NOT LISTED FOR SALE

1784 55th Terrace SW Naples, FL 34116

Estimated Value: $470,115 - $609,000

4 Beds
2 Baths
-- Sq Ft
10,019 Sq Ft Lot

Last Sold September 22, 2021

Last sale price $425,000

Est. 34% increase in value since last sale

Current estimated payment $3,481/month

28 Days on Market

Highlights

  • Concrete Block With Brick
  • Tile Flooring
  • Ceiling Fan
  • Patio
  • Central Heating and Cooling System
  • Paved or Partially Paved Lot

About This Home

As of September 2021

INVESTOR SPECIAL! Income producing duplex with long term tenants in place. Concrete block construction. Each side has two bedrooms plus a den as well as all tile flooring throughout, vaulted ceilings in the great room, washer/dryer hook-ups and ample parking. The North side has a newer kitchen. There is also a rear patio that runs the entire width of the property plus a permitted shed. Prime location one block from Santa Barbara and waking distance to Grace Community School, shopping and dining. No HOA fees.

Last Agent to Sell the Property

Michael Gehring

John R Wood Properties License #NAPLES-249511873 Listed on: 07/23/2021

John R Wood Properties

Last Buyer's Agent

Wally Perez

Xclusive Homes LLC License #NAPLES-249525450

Xclusive Homes LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,348

Year Built

  • Built in 2001

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions: 80
  • Paved or Partially Paved Lot

Home Design

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

Interior Spaces

  • Ceiling Fan
  • Single Hung Windows
  • Tile Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Patio

Utilities

  • Central Heating and Cooling System
  • Well
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for full electric, security
  • Assessor Parcel Number 36232560007
  • Tax Block 155

Community Details

Overview

  • 2 Units
  • Golden Gate City Condos

Pet Policy

  • Call for details about the types of pets allowed

Building Details

  • Operating Expense $2,827
  • Net Operating Income $31,973

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,348

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Legal Description: GOLDEN GATE UNIT 5 BLK 155 LOT 11
  • Property Type: Residential Income
  • Table: Residential Income
  • Street View Param: 1$26.195196$-81.717966$135.76$13.33$1.00$ziA4ONY7Teu24dzz4mdANg
  • Building Design: Duplex
  • Building Description: Duplex
  • Year Built: 2001
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 4
  • Flooring: Tile
  • Windows: Single Hung

Exterior Features

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

Utilities

  • Cable Available: Yes
  • Cooling: Ceiling Fans, Central Electric
  • Heat: Central Electric
  • Sewer: Septic
  • Water: Well

Association/Amenities

  • Pets: With Approval
  • Development: Golden Gate City
  • Community Type: Non-Gated
  • Units In Building: 2

Condo/Co-op/Association

  • Sub Condo Name: GOLDEN GATE CITY

Lot Info

  • Lot Back: 80
  • Lot Frontage: 80
  • Lot Left: 125
  • Lot Right: 125
  • Lot Unit: 11
  • Section: 21
  • Waterfront: No
  • Zoning Code: 1
  • Acres: 0.2300
  • Lot Description: Regular
  • Lot Dimensions: 80 X 125
  • Parcel Number: 36232560007

Rental Info

  • Tenant Pays: Full Electric, Security

Tax Info

  • Tax Description: County Only
  • Taxes: 3348.00

Multi Family

  • Unit Count: 2
  • Gross Rental Income: 34800.00
  • Annual Expenses: 2827.00
  • Annual Net Operating Income: 31973.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2021
Closed on
Sep 22, 2021
Sold by
Powell Key and Powell Ruth Ann
Bought by
Jimenez Joel Ramirez and Ramirez Guadalupe Morales
Seller's Agent
Michael Gehring
John R Wood Properties
Buyer's Agent
Wally Perez
Xclusive Homes LLC
List Price
$439,000
Sold Price
$425,000
Premium/Discount to List
-$14,000
-3.19%
Current Estimated Value
$571,294

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$146,294
Avg. Annual Appreciation
6.14%
Original Mortgage
$367,571
Outstanding Balance
$335,190
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$203,339

Purchase Details

Closed on
Oct 1, 2018
Sold by
Powell Ruth Ann
Bought by
Powell Ruth Ann and Powell Key

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 2010
Sold by
Hernandez Feliciano A and Marquez Olga
Bought by
Powell Ruth Ann

Purchase Details

Closed on
Mar 31, 2005
Sold by
Miranda Carlos
Bought by
Hernandez Feliciano A and Marquez Olga

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
7.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 31, 2003
Sold by
Carta Romelio A and Carta Josefina M
Bought by
Miranda Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.24%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 9, 2000
Sold by
Sanders Kirk N
Bought by
Carta Romelio A and Carta Josefina M
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
Jimenez Joel Ramirez $425,000 Action Title Services
Powell Ruth Ann -- Tropical Title
Powell Ruth Ann $110,000 Florida Universal Title Llc
Hernandez Feliciano A $315,000 Town & Country Title Inc
Miranda Carlos $250,000 --
Carta Romelio A $16,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jimenez Joel Ramirez $367,571
Previous Owner Powell Ruth Ann $231,000
Previous Owner Hernandez Feliciano A $252,000
Previous Owner Miranda Carlos $252,000
Previous Owner Miranda Carlos $200,000
Previous Owner Carta Romelio $131,000
Closed Hernandez Feliciano A $63,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/22/2021 09/22/21 Sold $425,000 -3.2% --
08/20/2021 08/20/21 Pending -- -- --
07/23/2021 07/23/21 For Sale $439,000 -- --
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 $4,702 $313,209 $130,000 $183,209
2024 $4,965 $385,924 $200,000 $185,924
2023 $4,965 $396,633 $0 $0
2022 $4,704 $360,575 $157,500 $203,075
2021 $3,622 $223,572 $0 $0
2020 $3,348 $203,247 $0 $0
2019 $2,945 $184,770 $0 $0
2018 $2,762 $167,973 $0 $0
2017 $2,526 $152,703 $0 $0
2016 $2,389 $138,821 $0 $0
2015 $2,214 $126,201 $0 $0
2014 $1,874 $114,728 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 221054072

Naples Area Board of REALTORS®

APN: 36232560007