NOT LISTED FOR SALE

Estimated Value: $2,379,000 - $2,804,000

6 Beds
4 Baths
3,313 Sq Ft
$770/Sq Ft Est. Value

Last Sold November 23, 2022

Last sale price $2,320,000 $700 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $15,886/month

27 Days on Market

Highlights

  • Across the Road from Lake or Ocean
  • 0.18 Acre Lot
  • Corner Lot
  • Naples Bayside Academy Rated A
  • Wood Flooring
  • Private Yard

About This Home

As of November 2022

Stunning and rare Naples Island Triplex on a huge 7,891 sqft lot! This beautiful charming 3-unit property has 3,313 sqft of living space with dual paned windows throughout, TWO completely renovated 2 Bedroom, 1 Bathroom units (#257 & 259) with original hardwood floors, tons of natural light, living rooms with a dining area, beautiful kitchen with higher end stainless steel appliances, laundry hook-ups and remodeled tub/shower bath. The additional unit (#255) is a well maintained 2 bedroom, 2 bathroom townhouse style home which features a large living room, kitchen and dining area, downstairs bedroom and bathroom, a private yard space and an upstairs master retreat plus/office den with laundry hookups along with an additional private patio. The spacious lot features beautiful landscaping, an enclosed backyard area for units #257 & 259 and THREE 1-car garages (one for each unit) additionally, a small workshop off the garages with a new roof installed on the garages in 2021. All located just steps to the Bay and Naples Canals, and a few blocks from Belmont Shore's fine dining and shops and the Beach. Don’t miss this very unique opportunity in Naples! All 3 units are tenant occupied.

Last Agent to Sell the Property

Kym Elder

Coldwell Banker Realty License #01320231 Listed on: 08/29/2022

Coldwell Banker Realty

Last Buyer's Agent

Kurt Hertzog

Lyon Stahl Investment Real Estate, Inc. License #02011145

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 7,891 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Corner Lot
  • Sprinkler System
  • Private Yard
  • Front Yard

Parking

  • 3 Car Garage
  • Parking Available
  • Single Garage Door
  • Assigned Parking

Home Design

  • Triplex
  • Turnkey
  • Rolled or Hot Mop Roof
  • Composition Roof

Interior Spaces

  • 3,313 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Neighborhood Views
  • Laundry Room

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Water Heater

Additional Features

  • Exterior Lighting
  • Across the Road from Lake or Ocean

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 1 / 10
  • Tax Tract Number 7293
  • Assessor Parcel Number 7244002024

Community Details

Overview

  • 3 Units
  • Naples Subdivision

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $2,040
  • Insurance Expense $3,500
  • Water Sewer Expense $1,800
  • New Taxes Expense $27,000
  • Operating Expense $34,704
  • Gross Income $94,200
  • Net Operating Income $59,496

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Naples (NA)
  • View: Yes
  • Water Sewer Expenses: 1800.00
  • Zoning: LBR2S
  • Property Condition: Turnkey
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 2040.00
  • Parcel Number: 7244002024
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 700.27
  • Window Features: Double Pane Windows

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Roof: Composition, Rolled/Hot Mop
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned, Garage, Garage - Single Door
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Microwave, Refrigerator, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Front Yard, Landscaped, Lot 6500-9999, Sprinkler System, Yard
  • Lot Size Sq Ft: 7891.00
  • Lot Size Acres: 0.1812

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 94200.00
  • Gross Operating Income: 94200.00
  • Gross Scheduled Income: 94200.00
  • Insurance Expense: 3500.00
  • Lot Size Area: 7891.0000 Square Feet
  • Net Operating Income: 59496.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Dishwasher: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 34704.00
  • Rent Control: Yes
  • Total Actual Rent: 7850.00
  • Total Expenses: 34704.00
  • Waterfront Features: Across the Road from Lake/Ocean

Tax Info

  • New Taxes Expense: 27000.00
  • Tax Block: 10
  • Tax Census Tract: 5775.01
  • Tax Lot: 1
  • Tax Tract Number: 7293

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2022
Closed on
Sep 30, 2022
Sold by
S Brower Living Trust and Collins Sandra
Bought by
Michaels Bradley Kenneth and Alarid Olga
Seller's Agent
Kym Elder
Coldwell Banker Realty
Buyer's Agent
Kurt Hertzog
Lyon Stahl Investment Real Estate, Inc.
List Price
$2,395,000
Sold Price
$2,320,000
Premium/Discount to List
-$75,000
-3.13%
Views
36
Current Estimated Value
$2,552,517

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$232,517
Avg. Annual Appreciation
3.13%
Original Mortgage
$1,624,000
Interest Rate
5.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 11, 2003
Sold by
Andrews Carol M and Andrews Tamara Lynn
Bought by
Brower Stuart L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$725,000
Interest Rate
5.82%

Purchase Details

Closed on
Nov 21, 1997
Sold by
Andrews Carolyn M and Andrews Tamara Lynn
Bought by
Andrews Carolyn M and Andrews Tamara Lynn
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Michaels Bradley Kenneth $2,320,000 Ticor Title
Brower Stuart L $1,125,000 Fidelity National Title Co
Andrews Carolyn M -- --
Andrews Carolyn M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Michaels Bradley Kenneth $1,624,000
Previous Owner Brower Stuart L $725,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/23/2022 11/23/22 Sold $2,320,000 -3.1% $700 / Sq Ft
09/25/2022 09/25/22 Pending -- -- --
08/29/2022 08/29/22 For Sale $2,395,000 -- $723 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $30,155 $2,413,728 $1,560,600 $853,128
2024 $30,155 $2,366,400 $1,530,000 $836,400
2023 $29,658 $2,320,000 $1,500,000 $820,000
2022 $18,973 $1,535,387 $571,844 $963,543
2021 $17,166 $1,380,000 $514,000 $866,000
2020 $17,291 $1,489,848 $554,884 $934,964
2019 $18,393 $1,460,636 $544,004 $916,632
2018 $17,863 $1,431,997 $533,338 $898,659
2016 $16,429 $1,376,393 $512,629 $863,764
2015 $14,684 $1,260,000 $469,300 $790,700
2014 $14,856 $1,329,164 $495,039 $834,125
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22190009

California Regional Multiple Listing Service (CRMLS)

APN: 7244-002-024