NOT LISTED FOR SALE

138 Cypress Way E Unit 406 Naples, FL 34110

Palm River Estates Neighborhood

Estimated Value: $254,000 - $284,000

2 Beds
2 Baths
1,064 Sq Ft
$258/mo HOA Fee

Last Sold April 19, 2021

Last sale price $155,000 $146 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $1,871/month

58 Days on Market

Highlights

  • Views of Preserve
  • Wood Flooring
  • Screened Porch
  • Veterans Memorial Elementary School Rated A
  • Great Room
  • Community Pool

About This Home

As of April 2021

Highly desirable North Naples condo, located in a centrally located quiet community with low condo fees including water, sewer, pest control and exterior maintenance. Open floor plan with master bedroom featuring a walk-in closet & en suite master bath with shower. Relax on your screened lanai, go for a swim or sunbathe poolside at the community pool. Excellent schools located close to beaches, dining, shopping and I75. Tremendous value at an affordable price, will not last...

Last Agent to Sell the Property

Robert Vesci

John R Wood Properties Listed on: 01/04/2021

John R Wood Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,352

Year Built

  • Built in 1988

Lot Details

  • West Facing Home

HOA Fees

  • $258 Monthly HOA Fees

Home Design

  • Garden Apartment
  • Entry on the 2nd floor
  • Concrete Block With Brick
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,064 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Single Hung Windows
  • Sliding Windows
  • Great Room
  • Combination Dining and Living Room
  • Screened Porch
  • Views of Preserve

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms
  • Shower Only

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Parking

  • 1 Parking Garage Space
  • Paved Parking
  • Guest Parking

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 62015000606

Community Details

Overview

  • 8 Units
  • Low-Rise Condominium
  • Naples Keep Condos

Recreation

  • Community Pool

Pet Policy

  • Call for details about the types of pets allowed

Additional Features

  • Bike Room
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,352

Year Built

Built in 1988

Lot Details

0

HOA Fees

$258 per month

Listing Details

  • Legal Description: NAPLES KEEP A CONDOMINIUM UNIT 406
  • Property Type: Residential
  • Table: Residential
  • Street View Param: 1$26.2756248598773$-81.7713410360154$89.91$13.33$1.00$wNRiMBukPlrqBjKVrewcow
  • Building Design: Low Rise (1-3)
  • Building Description: Garden Apt
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Furnished Description: Unfurnished
  • Num Unit Floor: 2
  • Price Per Sq Ft: 145.68
  • Total Floors: 1
  • Room Count: 6
  • Additional Rooms: Great Room, Guest Bath, Guest Room, Laundry in Residence, Screened Lanai/Porch
  • 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
  • Equipment: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Smoke Detector, Washer
  • Flooring: Tile, Wood
  • Floor Plan: Great Room, Split Bedrooms
  • Interior Amenities: Cable Prewire, Foyer, Smoke Detectors
  • Kitchen: Pantry
  • Primary Bathroom: Shower Only
  • Windows: Single Hung, Sliding

Exterior Features

  • Gulf Access: No
  • Private Pool: No
  • Private Spa: No
  • Roof: Shingle
  • Construction: Concrete Block
  • Road: Paved Road
  • View: Preserve
  • Exterior Finish: Vinyl Siding

Garage/Parking

  • Parking: 1 Assigned, Guest, Paved Parking

Utilities

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

Condo/Co-op/Association

  • Management Company Phone: 239-596-7200
  • Approval: Application Fee
  • Management: Professional
  • Mandatory HOA: No
  • Restrictions: No Commercial, No RV
  • Sub Condo Name: NAPLES KEEP
  • Condo Fees: 775
  • Condo Fee Frequency: Quarterly
  • Maintenance: Insurance, Irrigation Water, Lawn/Land Maintenance, Manager, Pest Control Exterior, Recreational Facilities, Trash Removal, Water

Association/Amenities

  • Pets: With Approval
  • Development: Palm River
  • Amenities: Bike Storage, Community Pool
  • Community Type: Non-Gated
  • Units In Building: 8
  • Total Number of Units: 100

Fee Information

  • Application Fee: 100.00

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: No
  • Lot Unit: 406
  • Section: 23
  • Total Area: 1155
  • Waterfront: No
  • Rear Exposure: West
  • Lot Description: Zero Lot Line
  • Parcel Number: 62015000606

Rental Info

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

Tax Info

  • Tax Description: County Only, No Homestead
  • Taxes: 1352.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 22, 2024
Sold by
Fedorchak Henry T
Bought by
Bassett Peter and Bassett Van Wyk
Current Estimated Value
$267,194

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,500
Outstanding Balance
$254,097
Interest Rate
6.44%
Mortgage Type
New Conventional
Estimated Equity
$13,097

Purchase Details

Listed on
Jan 4, 2021
Closed on
Apr 9, 2021
Sold by
Saunders Gordon Neill and Saunders Isabel Champion
Bought by
Fedorchak Henry T
Seller's Agent
Robert Vesci
John R Wood Properties
List Price
$159,900
Sold Price
$155,000
Premium/Discount to List
-$4,900
-3.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.83%
Original Mortgage
$135,000
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 4, 2012
Sold by
Saunders Gordon Neill and Saunders Isabel Champion
Bought by
Saunders Gordon Neil and Saunders Isabel Champion

Purchase Details

Closed on
Oct 24, 1994
Sold by
Sullivan Margaret A
Bought by
Saunders Gordon and Saunders Isabel
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
Bassett Peter $285,000 Ross Title
Bassett Peter $285,000 Ross Title
Bassett Peter $285,000 Ross Title
Fedorchak Henry T $155,000 Title Specialists Of Gulf Co
Saunders Gordon Neil -- None Available
Saunders Gordon $55,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bassett Peter $256,500
Closed Bassett Peter $256,500
Previous Owner Fedorchak Henry T $135,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/19/2021 04/19/21 Sold $155,000 -3.1% $146 / Sq Ft
03/03/2021 03/03/21 Pending -- -- --
01/04/2021 01/04/21 For Sale $159,900 -- $150 / 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 $2,400 $258,360 -- $258,360
2024 $2,305 $227,241 -- --
2023 $2,305 $206,583 $0 $0
2022 $1,987 $187,803 $0 $187,803
2021 $1,457 $130,159 $0 $0
2020 $1,352 $118,326 $0 $0
2019 $1,327 $107,569 $0 $0
2018 $1,218 $97,790 $0 $0
2017 $1,127 $88,900 $0 $0
2016 $1,027 $80,818 $0 $0
2015 $848 $73,471 $0 $0
2014 $777 $66,792 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Robert Vesci

    Seller's Agent in 2021

    Robert Vesci

    John R. Wood Properties

    (239) 450-7575

    2 in this area

    49 Total Sales

    Robert Vesci
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Map

Source: Naples Area Board of REALTORS®

MLS Number: 221008853

Naples Area Board of REALTORS®

APN: 62015000606

Florida Collier County Naples 34110 Palm River Estates

138 Cypress Way E Unit 406, Naples, FL

This home is located at 138 Cypress Way E Unit 406, Naples, FL 34110 since 04 January 2021 and is currently estimated at $267,194, approximately $251 per square foot. This property was built in 1988. 138 Cypress Way E Unit 406 is a home located in Collier County with nearby schools including Veterans Memorial Elementary School, North Naples Middle School, and Naples Christian Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Naples Area Board of REALTORS® The source of this real property information is the copyrighted and proprietary database compilation of the M.L.S. of Naples, Inc. Copyright 2025 M.L.S. of Naples, Inc. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.

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