NOT LISTED FOR SALE

Estimated Value: $474,444 - $860,000

4 Beds
3 Baths
1,113 Sq Ft
$533/Sq Ft Est. Value

Last Sold December 27, 2021

Last sale price $445,000 $400 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $3,425/month

11 Days on Market

Highlights

  • Fruit Trees
  • Room in yard for a pool
  • Concrete Block With Brick
  • Naples High School Rated A-
  • Jalousie or louvered window
  • Patio

About This Home

As of December 2021

H3904 - Investment potential is written all over this duplex opportunity. The front unit is a 2/1 with a 2020 HVAC system and the rear unit is a 2/2. Would be a great time to remodel as each unit becomes available. There is ample parking with 4 spots in front of the property and a long covered carport for 2 additional cars. The roof was replaced in 2005 and new exterior paint in 2021. Restaurants, schools, stores, community park, downtown and the beaches are located nearby. This area is easy to attract tenants.

Last Agent to Sell the Property

Greg Gorman

John R Wood Properties Listed on: 11/01/2021

John R Wood Properties

Co-Listed By

David Burke

John R Wood Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,948

Year Built

  • Built in 1970

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions: 60
  • Fruit Trees

Home Design

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

Interior Spaces

  • Ceiling Fan
  • Jalousie or louvered window
  • Single Hung Windows
  • Sliding Windows
  • Tile Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Room in yard for a pool
  • Patio

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable, full electric, full telephone, lawn service, sewer, water
  • Assessor Parcel Number 51691840000
  • Tax Block E
  • $15,000 Seller Concession

Community Details

Overview

  • 2 Units
  • Inomah Condos

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $9,144
  • Net Operating Income $28,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,948

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Legal Description: INOMAH BLK E E1/2 OF LOT 10 + W1/2 OF LOT 11
  • Property Type: Residential Income
  • Table: Residential Income
  • Street View Param: 1$26.133577$-81.779567$10.58$13.33$1.00$W7LkxY8JSpNsSlDyonJ8bA
  • Building Design: Duplex
  • Building Description: Duplex
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Total Bedrooms: 4
  • Flooring: Tile
  • Windows: Jalousie, Single Hung, Sliding

Exterior Features

  • Gulf Access: No
  • Private Pool: No
  • Private Spa: No
  • Roof: Shingle
  • Construction: Concrete Block
  • Exterior Features: Fruit Trees, Patio, Room for Pool
  • Exterior Finish: Stucco, Wood Siding

Utilities

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

Association/Amenities

  • Pets: No Approval Needed
  • Development: Inomah
  • Community Type: Non-Gated
  • Units In Building: 2

Condo/Co-op/Association

  • Sub Condo Name: INOMAH

Lot Info

  • Section: 11
  • Waterfront: No
  • Zoning Code: 8 - MULTI-FAMILY LESS THAN 10 UNIT
  • Acres: 0.1600
  • Lot Description: Regular
  • Lot Dimensions: 60 X 119
  • Parcel Number: 51691840000

Rental Info

  • Tenant Pays: Cable, Full Electric, Full Telephone, Lawn Service, Sewer, Water

Tax Info

  • Tax Description: County Only
  • Taxes: 3948.07

Multi Family

  • Gross Rental Income: 22651.93
  • Annual Expenses: 9144.00
  • Annual Net Operating Income: 28800.00
  • Total Buildings: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2021
Closed on
Dec 27, 2021
Sold by
Culligan John Joseph and Graf Abens Cheryl
Bought by
Montalvo Ara Jamasbi and Jamasbi Aurash
Seller's Agent
Greg Gorman
John R Wood Properties
List Price
$425,000
Sold Price
$445,000
Premium/Discount to List
$20,000
4.71%
Current Estimated Value
$592,861

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$147,861
Avg. Annual Appreciation
7.40%
Original Mortgage
$322,500
Outstanding Balance
$297,224
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$295,637

Purchase Details

Closed on
Apr 15, 1998
Sold by
Weis Barbara Anne and Mason Evelyn V
Bought by
Culligan Elizabeth M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Montalvo Ara Jamasbi $430,000 North American Title
Culligan Elizabeth M $78,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Montalvo Ara Jamasbi $322,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/27/2021 12/27/21 Sold $445,000 +4.7% $400 / Sq Ft
11/12/2021 11/12/21 Pending -- -- --
11/01/2021 11/01/21 For Sale $425,000 -- $382 / Sq Ft
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 $3,890 $356,842 $252,000 $104,842
2024 $3,640 $335,101 -- --
2023 $3,640 $304,637 $187,200 $117,437
2022 $5,550 $464,171 $367,200 $96,971
2021 $4,113 $320,538 $208,380 $112,158
2020 $2,045 $153,667 $0 $0
2019 $2,116 $143,026 $0 $0
2018 $1,395 $103,811 $0 $0
2017 $1,574 $125,560 $0 $0
2016 $1,465 $117,475 $0 $0
2015 $1,346 $110,688 $0 $0
2014 $925 $3,946 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Naples Area Board of REALTORS®

MLS Number: 221076504

Naples Area Board of REALTORS®

APN: 51691840000