NOT LISTED FOR SALE

Estimated Value: $510,000 - $696,000

4 Beds
2 Baths
-- Sq Ft
15,246 Sq Ft Lot

Sale Details

Date Sold: August 31, 2022

Last sale price $535,000

Est. 11% increase in value since last sale

Current estimated payment $3,669 / mo

2 Days on Market

Highlights

  • 0.35 Acre Lot
  • Fruit Trees
  • Concrete Block With Brick
  • Naples High School Rated A-
  • Room in yard for a pool
  • Community Playground

About This Home

As of August 2022

Great location for this renovated investment property. An income producer with 2 bedrooms 1 bath on each side of duplex with screened lanai on the back of each side. 2014 appliances and roof, spacious yard on large double lot, close to great schools, dining, and shopping 8 minutes from downtown Naples and beautiful Gulf beaches. This would also make a great air BNB, there are no HOA fees or restrictions. The tenants are on a low month to month lease. The 12' x 24' Ted's Shed is included with sale.

Last Agent to Sell the Property

Kathy Smith

Downing Frye Realty Inc. Listed on: 07/29/2022

Downing Frye Realty Inc.

Last Buyer's Agent

Tyler Macchi

Redfin Corporation License #FORT-258032385

Redfin Corporation

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,255

Year Built

  • Built in 1973

Lot Details

  • 15,246 Sq Ft Lot
  • Lot Dimensions: 110
  • Street terminates at a dead end
  • Paved or Partially Paved Lot
  • Fruit Trees

Home Design

  • Duplex
  • Concrete Block With Brick
  • Shingle Roof
  • Stucco

Interior Spaces

  • Double Hung Windows
  • Storage

Flooring

  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Pool

  • Room in yard for a pool

Utilities

  • Central Heating and Cooling System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for full electric
  • Assessor Parcel Number 48784280001

Community Details

Overview

  • 2 Units
  • Hallendale Condos

Recreation

  • Community Playground

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $1,840
  • Net Operating Income $20,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,255

Year Built

Built in 1973

Lot Details

0.35 Acres

Listing Details

  • Legal Description: HALLENDALE LOTS 115, 116 AND W 10FT OF LOT 117
  • Property Type: Residential Income
  • Table: Residential Income
  • Street View Param: 1$26.099623$-81.768317$56.71$13.33$1.00$5iHHZEzmxIBmCUIHeME4YQ
  • Building Design: Duplex
  • Building Description: Duplex
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 4
  • Flooring: Concrete, Tile
  • Windows: Double Hung

Exterior Features

  • Gulf Access: No
  • Private Pool: No
  • Private Spa: No
  • Roof: Shingle
  • Construction: Concrete Block
  • Road: County Maintained, Dead End, Paved Road, Public Road
  • Exterior Features: Extra Building, Fruit Trees, Room for Pool, Storage
  • Exterior Finish: Stucco

Utilities

  • Cable Available: Yes
  • Cooling: Central Electric
  • Heat: Central Electric
  • Sewer: Central
  • Water: Central

Association/Amenities

  • Pets: No Approval Needed
  • Development: Hallendale
  • Amenities: Internet Access, Play Area
  • Community Type: Non-Gated
  • Units In Building: 2

Condo/Co-op/Association

  • Sub Condo Name: HALLENDALE

Lot Info

  • Section: 23
  • Waterfront: No
  • Zoning Code: 8
  • Acres: 0.3500
  • Lot Description: Oversize
  • Lot Dimensions: 110 X 135
  • Parcel Number: 48784280001

Rental Info

  • Tenant Pays: Full Electric

Tax Info

  • Tax Description: County Only
  • Taxes: 3255.32

Multi Family

  • Gross Rental Income: 21900.00
  • Annual Expenses: 1840.00
  • Annual Net Operating Income: 20000.00
  • Total Buildings: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2022
Closed on
Aug 31, 2022
Sold by
Ralkenmark Properties Llc
Bought by
Ranjan Mahim and Nagvanshi Preeti
Seller's Agent
Kathy Smith
Downing Frye Realty Inc.
Buyer's Agent
Tyler Macchi
Redfin Corporation
List Price
$520,000
Sold Price
$535,000
Premium/Discount to List
$15,000
2.88%
Current Estimated Value
$592,621

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,621
Avg. Annual Appreciation
2.87%
Original Mortgage
$401,250
Outstanding Balance
$384,221
Interest Rate
5.54%
Mortgage Type
New Conventional
Estimated Equity
$208,400

Purchase Details

Closed on
Feb 11, 2014
Sold by
Mcgovern Terry Lee
Bought by
Ralkenmark Properties Llc

Purchase Details

Closed on
Jun 2, 2004
Sold by
Mcgovern David
Bought by
Mcgovern Terry Lee

Purchase Details

Closed on
Dec 30, 1997
Sold by
Brisson E T
Bought by
Mcgovern David R and Mcgovern Phyllis J

Purchase Details

Closed on
Oct 3, 1995
Sold by
Stanley Nancy Ann Brown and Brown Nancy Ann
Bought by
Mcgovern Phyllis J and Mcgovern David R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
7.83%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ranjan Mahim $535,000 --
Ralkenmark Properties Llc $60,000 Stewart Title Company
Mcgovern Terry Lee -- --
Mcgovern David R $6,000 --
Mcgovern Phyllis J $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ranjan Mahim $401,250
Previous Owner Mcgovern Phyllis J $45,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2022 08/31/22 Sold $535,000 +2.9% --
07/31/2022 07/31/22 Pending -- -- --
07/29/2022 07/29/22 For Sale $520,000 -- --
Source: Naples Area Board of REALTORS®

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 $6,071 $451,658 $385,000 $66,658
2024 $5,874 $456,481 $395,010 $61,471
2023 $5,874 $432,715 $358,050 $74,665
2022 $3,854 $201,377 $0 $0
2021 $3,255 $183,070 $0 $0
2020 $2,878 $166,427 $0 $0
2019 $2,614 $151,297 $0 $0
2018 $2,470 $137,543 $0 $0
2017 $2,319 $125,039 $0 $0
2016 $2,062 $113,672 $0 $0
2015 $1,827 $103,338 $0 $0
2014 $936 $30,511 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 222055917

Naples Area Board of REALTORS®

APN: 48784280001

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