NOT LISTED FOR SALE

Estimated Value: $283,000 - $556,000

3 Beds
2 Baths
1,606 Sq Ft
$260/Sq Ft Est. Value

Last Sold November 12, 2020

Last sale price $360,000 $224 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $2,416/month

34 Days on Market

Highlights

  • Concrete Block With Brick
  • Patio
  • Central Heating and Cooling System
  • Naples High School Rated A-
  • Tile Flooring

About This Home

As of November 2020

Investors!! Welcome to your new investment! Location! Location! Location! Imagine being so close that you can walk or bike to the famous Old Naples downtown (less than two miles away)! Enjoy shops, dining, social activities, beaches, and everything Naples has to offer. Whether you are looking to rent out both units or as a paradise retreat and cover your mortgage. This well-maintained two-story home is sitting on a corner lot. These 2 separate units feature an upstairs 1/1 and a downstairs 2/1. Light and bright with tile throughout. Many upgrades including new metal roof, AC with smart controls, new impact windows & doors, new flooring, new kitchen and baths, new smart locks, and security system. Private 2nd-floor deck to relax morning or night. Don't miss this great opportunity! Don’t just take my word for it, come and see for yourself!

Last Agent to Sell the Property

Marie Frantz Mendes

LuxRe, LLC Listed on: 08/14/2020

Last Buyer's Agent

Odalys Martinez Cruz

eXp Realty LLC

eXp Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,477

Year Built

  • Built in 1969

Lot Details

  • 5,663 Sq Ft Lot
  • Sprinkler System

Home Design

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

Interior Spaces

  • 2-Story Property
  • Double Hung Windows

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Patio

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable, full electric
  • Assessor Parcel Number 51693440000
  • Tax Block I

Community Details

Overview

  • 2 Units
  • Inomah Condos

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $16,062
  • Net Operating Income $15,138

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,477

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Legal Description: INOMAH BLK I LOT 16
  • Property Type: Residential Income
  • Table: Residential Income
  • Street View Param: 1$26.131801$-81.7761$60.39$13.33$1.00$l-l56QOLJww6ljjvcS1GUA
  • Building Design: Duplex
  • Building Description: 2 Story
  • Year Built: 1969
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • Flooring: Carpet, Tile
  • Windows: Double Hung

Exterior Features

  • Gulf Access: No
  • Private Pool: No
  • Private Spa: No
  • Roof: Metal
  • Construction: Concrete Block
  • Irrigation: Central
  • Exterior Features: Patio, Sprinkler Auto
  • Exterior Finish: Stucco

Utilities

  • Cable Available: Yes
  • Cooling: 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: RMF-6
  • Acres: 0.1300
  • Lot Description: Corner, Oversize
  • Parcel Number: 51693440000

Rental Info

  • Tenant Pays: Cable, Full Electric

Tax Info

  • Tax Description: County Only
  • Taxes: 1477.00

Multi Family

  • Gross Rental Income: 31200.00
  • Annual Expenses: 16062.00
  • Annual Net Operating Income: 15138.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 4, 2021
Sold by
Cruanas Raul C
Bought by
Cruanas Raul C and Cruanas Richard
Current Estimated Value
$417,739

Purchase Details

Listed on
Aug 14, 2020
Closed on
Nov 11, 2020
Sold by
Gogerty Kristen J
Bought by
Cruanas Raul C
Seller's Agent
Marie Frantz Mendes
LuxRe, LLC
Buyer's Agent
Odalys Martinez Cruz
eXp Realty LLC
List Price
$399,000
Sold Price
$360,000
Premium/Discount to List
-$39,000
-9.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.93%
Original Mortgage
$252,000
Outstanding Balance
$224,244
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$193,495

Purchase Details

Listed on
Aug 15, 2017
Closed on
Oct 4, 2017
Sold by
Fiser Josef
Bought by
Gogerty Kristen J
Seller's Agent
Steve Reed
Realty One Group MVP
Buyer's Agent
Dovile Collins
John R Wood Properties
List Price
$270,000
Sold Price
$260,000
Premium/Discount to List
-$10,000
-3.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.03%
Original Mortgage
$247,000
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 25, 2014
Closed on
Jul 3, 2014
Sold by
Armke Dorothy M
Bought by
Fiser Josef
Seller's Agent
Linda Flores
Keller Williams Marco Realty
Buyer's Agent
Of Realtors 08-Naples Area Board
Local Associations
List Price
$119,500
Sold Price
$125,000
Premium/Discount to List
$5,500
4.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.19%
Original Mortgage
$119,298
Interest Rate
4.19%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 21, 1997
Sold by
Lantz Dorothy Lorraine
Bought by
Armke Dorothy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,800
Interest Rate
7.35%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Cruanas Raul C -- Attorney
Cruanas Raul C $360,000 Title Specialists Of Gulf Co
Gogerty Kristen J $260,000 First American Title Ins Co
Fiser Josef $125,000 Title Connection Llc
Armke Dorothy M $83,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cruanas Raul C $252,000
Previous Owner Gogerty Kristen J $247,000
Previous Owner Fiser Josef $119,298
Previous Owner Armke Dorothy M $66,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/12/2020 11/12/20 Sold $360,000 -5.0% $224 / Sq Ft
09/17/2020 09/17/20 Pending -- -- --
09/08/2020 09/08/20 Price Changed $379,000 -5.0% $236 / Sq Ft
08/14/2020 08/14/20 For Sale $399,000 +53.5% $248 / Sq Ft
10/04/2017 10/04/17 Sold $260,000 -3.7% $167 / Sq Ft View Prior Sale
08/22/2017 08/22/17 Pending -- -- --
08/15/2017 08/15/17 For Sale $270,000 +116.0% $173 / Sq Ft
07/03/2014 07/03/14 Sold $125,000 +4.6% $80 / Sq Ft View Prior Sale
05/15/2014 05/15/14 Pending -- -- --
04/25/2014 04/25/14 For Sale $119,500 -- $77 / 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 $2,781 $240,461 -- --
2024 $2,878 $218,601 -- --
2023 $2,878 $198,728 $0 $0
2022 $2,399 $180,662 $0 $0
2021 $2,102 $164,238 $86,858 $77,380
2020 $2,038 $160,564 $86,858 $73,706
2019 $1,477 $149,438 $0 $0
2018 $1,439 $146,652 $0 $0
2017 $1,143 $120,470 $0 $0
2016 $1,104 $117,992 $0 $0
2015 $1,109 $117,172 $0 $0
2014 $832 $43,205 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 220051061

Naples Area Board of REALTORS®

APN: 51693440000