NOT LISTED FOR SALE

Estimated Value: $1,244,000 - $2,142,000

3 Beds
2.5 Baths
1,785 Sq Ft
$978/Sq Ft Est. Value

Last Sold July 16, 2018

Last sale price $1,125,000 $630 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $10,883/month

86 Days on Market

Highlights

  • Boating
  • Home fronts navigable water
  • Bay View
  • Lake Park Elementary School Rated A
  • Leased Dock
  • End Unit

About This Home

As of July 2018

A rarely available 3 bedroom PENTHOUSE condo in Olde Naples with magnificent views over Naples Bay. Situated on the top floor, this penthouse has been completely renovated and is move-in ready. The penthouse is protected by impact glass doors and windows. Boat slips available to owners as an annual rental; 4 guest suites on the first floor available for visitors; one secure under-building garage space; and two extra storage spaces. All utilities, including electric and cable, are included in the quarterly condo fee. Located next to the Naples Yacht Club, close to the beach and shopping and fine dining on Fifth Ave. and Third St., around the corner from the City Dock and a short walk to the 3rd Street Shopping and Dining area.

Last Agent to Sell the Property

Robyn Pfister Griffin

William Raveis Real Estate Listed on: 03/25/2018

William Raveis Real Estate

Co-Listed By

Robert Forbis

William Raveis Real Estate

Last Buyer's Agent

Katherine Lewis

Douglas Elliman Florida, LLC

Douglas Elliman Florida, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,307

Year Built

  • Built in 1967

Lot Details

  • Home fronts navigable water
  • Property Fronts a Bay or Harbor
  • East Facing Home

HOA Fees

  • $920 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Home Design

  • Entry on the 8th floor
  • Flat Roof Shape
  • Concrete Block With Brick
  • Stucco

Interior Spaces

  • 1,785 Sq Ft Home
  • Ceiling Fan
  • Great Room
  • Combination Dining and Living Room
  • Bay Views

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Built-In Self-Cleaning Oven
  • Cooktop
  • Microwave
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Built-In Bedroom Cabinets
  • Walk-In Closet
  • Dual Sinks
  • Shower Only

Home Security

  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Outdoor Features

  • No Fixed Bridges
  • Leased Dock
  • Balcony
  • Patio

Schools

  • Lake Park Elementary School
  • Gulfview Middle School
  • Naples High School

Utilities

  • Central Heating and Cooling System
  • Multiple Phone Lines
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 02581080000

Community Details

Overview

  • High-Rise Condominium
  • Car Wash Area
  • 8-Story Property

Amenities

  • Community Library
  • Laundry Facilities
  • Elevator
  • Lobby
  • Bike Room
  • Community Storage Space

Recreation

  • Boating
  • Fishing Pier
  • Gulf Boat Access
  • Exercise Course

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,307

Year Built

Built in 1967

Lot Details

0

HOA Fees

$920 per month

Parking

1

Listing Details

  • Legal Description: BAY TERRACE A CONDOMINIUM UNIT 8-C
  • Property Type: Residential
  • Table: Residential
  • Street View Param: 1$26.13096772968631$-81.79615767316204$84.35$13.33$1.00$R3lBs8LM10z-ohoNloegUQ
  • Building Design: High Rise (8+)
  • Building Description: End-Unit
  • Storm Protection: Impact Resistant Doors, Impact Resistant Windows
  • Year Built: 1967
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Furnished Description: Unfurnished
  • Num Unit Floor: 8
  • Price Per Sq Ft: 630.25
  • Total Floors: 8
  • Additional Rooms: Balcony
  • Estimated Living Area: 1785
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Bedroom Description: Split Bedrooms
  • Bedrooms: 3 Bed
  • Total Bedrooms: 3
  • Dining Room: Breakfast Bar, Living Dining, Eat-in Kitchen
  • Elevator: Common
  • Equipment: Cooktop, Dishwasher, Freezer, Microwave, Range, Refrigerator, Self Cleaning Oven, Smoke Detector, Wall Oven
  • Floor Plan: Great Room
  • Interior Amenities: Cable Prewire, Closet Cabinets, Foyer, Multiple Phone Lines, Smoke Detectors, Walk-In Closet, Window Coverings
  • Primary Bathroom: Dual Sinks, Shower Only

Exterior Features

  • Gulf Access: Yes
  • Private Pool: No
  • Private Spa: No
  • Roof: Built-Up Or Flat
  • Construction: Concrete Block
  • Gulf Access Type: No Bridge(s)/Water Direct
  • Boat Access: Dock Lease
  • Irrigation: Central
  • View: Bay
  • Exterior Features: Patio
  • Exterior Finish: Stucco
  • Waterfront Type: Bay, Navigable

Garage/Parking

  • Garage Description: Attached
  • Garage Spaces: 1
  • Parking: 1 Assigned

Utilities

  • Cable Available: Yes
  • Cooling: Ceiling Fans, Central Electric
  • Heat: Central Electric
  • Security: Entry TV, Lobby
  • Sewer: Central
  • Water: Central

Condo/Co-op/Association

  • Approval: Application Fee, Interview
  • Management: Professional
  • Mandatory HOA: Yes
  • Restrictions: No Rental
  • Sub Condo Name: BAY TERRACE
  • Condo Fees: 2760
  • Condo Fee Frequency: Quarterly
  • Maintenance: Cable, Insurance, Irrigation Water, Laundry Facilities, Lawn/Land Maintenance, Legal/Accounting, Manager, Pest Control Exterior, Sewer, Trash Removal, Water

Association/Amenities

  • Pets: Not Allowed
  • Development: Olde Naples
  • Amenities: Bike Storage, Common Laundry, Exercise Room, Extra Storage, Fishing Pier, Guest Room, Library, Vehicle Wash Area
  • Community Type: Boating
  • Units In Building: 28
  • Total Number of Units: 28

Fee Information

  • Application Fee: 175.00

Schools

  • Elementary School: Lake Park Elementary
  • High School: Naples High School
  • Middle School: Gulfview Middle School

Lot Info

  • Builder Product: No
  • Section: 10
  • Total Area: 1985
  • Waterfront: Yes
  • Rear Exposure: East
  • Parcel Number: 02581080000

Rental Info

  • Lease Limits: Yes

Tax Info

  • Tax Description: City And County
  • Taxes: 9307.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2018
Closed on
Jul 16, 2018
Sold by
Aloian Aloian D and Aloian Leslie W
Bought by
Lewis Joseph G and Lewis Katherine K
Seller's Agent
Robyn Pfister Griffin
William Raveis Real Estate
Buyer's Agent
Katherine Lewis
Douglas Elliman Florida, LLC
List Price
$1,175,000
Sold Price
$1,125,000
Premium/Discount to List
-$50,000
-4.26%
Current Estimated Value
$1,745,010

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$620,010
Avg. Annual Appreciation
6.15%
Original Mortgage
$675,000
Outstanding Balance
$584,988
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,160,022

Purchase Details

Closed on
Jul 13, 2010
Sold by
Wainscott George E and Chatterton Deborah Wainscott
Bought by
Aloian D Pike and Aloian Leslie W
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lewis Joseph G $1,125,000 Attorney
Aloian D Pike $655,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lewis Joseph G $675,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/16/2018 07/16/18 Sold $1,125,000 -4.3% $630 / Sq Ft
06/19/2018 06/19/18 Pending -- -- --
03/25/2018 03/25/18 For Sale $1,175,000 -- $658 / 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
2025 $8,959 $1,050,545 -- --
2024 $8,817 $1,020,938 -- --
2023 $8,817 $991,202 $0 $0
2022 $9,058 $962,332 $0 $0
2021 $9,196 $934,303 $0 $0
2020 $8,971 $921,403 $0 $0
2019 $8,858 $900,687 $0 $0
2018 $9,850 $961,520 $0 $961,520
2017 $9,307 $894,226 $0 $0
2016 $8,752 $812,933 $0 $0
2015 $7,942 $739,030 $0 $0
2014 $7,231 $671,845 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 218022255

Naples Area Board of REALTORS®

APN: 02581080000