NOT LISTED FOR SALE

2902 Santa Barbara Blvd Cape Coral, FL 33914

Pelican Neighborhood

Estimated Value: $491,000 - $549,000

0.34 Acre
$1,520,588 Price per Acre
14,810 Sq Ft Lot

Last Sold December 22, 2017

Last sale price $60,000

Est. 762% increase in value since last sale

Current estimated payment $3,296/month

208 Days on Market

About This Lot

As of December 2017

ALL UTILITY ASSESSMENTS PAID IN FULL FOR THIS GREAT COMMERCIAL SITE (CURRENT ZONING AS PER CITY IS MARKET PLACE RESIDENTIAL) WITH FUTURE TO BE COMMERCIAL ACTIVITY CENTER. SANTA BARBARA EXTENDS FROM CAPE CORAL PARKWAY TO WILMINGTON PARKWAY AND IS ONE OF CAPE CORALS MOST HEAVILY TRAFFICKED COMMERCIAL SITES

Last Agent to Sell the Property

Bill Keenan

Real Estate Corp of America License #258002370 Listed on: 04/27/2017

Last Buyer's Agent

Daniel Kelly

Horizon Realty & Development License #360521015

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $688

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 120 x 125 x 120 x 125
  • East Facing Home
  • Property is zoned MR

Utilities

  • Sewer Assessments

Community Details

  • Cape Coral Subdivision

Listing and Financial Details

  • Legal Lot and Block 54-56 / 1842
  • Assessor Parcel Number 35-44-23-C3-01842.0540

Property Details

Property Type

Land

Est. Annual Taxes

$688

Lot Details

0

Listing Details

  • Property Sub Type: Commercial
  • Prop. Type: Land
  • Lot Size Acres: 0.34
  • Lot Size: 120 x 125 x 120 x 125
  • Road Surface Type: Paved
  • Subdivision Name: CAPE CORAL
  • Directions: NORTH ON SANTA BARBARA FROM CAPE CORAL PARKWAY TO PROPERTY WHICH IS ON THE WEST SIDE OF SANTA BARBARA BOULEVARD JUST SOUTH OF VETERANS
  • Property Sub Type Additional: Commercial,Unimproved Land
  • Special Features: None

Interior Features

  • Possible Use: See Remarks

Exterior Features

  • Lot Features: Multiple lots, See Remarks
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: See Remarks
  • Direction Faces: East

Utilities

  • Sewer: Assessment Paid
  • Utilities: Electricity Available, Sewer Available, Water Available
  • Water Source: Assessment Paid

Condo/Co-op/Association

  • Community Features: Non-Gated, See Remarks
  • Amenities: None

Fee Information

  • Association Fee Includes: None

Lot Info

  • Current Use: Commercial
  • Parcel #: 35-44-23-C3-01842.0540
  • Zoning Description: MR
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 688.0
  • Tax Block: 1842
  • Tax Lot: 54-56
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 26, 2019
Sold by
Kmk Carribbean Holdings Llc
Bought by
Castro Maria Eugenia and Castro Jessica Vanessa
Current Estimated Value
$517,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,660
Outstanding Balance
$299,062
Interest Rate
3.5%
Mortgage Type
FHA
Estimated Equity
$217,938

Purchase Details

Closed on
Jul 9, 2018
Sold by
Alliance Homes Llc
Bought by
Kmk Carribbean Holdings Llc

Purchase Details

Listed on
Apr 27, 2017
Closed on
Dec 19, 2017
Sold by
Lynn Franklin Llc
Bought by
Alliance Homes Llc
Seller's Agent
Bill Keenan
Real Estate Corp of America
Buyer's Agent
Daniel Kelly
Horizon Realty & Development
List Price
$79,900
Sold Price
$60,000
Premium/Discount to List
-$19,900
-24.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.34%

Purchase Details

Closed on
May 5, 2017
Sold by
Jac Of Sw Florida Llc
Bought by
Lynn Franklin Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,710
Interest Rate
4.1%
Mortgage Type
Balloon

Purchase Details

Closed on
Jul 15, 2004
Sold by
D & D Investments Of Lee County Inc
Bought by
Rajchel Michael and Ariniello John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
6.75%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 4, 2004
Sold by
Kauumba Geri
Bought by
D & D Investments Of Lee County Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,600
Interest Rate
5.53%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 18, 2002
Sold by
Staffile & Haywood Realty Inc
Bought by
Kauumba Geri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$21,500
Interest Rate
7.08%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Castro Maria Eugenia $350,000 Townsend Title Ins Agcy Llc
Kmk Carribbean Holdings Llc -- Attorney
Alliance Homes Llc $60,000 Townsent Title Ins Agency Ll
Lynn Franklin Llc $57,500 Attorney
Rajchel Michael $100,000 Elite Title Services Of Sw F
D & D Investments Of Lee County Inc $67,000 Elite Title Services Of Sw F
Kauumba Geri $30,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Castro Maria Eugenia $343,660
Previous Owner Lynn Franklin Llc $47,710
Previous Owner Rajchel Michael $70,000
Previous Owner D & D Investments Of Lee County Inc $53,600
Previous Owner Kauumba Geri $21,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/22/2017 12/22/17 Sold $60,000 -24.9% --
11/22/2017 11/22/17 Pending -- -- --
04/27/2017 04/27/17 For Sale $79,900 -- --
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 $6,850 $382,499 -- --
2024 $6,558 $357,984 -- --
2023 $6,558 $335,259 $0 $0
2022 $5,840 $314,314 $0 $0
2021 $5,477 $308,493 $65,257 $243,236
2020 $4,912 $279,391 $46,000 $233,391
2019 $975 $32,890 $32,890 $0
2018 $985 $31,395 $31,395 $0
Source: Public Records

Agents Affiliated with this Home

  • Bill Keenan

    Seller's Agent in 2017

    Bill Keenan

    Real Estate Corp of America

    (828) 489-8225

    36 Total Sales

    Bill Keenan
    Section Image

  • D

    Buyer's Agent in 2017

    Daniel Kelly

    Horizon Realty & Development

    (239) 541-9800

    11 Total Sales

    Daniel Kelly
    Section Image
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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 217029939

Florida Gulf Coast Multiple Listing Service

APN: 35-44-23-C3-01842.0540

Florida Lee County Cape Coral 33914 Pelican

2902 Santa Barbara Blvd, Cape Coral, FL

Not Listed for Sale

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