NOT LISTED FOR SALE

Estimated Value: $1,911,000 - $3,534,000

10 Beds
8 Baths
5,536 Sq Ft
$460/Sq Ft Est. Value

Last Sold June 08, 2016

Last sale price $2,490,000 $450 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $15,850/month

43 Days on Market

About This Home

As of June 2016

Impeccably well maintained two story duplexes on two 45' lots in the heart of Naples with 2nd street shops and restaurants just around the corner. This building 150-152 is being sold with 154-156 N Loreta Walk for the listed price. Exceptionally large units upgraded with granite counters newer kitchen cabinets and rooftop decks. Town home style side by side two story units both with front street access to front door and front patios.

Last Agent to Sell the Property

Sydney Gielow

Coldwell Banker Realty License #00911960 Listed on: 04/13/2016

Coldwell Banker Realty

Last Buyer's Agent

Spencer Snyder

The Agency License #01912506

The Agency

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,804

Year Built

  • Built in 1929

Lot Details

  • 7,241 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • 5,536 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 5500
  • Assessor Parcel Number 7243011015

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $3,002
  • Pest Control $245
  • Professional Management Expense $6,623
  • Supplies Expense $294
  • Water Sewer Expense $1,450
  • New Taxes Expense $3,846
  • Gross Income $10,065
  • Net Operating Income $98,910

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,804

Year Built

Built in 1929

Lot Details

0

Parking

4

Listing Details

  • CapRate: 4.50
  • Professional Management Expense: 6623.00
  • Property Attached: Yes
  • Subdivision Name Other: Naples (NA)
  • Supplies Expense: 294.00
  • Water Sewer Expenses: 1450.00
  • Property Type: Residential Income
  • Parcel Number: 7243011015
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entry Location: Ground Level With Steps
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 449.78

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Sewer Connected
  • Pest Control Expense: 245.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Urban

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7241.00
  • Price Per Lot Square Foot: 343.88

Multi Family

  • Average2 Bed Area: 1285
  • Average3 Bed Area: 1530
  • Gross Income: 10065.00
  • Gross Scheduled Income: 120780.00
  • Insurance Expense: 3002.00
  • Net Operating Income: 98910.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 21870.00
  • Rent Control: No
  • Vacancy Allowance: 3

Tax Info

  • New Taxes Expense: 3846.00
  • Tax Lot: 4
  • Tax Tract Number: 5500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 30, 1998
Sold by
Work Cleo M
Bought by
Work Cleo Madison and Cleo Madison Work Family Trust
Total Days on Market
43
Current Estimated Value
$2,544,378
Source: Public Records

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Range of Values:

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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
Work Cleo Madison -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Work Cleo Madison $325,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/08/2016 06/08/16 Sold $2,490,000 -7.1% $450 / Sq Ft
05/26/2016 05/26/16 Pending -- -- --
04/13/2016 04/13/16 For Sale $2,680,000 -- $484 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $18,804 $1,469,295 $1,160,583 $308,712
2023 $18,495 $1,440,486 $1,137,827 $302,659
2022 $17,334 $1,412,242 $1,115,517 $296,725
2021 $17,012 $1,384,552 $1,093,645 $290,907
2019 $16,769 $1,343,488 $1,061,208 $282,280
2018 $16,329 $1,317,146 $1,040,400 $276,746
2016 $1,981 $139,211 $73,911 $65,300
2015 $1,910 $137,121 $72,801 $64,320
2014 $1,909 $134,436 $71,375 $63,061
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG16079424

California Regional Multiple Listing Service (CRMLS)

APN: 7243-011-015