NOT LISTED FOR SALE

Estimated Value: $514,000 - $734,000

5 Beds
3 Baths
-- Sq Ft
0.32 Acres

Last Sold October 07, 2016

Last sale price $266,400

Est. 125% increase in value since last sale

Current estimated payment $3,599/month

80 Days on Market

About This Home

As of October 2016

All brick. well maintained and cared for duplex sitting on two lots close to beaches, shopping, and downtown Naples. Located within the Bayshore CRA an up and coming boating and artist community. Close to Bay-view Park boat ramp, Hamilton Harbor and Naples Botanical Gardens.

An excellent investment opportunity. Tenants in place for both units. One tenant is an annual lease and the other tenant is month to month. Current cap rate 8.6

One unit has 3 Bedrooms and 2 Baths and the second unit has 2 bedrooms and one bath. The second unit is recently updated.

Duplex sits on a double lot, both units have a large lanai and fenced yard.

Last Agent to Sell the Property

Diane Sullivan

Naples Beach & Bay Realty Inc License #NAPLES-359000082 Listed on: 06/04/2016

Co-Listed By

Kevin Small

Downing Frye Realty Inc. License #NAPLES-249512899

Last Buyer's Agent

Diane Sullivan

Naples Beach & Bay Realty Inc License #NAPLES-359000082 Listed on: 06/04/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,770

Year Built

  • 1981

Lot Details

  • 0.32

Home Design

  • Duplex

Listing and Financial Details

  • Tenant pays for application fee, cable, cleaning fee, credit application, departure cleaning, full electric, full telephone, internet access, long distance telephone, pest control

Community Details

Overview

  • Oak Ridge Manor Condos

Pet Policy

  • Call for details about the types of pets allowed

Building Details

  • Operating Expense $6,357
  • Net Operating Income $20,343

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,770

Year Built

1981

Lot Details

0

Listing Details

  • Legal Description: OAK RIDGE MANOR LOTS 7 + 8
  • Street View Param: 1$26.11963186775516$-81.76833087075397$307.40$13.33$1.00$
  • Building Design: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1981

Interior Features

  • Flooring: Carpet, Laminate, Tile

Exterior Features

  • Roof: Shingle
  • Exterior Features: Fence, Outdoor Shower, Patio
  • Construction: Concrete Block
  • Exterior Features: Fence, Outdoor Shower, Patio
  • Exterior Finish: Brick
  • Road: Paved Road
  • Windows: Single Hung

Utilities

  • Cooling: Central Electric
  • Heating: Central Electric
  • Sewer: Central
  • Water: Central

Condo/Co-op/Association

  • Amenities: Internet Access
  • Community Type: Non-Gated
  • Sub Condo Name: OAK RIDGE MANOR

Association/Amenities

  • Units in Building: 2
  • Pets: With Approval
  • Development: Oak Ridge Manor

Lot Info

  • Lot Dimensions: 100 X 139
  • Lot Back: 100
  • Lot Frontage: 100
  • Lot Left: 139
  • Lot Right: 139
  • Lot Unit: 7
  • Section: 14
  • Zoning Code: 8 - MULTI-FAMILY LESS THAN 10 UNIT

Rental Info

  • Tenant Pays: Application Fee, Cable, Cleaning Fee, Credit Application, Departure Cleaning, Full Electric, Full Telephone, Internet Access, Long Distance Telephone, Pest Control

Tax Info

  • Tax Description: County Only

Multi Family

  • Unit Count: 2
  • Gross Rental Income: 26700.00
  • Annual Expenses: 6357.00
  • Annual Net Operating Income: 20343.00
  • Total Buildings: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 11, 2017
Sold by
Diaz Gonzalo Alejandro Guerra
Bought by
Diaz Gonzalo Alejandro Guerra
Current Estimated Value
$599,982

Purchase Details

Listed on
Jun 4, 2016
Closed on
Oct 7, 2016
Sold by
Cammarta Anthont
Bought by
Diaz Alejandro Guerra
Seller's Agent
Diane Sullivan
Naples Beach & Bay Realty Inc
Buyer's Agent
Diane Sullivan
Naples Beach & Bay Realty Inc
List Price
$259,900
Sold Price
$266,400
Premium/Discount to List
$6,500
2.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.78%
Original Mortgage
$261,574
Outstanding Balance
$212,369
Interest Rate
3.44%
Mortgage Type
FHA
Estimated Equity
$395,265

Purchase Details

Closed on
Feb 8, 2006
Sold by
Townsend Ricky A and Townsend Vickie
Bought by
Cammarota Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,500
Interest Rate
1.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 8, 1994
Sold by
Townsend Loran H
Bought by
Townsend Ricky A and Townsend Vickie
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
Diaz Gonzalo Alejandro Guerra -- None Available
Diaz Alejandro Guerra $266,400 None Available
Cammarota Anthony $446,875 Eagle Eye Title Company
Townsend Ricky A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Diaz Alejandro Guerra $261,574
Previous Owner Cammarota Anthony $357,500
Previous Owner Townsend Ricky A $78,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/07/2016 10/07/16 Sold $266,400 -1.3% --
08/24/2016 08/24/16 Price Changed $269,900 +3.8% --
08/23/2016 08/23/16 Pending -- -- --
08/16/2016 08/16/16 For Sale $259,900 0.0% --
06/17/2016 06/17/16 Pending -- -- --
06/04/2016 06/04/16 For Sale $259,900 -- --
Source: Naples Area Board of REALTORS®

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
2023 $3,770 $267,853 $0 $0
2022 $3,369 $250,979 $0 $0
2021 $3,385 $235,420 $0 $0
2020 $3,148 $222,812 $0 $0
2019 $2,766 $210,253 $80,850 $129,403
2018 $3,382 $215,223 $80,850 $134,373
2017 $3,502 $223,386 $97,510 $125,876
2016 $2,678 $165,740 $0 $0
2015 $2,657 $154,872 $0 $0
2014 $2,436 $140,793 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 216037223

Naples Area Board of REALTORS®

APN: 64510240008