NOT LISTED FOR SALE

3317 Edgewood Ave Unit 1-4 Fort Myers, FL 33916

Edgewood Neighborhood

Estimated Value: $547,000 - $716,000

8 Beds
4 Baths
3,638 Sq Ft
$162/Sq Ft Est. Value

Last Sold May 30, 2024

Last sale price $580,000 $159 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,746/month

64 Days on Market

Highlights

  • Patio
  • Central Heating and Cooling System
  • Rectangular Lot
  • Tile Flooring
  • Ceiling Fan
  • 4-minute walk to Freemont Park

About This Home

As of May 2024

Calling all investors. OPPORTUNITY KNOCKS! These units are only being SOLD to settle an Estate. Extremely stable and reliable rental income from this one owner quadplex property. This property will make a handsome addition to your portfolio and extremely easy to manage with little to no updating needed. This lot has two duplexes (for a total of 4 units) with plenty of off street parking. Each unit has 2 Bedrooms, Full Bath, Laundry area, rear patio, tile floors, and are in a quiet neighborhood close to downtown. All units have been meticulously maintained by the Sellers and have had many updates throughout the past few years including new A/C units.
Just down the block, 3277-3233 Edgewood Avenue (MLS# 224027627) owned by the same Sellers is also available for sale to make an 8 plex package if desired. It has similar floor plans with two duplex buildings sharing the lot, with the same set up as this listing. Total package of 8 units is priced at $1,400,000. Seller will look at all serious offers.

Last Agent to Sell the Property

John Seibert

John R. Wood Properties License #325500815 Listed on: 03/26/2024

John R. Wood Properties

Last Buyer's Agent

Non-listing FGC MLS Non-Listing agent

FGC Non-MLS Office License #258029255

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,635

Year Built

  • Built in 1988

Lot Details

  • 0.27 Acre Lot
  • Rectangular Lot

Home Design

  • Quadruplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 3,638 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Hung Windows
  • Tile Flooring

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Outdoor Features

  • Patio

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for credit check, electricity, internet, security, water
  • Legal Lot and Block 18 / 14
  • Assessor Parcel Number 07-44-25-P3-03614.0180

Community Details

Overview

  • 4 Units
  • Edgewood Subd Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,635

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.27
  • Road Surface Type: Paved
  • Subdivision Name: EDGEWOOD SUBD
  • Directions: Palm Beach Blvd. to Superior Street. North on Superior Street to Edgewood Avenue. Properties will be on your left.
  • Architectural Style: Ranch, One Story
  • Building Stories: 1
  • Structure Type: Quadruplex
  • Year Built: 1988
  • Property Sub Type Additional: Quadruplex
  • Special Features: None
  • Stories: 1

Interior Features

  • Private Spa: No
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Flooring: Tile
  • Window Features: Double Hung

Exterior Features

  • Lot Features: Rectangular Lot
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: Seller Disclosure
  • Construction Type: Block, Concrete, Stucco
  • Exterior Features: Patio
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Shingle

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Amenities: None
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 07-44-25-P3-03614.0180
  • Zoning Description: RS-7
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Credit Check, Electricity, Internet, Security, Water

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 5634.63
  • Tax Block: 14
  • Tax Lot: 18
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2024
Closed on
May 28, 2024
Sold by
Yvonne T Namour Trust and Namour Joseph N
Bought by
Musgrove Arraven
Seller's Agent
John Seibert
John R. Wood Properties
Buyer's Agent
Non-listing FGC MLS Non-Listing agent
FGC Non-MLS Office
List Price
$750,000
Sold Price
$580,000
Premium/Discount to List
-$170,000
-22.67%
Views
30
Current Estimated Value
$590,210

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,210
Avg. Annual Appreciation
1.61%
Original Mortgage
$464,000
Outstanding Balance
$460,170
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
$130,040

Purchase Details

Closed on
May 20, 2015
Sold by
Namour Yvonne Tanious
Bought by
Namour Yvonne T and Yvonne T Namour Trust
Source: Public Records

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Range of Values:

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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
Musgrove Arraven $580,000 Fidelity National Title Of Flo
Namour Yvonne T -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Musgrove Arraven $464,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2024 05/31/24 Pending -- -- --
05/30/2024 05/30/24 Sold $580,000 -17.1% $159 / Sq Ft
04/17/2024 04/17/24 Price Changed $700,000 -6.7% $192 / Sq Ft
03/26/2024 03/26/24 For Sale $750,000 -- $206 / Sq Ft
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
2024 $5,635 $178,639 -- --
2023 $5,635 $162,399 $0 $0
2022 $5,107 $147,635 $0 $0
2021 $4,772 $184,187 $8,350 $175,837
2020 $4,137 $163,917 $8,350 $155,567
2019 $3,975 $160,693 $7,700 $152,993
2018 $3,893 $159,081 $7,700 $151,381
2017 $3,780 $156,666 $7,000 $149,666
2016 $3,690 $158,078 $7,000 $151,078
2015 $3,426 $126,504 $6,050 $120,454
2014 -- $91,812 $6,050 $85,762
2013 -- $64,355 $8,600 $55,755
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 224027634

Florida Gulf Coast Multiple Listing Service

APN: 07-44-25-P3-03614.0180