NOT LISTED FOR SALE

Estimated Value: $582,000 - $653,000

4 Beds
2 Baths
-- Sq Ft
6,821 Sq Ft Lot

Last Sold December 06, 2018

Last sale price $320,000

Est. 92% increase in value since last sale

Current estimated payment $3,503/month

20 Days on Market

Highlights

  • Concrete Block With Brick
  • Patio
  • Central Heating and Cooling System
  • Pinewoods Elementary School Rated A-
  • Tile Flooring

About This Home

As of December 2018

Potential Free Rent or Invester Alert! Great investment opportunity awaits. This income producing Duplex is located in Bonita Springs, West of US 41 in Hickory Shores which is just off of Bonita Beach Rd. This location is highly desirable if you enjoy beach living. It is a very short drive/bike or walk to the beach and only minutes from shopping and dining. This duplex is in good condition with two 2 bedroom 1 full bath 796 sq ft units. Both units have their own kitchen, dining nook, family room and laundry room with a private covered lanai and back yard space. Also, there is an additional large gated back yard area where there is plenty of room for a pool. Currently, each unit is leased for $935 per month but has much higher income potential for the location. One tenant is month to month and the other is moving shortly. Each tenant pays their own utilities. Highly desirable rental area. Easy to schedule a showing appointment, but advance notice is needed. Don't miss out on this money pumping opportunity, the potential is here!

Last Agent to Sell the Property

Victoria Del Duca

Premiere Plus Realty Company License #BEAR-3304468 Listed on: 09/15/2018

Premiere Plus Realty Company

Last Buyer's Agent

Angie Brummett

INACTIVE AGENT ACCT License #NAPLES-249523364

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,533

Year Built

  • Built in 1984

Lot Details

  • 6,821

Home Design

  • Duplex
  • Concrete Block With Brick
  • Stucco
  • Tile

Interior Spaces

  • Double Hung Windows
  • Sliding Windows

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Additional Features

  • Patio
  • 6,821 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for cable, full electric, full telephone, internet access, irrigation water, sewer, trash removal, water
  • Assessor Parcel Number 32-47-25-B3-00202.0210
  • Tax Block 2

Community Details

Overview

  • 2 Units
  • Little Hickory Condos

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $3,000
  • Net Operating Income $19,440

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,533

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Legal Description: IMPERIAL SHORES UN.1 UREC. BLK 2 OR 53 PG 130 LOT 21
  • Property Type: Residential Income
  • Table: Residential Income
  • Street View Param: 1$26.333113$-81.82642800000002$134.61$13.33$1.00$Wc2eqJUDNe_B03VqLdXwfQ
  • Building Design: Duplex
  • Building Description: Duplex
  • Year Built: 1984
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 4
  • Flooring: Carpet, Tile
  • Windows: Double Hung, Sliding

Exterior Features

  • Gulf Access: No
  • Private Pool: No
  • Private Spa: No
  • Roof: Tile
  • Construction: Concrete Block
  • Exterior Features: Patio
  • Exterior Finish: Stucco

Utilities

  • Cable Available: Yes
  • Cooling: Central Electric
  • Heat: Central Electric
  • Sewer: Central
  • Water: Central

Association/Amenities

  • Pets: No Approval Needed
  • Development: Little Hickory
  • Units In Building: 2

Condo/Co-op/Association

  • Sub Condo Name: LITTLE HICKORY

Lot Info

  • Lot Unit: 21
  • Section: 32
  • Waterfront: No
  • Zoning Code: TFC-2
  • Acres: 0.1566
  • Lot Description: Regular
  • Parcel Number: 32-47-25-B3-00202.0210

Rental Info

  • Tenant Pays: Cable, Full Electric, Full Telephone, Internet Access, Irrigation Water, Sewer, Trash Removal, Water

Tax Info

  • Tax Description: City And County
  • Taxes: 2533.00

Multi Family

  • Unit Count: 2
  • Gross Rental Income: 1870.00
  • Annual Expenses: 3000.00
  • Annual Net Operating Income: 19440.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 3, 2022
Sold by
Panting Smith Ivone
Bought by
Ips Trust
Current Estimated Value
$614,000

Purchase Details

Listed on
Sep 15, 2018
Closed on
Dec 6, 2018
Sold by
Ferrari Andrea Jean and Ferrari Albert William
Bought by
Smith Jeffrey Todd and Smith Ivone Painting
Seller's Agent
Victoria Del Duca
Premiere Plus Realty Company
Buyer's Agent
Angie Brummett
INACTIVE AGENT ACCT
List Price
$340,000
Sold Price
$320,000
Premium/Discount to List
-$20,000
-5.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.62%
Original Mortgage
$314,204
Interest Rate
5.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 31, 2006
Sold by
Rue Lorrene R
Bought by
Ferrari Andrea

Purchase Details

Closed on
May 29, 1997
Sold by
Decruz Peter J and Decruz Ann R
Bought by
Rue Lorrene R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,292
Interest Rate
8.13%
Mortgage Type
FHA
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
Ips Trust -- --
Smith Jeffrey Todd $320,000 Attorney
Ferrari Andrea $385,000 Fidelity National Title Ins
Rue Lorrene R $88,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Smith Jeffrey Todd $314,204
Previous Owner Rue Lorrene R $90,000
Previous Owner Rue Lorrene R $88,292
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2018 12/06/18 Sold $320,000 -5.9% --
10/05/2018 10/05/18 Pending -- -- --
09/15/2018 09/15/18 For Sale $340,000 -- --
Source: Multiple Listing Service of Bonita Springs-Estero

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 $2,785 $211,261 -- --
2023 $2,785 $205,108 $0 $0
2022 $2,805 $199,134 $0 $0
2021 $2,748 $193,334 $47,023 $146,311
2020 $3,073 $181,689 $46,047 $135,642
2019 $2,822 $164,080 $46,047 $118,033
2018 $2,653 $174,418 $46,047 $128,371
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Multiple Listing Service of Bonita Springs-Estero

MLS Number: 218057600

Multiple Listing Service of Bonita Springs-Estero

APN: 32-47-25-B3-00202.0210