NOT LISTED FOR SALE

140 Cypress Way E Unit 604 Naples, FL 34110

Palm River Estates Neighborhood

Estimated Value: $246,000 - $276,000

2 Beds
2 Baths
1,064 Sq Ft
$368/mo HOA Fee

Last Sold August 24, 2023

Last sale price $275,000 $258 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $1,916/month

Highlights

  • View of Trees or Woods
  • Clubhouse
  • Porch
  • Veterans Memorial Elementary School Rated A
  • Community Pool
  • Screened Patio

About This Home

As of August 2023

Recently updated in 2021, this two-bedroom, two-bathroom condo in the esteemed Naples Keep community in Palm River is replete with new features: brand-new PEX piping, a modern electrical panel, upgraded toilets, new exhaust fans, and a hard-wired hot water heater. Unfortunately, the owner must promptly relocate to be close to family, creating an urgent need to pass this gem onto a lucky new owner. The home is fully insurable and though in need of some aesthetic upgrades, it's a blank canvas just waiting for your personal touch. Don't miss this golden opportunity - we are open to negotiations!

Encompassing 1,064 square feet of convenient living space, this first-floor condo invites you in with its cozy atmosphere. Relax in your screened-in lanai, an ideal spot to savor your morning brew amidst the tranquility of your surroundings. Another striking feature of this condo is its prime location within the community, offering low HOA fees and a communal pool. Make your offer today!

Last Agent to Sell the Property

Wendy White

LPT Realty, LLC License #258005911 Listed on: 06/16/2023

LPT Realty, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,569

Year Built

  • Built in 1988

Lot Details

  • West Facing Home

HOA Fees

  • $368 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,064 Sq Ft Home
  • 1-Story Property
  • Double Hung Windows
  • Open Floorplan
  • Views of Woods

Kitchen

  • Breakfast Bar
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Screened Patio
  • Porch

Schools

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

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 604
  • Assessor Parcel Number 62015000884

Community Details

Overview

  • Association fees include management, insurance, irrigation water, ground maintenance, pest control, recreation facilities, reserve fund, road maintenance, sewer, street lights, trash, water
  • 88 Units
  • Association Phone (239) 591-4200
  • Low-Rise Condominium
  • Naples Keep Subdivision

Recreation

  • Community Pool

Pet Policy

  • Call for details about the types of pets allowed

Additional Features

  • Clubhouse
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,569

Year Built

Built in 1988

Lot Details

0

HOA Fees

$368 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Ownership: Condo
  • Subdivision Name: NAPLES KEEP
  • Architectural Style: Garden Home, Low Rise
  • Carport Y N: No
  • Entry Level: 1
  • Garage Yn: No
  • Structure Type: Low Rise
  • Year Built: 1988
  • ResoBuildingAreaSource: Appraiser
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour

Interior Features

  • Furnished: Unfurnished
  • Private Spa: No
  • Appliances: Cooktop, Dryer, Dishwasher, Disposal, Microwave, Range, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Carpet, Tile
  • Interior Amenities: Breakfast Bar, Bedroom on Main Level, Family/Dining Room, Living/Dining Room, Pantry, Shower Only, Separate Shower, Cable TV, Split Bedrooms
  • Living Area: 1064.0
  • Stories: 1
  • Window Features: Double Hung
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Lot Features: Rectangular Lot
  • Pool Features: Community
  • Pool Private: No
  • View: Landscaped, Trees/Woods
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: RV Restriction(s)
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: West
  • Exterior Features: Patio
  • Patio And Porch Features: Patio, Porch, Screened
  • Property Condition: Resale
  • Roof: Shingle

Utilities

  • Laundry Features: Inside
  • Security: Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Underground Utilities
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated, Street Lights
  • Amenities: Clubhouse, Pool, Sidewalks
  • Association #2 Fee: 1103.0
  • Association #2 Fee Frequency: Quarterly
  • Phone: 239-591-4200
  • Association: Yes
  • Pets Allowed: Call, Conditional
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Association Management, Insurance, Irrigation Water, Maintenance Grounds, Pest Control, Recreation Facilities, Reserve Fund, Road Maintenance, Sewer, Street Lights, Trash, Water

Schools

  • Elementary School: VETERANS MEMORIAL EL
  • High School: GULF COAST HIGH SCHOOL
  • Middle Or Junior School: NORTH NAPLES MIDDLE SCHOOL

Lot Info

  • Parcel #: 62015000884
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 88

Tax Info

  • Tax Annual Amount: 1569.23
  • Tax Lot: 604
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2023
Closed on
Aug 23, 2023
Sold by
Petrik Camille Janine
Bought by
Korbi Shpetim and Korbi Emigerta
Seller's Agent
Wendy White
LPT Realty, LLC
List Price
$287,000
Sold Price
$275,000
Premium/Discount to List
-$12,000
-4.18%
Views
72
Current Estimated Value
$259,389

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,611
Avg. Annual Appreciation
-2.66%
Original Mortgage
$220,000
Outstanding Balance
$215,384
Interest Rate
7.25%
Mortgage Type
New Conventional
Estimated Equity
$44,005

Purchase Details

Closed on
Oct 15, 2021
Sold by
Petrik Richard C
Bought by
Petrik Camille Janine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
2.3%

Purchase Details

Closed on
Aug 19, 2021
Sold by
Petrik Richard C and Estate Of Richard Petrik
Bought by
Petrik Richard C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
2.3%
Source: Public Records

Range of Values:

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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
Korbi Shpetim $275,000 Sunbelt Title
Korbi Shpetim $275,000 Sunbelt Title
Petrik Camille Janine $75,000 Attorney
Petrik Richard C -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Korbi Shpetim $220,000
Closed Korbi Shpetim $220,000
Previous Owner Petrik Camille Janine $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/24/2023 08/24/23 Sold $275,000 -2.5% $258 / Sq Ft
08/24/2023 08/24/23 Pending -- -- --
07/28/2023 07/28/23 Pending -- -- --
07/07/2023 07/07/23 Price Changed $282,000 -1.7% $265 / Sq Ft
07/03/2023 07/03/23 Price Changed $287,000 0.0% $270 / Sq Ft
07/03/2023 07/03/23 For Sale $287,000 -2.4% $270 / Sq Ft
06/24/2023 06/24/23 Price Changed $294,000 -1.7% $276 / Sq Ft
06/16/2023 06/16/23 For Sale $299,000 -- $281 / Sq Ft
Source: Florida Gulf Coast Multiple Listing Service

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 $2,119 $254,904 -- --
2024 $1,601 $247,720 -- $247,720
2023 $1,601 $193,437 $0 $0
2022 $1,569 $187,803 $0 $187,803
2021 $1,442 $127,800 $0 $0
2020 $1,340 $116,182 $0 $0
2019 $1,315 $105,620 $0 $0
2018 $1,207 $96,018 $0 $0
2017 $1,117 $87,289 $0 $0
2016 $1,019 $79,354 $0 $0
2015 $840 $72,140 $0 $0
2014 $770 $65,582 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Wendy White

    Seller's Agent in 2023

    Wendy White

    LPT Realty, LLC

    (239) 333-9267

    1 in this area

    26 Total Sales

    Wendy White
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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 223044945

Florida Gulf Coast Multiple Listing Service

APN: 62015000884

Florida Collier County Naples 34110 Palm River Estates

140 Cypress Way E Unit 604, Naples, FL

This home is located at 140 Cypress Way E Unit 604, Naples, FL 34110 since 16 June 2023 and is currently estimated at $259,389, approximately $243 per square foot. This property was built in 1988. 140 Cypress Way E Unit 604 is a home located in Collier County with nearby schools including Veterans Memorial Elementary School, North Naples Middle School, and Naples Christian Academy.

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Florida Gulf Coast Multiple Listing Service The information is being provided by Southwest Florida Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 Southwest Florida Multiple Listing Service. All Rights Reserved

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