NOT LISTED FOR SALE

Estimated Value: $5,695,000 - $7,950,000

5 Beds
5 Baths
6,824 Sq Ft
$1,032/Sq Ft Est. Value

Last Sold October 17, 2017

Last sale price $3,355,000 $492 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $40,018/month

157 Days on Market

About This Home

As of October 2017

Situated right in the sweet spot of Old Naples offering an easy walk to the beach, 3rd St, and 5th Avenue, this generous courtyard style home stands alone as the next best opportunity. Custom built residence is perched on a full sized 100 X 150 lot with rear alley access and offers 5 bedrooms plus an office, nearly 5,000 square feet under air, 3 car garage, and a westerly exposed heated pool and spa. Custom built with many upgrades including a gourmet kitchen with stainless appliances, elevated tray ceilings, fireplace, outdoor kitchen, and more. Perfect opportunity for someone wanting a newer home with modern amenities that is priced very close to land value.

Last Agent to Sell the Property

Rex Miller

William Raveis Real Estate Listed on: 05/08/2017

William Raveis Real Estate

Last Buyer's Agent

Rex Miller

William Raveis Real Estate Listed on: 05/08/2017

William Raveis Real Estate

Home Details

Home Type

  • Single Family

Year Built

  • 2001

Lot Details

  • 0.34

Parking

  • Deeded Parking

Home Design

  • Tile

Interior Spaces

  • 6,824 Sq Ft Home
  • 2-Story Property

Utilities

  • Central Heating and Cooling System

Home Details

Home Type

Single Family

Year Built

2001

Lot Details

0

Listing Details

  • Legal Description: NAPLES T 2 BLK 15 LOTS 19-21
  • Street View Param: 1$26.13986$-81.80491999999998$331.38$13.33$1.00$05SAaXC32ZwaxkoxsG8BOA
  • Building Design: Single Family
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 2001

Interior Features

  • Additional Rooms: Laundry in Residence, Screened Lanai/Porch, Den/Study
  • Bedroom Description: Master BR Ground
  • Bedrooms and Dens: 5+Den
  • Dining Room: Breakfast Bar, Breakfast Room, Living Dining
  • Equipment: Auto Garage Door, Cooktop, Dishwasher, Disposal, Double Oven, Dryer, Gas Grill, Microwave, Refrigerator, Refrigerator/Icemaker, Self Cleaning Oven, Smoke Detector, Washer
  • Floor Plan: Courtyard, Great Room
  • Flooring: Carpet, Tile
  • Interior Amenities: Built-In Cabinets, Cable Prewire, Closet Cabinets, Custom Mirrors, Fireplace, Laundry Tub, Smoke Detectors, Surround Sound Wired, Tray Ceiling, Volume Ceiling, Walk-In Closet, Window Coverings
  • Kitchen: Island
  • Primary Bathroom: Dual Sinks, Separate Tub And Shower
  • Furnished Description: Unfurnished
  • Price Per Sq Ft: 691.75
  • Total Floors: 2

Exterior Features

  • Construction: Concrete Block, Wood Frame
  • Exterior Features: Built In Grill, Courtyard, Outdoor Kitchen, Outdoor Shower, Patio
  • Exterior Finish: Stucco
  • Irrigation: Central
  • Private Pool: Below Ground, Concrete, Heated Electric, Pool Bath
  • Private Spa: Below Ground, Concrete, Heated Electric
  • Road: Alley, City Maintained, Paved Road
  • Storm Protection: Shutters Manual
  • Windows: Single Hung, Sliding
  • Roof: Tile

Garage/Parking

  • Garage Description: Attached
  • Garage Spaces: 3
  • Parking: Circle Drive, Driveway Paved, Paved Parking

Utilities

  • Security: Alarm, Entry Keypad
  • Sewer: Central
  • Water: Central
  • Cooling: Central Electric
  • Heat: Central Electric

Condo/Co-op/Association

  • Amenities: Underground Utility
  • Restrictions: Deeded
  • Sub Condo Name: OLDE NAPLES

Association/Amenities

  • Units in Building: 1
  • Pets: No Approval Needed
  • Development: Olde Naples

Schools

  • Elementary School: Lake Park Elementary
  • High School: Naples High School
  • Middle School: Gulfview Middle School

Lot Info

  • Lot Description: Regular
  • Rear Exposure: North
  • View: Landscaped Area
  • Lot Dimensions: 100 X 150
  • Section: 4
  • Total Area: 6824

Tax Info

  • Tax Description: City And County

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2017
Closed on
Oct 17, 2017
Sold by
159 6Th Avenue South Llc
Bought by
Misna Timothy M and Perisa Trust
Seller's Agent
Rex Miller
William Raveis Real Estate
Buyer's Agent
Rex Miller
William Raveis Real Estate
List Price
$3,595,000
Sold Price
$3,355,000
Premium/Discount to List
-$240,000
-6.68%
Current Estimated Value
$7,039,769

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,684,769
Avg. Annual Appreciation
9.44%

Purchase Details

Listed on
Oct 13, 2016
Closed on
Apr 19, 2017
Sold by
Musselamn Thomas A
Bought by
159 6Th Ave South Llc
Seller's Agent
Maria Eaton
Compass Florida LLC
Buyer's Agent
Marie Vaughan
Diversified Real Estate Group
List Price
$4,499,000
Sold Price
$3,150,000
Premium/Discount to List
-$1,349,000
-29.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.44%
Original Mortgage
$2,450,000
Interest Rate
4.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 15, 2010
Sold by
Musselman Thomas
Bought by
Musselman Thomas A and Thomas A Musselman Sr Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,852,500
Interest Rate
4.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 28, 2005
Sold by
Conery Scott A and Conery Jennifer
Bought by
Musselman Thomas and Musselman Anabel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
5.54%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 9, 2001
Sold by
Staroste Carl H and Staroste Karl H
Bought by
Conery Scott A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
7.11%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Misna Timothy M $3,355,000 Attorney
159 6Th Ave South Llc $3,150,000 Attorney
Musselman Thomas A -- Heritage Title Services
Musselman Anabel $900,000 Bridgetrust Title Group
Musselman Thomas $3,850,000 Heritage Title
Conery Scott A $1,000,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 159 6Th Ave South Llc $2,450,000
Previous Owner Musselman Thomas A $1,852,500
Previous Owner Musselman Thomas $2,000,000
Previous Owner Conery Scott A $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/17/2017 10/17/17 Sold $3,355,000 -6.7% $492 / Sq Ft
10/12/2017 10/12/17 Pending -- -- --
05/08/2017 05/08/17 For Sale $3,595,000 +14.1% $527 / Sq Ft
04/19/2017 04/19/17 Sold $3,150,000 -17.1% $480 / Sq Ft View Prior Sale
04/11/2017 04/11/17 Pending -- -- --
03/24/2017 03/24/17 Price Changed $3,800,000 -5.0% $580 / Sq Ft
01/24/2017 01/24/17 Price Changed $3,998,000 -11.1% $610 / Sq Ft
10/13/2016 10/13/16 For Sale $4,499,000 -- $686 / 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 $38,483 $4,383,343 -- --
2024 $37,915 $4,259,809 -- --
2023 $37,915 $4,135,737 -- --
2022 $38,996 $4,015,279 $0 $0
2021 $39,611 $3,898,329 $3,031,393 $866,936
2020 $32,172 $3,106,705 $0 $0
2019 $28,986 $2,824,277 $2,221,560 $602,717
2018 $32,822 $3,203,941 $2,677,320 $526,621
2017 $25,672 $2,529,179 $0 $0
2016 $25,243 $2,477,159 $0 $0
2015 $25,771 $2,459,939 $0 $0
2014 $25,869 $2,390,416 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 217032294

Naples Area Board of REALTORS®

APN: 14008480003