NOT LISTED FOR SALE

2525 SE 16th Place Unit 1-2 Cape Coral, FL 33904

Caloosahatchee Neighborhood

Estimated Value: $312,000 - $753,000

3 Beds
2 Baths
1,800 Sq Ft
$240/Sq Ft Est. Value

Last Sold March 31, 2023

Last sale price $340,000 $189 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $2,680/month

Highlights

  • In Ground Pool
  • Oversized Lot
  • Central Heating and Cooling System
  • Cape Elementary School Rated A-
  • Tile Flooring

About This Home

As of March 2023

Hard to find duplex on an oversized lot with an inground pool!This duplex features a 2/1 on one side and 1/1 on the other, perfect for an investment or your new home. Both units feature tile throughout the main living areas, an open floor plan and a screend lanai area with private laundry. Located in central SE Cape Coral, this location is close to everything Cape Coral and Ft Myers have to offer. Don't miss out on this unique purchase opportunity!

Last Agent to Sell the Property

Patrice Kelly

John R. Wood Properties License #734506917 Listed on: 08/23/2022

John R. Wood Properties

Last Buyer's Agent

Donna Remp

Coldwell Banker Realty License #736501152

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,701

Year Built

  • Built in 1973

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 78 x 150 x 80 x 150
  • Oversized Lot

Home Design

  • Duplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,800 Sq Ft Home
  • Single Hung Windows

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • In Ground Pool
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, telephone
  • Legal Lot and Block 51 / 1193
  • Assessor Parcel Number 32-44-24-C1-01193.0510

Community Details

Overview

  • 2 Units
  • Cape Coral Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $93,022
  • Net Operating Income $17,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,701

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.272
  • Lot Size: 78 x 150 x 80 x 150
  • Road Surface Type: Paved
  • Subdivision Name: CAPE CORAL
  • Directions: N on Del Prado to right on rt on SE 26th to left on SE 16th Place
  • Architectural Style: Duplex
  • Structure Type: Duplex
  • Year Built: 1973
  • Property Sub Type Additional: Duplex
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Private Spa: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Carpet, Tile
  • Window Features: Single Hung

Exterior Features

  • Lot Features: Oversized Lot
  • Pool Features: In Ground
  • Pool Private: Yes
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: Foreign Seller
  • Construction Type: Block, Concrete, Stucco
  • Property Condition: Resale
  • Roof: Shingle

Utilities

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

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Amenities: None
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 32-44-24-C1-01193.0510
  • Zoning Description: R3-D
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Cable TV, Electricity, Telephone

Multi Family

  • Number Of Units Total: 2
  • Property Net Operating Income: 17000.0
  • Annual Operating Expense: 93022.0

Tax Info

  • Tax Annual Amount: 3700.86
  • Tax Block: 1193
  • Tax Lot: 51
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2022
Closed on
Mar 31, 2023
Sold by
Corso Silvia
Bought by
Baggett Pall Kevin
Seller's Agent
Patrice Kelly
John R. Wood Properties
Buyer's Agent
Donna Remp
Coldwell Banker Realty
List Price
$359,000
Sold Price
$340,000
Premium/Discount to List
-$19,000
-5.29%
Views
129
Current Estimated Value
$432,745

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,745
Avg. Annual Appreciation
9.80%
Original Mortgage
$333,841
Outstanding Balance
$323,713
Interest Rate
6.32%
Mortgage Type
FHA
Estimated Equity
$109,032

Purchase Details

Closed on
Nov 10, 2011
Sold by
Holton Irene Ferren and Macera Miriam Ferren
Bought by
Corso Silvia

Purchase Details

Closed on
Oct 14, 2003
Sold by
Holton Irene Ferren and Macera Miriam Ferren
Bought by
Holton Irene Ferren and Macera Miriam Ferren
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
Baggett Pall Kevin $340,000 Omega National Title
Corso Silvia $74,000 Paradise Professional Title
Holton Irene Ferren -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baggett Pall Kevin $333,841
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2023 03/31/23 Sold $340,000 -5.3% $189 / Sq Ft
03/31/2023 03/31/23 Pending -- -- --
11/29/2022 11/29/22 For Sale $359,000 0.0% $199 / Sq Ft
10/14/2022 10/14/22 Pending -- -- --
08/23/2022 08/23/22 For Sale $359,000 -- $199 / 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 $4,935 $247,478 -- --
2024 $4,401 $224,980 $98,975 $105,298
2023 $4,401 $184,159 $0 $0
2022 $4,344 $167,417 $0 $0
2021 $3,701 $173,895 $27,331 $146,564
2020 $3,432 $144,551 $22,000 $122,551
2019 $3,239 $144,539 $22,000 $122,539
2018 $2,968 $117,891 $22,000 $95,891
2017 $2,897 $125,972 $18,000 $107,972
2016 $2,662 $111,859 $19,691 $92,168
2015 $2,447 $98,197 $17,036 $81,161
2014 $2,209 $80,656 $24,431 $56,225
2013 -- $71,002 $13,557 $57,445
Source: Public Records

Agents Affiliated with this Home

  • Patrice Kelly

    Seller's Agent in 2023

    Patrice Kelly

    John R. Wood Properties

    (941) 916-4079

    21 in this area

    173 Total Sales

    Patrice Kelly
    Section Image

  • D

    Buyer's Agent in 2023

    Donna Remp

    Coldwell Banker Realty

    (610) 413-9888

    3 in this area

    27 Total Sales

    Donna Remp
    Section Image
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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 222062968

Florida Gulf Coast Multiple Listing Service

APN: 32-44-24-C1-01193.0510

Florida Lee County Cape Coral 33904 Caloosahatchee

2525 SE 16th Place Unit 1-2, Cape Coral, FL

This home is located at 2525 SE 16th Place Unit 1-2, Cape Coral, FL 33904 since 23 August 2022 and is currently estimated at $432,745, approximately $240 per square foot. This property was built in 1973. 2525 SE 16th Place Unit 1-2 is a home located in Lee County with nearby schools including Cape Elementary School, Caloosa Elementary School, and Tropic Isles Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Florida Gulf Coast Multiple Listing Service The information is being provided by Southwest Florida Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 Southwest Florida Multiple Listing Service. All Rights Reserved

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