NOT LISTED FOR SALE

Estimated Value: $343,205 - $694,000

7 Beds
7 Baths
3,650 Sq Ft
$140/Sq Ft Est. Value

Last Sold October 15, 2021

Last sale price $750,000 $205 Per Sq Ft

Est. 32% decrease in value since last sale

Current estimated payment $3,125/month

225 Days on Market

Highlights

  • Waterfront
  • Canal Access
  • Window Unit Cooling System
  • Pinewoods Elementary School Rated A-
  • Corner Lot
  • Tile Flooring

About This Home

As of October 2021

Two 3-Unit Buildings Included in this Offering. 27581 Imperial Shores Blvd (1882sf) and 27585 Imperial Shores Blvd.(1576sf) Each building is fully leased so great investment opportunity! Pro Forma 2021 Included in Photo File.

These two adjacent properties have a dock and are located on a canal fifty yards from the Imperial River and a mile from Bonita Beach. This ideal location on a dead end street in a quiet neighborhood has attracted some million dollar homes, and is a short ride or healthy walk to the beach.
These two homes have been converted into six rental units that are so popularly priced that the tenant demand exceeds supply. They can literally be rented in a day. The Annual Gross Rents are $63,000 with a 5+% Cap Rate based on the sale price.
If the purchaser is also seeking a personal residence on the water, near shopping and the beach, and likes boating and fishing, one of the apartments or the whole house could be customized while the remaining units pay the mortgage! This could be a great opportunity for a full time or part time resident/investor.

Last Agent to Sell the Property

Gregory Sullivan

Byowner.com License #252012013 Listed on: 02/01/2021

Last Buyer's Agent

Gregory Sullivan

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,979

Year Built

  • Built in 1979

Lot Details

  • 10,781 Sq Ft Lot
  • Lot Dimensions are 100 x 0 x 0 x 0
  • Waterfront
  • Property fronts a private road
  • Street terminates at a dead end
  • Corner Lot
  • Rectangular Lot

Home Design

  • Triplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 3,650 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Full Bathrooms

Outdoor Features

  • Canal Access

Utilities

  • Window Unit Cooling System
  • Central Air
  • Heat Pump System
  • Sewer Assessments

Listing and Financial Details

  • Tenant pays for application fee, electricity, pet deposit
  • Legal Lot and Block 11b / 48
  • Assessor Parcel Number 32-47-25-B3-00048.011B

Community Details

Overview

  • 2 Buildings
  • 6 Units
  • Bonita Springs Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $20,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,979

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Sub Type: Triplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2475
  • Lot Size: 100 x 0 x 0 x 0
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: BONITA SPRINGS
  • Architectural Style: Ranch, One Story
  • Building Stories: 1
  • Structure Type: Triplex
  • Year Built: 1979
  • Property Sub Type Additional: Triplex
  • Special Features: None
  • Stories: 1

Interior Features

  • Number Of Buildings: 2
  • Private Spa: No
  • Full Bathrooms: 7
  • Total Bedrooms: 7
  • Flooring: Carpet, Tile
  • Window Features: Other

Exterior Features

  • Lot Features: Corner Lot, Rectangular Lot, Dead End
  • Pool Private: No
  • Waterfront Features: Canal Access
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Stucco
  • Property Condition: Resale
  • Roof: Shingle

Utilities

  • Cooling: Central Air, Electric, Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • 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 #: 32-47-25-B3-00048.011B
  • Zoning Description: TFC-2
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Application Fee, Electricity, Pet Deposit

Multi Family

  • Number Of Units Total: 6
  • Annual Operating Expense: 20000.0

Tax Info

  • Tax Annual Amount: 7979.0
  • Tax Block: 48
  • Tax Lot: 11b
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2021
Closed on
Dec 13, 2021
Sold by
Roberts Dale and Roberts Barbara
Bought by
Barbara Roberts Living Trust
Seller's Agent
Gregory Sullivan
Byowner.com
Buyer's Agent
Gregory Sullivan
List Price
$799,000
Sold Price
$750,000
Premium/Discount to List
-$49,000
-6.13%
Current Estimated Value
$509,551

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$240,449
Avg. Annual Appreciation
-9.12%

Purchase Details

Listed on
Feb 1, 2021
Closed on
Oct 25, 2021
Sold by
Tripoli Thomas R
Bought by
Roberts Dale and Roberts Barbara
Seller's Agent
Gregory Sullivan
Byowner.com
Buyer's Agent
Gregory Sullivan
List Price
$799,000
Sold Price
$750,000
Premium/Discount to List
-$49,000
-6.13%

Purchase Details

Closed on
Oct 19, 2012
Sold by
Nicola Robert J and Nicola Helen M
Bought by
Tripoli Thomas R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
4%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 11, 2012
Sold by
Nicola Robert L
Bought by
Nicola Robert J and Nicola Helen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
4%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 19, 2002
Sold by
Gerould Gordon R and Dehaan Gerould Carol J
Bought by
Nicola Robert L
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
Barbara Roberts Living Trust -- Accommodation
Roberts Dale $375,000 Title Partners Of South Fl I
Tripoli Thomas R $180,000 Stewart Title Company
Nicola Robert J -- Stewart Title Company
Nicola Robert L $178,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tripoli Thomas R $144,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2021 10/15/21 Sold $750,000 -6.1% $205 / Sq Ft
09/15/2021 09/15/21 Pending -- -- --
02/01/2021 02/01/21 For Sale $799,000 -- $219 / 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
2025 $5,493 $149,398 $149,388 $10
2024 $4,733 $346,501 -- --
2023 $4,733 $315,001 $120,202 $194,673
2022 $4,960 $332,138 $72,768 $259,370
2021 $3,674 $234,921 $72,768 $162,153
2020 $3,506 $220,453 $72,768 $147,685
2019 $3,375 $222,871 $72,768 $150,103
2018 $3,223 $218,030 $72,768 $145,262
2017 $3,078 $205,113 $61,988 $143,125
2016 $2,970 $200,619 $61,988 $138,631
2015 $2,641 $162,001 $30,000 $132,001
2014 -- $141,602 $30,000 $111,602
2013 -- $104,900 $28,900 $76,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 221008112

Florida Gulf Coast Multiple Listing Service

APN: 32-47-25-B3-00048.011B