NOT LISTED FOR SALE

1942 55th Terrace SW Naples, FL 34116

Estimated Value: $477,000 - $623,000

4 Beds
2 Baths
-- Sq Ft
0.29 Acres

Last Sold November 08, 2019

Last sale price $325,000

Est. 72% increase in value since last sale

Current estimated payment $3,510/month

15 Days on Market

Highlights

  • Corner Fireplace
  • Tile Flooring
  • Ceiling Fan
  • Concrete Block With Brick
  • Central Air

About This Home

As of November 2019

Fabulous well maintained duplex with solid current tenant income. This exceptional property boast updated kitchen with granite, stainless steal appliances and well manicured landscaping and yard. These units offer highly sought after extra deep garage stalls with plenty of room for added storage. Excellent tenants in place. New lease in place for Unit B. Unit A tenant provides maintenance care, lawn care and property oversight. Property has impeccable records and upkeep. New roof. New AC handler. New water heater. Property has had regular pest control and system maintenance. Excellent condition units will provide any investor with solid return. Location is ideal for commuting, near Santa Barbara and grocery/gas market right down the street. For family buyers, highly rated school/daycare is right across the street. You could walk your kids to school/daycare. Unit B lease newly signed and in place through Aug 2020.

Last Agent to Sell the Property

Bria Bare

Premiere Plus Realty Company License #NAPLES-249523602 Listed on: 09/07/2019

Premiere Plus Realty Company

Last Buyer's Agent

Norma Fernandez

Xclusive Homes LLC License #NAPLES-249523241

Xclusive Homes LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,749

Year Built

  • Built in 1981

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions: 113

Home Design

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

Interior Spaces

  • Ceiling Fan
  • Corner Fireplace
  • Casement Windows
  • Tile Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Air
  • Well
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for application fee, cable, credit application, full electric, full telephone
  • Assessor Parcel Number 36232200008
  • 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 $4,692
  • Net Operating Income $23,220

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,749

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Legal Description: GOLDEN GATE UNIT 5 BLK 155 LOT 1 + S 35FT OF LOT 2
  • Property Type: Residential Income
  • Table: Residential Income
  • Street View Param: 1$26.193021$-81.717897$32.46$13.33$1.00$vdU6SqG20QzDZ7d0oPyC-Q
  • Building Design: Duplex
  • Building Description: Corner, Duplex
  • Year Built: 1981
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Gulf Access: No
  • Private Pool: No
  • Private Spa: No
  • Roof: Shingle
  • Construction: Concrete Block
  • Exterior Finish: Stucco

Utilities

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

Association/Amenities

  • Pets: With Approval
  • Development: Golden Gate City
  • Units In Building: 2

Condo/Co-op/Association

  • Sub Condo Name: GOLDEN GATE CITY

Lot Info

  • Lot Back: 136
  • Lot Frontage: 113
  • Lot Left: 102
  • Lot Right: 125
  • Lot Unit: 1
  • Section: 21
  • Waterfront: No
  • Acres: 0.2900
  • Lot Description: Corner
  • Lot Dimensions: 113 X 102 X 136 X 125
  • Parcel Number: 36232200008

Rental Info

  • Tenant Pays: Application Fee, Cable, Credit Application, Full Electric, Full Telephone

Tax Info

  • Tax Description: City And County
  • Taxes: 2749.00

Multi Family

  • Unit Count: 2
  • Gross Rental Income: 23220.00
  • Annual Expenses: 4692.00
  • Annual Net Operating Income: 23220.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2019
Closed on
Nov 8, 2019
Sold by
Cobb Suzanne A and Cobb Suzanne A
Bought by
Perez Crisostomo Elmer Adelmo
Seller's Agent
Bria Bare
Premiere Plus Realty Company
Buyer's Agent
Norma Fernandez
Xclusive Homes LLC
List Price
$325,000
Sold Price
$325,000
Current Estimated Value
$559,646

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$234,646
Avg. Annual Appreciation
9.36%
Original Mortgage
$281,084
Outstanding Balance
$250,168
Interest Rate
3.65%
Mortgage Type
FHA
Estimated Equity
$293,855

Purchase Details

Closed on
Oct 5, 2017
Sold by
Cobb Suzanne A
Bought by
Cobb Suzanne A and Suzanne A Cobb Revocable Trust

Purchase Details

Closed on
Oct 4, 1993
Sold by
Downs Susan F
Bought by
Cobb Howard E and Cobb Suzanne A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,200
Interest Rate
7.01%
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 Buyer Sale Price Title Company
Perez Crisostomo Elmer Adelmo $325,000 Omega Land Title
Cobb Suzanne A -- Attorney
Cobb Howard E $86,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Perez Crisostomo Elmer Adelmo $281,084
Previous Owner Cobb Howard E $77,000
Previous Owner Cobb Howard E $60,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/08/2019 11/08/19 Sold $325,000 0.0% --
09/22/2019 09/22/19 Pending -- -- --
09/07/2019 09/07/19 For Sale $325,000 -- --
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
2023 $5,346 $392,497 $0 $0
2022 $4,996 $356,815 $0 $0
2021 $4,578 $324,377 $0 $0
2020 $4,022 $294,888 $136,245 $158,643
2019 $2,923 $177,812 $0 $0
2018 $2,749 $161,647 $0 $0
2017 $2,509 $146,952 $0 $0
2016 $2,367 $133,593 $0 $0
2015 $2,179 $121,448 $0 $0
2014 $1,827 $110,407 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bria Bare

    Seller's Agent in 2019

    Bria Bare

    Premiere Plus Realty Company

    (239) 777-9711

    11 Total Sales

    Section Image
  • Norma Fernandez

    Buyer's Agent in 2019

    Norma Fernandez

    Xclusive Homes LLC

    (239) 687-0177

    19 in this area

    169 Total Sales

    Section Image
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Map

Source: Naples Area Board of REALTORS®

MLS Number: 219061158

Naples Area Board of REALTORS®

APN: 36232200008

Florida Collier County Naples 34116

1942 55th Terrace SW, Naples, FL

This home is located at 1942 55th Terrace SW, Naples, FL 34116 since 07 September 2019 and is currently estimated at $559,646. This property was built in 1981. 1942 55th Terrace SW is a home located in Collier County with nearby schools including Golden Gate High School, Golden Gate Middle School, and Bridge Prep Academy of Collier.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Naples Area Board of REALTORS® The source of this real property information is the copyrighted and proprietary database compilation of the M.L.S. of Naples, Inc. Copyright 2025 M.L.S. of Naples, Inc. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.

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