NOT LISTED FOR SALE

Estimated Value: $7,575,000 - $8,497,000

4 Beds
6 Baths
5,014 Sq Ft
$1,579/Sq Ft Est. Value

Last Sold August 14, 2015

Last sale price $4,800,000 $957 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $47,729/month

21 Days on Market

About This Home

As of August 2015

H.6999 - Bermuda Island style home on pristine Lantern Lake, in walking distance to beach, Port Royal Club, tennis and fitness. This is essentially a new home after extensive renovations in 2006/2007/2011/2014.. All new stone work enhances the outside steps, decking, lanai and pool area, featuring a newly added spa. Inside a magnificent Family Room with 27' ceiling, petite French Bistro bar and wall display wine cooler. Kitchen renovated in 2014. Extensive upgrades, including Wolf gas range and Miele's newest quick prep steam oven. Expanded counter space & enlarged center island. Upstairs master with his and her baths, walk around closet (16' x 18'), second laundry, breakfast kitchen and sunset deck. The lake views are stunning and the sunset skies seductive.

Last Agent to Sell the Property

Jim Mayer

John R Wood Properties License #NAPLES-249501524 Listed on: 04/16/2015

John R Wood Properties

Co-Listed By

Linda Mayer

Luxury Relocation Services Inc License #NAPLES-249500643

Last Buyer's Agent

Florean Mader

John R Wood Properties License #NAPLES-249521059

John R Wood Properties

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 22, 2020
Sold by
Cady Alfred M and Cady Toni M
Bought by
Cady Alfred M and Cady Toni M
Total Days on Market
21
Current Estimated Value
$7,918,030

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,540,900
Outstanding Balance
$2,281,579
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$6,619,039

Purchase Details

Listed on
Apr 16, 2015
Closed on
Aug 14, 2015
Sold by
Lyon Michael D
Bought by
Alfred M Cady Iii Third Restated Revocab
Seller's Agent
Jim Mayer
John R Wood Properties
Buyer's Agent
Florean Mader
John R Wood Properties
List Price
$5,300,000
Sold Price
$4,800,000
Premium/Discount to List
-$500,000
-9.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.49%
Original Mortgage
$2,880,000
Interest Rate
2.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 14, 2006
Sold by
Rakow Karen C and Rakow Robert
Bought by
Lyon Michael D

Purchase Details

Closed on
Mar 29, 1996
Sold by
Phillips J Scott and Phillips Bonnie
Bought by
Rakow Karen C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$910,000
Interest Rate
6.9%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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
Cady Alfred M -- First American Mortgage Sln
Alfred M Cady Iii Third Restated Revocab $4,800,000 Attorney
Lyon Michael D $4,500,000 Attorney
Rakow Karen C $1,300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cady Alfred M $2,540,900
Closed Rakow Karen C --
Closed Alfred M Cady Iii Third Restated Revocab $2,880,000
Previous Owner Rakow Karen C $500,000
Previous Owner Rakow Robert $1,500,000
Previous Owner Rakow Karen C $500,000
Previous Owner Rakow Karen C $910,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2015 08/14/15 Sold $4,800,000 -9.4% $957 / Sq Ft
05/07/2015 05/07/15 Pending -- -- --
04/16/2015 04/16/15 For Sale $5,300,000 -- $1,057 / 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
2023 $39,379 $4,298,910 $0 $0
2022 $40,501 $4,173,699 $0 $0
2021 $41,138 $4,052,135 $0 $0
2020 $40,134 $3,996,188 $0 $0
2019 $39,654 $3,906,342 $0 $0
2018 $38,834 $3,833,505 $0 $0
2017 $38,247 $3,754,657 $0 $0
2016 $37,609 $3,677,431 $0 $0
2015 $24,467 $2,337,404 $0 $0
2014 $24,561 $2,268,853 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 215024351

Naples Area Board of REALTORS®

APN: 17310240006