NOT LISTED FOR SALE

Estimated Value: $977,000 - $1,170,252

8 Beds
8 Baths
4,748 Sq Ft
$220/Sq Ft Est. Value

Last Sold March 09, 2022

Last sale price $1,075,000 $226 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $7,121/month

217 Days on Market

Highlights

  • Waterfront
  • Canal Access
  • Tile Flooring
  • Cape Elementary School Rated A-
  • Oversized Lot
  • Awning

About This Home

As of March 2022

Prime sailboat-access location on a 200' canal on Beach Parkway just minutes to the river. Fully-leased with long-term tenants and two separate docks in the backyard. Close to the thriving downtown Cape Coral area with stores and fabulous restaurants along with a burgeoning nightlife. Fantastic opportunity for your savvy investors.

Last Agent to Sell the Property

Ted Fitzgeorge

Schooner Bay Realty, Inc. License #252000383 Listed on: 07/04/2021

Last Buyer's Agent

Ted Fitzgeorge

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,034

Year Built

  • Built in 1976

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 125 x 125 x 125 x 125
  • Waterfront
  • Oversized Lot
  • Sprinkler System

Home Design

  • Quadruplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 4,748 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Awning

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Full Bathrooms

Outdoor Features

  • Canal Access

Utilities

  • Central Heating and Cooling System
  • Sewer Assessments

Listing and Financial Details

  • Tenant pays for cable TV, electricity, internet, sewer, telephone, water
  • Legal Lot and Block 34 / 388
  • Assessor Parcel Number 08-45-24-C1-00388.0340

Community Details

Overview

  • 4 Units
  • Cape Coral Subdivision

Building Details

  • Operating Expense $2,600
  • Net Operating Income $50,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,034

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.343
  • Lot Size: 125 x 125 x 125 x 125
  • Subdivision Name: CAPE CORAL
  • Directions: Del Prado Boulevard to East on Beach Parkway. 1719 is on the left...drive past it and make a U-turn to return to the complex.
  • Architectural Style: Ranch, One Story
  • Building Stories: 1
  • Structure Type: Quadruplex
  • Year Built: 1976
  • Property Sub Type Additional: Quadruplex
  • Special Features: None
  • Stories: 1

Interior Features

  • Number Of Buildings: 1
  • Private Spa: No
  • Full Bathrooms: 8
  • Total Bedrooms: 8
  • Flooring: Carpet, Tile

Exterior Features

  • Lot Features: Oversized Lot, Sprinklers Automatic
  • Pool Private: No
  • Waterfront Features: Canal Access
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Stucco
  • Exterior Features: Sprinkler/Irrigation, Room For Pool, Awning(s)
  • Property Condition: Resale
  • Roof: Shingle

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Assessment Paid, Public Sewer
  • Water Source: Assessment Paid, Public

Condo/Co-op/Association

  • Community Features: Non-Gated, Street Lights
  • Pets Allowed: No

Lot Info

  • Parcel #: 08-45-24-C1-00388.0340
  • Zoning Description: R3-W
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Cable TV, Electricity, Internet, Sewer, Telephone, Water

Multi Family

  • Number Of Units Total: 4
  • Property Net Operating Income: 50800.0
  • Annual Operating Expense: 2600.0

Tax Info

  • Tax Annual Amount: 10034.0
  • Tax Block: 388
  • Tax Lot: 34
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 4, 2021
Closed on
Mar 9, 2022
Sold by
Clarence F Hogrefe Revocable Trust
Bought by
Corcoran Dana F and Corcoran Deborah E
Seller's Agent
Ted Fitzgeorge
Schooner Bay Realty, Inc.
Buyer's Agent
Ted Fitzgeorge
List Price
$1,200,000
Sold Price
$1,075,000
Premium/Discount to List
-$125,000
-10.42%
Current Estimated Value
$1,045,313

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$29,687
Avg. Annual Appreciation
-0.77%

Purchase Details

Closed on
Jul 9, 2013
Sold by
Hogrefe Clarence F and Pescatrice Julie
Bought by
Hogrefe Clarence F

Purchase Details

Closed on
Oct 17, 2003
Sold by
Hogrefe Ruth I and Hogrefe Clarence F
Bought by
Hogrefe Ruth I

Purchase Details

Closed on
Sep 4, 2001
Sold by
Hogrefe Clarence F and Hogrefe Ruth I
Bought by
Hogrefe Clarence F
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 Buyer Sale Price Title Company
Corcoran Dana F $1,075,000 Palm Title Associates
Hogrefe Clarence F -- Attorney
Hogrefe Ruth I -- --
Hogrefe Clarence F -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/09/2022 03/09/22 Sold $1,075,000 -10.4% $226 / Sq Ft
02/07/2022 02/07/22 Pending -- -- --
07/04/2021 07/04/21 For Sale $1,200,000 -- $253 / Sq Ft
Source: Florida Gulf Coast Multiple Listing Service

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 $19,662 $917,548 $441,945 $457,565
2024 $17,677 $1,062,144 -- --
2023 $17,677 $965,585 $509,917 $449,410
2022 $12,083 $560,827 $0 $0
2021 $10,661 $526,005 $268,196 $257,809
2020 $10,034 $463,494 $263,350 $200,144
2019 $9,946 $463,508 $256,450 $207,058
2018 $9,482 $441,705 $247,250 $194,455
2017 $9,152 $448,158 $218,500 $229,658
2016 $8,042 $348,931 $221,420 $127,511
2015 $7,849 $335,198 $221,380 $113,818
2014 $8,424 $379,170 $216,506 $162,664
2013 -- $441,100 $168,900 $272,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 221049288

Florida Gulf Coast Multiple Listing Service

APN: 08-45-24-C1-00388.0340