NOT LISTED FOR SALE

Estimated Value: $948,000 - $1,358,000

8 Beds
8 Baths
-- Sq Ft
0.7 Acres

Last Sold June 20, 2016

Last sale price $495,000

Est. 140% increase in value since last sale

Current estimated payment $7,359/month

About This Home

As of June 2016

Excellent investment opportunity! Twin property, 2455 Thomasson, also available. Rare chance to own Four large 2 bedroom, 2 bath Duplexes, eight units in total, situated on 1.4+/- total acres. Located within the Bayshore CRA an up and coming boating and artist community. Close to Bayview Park boat ramp, Hamilton Harbor and Naples Botanical Gardens. All within minutes of downtown and Naples beaches. Roof and HVAC's replaced in 2015. Terrific opportunity for increased revenue and future upside development potential. Current rent 875 on month to month. Market rent is 1200 per month. Many new developments in the area. See agents for details. Both PID 00395280001 and 00395240009 available at 499,990 each.

Last Agent to Sell the Property

Diane Sullivan

Naples Beach & Bay Realty Inc Listed on: 04/21/2016

Last Buyer's Agent

Randy Connors

Naples Beach & Bay Realty Inc License #NAPLES-249523605

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,920

Year Built

  • 1982

Lot Details

  • 0.7

Home Design

  • Quadruplex

Listing and Financial Details

  • Tenant pays for application fee, cable, cleaning fee, credit application, departure cleaning, full electric, full telephone, internet access, long distance telephone, security

Community Details

Overview

  • 2 Buildings
  • Acreage Header Condos

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $12,500
  • Net Operating Income $42,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,920

Year Built

1982

Lot Details

0

Listing Details

  • Legal Description: 14 50 25 E 160.5FT OF W 360.5FT OF N 190.67FT OF S 240.67FT OF E1/2 OF SE1/4 OF SW1/4
  • Building Design: Quadraplex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1982

Interior Features

  • Flooring: Laminate

Exterior Features

  • Roof: Shingle
  • Exterior Features: Deck, Fruit Trees
  • Construction: Wood Frame
  • Exterior Features: Deck, Fruit Trees
  • Exterior Finish: Vinyl Siding
  • Road: County Maintained, Public Road
  • Windows: Single Hung

Utilities

  • Cooling: Central Electric
  • Heating: Central Electric
  • Sewer: Central
  • Water: Central

Condo/Co-op/Association

  • Amenities: Common Laundry
  • Community Type: Non-Gated
  • Sub Condo Name: ACREAGE HEADER

Association/Amenities

  • Units in Building: 2
  • Pets: No Approval Needed
  • Development: Acreage Header

Lot Info

  • Lot Dimensions: 161 X 193
  • Lot Back: 161
  • Lot Frontage: 161
  • Lot Left: 193
  • Lot Right: 193
  • Section: 14
  • Zoning Code: 8

Rental Info

  • Tenant Pays: Application Fee, Cable, Cleaning Fee, Credit Application, Departure Cleaning, Full Electric, Full Telephone, Internet Access, Long Distance Telephone, Security

Tax Info

  • Tax Description: County Only

Multi Family

  • Unit Count: 4
  • Gross Rental Income: 42000.00
  • Annual Expenses: 12500.00
  • Annual Net Operating Income: 42000.00
  • Total Buildings: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2016
Closed on
Jun 15, 2016
Sold by
Abbott William W and Abbott Jan V
Bought by
Fox David and Fox Brittany
Seller's Agent
Diane Sullivan
Naples Beach & Bay Realty Inc
Buyer's Agent
Randy Connors
Naples Beach & Bay Realty Inc
List Price
$499,999
Sold Price
$495,000
Premium/Discount to List
-$4,999
-1%
Current Estimated Value
$1,188,476

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$693,476
Avg. Annual Appreciation
9.88%
Original Mortgage
$371,250
Outstanding Balance
$295,570
Interest Rate
3.58%
Mortgage Type
New Conventional
Estimated Equity
$892,906

Purchase Details

Closed on
Dec 7, 2009
Sold by
Abbott William W
Bought by
Abbott William W and Abbott Jan

Purchase Details

Closed on
Aug 21, 2009
Sold by
Abbott Family Limited Partnership
Bought by
Abbott William W

Purchase Details

Closed on
Jul 1, 1998
Sold by
Shrader Patricia
Bought by
Abbott Family Ltd Ptnr

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
7.04%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 18, 1994
Sold by
Vandenberg Waltraud Henriette
Bought by
Shrader Joe L and Shrader Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,350
Interest Rate
7.2%
Mortgage Type
Commercial
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 Buyer Sale Price Title Company
Fox David $495,000 Sunbelt Title Agency
Abbott William W -- None Available
Abbott William W -- None Available
Abbott Family Ltd Ptnr $425,000 --
Shrader Joe L $130,500 --
Shrader Joe L $130,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fox David $371,250
Previous Owner Abbott Family Ltd Ptnr $340,000
Previous Owner Shrader Joe L $91,350
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/20/2016 06/20/16 Sold $495,000 -1.0% --
04/22/2016 04/22/16 Price Changed $499,990 0.0% --
04/21/2016 04/21/16 For Sale $499,999 -- --
04/21/2016 04/21/16 Pending -- -- --
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 $12,920 $955,437 -- --
2024 $12,963 $868,579 -- --
2023 $12,963 $789,617 $0 $0
2022 $10,784 $717,834 $0 $0
2021 $9,897 $652,576 $358,804 $293,772
2020 $6,648 $421,415 $187,143 $234,272
2019 $6,290 $394,132 $187,143 $206,989
2018 $6,301 $396,783 $187,143 $209,640
2017 $5,990 $373,392 $187,143 $186,249
2016 $4,790 $265,057 $0 $0
2015 $4,616 $240,961 $0 $0
2014 $3,983 $219,055 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 216026901

Naples Area Board of REALTORS®

APN: 00395280001