NOT LISTED FOR SALE

136 Cypress Way E Unit 505 Naples, FL 34110

Palm River Estates Neighborhood

Estimated Value: $274,000 - $298,000

2 Beds
2 Baths
1,064 Sq Ft
$369/mo HOA Fee

Last Sold September 21, 2023

Last sale price $375,000 $352 Per Sq Ft

Est. 24% decrease in value since last sale

Current estimated payment $2,182/month

46 Days on Market

Highlights

  • 24-Hour Guard
  • Views of Preserve
  • Community Pool
  • Veterans Memorial Elementary School Rated A
  • End Unit
  • Screened Balcony

About This Home

As of September 2023

Newly renovated second floor corner unit, two bedroom, two bathroom condo for sale in the highly sought-after community of Palm River in North Naples! This condo is sure to captivate with its stunning modern features. Step inside and be greeted by luxury with beautiful quartz countertops, shaker style cabinetry, built-in entryway bar, built-in pantry shelving, spacious laundry room and stunning wood like porcelain tile flooring. The whole condo is equipped with modern, shaker style 2-panel doors, upgraded high molding and impact resistant PGT windows with plantation shutters for window coverings. Enhancing the overall aesthetics, this condo has beautifully done board and batten accent walls. The master bedroom is spacious with a walk-in, custom built-in closet and both bathrooms are beautifully updated with marble like finishes all around. The kitchen, living and dining area is a great open concept for entertaining and leads into the screened-in balcony with a relaxing, private view of the quiet preserve. This family friendly community offers access to an array of amenities, including a community pool, local parks, walking trails, and recreational facilities. With its convenient location in North Naples, you'll have easy access to shopping, dining, entertainment, and beaches only 5 minutes away. Don’t miss out on this opportunity to own a condo in Palm River!

Last Agent to Sell the Property

Alexa Cambria

The Agency Naples License #NAPLES-249530658 Listed on: 07/06/2023

The Agency Naples

Last Buyer's Agent

Michael Wittmann

Realty Group of SW Florida Inc License #FORT-258017748

Realty Group of SW Florida Inc

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,023

Year Built

  • Built in 1988

Lot Details

  • End Unit
  • East Facing Home

HOA Fees

  • $369 Monthly HOA Fees

Home Design

  • Garden Apartment
  • Concrete Block With Brick
  • Poured Concrete
  • Tile

Interior Spaces

  • 1,064 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Corner Fireplace
  • Combination Dining and Living Room
  • Tile Flooring
  • Views of Preserve

Kitchen

  • Eat-In Kitchen
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms
  • Shower Only

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Parking

  • 1 Parking Garage Space
  • Common or Shared Parking
  • Deeded Parking

Outdoor Features

  • Screened Balcony
  • Patio

Schools

  • Veterans Memorial El Elementary School
  • North Naples Middle School
  • Gulf Coast High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 62015000745

Community Details

Overview

  • 8 Units
  • Low-Rise Condominium
  • Naples Keep Condos
  • Palm River Community

Recreation

  • Community Pool

Pet Policy

  • Pets up to 25 lbs
  • Call for details about the types of pets allowed
  • 1 Pet Allowed

Security

  • 24-Hour Guard
  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,023

Year Built

Built in 1988

Lot Details

0

HOA Fees

$369 per month

Listing Details

  • Legal Description: NAPLES KEEP A CONDOMINIUM UNIT 505
  • Property Type: Residential
  • Table: Residential
  • Street View Param: 1$26.27414694297398$-81.76982215581319$334.88$13.33$1.00$QgJ4Y-m4D84FKM9N1B4gYQ
  • Building Design: Low Rise (1-3)
  • Building Description: Corner, End-Unit, Garden Apt
  • Storm Protection: Impact Resistant Doors
  • Year Built: 1988
  • Directions: Intersection of Airport Road and Immokalee Road (across from the Sam's Club) Turn left onto Piper Blvd and then right onto Cypress Way E. Make another right in Naples Keep and go straight ahead to building 136.Condo is unit #5. Park in guest parking.
  • Property Information: Newly renovated second floor corner unit, two bedroom, two bathroom condo for sale in the highly sought-after community of Palm River in North Naples! This condo is sure to captivate with its stunning modern features. Step inside and be greeted by luxury with beautiful quartz countertops, shaker style cabinetry, built-in entryway bar, built-in pantry shelving, spacious laundry room and stunning wood like porcelain tile flooring. The whole condo is equipped with modern, shaker style 2-panel doors, upgraded high molding and impact resistant PGT windows with plantation shutters for window coverings. Enhancing the overall aesthetics, this condo has beautifully done board and batten accent walls. The master bedroom is spacious with a walk-in, custom built-in closet and both bathrooms are beautifully updated with marble like finishes all around. The kitchen, living and dining area is a great open concept for entertaining and leads into the screened-in balcony with a relaxing, private view of the quiet preserve. This family friendly community offers access to an array of amenities, including a community pool, local parks, walking trails, and recreational facilities. With its convenient location in North Naples, you'll have easy access to shopping, dining, entertainment, and beaches only 5 minutes away. Don’t miss out on this opportunity to own a condo in Palm River!
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Furnished Description: Unfurnished
  • Num Unit Floor: 2
  • Price Per Sq Ft: 352.44
  • Total Floors: 1
  • Additional Rooms: Balcony, Laundry in Residence, Screened Balcony
  • Estimated Living Area: 1064
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Bedroom Description: Split Bedrooms
  • Bedrooms: 2 Bed
  • Total Bedrooms: 2
  • Dining Room: Living Dining, Eat-in Kitchen
  • Equipment: Cooktop - Electric, Dishwasher, Disposal, Dryer, Microwave, Refrigerator/Freezer, Refrigerator/Icemaker, Smoke Detector, Washer
  • Flooring: Tile
  • Floor Plan: Split Bedrooms
  • Interior Amenities: Built-In Cabinets, Cable Prewire, Fire Sprinkler, Internet Available, Pantry, Smoke Detectors, Walk-In Closet, Window Coverings
  • Kitchen: Island, Pantry
  • Primary Bathroom: Shower Only
  • Windows: Impact Resistant

Exterior Features

  • Gulf Access: No
  • Private Pool: No
  • Private Spa: No
  • Roof: Tile
  • Construction: Concrete Block, Poured Concrete
  • Irrigation: Central
  • View: Preserve
  • Exterior Features: Patio
  • Exterior Finish: Other

Garage/Parking

  • Parking: 1 Assigned, Common

Utilities

  • Cable Available: Yes
  • Cooling: Ceiling Fans, Central Electric
  • Heat: Central Electric
  • Security: Patrolled
  • Sewer: Central
  • Water: Central

Condo/Co-op/Association

  • Management Company Phone: 239-591-4200
  • Approval: Application Fee
  • Management: Condo
  • Mandatory HOA: Yes
  • Restrictions: Deeded, No Commercial
  • Sub Condo Name: NAPLES KEEP
  • Condo Fees: 1106.95
  • Condo Fee Frequency: Quarterly
  • Maintenance: Irrigation Water, Lawn/Land Maintenance, Legal/Accounting, Pest Control Exterior, Recreational Facilities, Reserve, Sewer, Street Lights, Street Maintenance, Trash Removal, Water
  • Development Name: PALM RIVER

Association/Amenities

  • Pets: Limits
  • Pets Limit Max Number: 1
  • Pets Limit Max Weight: 25
  • Development: Palm River
  • Amenities: Community Pool, Community Room, Sidewalk, Streetlight
  • Community Type: Non-Gated
  • Units In Building: 8
  • Total Number of Units: 100

Schools

  • Elementary School: VETERANS MEMORIAL EL
  • Middle School: NORTH NAPLES MIDDLE SCHOOL
  • High School: GULF COAST HIGH SCHOOL
  • Elementary School: Veterans Memorial El
  • High School: Gulf Coast High School
  • Middle School: North Naples Middle School

Lot Info

  • Builder Product: Yes
  • Lot Unit: 505
  • Section: 23
  • Total Area: 1115
  • Waterfront: No
  • Rear Exposure: East
  • Lot Description: Corner
  • Parcel Number: 62015000745

Rental Info

  • Lease Limits: Yes
  • Leases Per Year: 3
  • Min Days Of Lease: 30

Tax Info

  • Tax Description: City And County
  • Taxes: 2023.34
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2023
Closed on
Oct 24, 2023
Sold by
Hackerman Adele Artis
Bought by
Hackerman
Seller's Agent
Alexa Cambria
The Agency Naples
Buyer's Agent
Michael Wittmann
Realty Group of SW Florida Inc
List Price
$399,999
Sold Price
$375,000
Premium/Discount to List
-$24,999
-6.25%
Total Days on Market
46
Views
131
Current Estimated Value
$286,119

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$88,881
Avg. Annual Appreciation
-14.55%

Purchase Details

Listed on
Jul 6, 2023
Closed on
Sep 21, 2023
Sold by
Cambria Alexa Z
Bought by
Hackerman Adele Artis
Seller's Agent
Alexa Cambria
The Agency Naples
Buyer's Agent
Michael Wittmann
Realty Group of SW Florida Inc
List Price
$399,999
Sold Price
$375,000
Premium/Discount to List
-$24,999
-6.25%
Views
131

Purchase Details

Listed on
Mar 13, 2022
Closed on
May 2, 2022
Sold by
Digiovanna Joseph Salvatore and Digiovanna Romina
Bought by
Cambria Alexa Z
Seller's Agent
Tess Skocik
REMAX Affinity Mercato
Buyer's Agent
Brian Ohlis
Sun Realty
List Price
$350,000
Sold Price
$330,000
Premium/Discount to List
-$20,000
-5.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.56%
Original Mortgage
$243,750
Interest Rate
4.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 28, 2021
Sold by
Sgarlato Michael
Bought by
Digiovanna Joseph Salvatore and Digiovanna Romina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,250
Interest Rate
3.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 2014
Sold by
Sgarlato Dorothy
Bought by
Sgarlato Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
1%
Mortgage Type
Seller Take Back
Source: Public Records

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Range of Values:

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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
Hackerman -- None Listed On Document
Adele A Hackerman Living Trust -- None Listed On Document
Hackerman Adele Artis $375,000 First American Title Insurance
Cambria Alexa Z $330,000 Legacy Title
Digiovanna Joseph Salvatore $205,000 Omega National Title Agency
Sgarlato Michael $60,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cambria Alexa Z $243,750
Previous Owner Digiovanna Joseph Salvatore $174,250
Previous Owner Sgarlato Michael $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2023 09/21/23 Sold $375,000 -2.6% $352 / Sq Ft
08/21/2023 08/21/23 Pending -- -- --
07/24/2023 07/24/23 Price Changed $385,000 -3.7% $362 / Sq Ft
07/06/2023 07/06/23 For Sale $399,999 +21.2% $376 / Sq Ft
04/27/2022 04/27/22 Sold $330,000 -1.2% $310 / Sq Ft
04/04/2022 04/04/22 Pending -- -- --
04/01/2022 04/01/22 Price Changed $333,999 0.0% $314 / Sq Ft
03/24/2022 03/24/22 Price Changed $334,000 -4.6% $314 / Sq Ft
03/13/2022 03/13/22 For Sale $350,000 0.0% $329 / Sq Ft
04/22/2021 04/22/21 Rented -- -- --
03/23/2021 03/23/21 Under Contract -- -- --
02/19/2021 02/19/21 For Rent $1,350 -3.6% --
03/16/2018 03/16/18 For Rent $1,400 +3.7% --
03/16/2018 03/16/18 Rented -- -- --
12/27/2017 12/27/17 Rented -- -- --
11/27/2017 11/27/17 Under Contract -- -- --
11/21/2017 11/21/17 For Rent $1,350 -- --
11/30/2016 11/30/16 Rented -- -- --
10/31/2016 10/31/16 Under Contract -- -- --
08/02/2016 08/02/16 For Rent -- -- --
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
2023 $2,556 $245,400 $0 $245,400
2022 $2,023 $191,268 $0 $191,268
2021 $1,481 $132,516 $0 $0
2020 $1,375 $120,469 $0 $0
2019 $1,348 $109,517 $0 $0
2018 $1,238 $99,561 $0 $0
2017 $1,147 $90,510 $0 $0
2016 $1,046 $82,282 $0 $0
2015 $866 $74,802 $0 $0
2014 $795 $68,002 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 223049128

Naples Area Board of REALTORS®

APN: 62015000745