NOT LISTED FOR SALE

1623 40th Terrace SW Naples, FL 34116

Estimated Value: $632,000 - $695,000

6 Beds
6 Baths
-- Sq Ft
10,019 Sq Ft Lot

Last Sold March 25, 2025

Last sale price $660,000

Est. 1% decrease in value since last sale

Current estimated payment $3,876/month

104 Days on Market

Highlights

  • Concrete Block With Brick
  • Tile Flooring
  • Central Heating and Cooling System

About This Home

As of March 2025

Rarely available CBS triplex with two bedroom two bath units individually metered for city water and sewer. Interior laundry/ storage room, split bedrooms, walk-in coset in master, screened lanais, exterior painted 9/2024. Unit B is being remodeled. Fully leased with great rental history, has been professionally managed and maintained

Last Agent to Sell the Property

Woody Woodruff

Premiere Plus Realty Company Listed on: 11/21/2024

Premiere Plus Realty Company

Last Buyer's Agent

Woody Woodruff

Premiere Plus Realty Company Listed on: 11/21/2024

Premiere Plus Realty Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,659

Year Built

  • Built in 1985

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions: 80

Home Design

  • Triplex
  • Concrete Block With Brick
  • Shingle Roof
  • Stucco

Interior Spaces

  • Single Hung Windows
  • Tile Flooring

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Full Bathrooms

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for full electric, sewer, water
  • Assessor Parcel Number 35777280005
  • Tax Block 72

Community Details

Overview

  • 3 Units
  • Golden Gate City Condos
  • Golden Gate City Community

Pet Policy

  • Call for details about the types of pets allowed

Building Details

  • Operating Expense $8,000
  • Net Operating Income $41,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,659

Year Built

Built in 1985

Lot Details

10,019 Sq Ft Lot

Listing Details

  • Legal Description: GOLDEN GATE UNIT 2 BLK 72 LOT 13
  • Property Type: Residential Income
  • Table: Residential Income
  • Street View Param: 1$26.198011$-81.688877$166.44$13.33$1.00$9oETKT1B_HVCv9D7pBnKjA
  • Building Design: Triplex
  • Building Description: Other
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 6
  • Total Bathrooms: 6.00
  • Total Bedrooms: 6
  • Flooring: Tile
  • Windows: Single Hung

Exterior Features

  • Gulf Access: No
  • Private Pool: No
  • Private Spa: No
  • Roof: Shingle
  • Construction: Concrete Block
  • Road: County Maintained
  • Exterior Finish: Stucco

Utilities

  • Cable Available: Yes
  • Cooling: Central Electric
  • Heat: Central Electric
  • Sewer: Central
  • Water: Central

Association/Amenities

  • Pets: With Approval
  • Development: Golden Gate City
  • Community Type: Non-Gated
  • Units In Building: 3

Condo/Co-op/Association

  • Sub Condo Name: GOLDEN GATE CITY
  • Development Name: GOLDEN GATE CITY

Lot Info

  • Section: 22
  • Waterfront: No
  • Zoning Code: rmf-12
  • Acres: 0.2300
  • Lot Description: Regular
  • Lot Dimensions: 80 X 125
  • Parcel Number: 35777280005

Rental Info

  • Tenant Pays: Full Electric, Sewer, Water

Tax Info

  • Tax Description: County Only
  • Taxes: 4659.24
  • Tax Year: 2023

Multi Family

  • Gross Rental Income: 49200.00
  • Annual Expenses: 8000.00
  • Annual Net Operating Income: 41200.00
  • Total Buildings: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2024
Closed on
Mar 25, 2025
Sold by
40Th Terrace Sw Llc
Bought by
Juarez Aaron and Santiago Estela
Seller's Agent
Woody Woodruff
Premiere Plus Realty Company
Buyer's Agent
Woody Woodruff
Premiere Plus Realty Company
List Price
$750,000
Sold Price
$660,000
Premium/Discount to List
-$90,000
-12%
Views
50
Current Estimated Value
$656,480

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,520
Avg. Annual Appreciation
-0.53%

Purchase Details

Closed on
Apr 13, 2015
Sold by
Holzkamper Henry A and Holzkamper Jane E
Bought by
40Th Terrace Sw Llc

Purchase Details

Closed on
Apr 15, 1997
Sold by
Heym Robert A and Mertz Donale J
Bought by
Pfeuffer William A
Source: Public Records
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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
Juarez Aaron $660,000 None Listed On Document
40Th Terrace Sw Llc $133,879 Attorney
Pfeuffer William A $220,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/25/2025 03/25/25 Sold $660,000 -7.0% --
03/05/2025 03/05/25 Pending -- -- --
01/15/2025 01/15/25 Price Changed $710,000 -5.3% --
11/21/2024 11/21/24 For Sale $750,000 -- --
Source: Naples Area Board of REALTORS®

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 $4,708 $295,113 $130,000 $165,113
2024 $4,659 $351,168 -- --
2023 $4,659 $319,244 -- --
2022 $4,330 $290,222 $0 $0
2021 $4,134 $263,838 $0 $0
2020 $3,777 $239,853 $0 $0
2019 $3,318 $218,048 $84,072 $133,976
2018 $3,214 $206,903 $0 $0
2017 $2,938 $188,094 $42,036 $146,058
2016 $2,802 $182,335 $0 $0
2015 $2,358 $124,001 $0 $0
2014 $2,108 $112,728 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 224094628

Naples Area Board of REALTORS®

APN: 35777280005

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