$137,000
SOLD APR 11, 2022

262 Palmacea Rd Fort Myers, FL 33905

2 Beds
1 Bath
926 Sq Ft
7,013 Sq Ft Lot

Recently Sold

$148 Per Sq Ft

28% Below List Price

28 Days on Market

Highlights

  • Boat Ramp
  • No HOA
  • Park
  • Fruit Trees
  • Patio
  • 1 Detached Carport Space

About This Home

As of June 2022

The ultimate INVESTMENT OPPORTUNITY! Floors were replaced with a on-trend flooring and flows throughout the open living space in this 2 bedroom + study, 1 bath home. The kitchen is awaiting your final touch. New roof in 2016, as well as updated electrical. Home features completely fenced in yard with tropical trees and storage shed with lightning and washer/dryer hookups, nice covered patio on the back of the home and paved driveway! Conveniently located to Downtown Fort Myers, Schandler Hall Park and Caloosahatchee River near the new boat ramp as well as easy access to I-75 for a quick commute. Come see this nicely laid out home that offers so much potential!

Last Agent to Sell the Property

Edita Cary

Sellstate Priority Realty License #258026516 Listed on: 02/11/2022

Last Buyer's Agent

Laurie Bartlett

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $685

Year Built

  • Built in 1957

Lot Details

  • 7,013 Sq Ft Lot
  • Lot Dimensions are 50 x 140 x 50 x 140
  • North Facing Home
  • Fenced
  • Rectangular Lot
  • Fruit Trees
  • Property is zoned RS-1

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Stucco

Interior Spaces

  • 926 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room
  • Washer and Dryer Hookup

Kitchen

  • Cooktop
  • Microwave

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Detached Carport Space
  • Driveway

Outdoor Features

  • Patio
  • Outdoor Storage

Schools

  • Cypress Lake Middle School
  • Fort Myers High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 343 / 9
  • Assessor Parcel Number 04-44-25-03-00009.3430

Community Details

Overview

  • No Home Owners Association
  • Association fees include cable TV
  • Russell Park Subdivision

Recreation

  • Boat Ramp
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$685

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.161
  • Lot Size: 50 x 140 x 50 x 140
  • Ownership: Single Family
  • Subdivision Name: RUSSELL PARK
  • Architectural Style: Other, Ranch, One Story
  • Carport Y N: Yes
  • Garage Yn: No
  • Building Stories: 1
  • Year Built: 1957
  • ResoBuildingAreaSource: Appraiser
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Furnished: Unfurnished
  • Private Spa: No
  • Appliances: Cooktop, Microwave, Refrigerator
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Laminate, Vinyl
  • Interior Amenities: Bedroom on Main Level, Living/Dining Room, None, Other
  • Living Area: 926.0
  • Stories: 1
  • Window Features: Other
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Lot Features: Rectangular Lot
  • Pool Private: No
  • View: Landscaped
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: Seller Disclosure
  • Construction Type: Stucco, Wood Frame
  • Direction Faces: North
  • Exterior Features: Fence, Fruit Trees, Patio, Room For Pool, Storage
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Shingle

Garage/Parking

  • Carport Spaces: 1.0
  • Covered Parking Spaces: 1.0
  • Parking Features: Driveway, Paved, Detached Carport

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Security: Fenced
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Assessment Paid

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Amenities: Boat Ramp, Park
  • Association: No
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Cable TV

Schools

  • High School: FORT MYERS
  • Middle Or Junior School: CYPRESS LAKE

Lot Info

  • Parcel #: 04-44-25-03-00009.3430
  • Zoning Description: RS-1
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 1

Tax Info

  • Tax Annual Amount: 685.0
  • Tax Block: 9
  • Tax Lot: 343
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 21, 2025
Sold by
Bismuth Bridge Propco Llc
Bought by
Bismuth Bridge Propco Llc
Current Estimated Value
$210,939

Purchase Details

Closed on
Oct 30, 2023
Sold by
Bay Street Homes Llc
Bought by
Mason Street Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,500,000
Interest Rate
7.19%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 30, 2022
Closed on
Jun 21, 2022
Sold by
Property Max Re Corp Inc
Bought by
Bay Street Homes Llc
Seller's Agent
Laurie Bartlett
Coral Breeze Realty, LLC
Buyer's Agent
Laurie Bartlett
List Price
$207,000
Sold Price
$207,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.78%

Purchase Details

Listed on
Feb 11, 2022
Closed on
Apr 11, 2022
Sold by
Eliseo Cordero
Bought by
Property Max Re Corp
Seller's Agent
Edita Cary
Sellstate Priority Realty
Buyer's Agent
Laurie Bartlett
List Price
$189,900
Sold Price
$137,000
Premium/Discount to List
-$52,900
-27.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
777.85%

Purchase Details

Closed on
Apr 7, 2021
Sold by
Cordero Jaime
Bought by
Cordero Eliseo

Purchase Details

Closed on
Jul 7, 2016
Sold by
Cordero Eliseo
Bought by
Cordero Jalme

Purchase Details

Closed on
Jan 28, 2016
Sold by
Brian Jimmy and Cordero Jimmy Brian
Bought by
Cordero Eliseo

Purchase Details

Closed on
Jan 9, 2015
Sold by
Williams Leo Joseph
Bought by
Brian Jimmy

Purchase Details

Closed on
Jun 30, 2009
Sold by
Downey Bernarth Jacqueline
Bought by
Williams Leo Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,725
Interest Rate
5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 30, 2005
Sold by
Tardiff Tardiff Marjorie Louise Jones Marjorie Louise Jones and Tardiff Quesada Pamela Dianne
Bought by
Downey Bernarth Jaqueline

Purchase Details

Closed on
Mar 28, 2005
Sold by
Mcintyre Jack
Bought by
Tardiff Tardiff Marjorie Louise Jones Marjorie Louise Jones and Tardiff Quesada Pamela Dianne
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $100 None Listed On Document
Special Warranty Deed $100 Divvy Title Agency
Warranty Deed $207,000 Milestone Title Services
Warranty Deed $137,000 Title Professionals
Quit Claim Deed $55,000 None Available
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- None Available
Quit Claim Deed $21,300 None Available
Warranty Deed $28,425 Stewart Title Company
Warranty Deed $25,000 Furlong Title Company
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $178,500,000 New Conventional
Previous Owner $28,725 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2022 06/21/22 Sold $207,000 0.0% $224 / Sq Ft
06/20/2022 06/20/22 Pending -- -- --
05/30/2022 05/30/22 For Sale $207,000 +51.1% $224 / Sq Ft
04/11/2022 04/11/22 Sold $137,000 -27.9% $148 / Sq Ft
03/12/2022 03/12/22 Pending -- -- --
02/11/2022 02/11/22 For Sale $189,900 -- $205 / 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
2024 $2,897 $168,178 $14,060 $129,738
2023 $2,051 $112,601 $6,764 $92,442
2022 $1,791 $95,853 $20,248 $75,605
2021 $854 $51,292 $14,514 $36,778
2020 $685 $27,456 $4,800 $22,656
2019 $265 $9,568 $0 $0
2018 $264 $9,390 $0 $0
2017 $250 $9,197 $0 $0
2016 $547 $19,518 $5,711 $13,807
2015 $271 $15,398 $3,904 $11,494
2014 $316 $19,090 $3,972 $15,118
2013 -- $15,196 $3,654 $11,542
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 222009954

Florida Gulf Coast Multiple Listing Service

APN: 04-44-25-03-00009.3430