NOT LISTED FOR SALE

27 NE 16th Place Cape Coral, FL 33909

Hancock Neighborhood

Estimated Value: $450,000 - $497,000

6 Beds
4 Baths
2,280 Sq Ft
$205/Sq Ft Est. Value

Last Sold March 24, 2021

Last sale price $320,000 $140 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $2,969/month

6 Days on Market

Highlights

  • Tile Flooring
  • Central Heating and Cooling System
  • Rectangular Lot
  • Cape Elementary School Rated A-

About This Home

As of March 2021

Great opportunity with this duplex which features 3 bedrooms, 2 baths and 1 car garages on EACH side. Lots of space in these units with 1,140 square feet of living area, the high ceilings add to the roomy feeling. Kitchen offers an island concept overlooking the great room. City utilities in and paid.

Last Agent to Sell the Property

Jessica King-Ehrhardt

Florida Resale Properties Inc License #258027872 Listed on: 02/15/2021

Last Buyer's Agent

Terry Duffy

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,613

Year Built

  • Built in 2005

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 80 x 125 x 80 x 125
  • Rectangular Lot

Home Design

  • Duplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,280 Sq Ft Home
  • Single Hung Windows

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Central Heating and Cooling System
  • Sewer Assessments

Listing and Financial Details

  • Tenant pays for application fee, electricity, water
  • Legal Lot and Block 14 / 1503
  • Assessor Parcel Number 08-44-24-C4-01503.0140

Community Details

Overview

  • 2 Units
  • Cape Coral Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $28,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,613

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.23
  • Lot Size: 80 x 125 x 80 x 125
  • Subdivision Name: CAPE CORAL
  • Architectural Style: Duplex
  • Structure Type: Duplex
  • Year Built: 2005
  • Property Sub Type Additional: Duplex
  • Special Features: None

Interior Features

  • Private Spa: No
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Flooring: Carpet, Tile
  • Window Features: Single Hung

Exterior Features

  • Lot Features: Rectangular Lot
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Exterior Features: Room For Pool
  • Property Condition: Resale
  • Roof: Shingle

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 08-44-24-C4-01503.0140
  • Zoning Description: R3-D
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Application Fee, Electricity, Water

Multi Family

  • Number Of Units Total: 2
  • Property Net Operating Income: 28200.0

Tax Info

  • Tax Annual Amount: 4613.0
  • Tax Block: 1503
  • Tax Lot: 14
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2021
Closed on
Mar 22, 2021
Sold by
International Cap Investment Co Iii Llc
Bought by
Espinoza Joseph William and Espinoza Anna Joy
Seller's Agent
Jessica King-Ehrhardt
Florida Resale Properties Inc
Buyer's Agent
Terry Duffy
List Price
$314,500
Sold Price
$320,000
Premium/Discount to List
$5,500
1.75%
Current Estimated Value
$455,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,333
Avg. Annual Appreciation
8.90%
Original Mortgage
$240,000
Outstanding Balance
$216,224
Interest Rate
2.73%
Mortgage Type
New Conventional
Estimated Equity
$251,443

Purchase Details

Closed on
Feb 4, 2014
Sold by
Lorenzo Aresmy Y
Bought by
International Capital Investment Company

Purchase Details

Closed on
Jan 31, 2007
Sold by
Ivanov Valeri and Ivanov Valery
Bought by
Lorenzo Aresmy Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,200
Interest Rate
7.45%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 31, 2005
Sold by
Bravas Inc
Bought by
Ivanov Valeri and Ivanov Valery

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,900
Interest Rate
8.05%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 22, 2005
Sold by
Ivanov Valeri
Bought by
Bravas Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,800
Interest Rate
5.84%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 30, 2004
Sold by
Argurcia Alejandro
Bought by
Ivanov Valeri

Purchase Details

Closed on
Dec 11, 2001
Sold by
Marie Laferlita John and Marie Laferlite
Bought by
Agurcia Alejandro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,800
Interest Rate
6.42%
Mortgage Type
Commercial
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
Espinoza Joseph William $320,000 Florida Gulf Coast Ttl Speci
International Capital Investment Company $123,700 None Available
Lorenzo Aresmy Y $319,000 Attorney
Ivanov Valeri -- Milestone Title Company
Bravas Inc -- Milestone Title
Ivanov Valeri $40,000 --
Agurcia Alejandro $11,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Espinoza Joseph William $240,000
Previous Owner Lorenzo Aresmy Y $255,200
Previous Owner Lorenzo Aresmy Y $63,800
Previous Owner Ivanov Valeri $315,900
Previous Owner Bravas Inc $215,800
Previous Owner Ivanov Valeriy $173,600
Previous Owner Agurcia Alejandro $7,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2021 03/24/21 Sold $320,000 +1.7% $140 / Sq Ft
02/22/2021 02/22/21 Pending -- -- --
02/15/2021 02/15/21 For Sale $314,500 -- $138 / 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 $5,913 $295,917 $54,503 $237,110
2023 $5,913 $288,117 $82,058 $206,059
2022 $6,108 $315,279 $45,000 $270,279
2021 $4,858 $224,299 $45,000 $179,299
2020 $4,613 $203,479 $45,000 $158,479
2019 $4,423 $201,060 $35,000 $166,060
2018 $4,205 $189,769 $35,000 $154,769
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jessica King-Ehrhardt

    Florida Resale Properties Inc

    (239) 839-0201

    9 in this area

    93 Total Sales

    Jessica King-Ehrhardt
    Section Image

  • T

    Buyer's Agent in 2021

    Terry Duffy

    Section Image
See All Agents

Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 221011908

Florida Gulf Coast Multiple Listing Service

APN: 08-44-24-C4-01503.0140

Florida Lee County Cape Coral 33909 Hancock

27 NE 16th Place, Cape Coral, FL

This home is located at 27 NE 16th Place, Cape Coral, FL 33909 since 15 February 2021 and is currently estimated at $467,667, approximately $205 per square foot. This property was built in 2005. 27 NE 16th Place is a home located in Lee County with nearby schools including Caloosa Elementary School, Hancock Creek Elementary School, and Tropic Isles Elementary School.

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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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