NOT LISTED FOR SALE
1 Bed
-- Bath
1,366 Sq Ft
0.45 Acre Lot

Sale Details

Date Sold: October 7, 2016

Last sale price $310,000 $227 Per Sq Ft

186 Days on Market

About This Home

As of October 2016

Excellent investment opportunity! 2 Duplexes and a metal out building situated on 3 adjoining lots. Located within the Bayshore CRA an up and coming boating and artist community. Close to Bayview Park boat ramp, Hamilton Harbor and Naples Botanical Gardens. All within minutes of downtown and Naples beaches. Terrific opportunity for increased revenue and future upside development potential. Current rent is 700+/- on month to month. The Current Cap Rate is 8%. Market rent is $1000 per month with a Potential Cap Rate of 13%. Many new developments are in the area. See agents for details.

Last Agent to Sell the Property

Diane Sullivan

Naples Beach & Bay Realty Inc Listed on: 02/16/2016

Co-Listed By

Kevin Small

Downing Frye Realty Inc.

Last Buyer's Agent

Diane Sullivan

Naples Beach & Bay Realty Inc Listed on: 02/16/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • 1969

Lot Details

  • 0.45

Home Design

  • Quadruplex

Listing and Financial Details

  • Tenant pays for cable

Community Details

Overview

  • Oak Ridge Manor Condos

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $7,646
  • Net Operating Income $25,654

Property Details

Home Type

Multi-Family

Year Built

1969

Lot Details

0.45 Acres

Listing Details

  • Legal Description: OAK RIDGE MANOR LOT 29-31
  • Building Design: Quadraplex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1969

Interior Features

  • Flooring: Carpet, Tile

Exterior Features

  • Roof: Shingle
  • Exterior Features: Fence
  • Construction: Concrete Block, Wood Frame
  • Exterior Features: Fence
  • Irrigation: Well
  • Windows: Single Hung

Utilities

  • Cooling: Ceiling Fans, Central Electric, Wall Unit
  • Heating: Central Electric
  • Sewer: Central
  • Water: Central, Dual Water, Well

Condo/Co-op/Association

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

Association/Amenities

  • Units in Building: 2
  • Pets: No Approval Needed
  • Development: Oak Ridge Manor

Lot Info

  • Lot Description: Regular
  • Lot Dimensions: 150 X 135
  • Section: 14
  • Zoning Code: 1

Rental Info

  • Tenant Pays: Cable

Tax Info

  • Tax Description: County Only, No Homestead
  • Tax District Type: Municipal Service Tax Unit

Multi Family

  • Gross Rental Income: 33300.00
  • Annual Expenses: 7646.00
  • Annual Net Operating Income: 25654.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 27, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Outstanding Balance
$199,272
Interest Rate
6%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Feb 16, 2016
Closed on
Oct 7, 2016
Sold by
Bought by
Seller's Agent
Diane Sullivan
Naples Beach & Bay Realty Inc
Buyer's Agent
Diane Sullivan
Naples Beach & Bay Realty Inc
List Price
$325,000
Sold Price
$310,000
Premium/Discount to List
-$15,000
-4.62%

Purchase Details

Closed on
Feb 8, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$377,344
Interest Rate
7.35%
Mortgage Type
Balloon
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$600,000 Paradise Coast Title & Escrow
$310,000 Licensed Title Agent
$503,125 Eagle Eye Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $225,000
Previous Owner $377,344
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/07/2016 10/07/16 Sold $310,000 -4.6% $227 / Sq Ft
08/20/2016 08/20/16 Pending -- -- --
02/16/2016 02/16/16 For Sale $325,000 -- $238 / Sq Ft
Source: Naples Area Board of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $7,480 $593,896
2024 $7,906 $571,342 $466,510 $104,832
2023 $7,906 $597,527 $491,063 $106,464
2022 $4,954 $270,004 $0 $0
2021 $4,961 $245,458 $0 $0
2020 $4,544 $223,144 $0 $0
2019 $3,659 $202,858 $118,800 $84,058
2018 $3,990 $228,489 $118,800 $109,689
2017 $4,400 $258,319 $143,280 $115,039
2016 $1,970 $142,103 $0 $0
2015 $2,654 $135,421 $0 $0
2014 $2,789 $145,476 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 216011584

Naples Area Board of REALTORS®

APN: 64510920001

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