NOT LISTED FOR SALE

25 Cypress St Unit 25,27 North Fort Myers, FL 33903

Estimated Value: $203,000 - $304,000

4 Beds
2 Baths
1,160 Sq Ft
$209/Sq Ft Est. Value

Last Sold October 20, 2023

Last sale price $285,000 $246 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $1,583/month

Highlights

  • Impact Glass
  • Patio
  • Central Heating and Cooling System
  • North Fort Myers High School Rated A

About This Home

As of October 2023

Income producing Duplex easy to manage brings in $36,000 gross income yearly. Tenant occupied currently with month to month leases at $1,500 per month per unit x2 . Impact resistant windows newly installed and fully remodeled with an effective year built status 2003. No showings will be allowed without prior notice to tenants. Viewings will be made possible at a given time that will be scheduled with POF qualified buyers. Priced to sell to first
Buyers at asking price or above.

Last Agent to Sell the Property

Albert Baeza

RE/MAX Gulf Coast Realty License #258007805 Listed on: 09/13/2023

RE/MAX Gulf Coast Realty

Last Buyer's Agent

Non-listing FGC MLS Non-Listing agent

FGC Non-MLS Office License #258029255

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,134

Year Built

  • Built in 1944

Lot Details

  • 5,445 Sq Ft Lot
  • Lot Dimensions are 101 x 53 x 55 x 101

Home Design

  • 1,160 Sq Ft Home
  • Duplex
  • Shingle Roof

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Patio

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Listing and Financial Details

  • Tenant pays for cable TV, electricity, grounds care, pet deposit, telephone, water
  • Legal Lot and Block 6 / O
  • Assessor Parcel Number 11-44-24-01-000P0.0060

Community Details

Overview

  • 2 Units
  • North Fort Myers Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $4,000
  • Net Operating Income $32,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,134

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.125
  • Lot Size: 101 x 53 x 55 x 101
  • Subdivision Name: NORTH FORT MYERS
  • Directions: From 41 N Cleveland Av at Pondella proceed east towards old 41 N Tamiami Trail make a right and your second street Cypress make a right and property will be on your left .
  • Architectural Style: Duplex
  • Structure Type: Duplex
  • Year Built: 1944
  • Property Sub Type Additional: Duplex
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Private Spa: No
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Flooring: See Remarks
  • Window Features: Impact Glass

Exterior Features

  • Lot Features: See Remarks
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: See Remarks
  • Exterior Features: Patio
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Shingle

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Public

Condo/Co-op/Association

  • Amenities: See Remarks
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 11-44-24-01-000P0.0060
  • Zoning Description: TFC2
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Cable TV, Electricity, Grounds Care, Pet Deposit, Telephone, Water

Multi Family

  • Number Of Units Total: 2
  • Property Net Operating Income: 32000.0
  • Annual Operating Expense: 4000.0

Tax Info

  • Tax Annual Amount: 1133.7
  • Tax Block: O
  • Tax Lot: 6
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2023
Closed on
Oct 20, 2023
Sold by
Ramirez Erika
Bought by
Kobayashi Karina Pereira
Seller's Agent
Albert Baeza
RE/MAX Gulf Coast Realty
Buyer's Agent
Non-listing FGC MLS Non-Listing agent
FGC Non-MLS Office
List Price
$285,000
Sold Price
$285,000
Views
58
Current Estimated Value
$242,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$42,333
Avg. Annual Appreciation
-7.65%
Original Mortgage
$213,750
Outstanding Balance
$209,547
Interest Rate
7.12%
Mortgage Type
New Conventional
Estimated Equity
$33,120

Purchase Details

Closed on
Feb 2, 2023
Sold by
Tko Investments Inc
Bought by
Ramirez Erika

Purchase Details

Closed on
Aug 4, 2020
Sold by
Jaime Taveras Of Upward Properties Llc and Upward Properties Llc
Bought by
Tko Investments Inc

Purchase Details

Closed on
May 29, 2020
Sold by
London S Future Holdings Llc
Bought by
Upward Properties Llc

Purchase Details

Closed on
Oct 8, 2019
Sold by
Decanes Holdings Llc
Bought by
Londons Future Holdings Llc

Purchase Details

Closed on
Nov 29, 2018
Sold by
Stonegate Properties Llc
Bought by
Decanes Holdings Llc

Purchase Details

Closed on
Dec 28, 2017
Sold by
Red Brick Development Inc
Bought by
Stonegate Proeprties Llc

Purchase Details

Closed on
Jun 10, 2015
Sold by
Ahmadi Abdalrahim
Bought by
Barbour Real Estate Llc

Purchase Details

Closed on
Oct 10, 2014
Sold by
Susanno Rocco
Bought by
Ahmadi Abdalrahim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
4.15%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
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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
Kobayashi Karina Pereira $285,000 Fidelity Title
Ramirez Erika $2,880 Title Specialists
Tko Investments Inc $100 None Available
Upward Properties Llc $35,000 Omega National Ttl Agcy Llc
Londons Future Holdings Llc $24,000 Omega Title Llc
Decanes Holdings Llc $25,000 Patriot Title Serivces Llc
Stonegate Proeprties Llc $32,500 Lyons Title & Trust
Red Brick Developments Inc $20,000 Lyons Title & Trust
Barbour Real Estate Llc $43,500 Attorney
Ahmadi Abdalrahim $200,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kobayashi Karina Pereira $213,750
Previous Owner Ahmadi Abdalrahim $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/20/2023 10/20/23 Sold $285,000 0.0% $246 / Sq Ft
10/16/2023 10/16/23 Pending -- -- --
09/13/2023 09/13/23 For Sale $285,000 -- $246 / Sq Ft
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
2025 $3,670 $228,568 -- --
2024 $3,670 $207,789 $12,100 $195,689
2023 $166 $11,388 $11,378 $10
2022 $1,134 $31,229 $0 $0
2021 $985 $30,014 $6,678 $23,336
2020 $1,062 $35,122 $5,724 $29,398
2019 $1,077 $37,284 $2,862 $34,422
2018 $1,651 $72,547 $2,862 $69,685
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 223066108

Florida Gulf Coast Multiple Listing Service

APN: 11-44-24-01-000P0.0060