$350,000
SOLD NOV 12, 2024
4 Beds
4 Baths
1,600 Sq Ft
9,975 Sq Ft Lot

Recently Sold

$219 Per Sq Ft

5% Below List Price

138 Days on Market

Highlights

  • Jalousie or louvered window
  • Tile Flooring
  • Rectangular Lot
  • Cape Elementary School Rated A-
  • Central Heating and Cooling System

About This Home

As of November 2024

This income property duplex is a rare find at a low price, offering an ideal mix of location, and rental
income potential. New shingle roof 2022 and some kitchen updates in 2023. Whether you are a
seasoned investor or just starting out, this property presents a promising opportunity to achieve strong
returns on investment. Motivated seller. Don’t miss out on this centrally located gem!

Last Agent to Sell the Property

Jackeline Kerin

Keller Williams Realty Fort Myers and the Islands Brokerage Phone: 305-613-4778 License #258033191 Listed on: 05/29/2024

Keller Williams Realty Fort Myers and the Islands

Last Buyer's Agent

Brian Helgemo

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,270

Year Built

  • Built in 1964

Lot Details

  • 9,975 Sq Ft Lot
  • Lot Dimensions are 125 x 80 x 80 x 125
  • Rectangular Lot

Home Design

  • Duplex
  • Shingle Roof
  • Built-Up Roof
  • Stucco

Interior Spaces

  • 1,600 Sq Ft Home
  • 1-Story Property
  • Jalousie or louvered window
  • Single Hung Windows
  • Tile Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Central Heating and Cooling System
  • Sewer Assessments
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for credit check, cable TV, electricity, internet, water
  • Legal Lot and Block 46 / 228
  • Assessor Parcel Number 13-45-23-C1-00228.0460

Community Details

Overview

  • 3 Units
  • Cape Coral Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Building Details

  • Operating Expense $4,200
  • Net Operating Income $40,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,270

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.229
  • Lot Size: 125 x 80 x 80 x 125
  • Subdivision Name: CAPE CORAL
  • Architectural Style: Ranch, One Story
  • Building Stories: 1
  • Structure Type: Duplex
  • Year Built: 1964
  • Property Sub Type Additional: Duplex
  • Attribution Contact: 305-613-4778
  • Pets No Pets Comments: ,,,
  • Special Features: None
  • Stories: 1

Interior Features

  • Private Spa: No
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Flooring: Tile
  • Window Features: Jalousie, Single Hung

Exterior Features

  • Lot Features: Rectangular Lot
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: Owner Has Flood Insurance
  • Construction Type: Block, Concrete, Stucco
  • Exterior Features: None
  • Property Condition: Resale
  • Roof: Built-Up, Flat, Shingle

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Assessment Paid
  • Utilities: Cable Available
  • Water Source: Assessment Paid

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Amenities: None
  • Pets Allowed: Call, Conditional

Lot Info

  • Parcel #: 13-45-23-C1-00228.0460
  • Zoning Description: R3-D
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Credit Check, Cable TV, Electricity, Internet, Water

Multi Family

  • Number Of Units Total: 3
  • Property Net Operating Income: 40500.0
  • Annual Operating Expense: 4200.0

Tax Info

  • Tax Annual Amount: 4270.2
  • Tax Block: 228
  • Tax Lot: 46
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2024
Closed on
Nov 8, 2024
Sold by
Figueroa Treven A
Bought by
Andrews Property Group Llc
Seller's Agent
Jackeline Kerin
Keller Williams Realty Fort Myers and the Islands
Buyer's Agent
Brian Helgemo
List Price
$368,000
Sold Price
$350,000
Premium/Discount to List
-$18,000
-4.89%
Views
93
Current Estimated Value
$332,058

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$17,942
Avg. Annual Appreciation
-5.94%
Original Mortgage
$280,000
Outstanding Balance
$277,768
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$54,290

Purchase Details

Listed on
Dec 16, 2022
Closed on
Feb 6, 2023
Sold by
Carmelo Dileo Revocable Trust
Bought by
Figueroa Treven A
Seller's Agent
Frank Ehrhardt
John R. Wood Properties
Buyer's Agent
Heather Jackson
List Price
$350,000
Sold Price
$299,000
Premium/Discount to List
-$51,000
-14.57%
Views
94

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.36%
Original Mortgage
$284,050
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 19, 2016
Sold by
Dileo Carmelo
Bought by
Dileo Carmelo and Carmelo Dileo Revocable Trust

Purchase Details

Closed on
Aug 11, 2004
Sold by
Dileo Carmelo
Bought by
Keough Properties Inc

Purchase Details

Closed on
Jan 12, 2004
Sold by
Dileo Carl and Dileo Carmelo
Bought by
Dileo Carmelo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.03%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed $350,000 Star Title
Warranty Deed $350,000 Star Title
Warranty Deed $299,000 Title Professionals
Interfamily Deed Transfer -- None Available
Warranty Deed $164,900 First American Title Ins Co
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $280,000 New Conventional
Closed $280,000 New Conventional
Previous Owner $284,050 New Conventional
Previous Owner $100,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2024 11/12/24 Sold $350,000 0.0% $219 / Sq Ft
11/08/2024 11/08/24 Sold $350,000 0.0% $438 / Sq Ft
11/08/2024 11/08/24 For Sale $350,000 0.0% $438 / Sq Ft
10/15/2024 10/15/24 Pending -- -- --
09/15/2024 09/15/24 Pending -- -- --
09/07/2024 09/07/24 Off Market $350,000 -- --
08/14/2024 08/14/24 For Sale $368,000 +5.1% $230 / Sq Ft
08/13/2024 08/13/24 Off Market $350,000 -- --
08/08/2024 08/08/24 Pending -- -- --
08/07/2024 08/07/24 Price Changed $368,000 -1.9% $230 / Sq Ft
07/22/2024 07/22/24 Price Changed $375,000 -1.3% $234 / Sq Ft
07/05/2024 07/05/24 For Sale $380,000 0.0% $238 / Sq Ft
05/29/2024 05/29/24 For Sale $380,000 +27.1% $238 / Sq Ft
02/06/2023 02/06/23 Sold $299,000 -14.6% $187 / Sq Ft
01/13/2023 01/13/23 Pending -- -- --
12/16/2022 12/16/22 For Sale $350,000 0.0% $219 / Sq Ft
07/26/2021 07/26/21 For Rent -- -- --
07/26/2021 07/26/21 Rented -- -- --
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 $4,689 $211,480 $59,909 $144,050
2023 $4,270 $180,567 $0 $0
2022 $3,960 $164,152 $0 $0
2021 $3,510 $150,789 $41,409 $109,380
2020 $3,326 $135,663 $26,000 $109,663
2019 $3,224 $132,430 $26,000 $106,430
2018 $3,098 $123,540 $26,000 $97,540
2017 $1,626 $84,820 $0 $0
2016 $1,471 $95,737 $21,167 $74,570
2015 $2,031 $82,603 $16,444 $66,159
2014 $1,852 $70,904 $14,588 $56,316
2013 -- $61,301 $9,503 $51,798
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 224046706

Florida Gulf Coast Multiple Listing Service

APN: 13-45-23-C1-00228.0460