NOT LISTED FOR SALE

Estimated Value: $594,000 - $727,974

2 Beds
2 Baths
-- Sq Ft
0.3 Acres

Last Sold February 17, 2021

Last sale price $430,000

Est. 49% increase in value since last sale

Current estimated payment $3,834/month

7 Days on Market

Highlights

  • Patio
  • Tile Flooring
  • Central Heating and Cooling System
  • Veterans Memorial Elementary School Rated A

About This Home

As of February 2021

All information in this listing is believed to be correct but not guaranteed. Great investment opportunity. Duplex with 2 bed, 2 bath, den/loft in North Naples. Close to the beach, Mercato, NCH hospital and various stores and restaurants. Both sides are tenant occupied and are being well kept. Being sold AS-IS.

Last Agent to Sell the Property

Tamara Becker

Real Broker, LLC Listed on: 12/26/2020

Real Broker, LLC

Co-Listed By

Stefaan Bultinck

INACTIVE AGENT ACCT License #NAPLES-249513115

Last Buyer's Agent

Edward Culver

Realty One Group MVP

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,309

Year Built

  • Built in 1986

Lot Details

  • 0.3

Home Design

  • Duplex
  • Wood Frame Construction
  • Shingle Roof
  • Stucco

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Additional Features

  • Tile Flooring
  • Patio

Listing and Financial Details

  • Tenant pays for departure cleaning, full electric, full telephone, internet access, long distance telephone, water
  • Assessor Parcel Number 65370600007
  • Tax Block A

Community Details

Overview

  • 2 Units
  • Palm River Estates Condos

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,309

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Legal Description: PALM RIVER EST UNIT 4 BLK A LOT 15
  • Property Type: Residential Income
  • Table: Residential Income
  • Street View Param: 1$26.276802$-81.775898$281.47$13.33$1.00$bZDoMQdRp1uQQwPVYcQDWw
  • Building Design: Duplex
  • Building Description: Duplex
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 2
  • Flooring: Tile

Exterior Features

  • Gulf Access: No
  • Private Pool: No
  • Private Spa: No
  • Roof: Shingle
  • Construction: Wood Frame
  • Irrigation: Central
  • Exterior Features: Patio
  • Exterior Finish: Stucco

Utilities

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

Association/Amenities

  • Pets: No Approval Needed
  • Development: Palm River Estates
  • Community Type: Non-Gated
  • Units In Building: 2

Condo/Co-op/Association

  • Sub Condo Name: PALM RIVER ESTATES

Lot Info

  • Section: 23
  • Waterfront: No
  • Zoning Code: RMF-6
  • Lot Description: Regular
  • Parcel Number: 65370600007

Rental Info

  • Tenant Pays: Departure Cleaning, Full Electric, Full Telephone, Internet Access, Long Distance Telephone, Water

Tax Info

  • Tax Description: County Only
  • Taxes: 4309.00

Multi Family

  • Gross Rental Income: 35100.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 26, 2020
Closed on
Feb 17, 2021
Sold by
Bultinck Stefaan E and Stefaan Bultinck Revocable Tru
Bought by
Culver Edward John and Culver Edward J
Seller's Agent
Tamara Becker
Real Broker, LLC
Buyer's Agent
Edward Culver
Realty One Group MVP
List Price
$469,000
Sold Price
$430,000
Premium/Discount to List
-$39,000
-8.32%
Current Estimated Value
$641,244

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$211,244
Avg. Annual Appreciation
8.43%

Purchase Details

Closed on
Apr 30, 2013
Sold by
Vandievoet Jaime
Bought by
Bultinck Stefaan E

Purchase Details

Closed on
Nov 16, 2011
Sold by
Powers Alyssa
Bought by
Vandievoet Jaime

Purchase Details

Closed on
May 20, 2011
Sold by
Bultinck Stefaan E
Bought by
Powers Alyssa

Purchase Details

Closed on
Oct 5, 2009
Sold by
Bultinck Enterprises Inc
Bought by
Bultinck Stefaan E

Purchase Details

Closed on
Jun 30, 2005
Sold by
Morris Ronald E and Morris Joyce A
Bought by
Bultinck Enterprises Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Interest Rate
5.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 20, 1995
Sold by
Mckinney Robert C and Mckinney Virginia C
Bought by
Morris Ronald E and Morris Joyce A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
7.74%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Culver Edward John $430,000 Tropical Title
Bultinck Stefaan E -- Attorney
Vandievoet Jaime -- Attorney
Powers Alyssa $115,000 First Integrity Title Inc
Bultinck Stefaan E -- None Available
Bultinck Enterprises Inc $395,000 First Title & Abstract
Morris Ronald E $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bultinck Enterprises Inc $316,000
Previous Owner Morris Ronald E $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/17/2021 02/17/21 Sold $430,000 -8.3% --
01/02/2021 01/02/21 Pending -- -- --
12/26/2020 12/26/20 For Sale $469,000 -- --
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 $6,060 $565,244 -- --
2024 $6,130 $513,858 -- --
2023 $6,130 $467,144 $0 $0
2022 $4,954 $424,676 $297,297 $127,379
2021 $4,283 $346,631 $189,338 $157,293
2020 $4,309 $339,579 $0 $0
2019 $3,842 $308,708 $171,072 $137,636
2018 $3,883 $294,534 $0 $0
2017 $3,696 $267,758 $0 $0
2016 $3,291 $243,416 $0 $0
2015 $3,017 $221,287 $0 $0
2014 $2,668 $201,170 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 220080615

Naples Area Board of REALTORS®

APN: 65370600007