138 Cypress Way E Unit 6 Naples, FL 34110
Palm River Estates Neighborhood
2
Beds
2
Baths
1,064
Sq Ft
$407/mo
HOA Fee
Highlights
- Views of Preserve
- Great Room
- Community Pool
- Veterans Memorial Elementary School Rated A
- Screened Porch
- Tray Ceiling
About This Home
As of November 2024HUGE price reduction for a quick sale! Here is your chance to own one of the best values in North Naples! Nestled in a prime location WEST of I-75 and Airport Rd. INVESTOR ALERT - Super low condo fees with community pool and pet friendly make this a great investment rental option. Situated on a quiet Western facing lot, this top-floor unit features 2 bedrooms and 2 full bathrooms. Recent updates include new tile flooring and paint throughout, newer A/C and hot water heater, plantation shutters on all windows, completely renovated kitchen and 2021 ROOF!! As soon as you enter, you are greeted with the bright and open kitchen with recently installed quartz countertops, WOOD shaker-style cabinets, stainless steel appliances, LED recessed lighting, tile backsplash and shiplap ceiling detail. The master bedroom features its own ensuite bathroom and walk-in closet with built-in shelving. The spacious laundry room is fitted with a newer washer and dryer. Assigned parking is conveniently located at the base of the stairs, with ample guest parking available. Located in the highly sought-after Palm River area, Naples Keep is a hidden gem. Enjoy the convenience of being directly across the street from the newly renovated Green Tree Plaza, offering dining, shopping and fitness options within walking distance. Additional nearby conveniences include Publix, Mercato, Whole Foods, Trader Joe's, and Seed to Table, all within 2-3 miles. Easy access to I-75, just 2.5 miles to the east.
Last Agent to Sell the Property
Downing Frye Realty Inc. License #NAPLES-249526540 Listed on: 08/09/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,305
Year Built
- Built in 1988
HOA Fees
- $407 Monthly HOA Fees
Home Design
- Concrete Block With Brick
- Shingle Roof
- Stucco
Interior Spaces
- 1,064 Sq Ft Home
- 1-Story Property
- Tray Ceiling
- Single Hung Windows
- Sliding Windows
- Great Room
- Family or Dining Combination
- Screened Porch
- Tile Flooring
- Views of Preserve
Kitchen
- Breakfast Bar
- Range
- Microwave
- 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
Parking
- 1 Parking Garage Space
- Paved Parking
- Guest Parking
- Deeded Parking
Utilities
- Central Heating and Cooling System
- Cable TV Available
Additional Features
- Patio
- West Facing Home
Listing and Financial Details
- Assessor Parcel Number 62015000606
- $500 Seller Concession
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
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 9, 2024
Closed on
Nov 22, 2024
Sold by
Fedorchak Henry T
Bought by
Bassett Peter and Bassett Van Wyk
Seller's Agent
Bryan Brax
Downing Frye Realty Inc.
Buyer's Agent
Lisa Casarella
Downing Frye Realty Inc.
List Price
$325,000
Sold Price
$285,000
Premium/Discount to List
-$40,000
-12.31%
Views
19
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,694
Avg. Annual Appreciation
-0.82%
Original Mortgage
$256,500
Outstanding Balance
$255,554
Interest Rate
6.44%
Mortgage Type
New Conventional
Estimated Equity
$27,947
Purchase Details
Closed on
Apr 9, 2021
Sold by
Saunders Gordon Neill and Saunders Isabel Champion
Bought by
Fedorchak Henry T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
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
Similar Homes in Naples, FL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $285,000 | Ross Title | |
| Warranty Deed | $285,000 | Ross Title | |
| Warranty Deed | $155,000 | Title Specialists Of Gulf Co | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $55,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $256,500 | New Conventional | |
| Closed | $256,500 | New Conventional | |
| Previous Owner | $135,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/22/2024 11/22/24 | Sold | $285,000 | -4.7% | $268 / Sq Ft |
| 10/23/2024 10/23/24 | Pending | -- | -- | -- |
| 09/08/2024 09/08/24 | Price Changed | $299,000 | -2.0% | $281 / Sq Ft |
| 09/04/2024 09/04/24 | Price Changed | $305,000 | -3.2% | $287 / Sq Ft |
| 08/21/2024 08/21/24 | Price Changed | $315,000 | -3.1% | $296 / Sq Ft |
| 08/09/2024 08/09/24 | For Sale | $325,000 | -- | $305 / Sq Ft |
Source: Naples Area Board of REALTORS®
Tax History Compared to Growth
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 | $2,305 | $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
-
Bryan Brax
Seller's Agent in 2024
Bryan Brax
Downing Frye Realty Inc.
(239) 961-9618
1 in this area
50 Total Sales
-
Lisa Casarella
Buyer's Agent in 2024
Lisa Casarella
Downing Frye Realty Inc.
(239) 300-1226
3 in this area
35 Total Sales
Map
Source: Naples Area Board of REALTORS®
MLS Number: 224065695
APN: 62015000606
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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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