NOT LISTED FOR SALE

Estimated Value: $959,944 - $1,137,000

6 Beds
6 Baths
-- Sq Ft
0.5 Acres

Last Sold February 22, 2024

Last sale price $1,080,000

Est. 5% decrease in value since last sale

Current estimated payment $6,160/month

90 Days on Market

Highlights

  • 0.5 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 February 2024

Triplex 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, 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. Additionally, 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

Melody Klein

Keller Williams Elite Realty

Keller Williams Elite Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,057

Year Built

  • Built in 1984

Lot Details

  • 0.5 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, trash removal, water
  • Assessor Parcel Number 22670120000

Community Details

Overview

  • 3 Units
  • Avalon Estates Condos
  • Avalon Estates Community

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,057

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Legal Description: AVALON EST REPLAT ELY 22FT LOT 4 & ALL LOTS 5 & 6 ALSO SLY 80FT OF ELY 122F T LOT 9 OR 1966 PG 781
  • Property Type: Residential Income
  • Table: Residential Income
  • Street View Param: 1$26.110346$-81.761414$312.39$13.33$1.00$zbEVyKg-hxlY5_z4O8es-Q
  • Building Design: Triplex
  • Building Description: 1 Story/Ranch
  • Year Built: 1984
  • Property Information: Triplex 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, 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. Additionally, 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: 4
  • Section: 13
  • Waterfront: No
  • Zoning Code: 8
  • Acres: 0.5000
  • Lot Description: Oversize
  • Parcel Number: 22670120000

Rental Info

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

Tax Info

  • Tax Description: County Only
  • Tax District Type: Municipal Service Tax Developmen
  • Taxes: 5057.19
  • 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
Feb 22, 2024
Sold by
Poplar Way Llc
Bought by
Molina Sonia and Sears William M
Seller's Agent
Dmitriy Khamitov
Downing Frye Realty Inc.
Buyer's Agent
Melody Klein
Keller Williams Elite Realty
List Price
$1,300,000
Sold Price
$1,080,000
Premium/Discount to List
-$220,000
-16.92%
Views
191
Current Estimated Value
$1,030,981

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$49,019
Avg. Annual Appreciation
-2.79%
Original Mortgage
$750,060
Outstanding Balance
$737,002
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$293,979

Purchase Details

Listed on
Oct 31, 2020
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
47.54%

Purchase Details

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

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,000
Interest Rate
6.7%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
Molina Sonia $1,080,000 Naples Title
Molina Sonia $1,080,000 Naples Title
Poplar Way Llc $500,000 Holmes Ian T
Scire Charles P -- Executive Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Molina Sonia $750,060
Closed Molina Sonia $750,060
Previous Owner Scire Charles P $122,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/22/2024 02/22/24 Sold $1,080,000 -6.1% --
01/18/2024 01/18/24 Pending -- -- --
12/28/2023 12/28/23 Price Changed $1,150,000 -11.5% --
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 -- -- --
10/31/2020 10/31/20 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 $8,324 $746,786 $403,704 $343,082
2024 $7,267 $695,399 -- --
2023 $7,267 $632,181 $421,848 $210,333
2022 $5,057 $338,436 $0 $0
2021 $4,194 $307,669 $0 $0
2020 $4,318 $279,699 $0 $0
2019 $4,046 $254,272 $0 $0
2018 $3,876 $231,156 $0 $0
2017 $3,576 $210,142 $0 $0
2016 $3,339 $191,038 $0 $0
2015 $2,801 $173,671 $0 $0
2014 $2,553 $157,883 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 223077067

Naples Area Board of REALTORS®

APN: 22670120000