NOT LISTED FOR SALE

2400 50th Terrace SW Naples, FL 34116

Estimated Value: $560,714 - $729,000

8 Beds
4 Baths
-- Sq Ft
0.43 Acres

Last Sold March 22, 2018

Last sale price $388,000

Est. 67% increase in value since last sale

Current estimated payment $3,970/month

2 Days on Market

Highlights

  • Corner Fireplace
  • 1-Story Property
  • Paved or Partially Paved Lot
  • Concrete Block With Brick
  • Central Heating and Cooling System
  • Vinyl Flooring

About This Home

As of March 2018

THIS IS TWO BUILDING, EACH WITH TWO UNITS, FOUR IN TOTAL. CITY WATER, METER FOR EACH UNIT.
GREAT LOCATION. NEW SEPTIC IN NORTH UNIT, JUST COMPLETED. RENTS DO NOT REFLECT MARKET
VALUE.

Last Agent to Sell the Property

Efrain Arce

L A Estates Realty, Inc Listed on: 02/01/2018

Last Buyer's Agent

Phil Milovidoff

Fidicity Realty Inc

Fidicity Realty Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,694

Year Built

  • Built in 1982

Lot Details

  • 0.43 Acre Lot
  • Lot Dimensions: 125
  • Paved or Partially Paved Lot

Home Design

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

Interior Spaces

  • 1-Story Property
  • Corner Fireplace
  • Single Hung Windows
  • Vinyl Flooring

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Central Heating and Cooling System
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable, full electric, full telephone, internet access, water
  • Assessor Parcel Number 36110120006
  • Tax Block 116
  • $2 Seller Concession

Community Details

Overview

  • 2 Units
  • Golden Gate City Condos

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,694

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Legal Description: GOLDEN GATE UNIT 4 BLK 116 LOT 1 OR 973 PG 51
  • Property Type: Residential Income
  • Table: Residential Income
  • Street View Param: 1$26.183756$-81.70750900000001$120.47$13.33$1.00$Em_ms8BUVYVLHXXpw8iI0g
  • Building Design: Quadraplex
  • Building Description: 1 Story/Ranch, Corner, Duplex
  • Year Built: 1982
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 4
  • Total Bathrooms: 4.00
  • Total Bedrooms: 8
  • Flooring: Vinyl
  • Windows: Single Hung

Exterior Features

  • Gulf Access: No
  • Private Pool: No
  • Private Spa: No
  • Roof: Shingle
  • Construction: Concrete Block
  • Road: Access Road, County Maintained, Paved Road, Public Road
  • Exterior Finish: Stucco

Utilities

  • Cable Available: Yes
  • Cooling: Central Electric
  • Heat: Central Electric
  • Sewer: Septic
  • Water: Central

Association/Amenities

  • Pets: With Approval
  • Development: Golden Gate City
  • Community Type: Non-Gated
  • Units In Building: 2

Condo/Co-op/Association

  • Sub Condo Name: GOLDEN GATE CITY

Lot Info

  • Section: 21
  • Waterfront: No
  • Zoning Code: Multi Family
  • Acres: 0.4300
  • Lot Description: Corner, Oversize
  • Lot Dimensions: 125 X 149
  • Parcel Number: 36110120006

Rental Info

  • Tenant Pays: Cable, Full Electric, Full Telephone, Internet Access, Water

Tax Info

  • Tax Description: County Only, No Homestead
  • Taxes: 3694.00

Multi Family

  • Gross Rental Income: 3000.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 11, 2020
Sold by
Morfi Juan C
Bought by
Tropicoast Properties Llc
Current Estimated Value
$648,429

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,000
Outstanding Balance
$285,177
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$363,252

Purchase Details

Closed on
Mar 9, 2020
Sold by
Tropicoast Properties Llc
Bought by
Morfi Juan C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,000
Outstanding Balance
$285,177
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$363,252

Purchase Details

Listed on
Feb 1, 2018
Closed on
Apr 9, 2018
Sold by
Morfi Juan C
Bought by
Tropicoast Properties Llc
Seller's Agent
Efrain Arce
L A Estates Realty, Inc
Buyer's Agent
Phil Milovidoff
Fidicity Realty Inc
List Price
$399,900
Sold Price
$388,000
Premium/Discount to List
-$11,900
-2.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.88%
Original Mortgage
$290,850
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 1, 2018
Closed on
Mar 20, 2018
Sold by
Fravelo Inc
Bought by
Morfl Juan C
Seller's Agent
Efrain Arce
L A Estates Realty, Inc
Buyer's Agent
Phil Milovidoff
Fidicity Realty Inc
List Price
$399,900
Sold Price
$388,000
Premium/Discount to List
-$11,900
-2.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,850
Interest Rate
4.32%
Mortgage Type
New Conventional
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
Tropicoast Properties Llc -- Collier Title Insurance Agcy
Morfi Juan C -- Collier Title Company Llc
Tropicoast Properties Llc -- Attorney
Morfl Juan C $388,000 Collier Title Ins Agency Of
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morfi Juan C $322,000
Previous Owner Morfl Juan C $290,850
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/22/2018 03/22/18 Sold $388,000 -3.0% --
02/06/2018 02/06/18 Pending -- -- --
02/04/2018 02/04/18 For Sale $399,900 -- --
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 $6,713 $441,708 $241,176 $200,532
2024 $6,859 $524,070 $315,384 $208,686
2023 $6,859 $508,995 $0 $0
2022 $6,775 $462,723 $0 $0
2021 $6,205 $420,657 $0 $0
2020 $5,636 $382,415 $0 $0
2019 $5,120 $347,650 $172,980 $174,670
2018 $4,069 $218,932 $0 $0
2017 $3,694 $199,029 $0 $0
2016 $3,432 $180,935 $0 $0
2015 $3,258 $164,486 $0 $0
2014 $2,914 $149,533 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2018

    Efrain Arce

    L A Estates Realty, Inc

    (239) 821-2766

    2 in this area

    18 Total Sales

    Efrain Arce
    Section Image
  • Phil Milovidoff

    Buyer's Agent in 2018

    Phil Milovidoff

    Fidicity Realty Inc

    (239) 542-2084

    10 Total Sales

    Phil Milovidoff
    Section Image
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Map

Source: Naples Area Board of REALTORS®

MLS Number: 218010324

Naples Area Board of REALTORS®

APN: 36110120006

Florida Collier County Naples 34116

2400 50th Terrace SW, Naples, FL

Not Listed for Sale

MultiFamily

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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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