NOT LISTED FOR SALE

Estimated Value: $898,000 - $1,601,000

5 Beds
4.5 Baths
4,237 Sq Ft
$321/Sq Ft Est. Value

Last Sold August 25, 2023

Last sale price $1,675,000 $395 Per Sq Ft

Est. 19% decrease in value since last sale

Current estimated payment $8,758/month

149 Days on Market

Highlights

  • Concrete Pool
  • River View
  • No HOA
  • Fort Myers High School Rated A
  • Main Floor Primary Bedroom
  • Formal Dining Room

About This Home

As of August 2023

Welcome to 3978 W Riverside Drive and the BEST Caloosahatchee riverfront renovation opportunity in Southwest Florida. Flooded and damaged by Hurricane Ian, you're offered a blank slate to remodel this amazing property. Offering an open-concept main home with 4 bedrooms and 3 full bathrooms, leading seamlessly out to the large lanai & pool, the floor plan and bones of this home are perfect. The master bedroom offers stunning views, a large en-suite bathroom, and an expansive walk in closet. In addition, a stand-alone 1000 square-foot guest home includes a bedroom, bathroom, living room, full kitchen, and screened patio with amazing river views all situated over the extra-large 3-car-garage. The guest house was relatively unaffected by the storm and is move in ready. MLS photos 31-50 show the home as what it was before Hurricane Ian and what it will be again. Comfortably worth $3M+ pre-storm this home has so much potential for an investor or end user. With all that this home has to offer, it's sure to get a lot of attention. Act fast, this opportunity won't last.

Last Agent to Sell the Property

Trevor Moore

VIP Realty Group Inc License #258024674 Listed on: 03/28/2023

VIP Realty Group Inc

Last Buyer's Agent

Pam Stevenson

Premier Sotheby's Int'l Realty License #258033328

Premier Sotheby's Int'l Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,242

Year Built

  • Built in 2006

Lot Details

  • 0.38 Acre Lot
  • Lot Dimensions are 108 x 197 x 88 x 166
  • River Front
  • East Facing Home
  • Oversized Lot
  • Irregular Lot
  • Property is zoned RS-5

Parking

  • 3 Car Detached Garage

Home Design

  • Entry on the 1st floor
  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 4,237 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Shutters
  • Single Hung Windows
  • Formal Dining Room
  • River Views

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Dual Sinks
  • Shower Only
  • Separate Shower

Pool

  • Concrete Pool
  • In Ground Pool
  • Gunite Spa

Outdoor Features

  • Open Patio
  • Porch

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Seminole Estates Subdivision

Listing and Financial Details

  • Legal Lot and Block 1A / J
  • Assessor Parcel Number 34-44-24-P2-006J0.001A

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,242

Year Built

Built in 2006

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.3795
  • Lot Size: 108 x 197 x 88 x 166
  • Road Surface Type: Paved
  • Ownership: Single Family
  • Subdivision Name: SEMINOLE ESTATES
  • Architectural Style: Ranch, One Story
  • Carport Y N: No
  • Entry Level: 1
  • Garage Yn: Yes
  • Building Stories: 1
  • Year Built: 2006
  • ResoBuildingAreaSource: Appraiser
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Furnished: Unfurnished
  • Spa Features: Gunite
  • Private Spa: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Flooring: See Remarks
  • Interior Amenities: Bedroom on Main Level, Separate/Formal Dining Room, Dual Sinks, Main Level Master, Shower Only, Separate Shower, Walk-In Closet(s), Split Bedrooms
  • Living Area: 4237.0
  • Stories: 2
  • Window Features: Single Hung
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Lot Features: Irregular Lot, Oversized Lot
  • Pool Features: Concrete, In Ground
  • Pool Private: Yes
  • View: River, Water
  • View: Yes
  • Waterfront Features: River Front
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Stucco, Wood Frame
  • Direction Faces: East
  • Exterior Features: Shutters Manual
  • Patio And Porch Features: Open, Porch
  • Roof: Tile

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 3.0
  • Garage Spaces: 3.0
  • Parking Features: Detached, Garage, Two Spaces

Utilities

  • Laundry Features: Inside
  • Security: None
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Amenities: None
  • Association: No
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: None

Lot Info

  • Parcel #: 34-44-24-P2-006J0.001A
  • Zoning Description: RS-5
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 1

Tax Info

  • Tax Annual Amount: 19242.3
  • Tax Block: J
  • Tax Lot: 1A
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2023
Closed on
Aug 25, 2023
Sold by
Swartz Francesca
Bought by
Macdonald Robert and Macdonald Claudia Marcela
Seller's Agent
Trevor Moore
VIP Realty Group Inc
Buyer's Agent
Pam Stevenson
Premier Sotheby's Int'l Realty
List Price
$1,999,900
Sold Price
$1,675,000
Premium/Discount to List
-$324,900
-16.25%
Views
58
Current Estimated Value
$1,361,961

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$313,039
Avg. Annual Appreciation
-9.56%

Purchase Details

Listed on
Aug 22, 2020
Closed on
Oct 9, 2020
Sold by
Henn Jeffrey S and Henn Deana M
Bought by
Swartz Francesca
Seller's Agent
Trevor Moore
VIP Realty Group Inc
Buyer's Agent
Trevor Moore
VIP Realty Group Inc
List Price
$1,894,900
Sold Price
$1,750,000
Premium/Discount to List
-$144,900
-7.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.51%
Original Mortgage
$1,400,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 1, 2019
Closed on
Aug 9, 2019
Sold by
Meadors Michael and Meadors Lesta A
Bought by
Henn Jeffrey S and Henn Deana M
Seller's Agent
Trevor Moore
VIP Realty Group Inc
Buyer's Agent
Trevor Moore
VIP Realty Group Inc
List Price
$1,475,000
Sold Price
$1,290,000
Premium/Discount to List
-$185,000
-12.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.78%
Original Mortgage
$1,032,000
Interest Rate
3.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 29, 1999
Sold by
Michael Meadors Const Co Inc
Bought by
Meadors Michael and Meadors Lesta A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
7.67%
Source: Public Records

Range of Values:

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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
Macdonald Robert $1,675,000 Venture Title
Swartz Francesca $1,750,000 Attorney
Henn Jeffrey S $1,290,000 Attorney
Meadors Michael $180,000 --
Michael Meadors Const Co Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Swartz Francesca $1,400,000
Previous Owner Swartz Francesca $1,400,000
Previous Owner Henn Jeffrey S $1,032,000
Previous Owner Raju Srinivas M $1,650,000
Previous Owner Meadors Michael $448,000
Previous Owner Meadors Michael $230,000
Previous Owner Michael Meadors Const Co Inc $228,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2023 08/25/23 Sold $1,675,000 -9.5% $395 / Sq Ft
08/25/2023 08/25/23 Pending -- -- --
08/03/2023 08/03/23 Price Changed $1,850,000 -7.5% $437 / Sq Ft
03/28/2023 03/28/23 For Sale $1,999,900 +14.3% $472 / Sq Ft
10/09/2020 10/09/20 Sold $1,750,000 -7.6% $413 / Sq Ft
09/09/2020 09/09/20 Pending -- -- --
08/22/2020 08/22/20 For Sale $1,894,900 +46.9% $447 / Sq Ft
08/09/2019 08/09/19 Sold $1,290,000 -12.5% $304 / Sq Ft
07/10/2019 07/10/19 Pending -- -- --
01/01/2019 01/01/19 For Sale $1,475,000 -- $348 / 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 $18,012 $1,047,891 $1,047,881 $10
2023 $18,832 $1,117,886 $0 $0
2022 $18,741 $1,085,326 $0 $0
2021 $19,242 $1,113,839 $706,933 $406,906
2020 $19,779 $1,047,476 $0 $0
2019 $11,153 $608,332 $0 $0
2018 $510 $596,989 $0 $0
2017 $11,684 $584,710 $0 $0
2016 $11,615 $1,444,321 $615,398 $828,923
2015 $11,711 $1,556,296 $592,784 $963,512
2014 -- $1,261,900 $578,952 $682,948
2013 -- $849,180 $507,691 $341,489
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 223023922

Florida Gulf Coast Multiple Listing Service

APN: 34-44-24-P2-006J0.001A