NOT LISTED FOR SALE

2651 Terrace Ave Naples, FL 34104

East Naples Neighborhood

Estimated Value: $539,000 - $1,062,000

10 Beds
-- Bath
-- Sq Ft
0.75 Acre Lot

Sale Details

Date Sold: January 15, 2016

Last sale price $585,000

Est. 30% increase in value since last sale

Current estimated payment $4,690 / mo

242 Days on Market

About This Home

As of January 2016

HUGE PRICE REDUCTION ! SELLER MOTIVATED... 8 very clean rental units in Naples close to beaches, boating, public transportation, health care and shopping. VERY well maintained property with two separate lots consisting of two triplex buildings on one lot and one duplex on its own lot. City water and sewer plus private well for irrigation. Duplex units each have a private yard with gates, and each of the triplex units have outdoor seating areas. Buildings have been recently painted, landscaped, and units 1,2A & 2B were all completely remodeled in 2013 with hurricane windows, doors & Oak Cabinets.. Cap rate of 7% at asking price with below market rents...

Last Agent to Sell the Property

Richard Paganes

Equity Realty Listed on: 04/02/2015

Co-Listed By

Sarah Willig

Premiere Plus Realty Company

Last Buyer's Agent

Matthew Pikus

Current Property Management

Townhouse Details

Home Type

  • Townhome

Year Built

  • 2003

Lot Details

  • 0.75

Listing and Financial Details

  • Tenant pays for cable

Community Details

Overview

  • Brookside Condos

Pet Policy

  • No Pets Allowed

Building Details

  • Operating Expense $26,915
  • Net Operating Income $46,685

Townhouse Details

Home Type

Townhome

Year Built

2003

Lot Details

0.75 Acres

Listing Details

  • Legal Description: N G + T C L F NO 2 2 50 25 W 100FT OF E 118FT OF SLY 224.44FT OF W1/2 OF LOT 27 LESS S 60FT OR 2026 PG 1439
  • Special Features: None
  • Property Sub Type: Townhouses
  • Year Built: 2003

Interior Features

  • Flooring: Tile

Exterior Features

  • Roof: Built-Up or Flat, Shingle
  • Exterior Features: Fence
  • Construction: Concrete Block
  • Exterior Features: Fence
  • Exterior Finish: Stucco
  • Irrigation: Well
  • Road: Paved Road
  • Windows: Double Hung

Utilities

  • Cooling: Central Electric, Wall Unit
  • Sewer: Central
  • Water: Central, Well

Condo/Co-op/Association

  • Community Type: Non-Gated
  • Sub Condo Name: BROOKSIDE

Association/Amenities

  • Units in Building: 8
  • Pets: Not Allowed

Lot Info

  • Lot Description: Oversize
  • Lot Dimensions: 100 X 328
  • Section: 2
  • Zoning Code: rsf10

Rental Info

  • Tenant Pays: Cable

Tax Info

  • Tax Description: County Only

Multi Family

  • Gross Rental Income: 73600.00
  • Annual Expenses: 26915.00
  • Annual Net Operating Income: 46685.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 12, 2018
Sold by
Bought by
Current Estimated Value
$757,861

Purchase Details

Listed on
Apr 2, 2015
Closed on
Jan 14, 2016
Sold by
Bought by
Seller's Agent
Richard Paganes
Equity Realty
Buyer's Agent
Matthew Pikus
Current Property Management
List Price
$749,900
Sold Price
$585,000
Premium/Discount to List
-$164,900
-21.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.49%

Purchase Details

Closed on
Jan 14, 2014
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
0.0448%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 13, 2000
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$750,000 Licensed Title Agency
$292,500 Action Title Services
$65,000 Attorney
$217,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $250,000
Previous Owner $250,000
Previous Owner $200,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/15/2016 01/15/16 Sold $585,000 -22.0% --
11/30/2015 11/30/15 Pending -- -- --
04/02/2015 04/02/15 For Sale $749,900 -- --
Source: Naples Area Board of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $6,733 $515,545
2024 $6,054 $468,677
2023 $6,054 $426,070 $0 $0
2022 $5,870 $387,336 $0 $0
2021 $5,378 $352,124 $221,850 $130,274
2020 $4,962 $321,089 $206,550 $114,539
2019 $4,797 $306,568 $206,550 $100,018
2018 $4,500 $270,994 $0 $0
2017 $4,068 $246,358 $135,150 $111,208
2016 $3,835 $218,714 $0 $0
2015 $2,321 $198,831 $0 $0
2014 $2,587 $126,473 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2016

    Richard Paganes

    Equity Realty

    (239) 963-4070

    4 in this area

    10 Total Sales

    Richard Paganes
    Section Image
  • Sarah Willig

    Seller Co-Listing Agent in 2016

    Sarah Willig

    Premiere Plus Realty Company

    (239) 732-7837

    2 Total Sales

    Sarah Willig
    Section Image

  • M

    Buyer's Agent in 2016

    Matthew Pikus

    Current Property Management

    (609) 234-1389

    1 in this area

    13 Total Sales

    Matthew Pikus
    Section Image
See All Agents

Map

Source: Naples Area Board of REALTORS®

MLS Number: 215021488

Naples Area Board of REALTORS®

APN: 61833200003

Florida Collier County Naples 34104 East Naples

2651 Terrace Ave, Naples, FL

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.

Naples Area Board of REALTORS® The source of this real property information is the copyrighted and proprietary database compilation of the M.L.S. of Naples, Inc. Copyright 2026 M.L.S. of Naples, Inc. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.