$660,000
SOLD MAR 25, 2025

1641 40th Terrace SW Naples, FL 34116

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

Recently Sold

7% Below List Price

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. Fully leased with great rental history, has been professionally managed and maintainned

Last Agent to Sell the Property

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 cable, full electric, internet access, sewer, water
  • Assessor Parcel Number 35777320004
  • 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 $40,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,659

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Legal Description: GOLDEN GATE UNIT 2 BLK 72 LOT 14
  • Property Type: Residential Income
  • Table: Residential Income
  • Street View Param: 1$26.197791$-81.688873$250.43$13.33$1.00$lwyQY2_I6BUjQXf9ZBTGMg
  • Building Design: Triplex
  • Building Description: Other
  • Year Built: 1985
  • Property Information: 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. Fully leased with great rental history, has been professionally managed and maintainned
  • 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
  • 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

  • Lot Back: 80
  • Lot Frontage: 80
  • Lot Left: 125
  • Lot Right: 125
  • Lot Unit: 14
  • Section: 22
  • Waterfront: No
  • Zoning Code: rmf-12
  • Acres: 0.2300
  • Lot Description: Regular
  • Lot Dimensions: 80 X 125
  • Parcel Number: 35777320004

Rental Info

  • Tenant Pays: Cable, Full Electric, Internet Access, Sewer, Water

Tax Info

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

Multi Family

  • Unit Count: 3
  • Gross Rental Income: 48300.00
  • Annual Expenses: 8000.00
  • Annual Net Operating Income: 40300.00
  • 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
$710,000
Sold Price
$660,000
Premium/Discount to List
-$50,000
-7.04%
Views
26
Current Estimated Value
$666,056

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,056
Avg. Annual Appreciation
1.74%

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
Mar 1, 2015
Bought by
40Th Terrace Sw Llc

Purchase Details

Closed on
Mar 18, 2002
Sold by
Pfeuffer William A
Bought by
Holzkamper Henry and Moore Jan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
6.86%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $660,000 None Listed On Document
Special Warranty Deed $133,879 Attorney
Deed $133,900 --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $70,000 Commercial
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 -- -- --
02/04/2025 02/04/25 For Sale $710,000 0.0% --
01/30/2025 01/30/25 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 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 $4,708 $295,113 $130,000 $165,113
2024 $4,659 $351,168 -- --
2023 $4,659 $319,244 $0 $0
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: 224091652

Naples Area Board of REALTORS®

APN: 35777320004