NOT LISTED FOR SALE

Estimated Value: $520,202 - $702,000

4 Beds
2 Baths
-- Sq Ft
7,405 Sq Ft Lot

Last Sold January 31, 2019

Last sale price $353,000

Est. 75% increase in value since last sale

Current estimated payment $3,693/month

41 Days on Market

Highlights

  • Shutters
  • Concrete Block With Brick
  • Central Heating and Cooling System
  • Sea Gate Elementary School Rated A
  • Tile Flooring
  • Paved or Partially Paved Lot

About This Home

As of January 2019

Beautifully Renovated Duplex! Great investment potential with 2 Bed/1 Bath on each side (one side currently rented). Both have separate, private screened lanais. Recent updates include new wood-look tile flooring throughout, new kitchens with white shaker cabinets, stainless-steel appliances, glass tile backsplash & quartz counters, new bathrooms, new A/C on one side, new hot water heaters, newly paved driveways . . . the list goes on! Washer/dryer hookups available in each unit. Lease currently in place for 1 unit - live in the other or rent it out to reach the full Potential Annual Gross Income of $31,200! A property this hot won't last - call today before it's gone!!!

Last Agent to Sell the Property

Sheree Goldenbaum

William Raveis Real Estate License #NAPLES-249519172 Listed on: 11/03/2018

William Raveis Real Estate

Last Buyer's Agent

Neno Mihajlovikj

Realty One Group MVP License #NAPLES-249525138

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,038

Year Built

  • Built in 1971

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions: 74
  • Paved or Partially Paved Lot

Home Design

  • Duplex
  • Concrete Block With Brick
  • Wood Frame Construction
  • Shingle Roof
  • Stucco

Interior Spaces

  • Shutters
  • Single Hung Windows
  • Tile Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable, departure cleaning, full electric, full telephone, internet access, sewer, water
  • Assessor Parcel Number 63406600009
  • Tax Block 10

Community Details

Overview

  • 2 Units
  • Naples Twin Lakes Condos

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $4,885
  • Net Operating Income $26,315

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,038

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Legal Description: NAPLES TWIN LAKES BLK 10 LOT 27
  • Property Type: Residential Income
  • Table: Residential Income
  • Street View Param: 1$26.20122025291872$-81.79659083019988$324.78$-1.74$1.00$
  • Building Design: Duplex
  • Building Description: Duplex
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 4
  • Flooring: Tile
  • Windows: Single Hung

Exterior Features

  • Gulf Access: No
  • Private Pool: No
  • Private Spa: No
  • Roof: Shingle
  • Construction: Concrete Block, Wood Frame
  • Road: Paved Road, Public Road
  • Exterior Features: Decorative Shutters
  • Exterior Finish: Stucco

Utilities

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

Association/Amenities

  • Pets: No Approval Needed
  • Development: Naples Twin Lakes
  • Community Type: Non-Gated
  • Units In Building: 2

Condo/Co-op/Association

  • Sub Condo Name: NAPLES TWIN LAKES

Lot Info

  • Lot Back: 74
  • Lot Frontage: 74
  • Lot Left: 100
  • Lot Right: 100
  • Lot Unit: 27
  • Section: 15
  • Waterfront: No
  • Zoning Code: Multi-Family
  • Acres: 0.1700
  • Lot Description: Irregular Shape
  • Lot Dimensions: 74 X 100
  • Parcel Number: 63406600009

Rental Info

  • Tenant Pays: Cable, Departure Cleaning, Full Electric, Full Telephone, Internet Access, Sewer, Water

Tax Info

  • Tax Description: County Only
  • Taxes: 2038.00

Multi Family

  • Unit Count: 2
  • Gross Rental Income: 31200.00
  • Annual Expenses: 4885.00
  • Annual Net Operating Income: 26315.00
  • Total Buildings: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 19, 2022
Sold by
Nenad Mihajlovikj
Bought by
4487 Dorando Drive Land Trust
Current Estimated Value
$617,801

Purchase Details

Listed on
Nov 3, 2018
Closed on
Jan 31, 2019
Sold by
Nelson Linda A
Bought by
Mihajlovikj Nenad
Seller's Agent
Sheree Goldenbaum
William Raveis Real Estate
Buyer's Agent
Neno Mihajlovikj
Realty One Group MVP
List Price
$399,000
Sold Price
$353,000
Premium/Discount to List
-$46,000
-11.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.01%
Original Mortgage
$346,606
Interest Rate
4.6%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 9, 2003
Sold by
Simpson Carolyn B
Bought by
Nelson Linda A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.16%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 15, 2000
Sold by
Simpson William M and Simpson Carolyn B
Bought by
Simpson Carolyn B
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
4487 Dorando Drive Land Trust -- --
Mihajlovikj Nenad $353,000 Attorney
Nelson Linda A $187,500 --
Simpson Carolyn B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mihajlovikj Nenad $101,476
Previous Owner Mihajlovikj Nenad $346,606
Previous Owner Nelson Linda A $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2019 01/31/19 Sold $353,000 -11.5% --
12/14/2018 12/14/18 Pending -- -- --
11/03/2018 11/03/18 For Sale $399,000 -- --
Source: Naples Area Board of REALTORS®

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 $3,925 $298,448 -- --
2023 $3,925 $271,316 $0 $0
2022 $3,611 $246,651 $0 $0
2021 $2,901 $224,228 $106,575 $117,653
2020 $3,356 $269,403 $146,747 $122,656
2019 $2,378 $135,933 $0 $0
2018 $1,755 $94,888 $0 $0
2017 $2,038 $115,236 $0 $0
2016 $1,924 $104,760 $0 $0
2015 $1,699 $95,236 $0 $0
2014 $1,512 $86,578 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 218072610

Naples Area Board of REALTORS®

APN: 63406600009