NOT LISTED FOR SALE

Estimated Value: $1,269,000 - $1,446,000

2 Beds
2 Baths
1,198 Sq Ft
$1,135/Sq Ft Est. Value

Last Sold July 09, 2020

Last sale price $951,000 $794 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $8,178/month

62 Days on Market

Highlights

  • No HOA
  • Naples Bayside Academy Rated A
  • Laundry Room

About This Home

As of July 2020

This Beach charmer is a diamond in the rough, don’t miss this opportunity to own property on the gorgeous Peninsula off of Belmont Shore near Naples! This cute cottage style duplex has two units consisting of one bedroom and one bathroom in each unit, just steps from the sand set between Alamitos Bay and the coast. This property is unique because it is only minutes from Belmont Shore, Naples Island, marinas, outstanding schools, nearby freeways, AND still feels like its in its own cute little beach bubble. Both units each have one car garages attached to the back unit for parking convenience. This property isn’t one to miss, and it is an incredible investment opportunity or the perfect place for an owner-user beach lifestyle that is a hidden gem on the gorgeous peninsula.

Last Agent to Sell the Property

Julie Lyon

Lyon Stahl Investment Real Estate, Inc. License #01717819 Listed on: 03/25/2020

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Jim Shute

J.W. Shute International License #01043871

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 2,359 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • 1,198 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Legal Lot and Block 17 / 9
  • Tax Tract Number 5775
  • Assessor Parcel Number 7245020017

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $480
  • Pest Control $360
  • Water Sewer Expense $360
  • New Taxes Expense $1,700
  • Operating Expense $2,900
  • Gross Income $21,000
  • Net Operating Income $18,100

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Peninsula (PI)
  • Water Sewer Expenses: 360.00
  • Zoning: LBR2I
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7245020017
  • Year Built: 1946
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 793.82

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Pest Control Expense: 360.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2359.00
  • Lot Size Acres: 0.0542

Multi Family

  • Gross Income: 21000.00
  • Gross Scheduled Income: 21000.00
  • Insurance Expense: 480.00
  • Lot Size Area: 2359.0000 Square Feet
  • Net Operating Income: 18100.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 2900.00
  • Rent Control: Yes
  • Total Actual Rent: 1700.00
  • Total Expenses: 2900.00

Tax Info

  • New Taxes Expense: 1700.00
  • Tax Block: 9
  • Tax Census Tract: 5775.04
  • Tax Lot: 17
  • Tax Tract Number: 5775.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2020
Closed on
Jul 2, 2020
Sold by
Shute Patricia L
Bought by
Shute Jim and 42 44 60Th Place Trust
Seller's Agent
Julie Lyon
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Jim Shute
J.W. Shute International
List Price
$1,080,000
Sold Price
$951,000
Premium/Discount to List
-$129,000
-11.94%
Current Estimated Value
$1,359,212

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$408,212
Avg. Annual Appreciation
6.71%
Original Mortgage
$653,550
Outstanding Balance
$579,525
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$779,687

Purchase Details

Listed on
Mar 25, 2020
Closed on
May 28, 2020
Sold by
Weimerskirch Kris and Robert L De Zell And Va T De Z
Bought by
Shine Patricia L
Seller's Agent
Julie Lyon
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Jim Shute
J.W. Shute International
List Price
$1,080,000
Sold Price
$951,000
Premium/Discount to List
-$129,000
-11.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$653,550
Outstanding Balance
$579,525
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$779,687

Purchase Details

Closed on
Jan 7, 1999
Sold by
Dezell Virginia T
Bought by
Dezell Virginia T and Dezell Robert L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Shute Jim -- First Amer Ttl Co Los Angele
Shute Patricia L -- First American Title Company
Shine Patricia L $951,000 First American Title Company
Dezell Virginia T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shute Patricia L $653,550
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/09/2020 07/09/20 Sold $951,000 -4.8% $794 / Sq Ft
05/26/2020 05/26/20 Pending -- -- --
04/29/2020 04/29/20 Price Changed $999,000 -7.5% $834 / Sq Ft
04/03/2020 04/03/20 For Sale $1,080,000 +13.6% $902 / Sq Ft
03/27/2020 03/27/20 Off Market $951,000 -- --
03/25/2020 03/25/20 For Sale $1,080,000 -- $902 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $12,923 $1,029,391 $704,662 $324,729
2024 $12,923 $1,009,208 $690,846 $318,362
2023 $12,707 $989,420 $677,300 $312,120
2022 $11,919 $970,020 $664,020 $306,000
2021 $11,691 $951,000 $651,000 $300,000
2020 $1,718 $113,046 $90,766 $22,280
2019 $1,699 $110,833 $88,987 $21,846
2018 $1,614 $108,663 $87,243 $21,420
2016 $1,485 $104,330 $83,856 $20,474
2015 $1,431 $102,764 $82,597 $20,167
2014 $1,432 $100,752 $80,980 $19,772
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20063913

California Regional Multiple Listing Service (CRMLS)

APN: 7245-020-017