NOT LISTED FOR SALE

40 Willis Rd North Fort Myers, FL 33917

Estimated Value: $502,000 - $1,109,000

8 Beds
8 Baths
4,328 Sq Ft
$186/Sq Ft Est. Value

Last Sold October 17, 2019

Last sale price $435,000 $101 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $4,798/month

23 Days on Market

Highlights

  • Cooling System Mounted In Outer Wall Opening
  • Patio
  • Ceiling Fan
  • North Fort Myers High School Rated A
  • Tile Flooring
  • Wall Furnace

About This Home

As of October 2019

This value-packed offering has EIGHT units ready for the next owner to make it theirs. This property is on central water and sewer. There is only 1 water meter however each unit has its own electric meter. Each unit has a screened front porch & tile throughout the living area. Roof was put on in 2010. These units do not include a dishwasher, microwave, washer, or dryer. While currently rents are below market, 4 of the units leases have expired and tenants are month to month, so new owner can adjust rents accordingly. Other leases expire 10/31, 12/31 and 2/28/2020.

Last Agent to Sell the Property

Jason Lipsher

RE/MAX Realty Group License #258008233 Listed on: 08/24/2019

RE/MAX Realty Group

Co-Listed By

Jeannie Steidel

RE/MAX Realty Group License #258000346

Last Buyer's Agent

Jason Lipsher

RE/MAX Realty Group License #258008233 Listed on: 08/24/2019

RE/MAX Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $109

Year Built

  • Built in 1963

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 90 x 125 x 90 x 125

Home Design

  • Quadruplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 4,328 Sq Ft Home
  • Ceiling Fan
  • Single Hung Windows
  • Tile Flooring

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Full Bathrooms

Outdoor Features

  • Patio

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 9 / A
  • Assessor Parcel Number 02-44-24-03-0000A.0090

Community Details

Overview

  • North Fort Myers Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $6,000
  • Net Operating Income $27,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$109

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.26
  • Lot Size: 90 x 125 x 90 x 125
  • Co List Office Mls Id: FREM
  • Co List Office Phone: (239) 489-0444
  • Subdivision Name: NORTH FORT MYERS
  • Architectural Style: Other
  • Structure Type: Quadruplex
  • Year Built: 1963
  • Property Sub Type Additional: Quadruplex
  • Special Features: None

Interior Features

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

Exterior Features

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

Utilities

  • Cooling: Ceiling Fan(s), Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Wall Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 02-44-24-03-0000A.0090
  • Zoning Description: C-2
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: See Remarks

Multi Family

  • Number Of Units Total: 1
  • Property Net Operating Income: 27600.0
  • Annual Operating Expense: 6000.0

Tax Info

  • Tax Annual Amount: 109.0
  • Tax Block: A
  • Tax Lot: 9
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 18, 2023
Sold by
Lade Holdings Llc
Bought by
Flx Physical Therapy Llc
Current Estimated Value
$806,175

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$822,500
Outstanding Balance
$784,275
Interest Rate
7.12%
Mortgage Type
New Conventional
Estimated Equity
$21,900

Purchase Details

Listed on
Aug 24, 2019
Closed on
Oct 17, 2019
Sold by
Habitat For Humanity Of Lee Hendry Count
Bought by
Laric Holdings Llc
Seller's Agent
Jason Lipsher
RE/MAX Realty Group
Buyer's Agent
Jason Lipsher
List Price
$450,000
Sold Price
$435,000
Premium/Discount to List
-$15,000
-3.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.75%

Purchase Details

Closed on
Apr 1, 2002
Sold by
Ormesh Frank
Bought by
Habitat For Humanity Lee Cty Inc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Flx Physical Therapy Llc $900,000 Superior Title
Flx Physical Therapy Llc $100 Superior Title
Flx Physical Therapy Llc $900,000 Superior Title
Flx Physical Therapy Llc $100 Superior Title
Laric Holdings Llc $463,000 Entitled Llc
Laric Holdings Llc $463,000 Entitled Llc
Habitat For Humanity Lee Cty Inc $225,000 --
Habitat For Humanity Lee Cty Inc $225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Flx Physical Therapy Llc $822,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/17/2019 10/17/19 Sold $435,000 -3.3% $101 / Sq Ft
09/17/2019 09/17/19 Pending -- -- --
08/24/2019 08/24/19 For Sale $450,000 -- $104 / 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
2025 $6,698 $494,130 -- --
2024 $6,698 $449,209 $33,600 $393,418
2023 $6,768 $448,676 $78,977 $366,958
2022 $6,768 $445,840 $61,315 $384,525
2021 $6,932 $444,151 $67,673 $376,478
2020 $9,367 $587,612 $88,560 $499,052
2019 $109 $556,766 $98,250 $458,516
2018 $109 $338,904 $6,142 $332,762
2017 $109 $340,345 $6,386 $333,959
2016 $105 $121,685 $3,537 $118,148
2015 $314 $124,136 $4,104 $120,032
2014 $38 $121,056 $3,718 $117,338
2013 -- $107,355 $7,277 $100,078
Source: Public Records

Agents Affiliated with this Home

  • Jason Lipsher

    Seller's Agent in 2019

    Jason Lipsher

    RE/MAX

    (239) 850-0466

    11 in this area

    213 Total Sales

    Jason Lipsher
    Section Image
  • Jeannie Steidel

    Seller Co-Listing Agent in 2019

    Jeannie Steidel

    RE/MAX

    (239) 851-3390

    3 in this area

    84 Total Sales

    Jeannie Steidel
    Section Image
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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 219055769

Florida Gulf Coast Multiple Listing Service

APN: 02-44-24-03-0000A.0090

Florida Lee County North Fort Myers 33917

40 Willis Rd, North Fort Myers, FL

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