NOT LISTED FOR SALE

Estimated Value: $568,587 - $836,000

6 Beds
6 Baths
3,463 Sq Ft
$186/Sq Ft Est. Value

Last Sold October 28, 2024

Last sale price $575,000 $166 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $4,070/month

9 Days on Market

Highlights

  • Open Floorplan
  • Laundry Room
  • Combination Dining and Living Room
  • No HOA
  • 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

Peggy Funk

SUNCOAST PROPERTY MANAGEMENT L Brokerage Phone: 904-667-4459 License #3248710 Listed on: 08/22/2024

Last Buyer's Agent

Libni Rodriguez

COLDWELL BANKER REALTY License #3325836

COLDWELL BANKER REALTY

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 100x200

Home Design

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

Interior Spaces

  • 3,463 Sq Ft Home
  • Open Floorplan
  • Blinds
  • Combination Dining and Living Room
  • Laundry Room

Kitchen

  • Range with Range Hood
  • Dishwasher

Utilities

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

Listing and Financial Details

Community Details

Overview

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

Building Details

  • Gross Income $58,908

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: 3463
  • 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: 166.04
  • 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
  • Interior Amenities: Living Room/Dining Room Combo, Open Floorplan
  • Appliances Included: Dishwasher, Electric Water Heater, Range, Range Hood, Refrigerator
  • Foundation Details: Slab
  • Window Features: Blinds
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 321.72

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: Laundry Closet, Laundry Room
  • 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: 9024-0566-28
  • Additional Parcels: No
  • Lot Dimensions: 100x200
  • Flood Zone Code: x

Rental Info

  • Total Actual Rent: 4909
  • Lease Restrictions YN: 0
  • Additional Lease Restrictions: Always verify lease restrictions if any with city and county government as restrictions sometimes change.

Multi Family

  • Gross Income: 58908
  • Number Of Units Total: 4
  • Total Num Buildings: 1
  • Unit Count: 4

Tax Info

  • Tax Annual Amount: 7419.3
  • Tax Block: 566
  • Tax Book Number: J-188SILVER
  • Tax Lot: 28

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2024
Closed on
Sep 26, 2024
Sold by
Ostrom Timothy
Bought by
Rnl Fl Properties Llc
Seller's Agent
Peggy Funk
SUNCOAST PROPERTY MANAGEMENT L
Buyer's Agent
Libni Rodriguez
COLDWELL BANKER REALTY
List Price
$590,000
Sold Price
$575,000
Premium/Discount to List
-$15,000
-2.54%
Views
51
Current Estimated Value
$643,647

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,647
Avg. Annual Appreciation
11.94%
Original Mortgage
$431,250
Outstanding Balance
$426,716
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$216,931

Purchase Details

Closed on
Nov 18, 2021
Sold by
Southern Impression Homes Llc
Bought by
Ostrom Tim

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
2.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 21, 2018
Sold by
Chacko Leslie E
Bought by
Southern Impression Homes Llc

Purchase Details

Closed on
Dec 23, 2011
Sold by
Chacko Melepurackal V and Chacko Susan
Bought by
Chacko Leslie E

Purchase Details

Closed on
Jul 21, 2005
Sold by
Berk Charles E
Bought by
Chacko Melepurackal and Chacko Susan

Purchase Details

Closed on
Jun 25, 2003
Sold by
County Of Marion
Bought by
Berk Charles E
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
Rnl Fl Properties Llc $575,000 Anchor Title
Ostrom Tim $419,900 Anchor Title Services Llc
Southern Impression Homes Llc $33,000 First International Title
Chacko Leslie E -- Signature Title Services Inc
Chacko Melepurackal $55,000 --
Berk Charles E $4,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rnl Fl Properties Llc $431,250
Previous Owner Ostrom Tim $314,925
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/28/2024 10/28/24 Sold $575,000 -2.5% $166 / Sq Ft
08/31/2024 08/31/24 Pending -- -- --
08/22/2024 08/22/24 For Sale $590,000 +14650.0% $170 / Sq Ft
03/07/2022 03/07/22 Off Market $4,000 -- --
03/31/2014 03/31/14 Sold $4,000 -19.8% -- View Prior Sale
03/20/2014 03/20/14 Pending -- -- --
03/18/2014 03/18/14 For Sale $4,990 -- --
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 $1,131 $22,000 $22,000 $0
2020 $311 $20,000 $20,000 $0
2019 $233 $10,000 $10,000 $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: OM684038

Stellar MLS

APN: 9024-0566-28