NOT LISTED FOR SALE

Estimated Value: $383,000 - $554,000

5 Beds
3.5 Baths
2,050 Sq Ft
$238/Sq Ft Est. Value

Last Sold November 12, 2018

Last sale price $235,000 $115 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $2,967/month

Highlights

  • Tile Flooring
  • Central Heating and Cooling System
  • Fenced
  • Cape Elementary School Rated A-
  • Rectangular Lot
  • Wood Siding

About This Home

As of November 2018

GREAT RENTAL HISTORY! ALL Assessments Paid. Gross income of $22,500. Fully Rented to Long Term Tenants through August 2019 & October 2019 respectively. Located near Post Office, City Government Complex and Veterans Parkway and Pine Island Road for great access. Over size garage with each unit. This property has many recent updates to include New Roof in 2013, New A/C units in 2015 & 2016 respectively. Also, Recent kitchen updates, flooring and screened lanais in both units. Each unit has fenced yard. Washer/Dryer convey ONLY in Unit 1410, Tenants own washer/dryer in 1412. Please Do Not Disturb Tenants without a showing appointment. This is an Excellent Rental Property in an Excellent Area.

Last Agent to Sell the Property

James Opp

Royal Shell Real Estate, Inc. License #258008921 Listed on: 11/12/2018

Royal Shell Real Estate, Inc.

Co-Listed By

Rosemarie Maatsch

Royal Shell Real Estate, Inc. License #252010398

Last Buyer's Agent

Christina Porter

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,427

Year Built

  • Built in 1982

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 80 x 125 x 80 x 125
  • Fenced
  • Rectangular Lot

Home Design

  • Duplex
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2,050 Sq Ft Home
  • Casement Windows
  • Tile Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms

Utilities

  • Central Heating and Cooling System
  • Sewer Assessments

Listing and Financial Details

  • Tenant pays for application fee, cable TV, departure cleaning, electricity, internet, pest control, pet deposit, water
  • Legal Lot and Block 44 / 1039
  • Assessor Parcel Number 24-44-23-C3-01039.0440

Community Details

Overview

  • 2 Units
  • Cape Coral Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Building Details

  • Operating Expense $6,175
  • Net Operating Income $16,325

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,427

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.23
  • Lot Size: 80 x 125 x 80 x 125
  • Co List Office Mls Id: PREFP9
  • Co List Office Phone: (239) 322-5680
  • Subdivision Name: CAPE CORAL
  • Directions: From Veterans turn North on Country Club to West on 14th Lane to North on 8th AVE is on the Left (West side of Street).
  • Architectural Style: Duplex
  • Structure Type: Duplex
  • Year Built: 1982
  • Property Sub Type Additional: Duplex
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Number Of Buildings: 1
  • Private Spa: No
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Flooring: Tile
  • Window Features: Casement Window(s)

Exterior Features

  • Lot Features: Rectangular Lot
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Frame, Wood Siding
  • Exterior Features: Fence
  • Property Condition: Resale
  • Roof: Shingle

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Assessment Paid
  • Water Source: Assessment Paid

Condo/Co-op/Association

  • Amenities: None
  • Pets Allowed: Call, Conditional

Lot Info

  • Parcel #: 24-44-23-C3-01039.0440
  • Zoning Description: R3-D
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Application Fee, Cable TV, Departure Cleaning, Electricity, Internet, Pest Control, Pet Deposit, Water

Multi Family

  • Number Of Units Total: 2
  • Property Net Operating Income: 16325.0
  • Annual Operating Expense: 6175.0

Tax Info

  • Tax Annual Amount: 3427.0
  • Tax Block: 1039
  • Tax Lot: 44
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2018
Closed on
Dec 5, 2018
Sold by
Smilanich Dick and Smilanich Sandra
Bought by
Jlb 777 Realty Llc
Seller's Agent
James Opp
Royal Shell Real Estate, Inc.
Buyer's Agent
Christina Porter
List Price
$240,000
Sold Price
$235,000
Premium/Discount to List
-$5,000
-2.08%
Current Estimated Value
$488,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$253,000
Avg. Annual Appreciation
10.73%

Purchase Details

Closed on
Oct 30, 2013
Sold by
Florida Cash Flow Real Estate Llc
Bought by
Smilanich Dick and Smilanich Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.52%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 19, 2011
Sold by
Clapp Caitlin J
Bought by
Florida Cash Flow Real Estate Llc

Purchase Details

Closed on
Dec 13, 2010
Sold by
Art Intellect Inc
Bought by
Clapp Caitlin J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,500
Interest Rate
4.18%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 7, 2010
Sold by
Wells Fargo Bank Na
Bought by
Art Intellect Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
4.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 8, 2008
Sold by
Spencer Karl
Bought by
Wells Fargo

Purchase Details

Closed on
Jun 30, 2006
Sold by
Knepp Jack W and Knepp Beth A
Bought by
Spencer Karl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
6.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 20, 2004
Sold by
Baptiste J Baron and Taylor Michael J
Bought by
Knepp Jack W and Knepp Beth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,299
Interest Rate
5.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 19, 1997
Sold by
Guirguis Sam and Guirguis Samual
Bought by
Baptiste J Baron and Taylor Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,200
Interest Rate
7.23%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Jlb 777 Realty Llc $235,000 Assured Title Services Llc
Smilanich Dick $165,000 Patriot Title Services Llc
Florida Cash Flow Real Estate Llc $70,000 None Available
Clapp Caitlin J $70,000 Classic Title Services Inc
Art Intellect Inc $65,100 Attorney
Wells Fargo -- None Available
Spencer Karl $320,000 First Priority Title Llc
Knepp Jack W $184,800 First American Title Ins Co
Baptiste J Baron $96,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Smilanich Dick $100,000
Previous Owner Clapp Caitlin J $52,500
Previous Owner Art Intellect Inc $40,000
Previous Owner Spencer Karl $64,000
Previous Owner Spencer Karl $256,000
Previous Owner Knepp Jack $80,000
Previous Owner Knepp Jack W $166,299
Previous Owner Baptiste J Baron $105,000
Previous Owner Baptiste J Baron $77,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2018 11/12/18 Sold $235,000 -2.1% $115 / Sq Ft
11/12/2018 11/12/18 For Sale $240,000 -- $117 / 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
2024 $4,399 $217,328 -- --
2023 $4,399 $197,571 $87,045 $109,460
2022 $4,437 $192,488 $0 $0
2021 $3,955 $175,374 $41,956 $133,418
2020 $3,754 $159,081 $31,000 $128,081
2019 $3,565 $151,001 $29,000 $122,001
2018 $3,575 $153,418 $26,000 $127,418
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 218074703

Florida Gulf Coast Multiple Listing Service

APN: 24-44-23-C3-01039.0440