NOT LISTED FOR SALE

Estimated Value: $5,221,046 - $7,194,000

3 Beds
3 Baths
7,927 Sq Ft
$812/Sq Ft Est. Value

Last Sold July 15, 2015

Last sale price $3,625,000 $457 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $37,490/month

578 Days on Market

About This Home

As of July 2015

A prominent and rare opportunity to own this famed historic cottage located in the heart of Old Naples. Originally crafted in 1921 of Florida pine and cypress wood, this exceptional landmark has been restored to preserve the charm of the authentic heart pine floors, wood burning fireplace and pecky cypress ceilings. The main residence features three bedrooms and three bathrooms, wrap-a-round porches and David Smith hand-painted cabinetry. The gourmet kitchen and baths have been updated with modern amenities to accommodate the comforts of today. A separate one bedroom, one bathroom guesthouse features vaulted wood-beamed ceilings, screened porch and a full kitchen for indoor/outdoor entertaining. The newer poolside pavilion features an outdoor kitchen/grill and island-style bar. Close proximity to the beach and cultural amenities complete this historical one-of-a-kind retreat.

Last Agent to Sell the Property

Karen Van Arsdale

Premier Sotheby's Int'l Realty Listed on: 09/20/2013

Premier Sotheby's Int'l Realty

Last Buyer's Agent

Karen Van Arsdale

Premier Sotheby's Int'l Realty Listed on: 09/20/2013

Premier Sotheby's Int'l Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $43,399

Year Built

  • 1921

Lot Details

  • 0.34

Interior Spaces

  • 7,927 Sq Ft Home
  • 2-Story Property

Home Details

Home Type

Single Family

Est. Annual Taxes

$43,399

Year Built

1921

Lot Details

0

Listing Details

  • Legal Description: NAPLES T 3 BLK 9 LOTS 10-12
  • Building Design: Single Family
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1921

Interior Features

  • Additional Rooms: Glass Porch, Laundry in Residence, Loft, Open Porch/Lanai, Screened Lanai/Porch
  • Dining Room: Eat-in Kitchen
  • Equipment: Dishwasher, Disposal, Dryer, Stand-Alone Ice Maker, Microwave, Range, Refrigerator, Trash Compactor
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Built-In Cabinets, Fireplace, French Doors, Walk-In Closet, Window Coverings
  • Primary Bathroom: Combo Tub And Shower, Dual Sinks
  • Furnished Description: Unfurnished
  • Price Per Sq Ft: 1088.59
  • Total Floors: 2

Exterior Features

  • Roof: Metal
  • Exterior Features: Built In Grill, Deck, Fence, Outdoor Kitchen, Patio
  • Construction: Wood Frame
  • Exterior Features: Built In Grill, Deck, Fence, Outdoor Kitchen, Patio
  • Exterior Finish: Wood Siding
  • Guest House: 1 Bath, 1 Bedroom, Kitchen, Living Room, Screened Porch
  • Irrigation: Central
  • Private Pool: Below Ground, Heated Electric, Pool Bath
  • Windows: Casement

Garage/Parking

  • Carport Description: Attached
  • Carport Spaces: 3

Utilities

  • Cooling: Ceiling Fans, Central Electric
  • Heating: Central Electric
  • Sewer: Central
  • Water: Central

Association/Amenities

  • Pets: No Approval Needed
  • Development: Olde Naples

Condo/Co-op/Association

  • Sub Condo Name: OLDE NAPLES

Lot Info

  • Lot Description: Corner
  • Rear Exposure: South
  • View: Landscaped Area
  • Lot Dimensions: 100 X 150
  • Lot Back: 100
  • Lot Frontage: 100
  • Lot Left: 150
  • Lot Right: 150
  • Lot Unit: 10,11,12
  • Section: 9
  • Total Area: 7927

Tax Info

  • Tax Description: City And County

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2013
Closed on
Jul 13, 2015
Sold by
Schultzel Leslie J
Bought by
Reinhart James E and Reinhart Joni B
Seller's Agent
Karen Van Arsdale
Premier Sotheby's Int'l Realty
Buyer's Agent
Karen Van Arsdale
Premier Sotheby's Int'l Realty
List Price
$4,450,000
Sold Price
$3,625,000
Premium/Discount to List
-$825,000
-18.54%
Current Estimated Value
$6,439,512

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,814,512
Avg. Annual Appreciation
5.74%
Original Mortgage
$3,000,000
Outstanding Balance
$2,277,067
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$4,162,445
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
Reinhart James E $3,625,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reinhart James E $3,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2015 07/15/15 Sold $3,625,000 -3.3% $457 / Sq Ft
04/21/2015 04/21/15 Pending -- -- --
04/02/2015 04/02/15 Price Changed $3,750,000 -6.1% $473 / Sq Ft
01/07/2014 01/07/14 Price Changed $3,995,000 -10.2% $504 / Sq Ft
09/20/2013 09/20/13 For Sale $4,450,000 -- $561 / 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 $43,399 $4,078,650 -- --
2024 $40,724 $3,707,864 -- --
2023 $40,724 $3,370,785 $0 $0
2022 $35,924 $3,064,350 $0 $0
2021 $31,602 $2,785,773 $0 $0
2020 $27,019 $2,532,521 $0 $0
2019 $23,629 $2,302,292 $2,221,560 $80,732
2018 $31,062 $3,032,151 $2,797,200 $234,951
2017 $30,686 $2,978,235 $2,757,240 $220,995
2016 $29,352 $2,836,967 $0 $0
2015 $5,220 $528,335 $0 $0
2014 $5,238 $473,642 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 213503555

Naples Area Board of REALTORS®

APN: 14013120002