NOT LISTED FOR SALE

Estimated Value: $1,591,679

0.38 Acre
$4,188,629 Price per Acre
16,553 Sq Ft Lot

Last Sold June 15, 2022

Last sale price $1,750,000 $521 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $9,526/month

106 Days on Market

Highlights

  • 0.38 Acre Lot
  • Corner Fireplace
  • Door to Door Trash Pickup
  • Naples High School Rated A-
  • Landscaped
  • Paved or Partially Paved Lot

About This Lot

As of June 2022

Exceptional Corner Lot location. Located on the East Tamiami Tr. just a few hundred yards from the new Bayshore Triangle Development. Currently the property has a unoccupied motel located thereon.

Last Agent to Sell the Property

Karl Faerber

William Raveis Real Estate Listed on: 02/02/2022

William Raveis Real Estate

Last Buyer's Agent

Karl Faerber

William Raveis Real Estate Listed on: 02/02/2022

William Raveis Real Estate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $8,064

Lot Details

  • 0.38 Acre Lot
  • Property fronts an alley
  • South Facing Home
  • Landscaped
  • Paved or Partially Paved Lot

Additional Features

  • Corner Fireplace
  • Cable TV Available

Community Details

  • Inomah Condos
  • Door to Door Trash Pickup

Listing and Financial Details

  • Assessor Parcel Number 51690040005
  • Tax Block A

Property Details

Property Type

Land

Est. Annual Taxes

$8,064

Lot Details

0

Listing Details

  • Legal Description: INOMAH BLK A LOTS 1 + 2
  • Property Type: Lot & Land
  • Table: Lot & Land
  • Street View Param: 1$26.132487$-81.774996$326.20$13.33$1.00$hO6fWD1WjAqjgZe4zaG6zg
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Gulf Access Yn: No
  • Road: Alley, Paved Road, Public Road
  • View: Landscaped Area, Parking Lot, Partial Buildings

Utilities

  • Utilities Available: Cable, Electric, Phone Line, Trash Removal
  • Sewer: Central
  • Water: Central

Condo/Co-op/Association

  • Sub Condo Name: INOMAH

Association/Amenities

  • Development: Inomah
  • Community Type: Non-Gated

Lot Info

  • Price Per Acre: 4605263.16
  • Section: 11
  • Acres: 0.3800
  • Waterfront: No
  • Ground Cover: Remarks
  • Land Use Code: 39-Hotels, Motels
  • Lot Description: Corner
  • Lot Type: Commercial Lot
  • Rear Exposure: S
  • Usage: Commercial
  • Parcel Number: 51690040005

Tax Info

  • Taxes: 8064.00
  • Tax Year: 2021
  • Tax Description: County Only

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2022
Closed on
Jun 15, 2022
Sold by
Crosley Brands Group Llc
Bought by
2486 Tamiami Trail Llc
Seller's Agent
Karl Faerber
William Raveis Real Estate
Buyer's Agent
Karl Faerber
William Raveis Real Estate
List Price
$2,125,000
Sold Price
$1,750,000
Premium/Discount to List
-$375,000
-17.65%
Current Estimated Value
$1,591,679

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$158,321
Avg. Annual Appreciation
-2.61%

Purchase Details

Closed on
Jun 17, 2021
Sold by
Master Cleaners Pro Services Inc
Bought by
Crosley Brands Group Llc

Purchase Details

Closed on
May 15, 2019
Sold by
Shivparvti Llc
Bought by
Master Cleaners Pro Services Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$567,943
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 1, 2014
Sold by
Despain Dennis R and Despain Susan
Bought by
Shivparvti Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
5.25%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 24, 2003
Sold by
Lester Owen
Bought by
Despain Dennis R and Despain Susan
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
2486 Tamiami Trail Llc $1,750,000 New Title Company Name
Crosley Brands Group Llc $1,700,000 Accommodation
Master Cleaners Pro Services Inc $1,550,000 Attorney
Shivparvti Llc $420,000 Attorney
Despain Dennis R $500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Master Cleaners Pro Services Inc $567,943
Previous Owner Shivparvti Llc $220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2022 06/15/22 Sold $1,750,000 0.0% $521 / Sq Ft
05/18/2022 05/18/22 Off Market $1,750,000 -- --
05/17/2022 05/17/22 Price Changed $1,750,000 -17.6% $521 / Sq Ft
02/02/2022 02/02/22 For Sale $2,125,000 -- $632 / 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 $14,441 $1,415,389 $947,141 $468,248
2024 $15,534 $1,434,027 $974,669 $459,358
2023 $15,534 $1,506,487 $933,509 $572,978
2022 $16,033 $1,462,427 $933,509 $528,918
2021 $8,064 $706,208 $386,245 $319,963
2020 $9,251 $818,079 $454,406 $363,673
2019 $4,194 $354,145 $0 $0
2018 $3,661 $321,950 $164,640 $157,310
2017 $3,503 $297,354 $0 $0
2016 $3,110 $270,322 $0 $0
2015 $3,043 $260,708 $0 $0
2014 $2,968 $251,512 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 222008056

Naples Area Board of REALTORS®

APN: 51690040005