NOT LISTED FOR SALE

Estimated Value: $37,620

0.25 Acre
$150,600 Price per Acre
10,881 Sq Ft Lot

Last Sold March 15, 2024

Last sale price $40,000

Est. 6% decrease in value since last sale

Current estimated payment $277/month

145 Days on Market

About This Lot

As of March 2024

OPPORTUNITY KNOCKS! COMPLETELY CLEARED OF ALL TREES & SHRUBS AND READY TO BUILD. Positioned just off the rapidly developing Pine Island Road, this vacant lot enjoys proximity to a bustling commercial hub. With its strategic location, tucked behind one of the largest KIA Dealerships, ensures excellent visibility and accessibility, ideal for attracting a wide range of clientele. The property and surrounding area has recently gone through a change in zoning to CC (Commercial Corridor) which opens up a world of possibilities for commercial development making this property a lucrative investment. The existing single-family homes neighboring this property contribute to a residential feel, making the lot an ideal location for businesses that require a neighborhood-friendly atmosphere, such as professional offices, professional services or similar small-scale establishments. Cape Coral is a city known for its rapid growth, making it an attractive destination for businesses looking to establish themselves in a thriving community. Don't miss out on this vacant & ready to build commercial lot

Last Agent to Sell the Property

Rachel Pednekar

Realty One Group MVP License #258025164 Listed on: 10/21/2023

Co-Listed By

Joanne Fultz

Realty One Group MVP License #3449480

Last Buyer's Agent

Tushar Pednekar

Realty One Group MVP License #258027625

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $754

Lot Details

  • 10,881 Sq Ft Lot
  • Lot Dimensions are 80 x 120 x 80 x 120
  • East Facing Home
  • Rectangular Lot
  • Property is zoned CORR

Utilities

  • Sewer Assessments

Community Details

  • Cape Coral Subdivision

Listing and Financial Details

  • Legal Lot and Block 164 / 1095
  • Assessor Parcel Number 12-44-23-C4-01095.1640

Property Details

Property Type

Land

Est. Annual Taxes

$754

Lot Details

0

Listing Details

  • Property Sub Type: Commercial
  • Prop. Type: Land
  • Lot Size Acres: 0.2498
  • Lot Size: 80 x 120 x 80 x 120
  • Co List Office Mls Id: BMVP
  • Co List Office Phone: (239) 963-4499
  • Subdivision Name: CAPE CORAL
  • Property Sub Type Additional: Commercial,Unimproved Land
  • Special Features: None

Exterior Features

  • Lot Features: Rectangular Lot
  • Waterfront Features: None
  • Waterfront: No
  • Direction Faces: East

Utilities

  • Sewer: Assessment Paid
  • Utilities: Electricity Available, Trash Collection
  • Water Source: Assessment Paid

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Amenities: None

Fee Information

  • Association Fee Includes: None

Lot Info

  • Current Use: Commercial
  • Parcel #: 12-44-23-C4-01095.1640
  • Zoning Description: CORR
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 754.32
  • Tax Block: 1095
  • Tax Lot: 164
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2023
Closed on
Mar 15, 2024
Sold by
Yang Xiaoning
Bought by
Applestitch Inc
Seller's Agent
Rachel Pednekar
Realty One Group MVP
Buyer's Agent
Tushar Pednekar
Realty One Group MVP
List Price
$70,000
Sold Price
$40,000
Premium/Discount to List
-$30,000
-42.86%
Views
256
Current Estimated Value
$37,620

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,380
Avg. Annual Appreciation
-3.13%

Purchase Details

Closed on
Jun 8, 2010
Sold by
Busey Bank
Bought by
Yang Xiaoning

Purchase Details

Closed on
Aug 25, 2009
Sold by
Boca Bay Builders Inc
Bought by
Busey Bank Na

Purchase Details

Closed on
May 12, 2006
Sold by
Haynes Lewis E
Bought by
Boca Bay Holdings Llc

Purchase Details

Closed on
Mar 9, 2006
Sold by
Gulf Coast Properties Llc
Bought by
Haynes Lewis E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,200
Interest Rate
6.05%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 10, 2004
Sold by
Bgm Investments Inc
Bought by
Gulf Coast Properties Of Maryland Llc

Purchase Details

Closed on
Apr 24, 2003
Sold by
Milks Robert O and Milks Vivienne
Bought by
R G M Inv 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
Applestitch Inc $40,000 Townsend Title Insurance Agenc
Yang Xiaoning $4,200 Srs Title Services Inc
Busey Bank Na $900,000 None Available
Boca Bay Holdings Llc $95,000 Boca Bay Title Insurance Inc
Haynes Lewis E $95,000 Landmark Title Of Sw Florida
Gulf Coast Properties Of Maryland Llc $48,000 Boca Bay Title Insurance Llc
R G M Inv Inc $14,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Haynes Lewis E $311,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2024 03/15/24 Sold $40,000 -42.9% --
03/15/2024 03/15/24 Pending -- -- --
10/21/2023 10/21/23 For Sale $70,000 -- --
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 $925 $17,492 -- --
2023 $813 $15,902 $0 $0
2022 $754 $14,456 $0 $0
2021 $746 $32,640 $32,640 $0
2020 $703 $32,640 $32,640 $0
2019 $661 $32,640 $32,640 $0
2018 $528 $13,056 $13,056 $0
2017 $494 $13,056 $13,056 $0
2016 $430 $8,160 $8,160 $0
2015 $408 $8,160 $8,160 $0
2014 $361 $8,160 $8,160 $0
2013 -- $8,160 $8,160 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 223075704

Florida Gulf Coast Multiple Listing Service

APN: 12-44-23-C4-01095.1640