views. This property is located in the highly desirable section of Punta Gorda Isles, on an OVERSIZED WATER FRONT lot, and sits on a cul de sac road. With only one bridge out to open water, these units will be highly desirable to casual boater and avid fishermen alike. The property boasts a concrete tile roof that was replaced in 2005, so no worries about having to replace it in the near future. AC's were recently replaced as well and the property itself is in overall great condition! Ask about the recent condo conversion that will allow for these units to be sold separately in the future! This property will make a fantastic addition to any prospective investor's portfolio, so don't delay and setup your showing today.

Last Agent to Sell the Property

Devan McKinney

RE/MAX PALM REALTY License #3460345 Listed on: 03/19/2022

RE/MAX PALM REALTY

Last Buyer's Agent

Christopher Grant

GRANT TEAM REAL ESTATE, LLC License #3238094

GRANT TEAM REAL ESTATE, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,311

Year Built

  • Built in 1980

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 107x120x90
  • 90 Feet of Salt Water Canal Waterfront
  • Property fronts a saltwater canal
  • Cul-De-Sac
  • Level Lot

Parking

  • Assigned Parking

Home Design

  • Quadruplex
  • Bi-Level Home
  • Slab Foundation
  • Fiber Cement Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 4,480 Sq Ft Home
  • Separate Formal Living Room
  • Inside Utility
  • Canal Views
  • Range

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Access to Brackish Canal
  • Seawall
  • Dock made with wood
  • Balcony
  • Enclosed Patio or Porch

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 4,928 Sq Ft Building
  • Punta Gorda Isles Community
  • Punta Gorda Isles Subdivision

Recreation

  • Boat Dock

Building Details

  • Operating Expense $16,153
  • Gross Income $60,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,311

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 4480
  • Lot Size Acres: 0.27
  • New Construction: No
  • Year Built: 1980
  • Building Area Total: 4928
  • Lot Size Sq Ft: 11784
  • Tenant Pays: Electricity
  • Directions to Property: From Via Tripoli, make a right on to Riding Rocks Lane and the home will be on your right hand side.
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Escrow State: FL
  • List Office Head Office Key Nume: 1045793
  • RATIO Current Price By Calculate: 235.16
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number YN: 0
  • Water Access YN: 1
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Interior Amenities: Other
  • Appliances Included: Dryer, Electric Water Heater, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: Two
  • Street Number Modifier: 1218
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Formal Living Room Separate,Inside Utility
  • Living Area Meters: 416.21

Exterior Features

  • Exterior Features: Balcony
  • Roof: Cement
  • Pool Private: No
  • View: Water
  • Water Body Name: PERIWINKLE BAYOU
  • Waterfront: Yes
  • Patio and Porch Features: Enclosed, Porch, Screened
  • Road Surface Type: Paved
  • Water Access: Canal - Brackish
  • Water Extras: Dock - Wood,Seawall - Concrete
  • Water Extras YN: 1
  • Water Frontage Feet Canal Salt: 90
  • Water View: Canal
  • Water View YN: 1
  • Waterfront Feet Total: 90
  • Flood Zone Date: 2003-05-05
  • Flood Zone Panel: 12015C0241F

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Assigned

Utilities

  • Utilities: Cable Connected, Electricity Connected
  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Dock
  • Association: No
  • Senior Community: No
  • Association Fee Requirement: None
  • Condo Fees: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Zoning: GM-15
  • Parcel Number: 412212876000
  • Additional Parcels: No
  • Lot Features: Cul-De-Sac, City Limits, Level, Paved
  • Lot Dimensions: 107x120x90
  • Flood Zone Code: AE
  • Lot Size Square Meters: 1095

Green Features

  • Green Verification Count: 0

Rental Info

  • Total Actual Rent: 5000

Multi Family

  • Gross Income: 60000
  • Number Of Units Total: 4
  • Waterfront Features: Canal - Saltwater
  • Total Num Buildings: 1
  • Unit Count: 1

Tax Info

  • Tax Annual Amount: 9311
  • Tax Lot: 13

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2022 06/24/22 Sold $1,053,500 -4.2% $235 / Sq Ft
06/13/2022 06/13/22 Off Market $1,099,900 -- --
03/25/2022 03/25/22 Pending -- -- --
03/19/2022 03/19/22 For Sale $1,099,900 -- $246 / Sq Ft
Source: Stellar MLS

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
2023 $0 $0 $0 $0
2022 $0 $0 $0 $0
2021 $0 $0 $0 $0
2020 $0 $0 $0 $0
2019 $0 $0 $0 $0
2018 $0 $0 $0 $0
2017 $0 $0 $0 $0
2016 -- $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: D6124381

Stellar MLS

APN: 412212876000