NOT LISTED FOR SALE

Estimated Value: $621,000 - $986,049

6 Beds
4 Baths
-- Sq Ft
0.31 Acres

Last Sold August 30, 2019

Last sale price $490,000

Est. 72% increase in value since last sale

Current estimated payment $4,958/month

364 Days on Market

Highlights

  • End Unit
  • Storage
  • 1-Story Property
  • Sea Gate Elementary School Rated A
  • Tile Flooring
  • Central Heating and Cooling System

About This Home

As of August 2019

RARELY AVAILABLE... EACH UNIT OFFERS 3 BEDROOMS & 2 FULL BATHS. Investment opportunity in sought after Naples location between 41 and Goodlette Roads. NEWER SEPTIC, A/C SYSTEMS, KITCHENS, BATHS, fresh paint inside & out. Each unit is fully tiled, offering a great room with separate dining area, 3 BEDROOMS, 2 FULL BATHS, full size laundry inside each unit. There is a shortage of rentals in Naples, capitalize on the rental income of this property, EACH UNIT IS RENTED ANNUALLY FOR $1,800/MONTH X 2 = $3,600/TOTAL MONTHLY INCOME ($43,200 TOTAL ANNUAL INCOME). Location, Location, just minutes to beaches, shopping & restaurants, A+ school district Seagate, Pine Ridge Middle & Naples High. MOTIVATED SELLER SAYS LETS TALK!

Last Agent to Sell the Property

Jennifer DeFrancesco

Coldwell Banker Realty Listed on: 07/18/2018

Coldwell Banker Realty

Last Buyer's Agent

Sean Smuk

Coldwell Banker Realty License #NAPLES-249525667

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,639

Year Built

  • Built in 1990

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions: 131
  • End Unit
  • Sprinkler System

Home Design

  • Duplex
  • Wood Frame Construction
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1-Story Property
  • Single Hung Windows
  • Storage
  • Tile Flooring

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Central Heating and Cooling System
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for application fee, cable, departure cleaning, full electric, internet access, trash removal, water
  • Assessor Parcel Number 77411600006
  • Tax Block E

Community Details

Overview

  • 2 Units
  • Trail Terrace Condos

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $3,639
  • Net Operating Income $41,961

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,639

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Legal Description: TRAIL TERRACE BLK E LOTS 15 + 16 OR 1485 PG 67
  • Property Type: Residential Income
  • Table: Residential Income
  • Street View Param: 1$26.19556$-81.793589$343.44$13.33$1.00$c8wwgFBbfrO9DTfWp3A-sw
  • Building Design: Duplex
  • Building Description: 1 Story/Ranch, Duplex, End-Unit
  • Year Built: 1990
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 4
  • Total Bathrooms: 4.00
  • Total Bedrooms: 6
  • Flooring: Tile
  • Windows: Single Hung

Exterior Features

  • Gulf Access: No
  • Private Pool: No
  • Private Spa: No
  • Roof: Shingle
  • Construction: Wood Frame
  • Irrigation: Central
  • Exterior Features: Sprinkler Auto, Storage
  • Exterior Finish: Stucco

Utilities

  • Cable Available: Yes
  • Cooling: Central Electric
  • Heat: Central Electric
  • Sewer: Septic
  • Water: Central

Association/Amenities

  • Pets: No Approval Needed
  • Development: Trail Terrace
  • Community Type: Non-Gated
  • Units In Building: 2

Condo/Co-op/Association

  • Sub Condo Name: TRAIL TERRACE

Lot Info

  • Section: 22
  • Waterfront: No
  • Zoning Code: RMF-6
  • Acres: 0.3100
  • Lot Description: Regular
  • Lot Dimensions: 131 X 109
  • Parcel Number: 77411600006

Rental Info

  • Tenant Pays: Application Fee, Cable, Departure Cleaning, Full Electric, Internet Access, Trash Removal, Water

Tax Info

  • Tax Description: City And County
  • Taxes: 3639.32

Multi Family

  • Gross Operating Income: 45600.00
  • Gross Rental Income: 45600.00
  • Annual Expenses: 3639.00
  • Annual Net Operating Income: 41961.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2018
Closed on
Aug 30, 2019
Sold by
Azar Kayed
Bought by
Perez Luis and Perez Aubrey Lynne
Seller's Agent
Jennifer DeFrancesco
Coldwell Banker Realty
Buyer's Agent
Sean Smuk
Coldwell Banker Realty
List Price
$550,000
Sold Price
$490,000
Premium/Discount to List
-$60,000
-10.91%
Current Estimated Value
$845,012

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$355,012
Avg. Annual Appreciation
9.08%
Original Mortgage
$481,124
Outstanding Balance
$422,288
Interest Rate
3.7%
Mortgage Type
FHA
Estimated Equity
$422,724

Purchase Details

Closed on
Nov 6, 2013
Sold by
Azar Kayed
Bought by
Azar Kayed
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
Perez Luis $490,000 Attorney
Azar Kayed -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Perez Luis $481,124
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2019 08/30/19 Sold $490,000 -1.8% --
07/30/2019 07/30/19 Pending -- -- --
05/06/2019 05/06/19 Price Changed $499,000 -3.1% --
11/14/2018 11/14/18 Price Changed $515,000 -6.3% --
09/19/2018 09/19/18 Price Changed $549,900 0.0% --
07/31/2018 07/31/18 For Sale $550,000 -- --
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 $6,100 $582,298 -- --
2024 $5,920 $544,536 -- --
2023 $5,920 $502,654 $0 $0
2022 $5,519 $470,839 $0 $0
2021 $4,947 $441,512 $0 $0
2020 $4,543 $417,703 $199,200 $218,503
2019 $4,486 $301,160 $0 $0
2018 $3,923 $273,782 $0 $0
2017 $3,639 $248,893 $0 $0
2016 $3,328 $226,266 $0 $0
2015 $3,109 $205,696 $0 $0
2014 $2,759 $186,996 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 218048420

Naples Area Board of REALTORS®

APN: 77411600006