NOT LISTED FOR SALE

Estimated Value: $979,965 - $1,156,000

6 Beds
6 Baths
-- Sq Ft
0.52 Acres

Last Sold December 27, 2023

Last sale price $1,080,000

Est. 3% decrease in value since last sale

Current estimated payment $6,313/month

38 Days on Market

Highlights

  • 0.52 Acre Lot
  • Patio
  • Central Heating and Cooling System
  • High Impact Windows
  • 1-Story Property
  • 4-minute walk to East Naples Community Park

About This Home

As of December 2023

Triplex Exclusive Investment Opportunity! This property represents an exceptional investment, featuring carefully newly renovated units and an excellent location that maximizes its desirability and has the potential to generate long-term returns on your investment.
One of the major advantages of this property is the ability to diversify your investment portfolio by renting it out annually, seasonally, or for short-term stays without the constraints imposed by an HOA. The extensive updates include a New Roof, New Impact Resistant Windows & Doors, Water Heater, LVP flooring, Stucco, New Modern Kitchen and fully renovated Bathrooms. These renovations not only enhance the property's aesthetic appeal, but also ensure that OWNERSHIP COSTS REMAIN LOW.
Perfectly positioned in the heart of a rapidly growing area, such as the Naples Botanical Garden, Sugden Park on Avalon Lake, & the East Naples Community Park - which hosts the Pickleball Championships. Close to vibrant destinations like 5th Ave South & 3rd St South, and White Sandy Beaches of the Gulf. The property is unoccupied and available for immediate income-generating potential, and discover why Naples is a hotspot for investors!

Last Agent to Sell the Property

Dmitriy Khamitov

Downing Frye Realty Inc. Listed on: 10/20/2023

Downing Frye Realty Inc.

Last Buyer's Agent

Neno Mihajlovikj

Realty One Group MVP

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,149

Year Built

  • Built in 1984

Lot Details

  • 0.52 Acre Lot
  • Paved or Partially Paved Lot

Home Design

  • Triplex
  • Wood Frame Construction
  • Metal Roof
  • Stucco

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • Vinyl Flooring
  • High Impact Windows

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Full Bathrooms

Outdoor Features

  • Patio

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable, full electric, internet access, sewer, water
  • Assessor Parcel Number 22670080001
  • Tax Block 3
  • $5,000 Seller Concession

Community Details

Overview

  • 3 Units
  • Avalon Estates Condos
  • Avalon Estates Community

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,149

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Legal Description: AVALON EST REPLAT E 10FT LOT 1 & ALL LOT 2 & 3 & WLY 28FT LOT 4 ALSO WLY 8FT OF SLY 80FT LOT 9 & SLY 80FT OF LOT 10, AVALON ESTATES UNIT 1 BLK 3, OR 1966 PG 886
  • Property Type: Residential Income
  • Table: Residential Income
  • Street View Param: 1$26.110324$-81.761795$106.63$13.33$1.00$FqSR9WxWfr35ID4gTWsvxA
  • Building Design: Triplex
  • Building Description: 1 Story/Ranch
  • Year Built: 1984
  • Property Information: Triplex Exclusive Investment Opportunity! This property represents an exceptional investment, featuring carefully newly renovated units and an excellent location that maximizes its desirability and has the potential to generate long-term returns on your investment. One of the major advantages of this property is the ability to diversify your investment portfolio by renting it out annually, seasonally, or for short-term stays without the constraints imposed by an HOA. The extensive updates include a New Roof, New Impact Resistant Windows & Doors, Water Heater, LVP flooring, Stucco, New Modern Kitchen and fully renovated Bathrooms. These renovations not only enhance the property's aesthetic appeal, but also ensure that OWNERSHIP COSTS REMAIN LOW. Perfectly positioned in the heart of a rapidly growing area, such as the Naples Botanical Garden, Sugden Park on Avalon Lake, & the East Naples Community Park - which hosts the Pickleball Championships. Close to vibrant destinations like 5th Ave South & 3rd St South, and White Sandy Beaches of the Gulf. The property is unoccupied and available for immediate income-generating potential, and discover why Naples is a hotspot for investors!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 6
  • Total Bathrooms: 6.00
  • Total Bedrooms: 6
  • Flooring: Vinyl
  • Windows: Impact Resistant

Exterior Features

  • Gulf Access: No
  • Private Pool: No
  • Private Spa: No
  • Roof: Metal
  • Construction: Wood Frame
  • Road: County Maintained, Paved Road
  • Exterior Features: Patio
  • Exterior Finish: Stucco

Utilities

  • Cable Available: Yes
  • Cooling: Ceiling Fans, Central Electric
  • Heat: Central Electric
  • Sewer: Central
  • Water: Central

Association/Amenities

  • Pets: No Approval Needed
  • Development: Avalon Estates
  • Community Type: Non-Gated
  • Units In Building: 3

Condo/Co-op/Association

  • Sub Condo Name: AVALON ESTATES
  • Development Name: AVALON ESTATES

Lot Info

  • Lot Unit: 1
  • Section: 13
  • Waterfront: No
  • Zoning Code: 8
  • Acres: 0.5200
  • Lot Description: Oversize
  • Parcel Number: 22670080001

Rental Info

  • Tenant Pays: Cable, Full Electric, Internet Access, Sewer, Water

Tax Info

  • Tax District Type: Municipal Service Tax Developmen
  • Taxes: 5149.14
  • Tax Year: 2022

Multi Family

  • Unit Count: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2023
Closed on
Dec 27, 2023
Sold by
Poplar Way Llc
Bought by
Mihajlovikj Neno and Nikolovski Miki
Seller's Agent
Dmitriy Khamitov
Downing Frye Realty Inc.
Buyer's Agent
Neno Mihajlovikj
Realty One Group MVP
List Price
$1,300,000
Sold Price
$1,080,000
Premium/Discount to List
-$220,000
-16.92%
Views
49
Current Estimated Value
$1,044,322

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$35,678
Avg. Annual Appreciation
-1.88%
Original Mortgage
$810,000
Outstanding Balance
$797,088
Interest Rate
7.44%
Mortgage Type
New Conventional
Estimated Equity
$247,234

Purchase Details

Listed on
Oct 31, 2021
Closed on
Feb 28, 2022
Sold by
Peter Scire Charles and Peter Marcia L
Bought by
Poplar Way Llc
Seller's Agent
Lacey Young
Downing Frye Realty Inc.
Buyer's Agent
Lacey Young
Downing Frye Realty Inc.
List Price
$675,000
Sold Price
$500,000
Premium/Discount to List
-$175,000
-25.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
52.32%

Purchase Details

Closed on
Aug 27, 2007
Sold by
Scire Stephen and Scire Vincent
Bought by
Scire Charles P and Scire Marcy L

Purchase Details

Closed on
Jul 6, 1994
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Scire Charles P and Scire Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
8.51%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Mihajlovikj Neno $1,080,000 Omega National Title
Mihajlovikj Neno $1,080,000 Omega National Title
Poplar Way Llc $500,000 Holmes Ian T
Scire Charles P -- Executive Title Insurance
Scire Charles P $90,000 --
Scire Charles P $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mihajlovikj Neno $810,000
Closed Mihajlovikj Neno $810,000
Previous Owner Scire Charles P $72,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/27/2023 12/27/23 Sold $1,080,000 -16.9% --
11/27/2023 11/27/23 Pending -- -- --
10/20/2023 10/20/23 For Sale $1,300,000 +160.0% --
02/28/2022 02/28/22 Sold $500,000 -25.9% -- View Prior Sale
11/28/2021 11/28/21 Pending -- -- --
11/19/2021 11/19/21 Price Changed $675,000 0.0% --
11/19/2021 11/19/21 For Sale $675,000 +12.5% --
11/11/2021 11/11/21 Pending -- -- --
10/31/2021 10/31/21 For Sale $600,000 -- --
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
2025 $9,316 $768,750 $417,366 $351,384
2024 $7,388 $849,028 $521,238 $327,790
2023 $7,388 $643,953 $436,124 $207,829
2022 $5,149 $346,860 $0 $0
2021 $4,279 $315,327 $139,823 $175,504
2020 $4,438 $286,728 $0 $0
2019 $4,166 $260,662 $0 $0
2018 $3,992 $236,965 $0 $0
2017 $3,683 $215,423 $0 $0
2016 $3,430 $195,839 $0 $0
2015 $2,847 $178,035 $0 $0
2014 $2,603 $161,850 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Naples Area Board of REALTORS®

MLS Number: 223077069

Naples Area Board of REALTORS®

APN: 22670080001