$329,000
SOLD JUN 18, 2018
3 Beds
3 Baths
1,900 Sq Ft
10,001 Sq Ft Lot

Recently Sold

$173 Per Sq Ft

23% Below List Price

497 Days on Market

Highlights

  • Boat Dock
  • Florida Architecture
  • Community Pool
  • Cape Elementary School Rated A-
  • Outdoor Water Feature
  • Jalousie or louvered window

About This Home

As of June 2018

Million Dollar Views of Bikini Basin. 450’ of open water in backyard. 1 minute boat ride to river; no bridges. The building lot alone is worth the asking price. One of the best locations in Cape Coral. Walk to everything in downtown Cape Coral. One minute to Cape Coral Bridge; just five minutes to Fort Myers. Legal 2 unit money maker; includes nice 1 bedroom apartment, plus deluxe 2 bedroom, 2 bath apartment on the other side; full laundry hookups on each side. Interiors recently updated; lots of upscale finishes; roof is new. Rent either side of building (or both sides!), or treat family and guests to their complete privacy when visiting. The 2 bedroom apartment allows guests to have their own private suite, with separate bedroom, separate bathroom and private entrance. Owners installed “lock out” door between the 2 units to join both sides for use as a multi-generational family compound. Continue that use for your family, or turn it into a full-time, money making rental….or any combination of uses you choose. New owners have many possibilities for this incredibly versatile, former 3 unit rental building.

Last Agent to Sell the Property

Patrick Mulcahy

Realty One Group MVP License #596509449 Listed on: 01/06/2017

Last Buyer's Agent

Jan Macdonald

Achieve the Dream Realty LLC License #258003457

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,165

Year Built

  • Built in 1971

Lot Details

  • 10,001 Sq Ft Lot
  • Lot Dimensions are 80 x 125 x 80 x 125
  • Rectangular Lot

Home Design

  • Duplex
  • Florida Architecture
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,900 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Jalousie or louvered window
  • Double Hung Windows
  • Bay Window
  • Tile Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Waterfront Basin
  • Patio
  • Outdoor Water Feature

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Heating and Cooling System
  • Sewer Assessments

Listing and Financial Details

  • Tenant pays for cable TV
  • Legal Lot and Block 66 / 77

Community Details

Overview

  • 2 Units
  • Cape Coral Subdivision

Amenities

  • Community Storage Space

Recreation

  • Boat Dock
  • Community Playground
  • Community Pool

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,165

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2296
  • Lot Size: 80 x 125 x 80 x 125
  • Road Surface Type: Paved
  • Subdivision Name: CAPE CORAL
  • Architectural Style: Florida, Ranch, One Story, Duplex
  • Building Stories: 1
  • Structure Type: Duplex
  • Year Built: 1971
  • Property Sub Type Additional: Duplex
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Private Spa: No
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Flooring: Tile
  • Window Features: Bay Window(s), Double Hung, Jalousie

Exterior Features

  • Lot Features: Rectangular Lot
  • Pool Features: Community
  • Pool Private: No
  • Waterfront Features: Basin
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Stucco
  • Exterior Features: Patio, Water Feature
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Shingle

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Electric, Wall Unit(s)
  • 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: Boat Facilities
  • Amenities: Playground, Pool, Storage
  • Pets Allowed: Yes

Lot Info

  • Zoning Description: R3-W
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Cable TV

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 5165.0
  • Tax Block: 77
  • Tax Lot: 66
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 3, 2024
Sold by
Gannon Brian Patrick
Bought by
Bikini Bay 30 Llc

Purchase Details

Closed on
May 17, 2021
Sold by
Schmetterer Trevor D and Schmetterer Christina L
Bought by
Gannon Brian Patrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,750
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 9, 2020
Sold by
Schmetterer Trevor D and Breda Christina L
Bought by
Schmetterer Trevor D and Breda Christina L

Purchase Details

Listed on
Jan 6, 2017
Closed on
Jun 15, 2018
Sold by
Mulcaby Patrick B
Bought by
Sehmetterer Trevor D and Breda Christina L
Seller's Agent
Patrick Mulcahy
Realty One Group MVP
Buyer's Agent
Jan Macdonald
Achieve the Dream Realty LLC
List Price
$429,900
Sold Price
$329,000
Premium/Discount to List
-$100,900
-23.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.00%
Original Mortgage
$271,200
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 31, 2015
Sold by
Mulcahy Francis D
Bought by
Mulcahy Francis D and Francis D Mulcahy Jr Trust

Purchase Details

Listed on
Mar 27, 2014
Closed on
Aug 6, 2014
Sold by
Nelson Thomas G
Bought by
Mulcahy Francis D
Seller's Agent
Vicki Hubbell
Ring Realty, Inc
Buyer's Agent
Patrick Mulcahy
List Price
$299,900
Sold Price
$240,000
Premium/Discount to List
-$59,900
-19.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.33%
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 Type Sale Price Title Company
Quit Claim Deed $353,000 None Listed On Document
Warranty Deed $425,000 None Listed On Document
Interfamily Deed Transfer -- Attorney
Warranty Deed $339,000 Agent Title Services Llc
Interfamily Deed Transfer -- Attorney
Warranty Deed $240,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $20,000 Credit Line Revolving
Previous Owner $318,750 New Conventional
Previous Owner $277,000 New Conventional
Previous Owner $271,200 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2025 05/19/25 For Sale $700 -12.5% --
05/19/2025 05/19/25 For Sale $800 0.0% --
09/01/2018 09/01/18 Rented -- -- --
08/02/2018 08/02/18 Under Contract -- -- --
06/24/2018 06/24/18 For Rent $1,200 0.0% --
06/18/2018 06/18/18 Sold $329,000 -23.5% $173 / Sq Ft
05/19/2018 05/19/18 Pending -- -- --
01/06/2017 01/06/17 For Sale $429,900 +79.1% $226 / Sq Ft
08/06/2014 08/06/14 Sold $240,000 -20.0% $198 / Sq Ft
07/07/2014 07/07/14 Pending -- -- --
03/27/2014 03/27/14 For Sale $299,900 -- $247 / 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
2024 $12,981 $746,371 $456,730 $212,267
2023 $12,141 $728,184 $573,710 $124,104
2022 $8,444 $466,234 $325,650 $140,584
2021 $6,052 $438,281 $325,132 $113,149
2020 $6,141 $331,438 $0 $0
2019 $5,963 $323,986 $180,203 $143,783
2018 $5,361 $244,900 $198,911 $45,989
2017 $7,461 $352,529 $320,000 $32,529
2016 $5,132 $338,011 $320,430 $17,581
2015 $5,165 $267,995 $250,474 $17,521
2014 $4,827 $301,176 $236,953 $64,223
2013 -- $279,150 $196,528 $82,622
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 217001778

Florida Gulf Coast Multiple Listing Service

APN: 17-45-24-C1-00077.0660