NOT LISTED FOR SALE

Estimated Value: $586,095 - $618,000

6 Beds
6 Baths
3,458 Sq Ft
$174/Sq Ft Est. Value

Last Sold October 01, 2024

Last sale price $593,000 $171 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,859/month

9 Days on Market

Highlights

  • Open Floorplan
  • No HOA
  • Luxury Vinyl Tile Flooring
  • Challenge School Rated A
  • Laundry Room
  • Central Heating and Cooling System

About This Home

As of October 2024

This quadplex presents a unique investment opportunity in a property designed for low maintenance and long-term durability. Built with concrete block construction and a stucco exterior, these units are made to last. The property features two 2-bedroom, 2-bath units and two 1-bedroom, 1-bath units, each with its own covered lanai, offering a diverse range of rental possibilities. Located in the highly sought-after Silver Springs Shores area, this property is ideally situated to attract tenants. Inside each unit, you'll find an open floor plan and spacious kitchens adorned with elegant maple cabinetry, granite countertops, and stainless-steel appliances, including a range, range hood, dishwasher, and refrigerator. These high-quality features enhance the appeal of the residences. For added convenience, each unit is equipped with washer and dryer connections, while granite countertops in the bathrooms add a touch of luxury. Knockdown ceilings and textured walls contribute to the sophisticated ambiance throughout. Completed less than three years ago, this property offers immediate ownership without the wait for new development. All units are currently leased and professionally managed by a reputable property management company, providing investors with a hassle-free opportunity. Rest assured that your investment is well-managed, with dedicated professionals ensuring smooth operations and tenant satisfaction. To maintain the comfort and privacy of our tenants, viewings will be arranged during the due diligence period. We appreciate your understanding and commitment to preserving a peaceful environment for our residents. Please contact us to further discuss the property details. Note* Not all units are shown as they are occupied. **We are asking for highest and best offer Wednesday, 8/28/2024, by 5:00 pm eastern time. We will not be using escalatory addendums.

Last Agent to Sell the Property

LISA LEATH

SUNCOAST PROPERTY MANAGEMENT L Brokerage Phone: 904-667-4459 License #0513550 Listed on: 08/22/2024

Last Buyer's Agent

Larry Quartararo, III

RE/MAX PREMIER REALTY LADY LK License #3426375

RE/MAX PREMIER REALTY LADY LK

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,419

Year Built

  • Built in 2021

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 99x201

Home Design

  • Quadruplex
  • Slab Foundation
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 3,458 Sq Ft Home
  • Open Floorplan
  • Blinds
  • Luxury Vinyl Tile Flooring

Kitchen

  • Range with Range Hood
  • Dishwasher

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Utilities

  • Central Heating and Cooling System
  • Well
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 4 Units
  • Silver Spgs Shores Un 24 Subdivision

Listing and Financial Details

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,419

Year Built

Built in 2021

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 3458
  • Lot Size Acres: 0.46
  • New Construction: No
  • Year Built: 2021
  • Lot Size Sq Ft: 20038
  • Status: Sold
  • Ownership: Fee Simple
  • Escrow City: Cape Coral, FL 33904
  • Escrow State: FL
  • Escrow Street Name: Del Prado Blvd S, Suite 304
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 171.49
  • Total Acreage: 1/4 to less than 1/2
  • Water Access YN: 0
  • Attribution Contact: 904-667-4459
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Luxury Vinyl
  • Interior Amenities: Open Floorplan
  • Appliances Included: Dishwasher, Electric Water Heater, Range, Range Hood, Refrigerator
  • Foundation Details: Slab
  • Window Features: Blinds
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 321.26

Exterior Features

  • Exterior Features: Other
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Paved
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Utilities: Cable Connected, Electricity Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Electric Dryer Hookup, Inside, Laundry Closet, Laundry Room, Washer Hookup
  • Sewer: Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Zoning: R3
  • Parcel Number: 9024-0550-15
  • Additional Parcels: No
  • Lot Dimensions: 99x201
  • Flood Zone Code: x

Rental Info

  • Lease Restrictions YN: 0
  • Additional Lease Restrictions: Always verify rental restrictions, if any, with county, city and local government as restrictions do change

Multi Family

  • Number Of Units Total: 4
  • Total Num Buildings: 1
  • Unit Count: 4

Tax Info

  • Tax Annual Amount: 7419.3
  • Tax Block: 550
  • Tax Book Number: J-188SILVER
  • Tax Lot: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 30, 2025
Sold by
Hamilton Adam
Bought by
Winn Estates Llc
Current Estimated Value
$602,774

Purchase Details

Listed on
Aug 22, 2024
Closed on
Nov 13, 2024
Sold by
Winn Estates Llc
Bought by
Hamilton Adam
Seller's Agent
LISA LEATH
SUNCOAST PROPERTY MANAGEMENT L
Buyer's Agent
Larry Quartararo, III
RE/MAX PREMIER REALTY LADY LK
List Price
$590,000
Sold Price
$593,000
Premium/Discount to List
$3,000
0.51%
Views
61

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.43%
Original Mortgage
$415,100
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 22, 2024
Closed on
Sep 26, 2024
Sold by
Ostrom Timothy
Bought by
Winn Estates Llc
Seller's Agent
LISA LEATH
SUNCOAST PROPERTY MANAGEMENT L
Buyer's Agent
Larry Quartararo, III
RE/MAX PREMIER REALTY LADY LK
List Price
$590,000
Sold Price
$593,000
Premium/Discount to List
$3,000
0.51%
Views
61

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,100
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 16, 2021
Sold by
Southern Impression Homes Llc
Bought by
Ostrom Timothy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$314,925
Interest Rate
2.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 15, 2018
Sold by
Peek Albert
Bought by
Southern Impression Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,362
Interest Rate
4.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Winn Estates Llc $100 Land Title Of America
Winn Estates Llc $100 Land Title Of America
Hamilton Adam $100 Land Title Of America
Winn Estates Llc $593,000 Anchor Title
Ostrom Timothy $419,900 Anchor Title Services Llc
Southern Impression Homes Llc $167,143 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hamilton Adam $415,100
Previous Owner Ostrom Timothy $314,925
Previous Owner Southern Impression Homes Llc $125,362
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2024 10/01/24 Sold $593,000 +0.5% $171 / Sq Ft
08/31/2024 08/31/24 Pending -- -- --
08/22/2024 08/22/24 For Sale $590,000 -- $171 / Sq Ft
Source: Stellar MLS

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
2024 $8,221 $410,989 -- --
2023 $7,419 $373,626 $0 $0
2022 $6,587 $339,660 $31,000 $308,660
2021 $1,154 $22,000 $22,000 $0
2020 $332 $20,000 $20,000 $0
2019 $266 $12,000 $12,000 $0
2018 $152 $6,000 $6,000 $0
2017 $138 $4,600 $4,600 $0
2016 $131 $4,000 $0 $0
2015 $132 $4,000 $0 $0
2014 $128 $4,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: OM684367

Stellar MLS

APN: 9024-0550-15