NOT LISTED FOR SALE

4525 SW 9th Ave Cape Coral, FL 33914

Pelican Neighborhood

Estimated Value: $440,000 - $545,000

6 Beds
4 Baths
4,576 Sq Ft
$106/Sq Ft Est. Value

Last Sold January 03, 2018

Last sale price $265,200 $58 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $3,063/month

36 Days on Market

Highlights

  • Oversized Lot
  • Bay Window
  • Tile Flooring
  • Cape Elementary School Rated A-
  • Patio
  • Central Heating and Cooling System

About This Home

As of January 2018

Great investment property: 3 bedrooms, 2 bathrooms each with attached garages. 6 bedroom/4 bath total. Approx. 1150 square feet under air per unit. Granite countertops and new cabinets in the bathroom and kitchen. Large units with paver patios and yard space for each side. Large living rooms, bay windows, and open kitchen layouts. Storm shutter protection for the entire home. Remodeled side is tiled throughout other than the master. New roof in 2010. Shutters in 2007. Non-remodeled side is tiled throughout other than the 2 spare bedrooms. One side has tenant in place. Remodeled side is occupied by the owner.

Last Agent to Sell the Property

John Lukas

Rossman Realty Group Inc License #258017441 Listed on: 10/28/2017

Co-Listed By

Marie Lukas

Rossman Realty Group Inc License #258022892

Last Buyer's Agent

Darlene Wiksveen

Century 21 Sunbelt Realty License #258004015

Century 21 Sunbelt Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,349

Year Built

  • Built in 1987

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 80 x 125 x 80 x 125
  • Oversized Lot

Home Design

  • Duplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 4,576 Sq Ft Home
  • Single Hung Windows
  • Bay Window

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Outdoor Features

  • Patio

Utilities

  • Central Heating and Cooling System
  • Sewer Assessments

Listing and Financial Details

  • Tenant pays for application fee, cable TV, electricity, internet, telephone
  • Legal Lot and Block 21 / 3370
  • Assessor Parcel Number 10-45-23-C3-03370.0210

Community Details

Overview

  • 2 Units
  • Cape Coral Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Building Details

  • Operating Expense $5,500
  • Net Operating Income $7,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,349

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.23
  • Lot Size: 80 x 125 x 80 x 125
  • Co List Office Mls Id: FROS
  • Co List Office Phone: (239) 542-2084
  • Subdivision Name: CAPE CORAL
  • Architectural Style: Duplex
  • Structure Type: Duplex
  • Year Built: 1987
  • Property Sub Type Additional: Duplex
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Number Of Buildings: 1
  • Private Spa: No
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Flooring: Carpet, Tile
  • Window Features: Bay Window(s), Single Hung

Exterior Features

  • Lot Features: Oversized Lot
  • 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: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Assessment Paid, Public Sewer
  • Water Source: Assessment Paid, Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Amenities: See Remarks
  • Pets Allowed: Call, Conditional

Lot Info

  • Parcel #: 10-45-23-C3-03370.0210
  • Zoning Description: R-3
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Application Fee, Cable TV, Electricity, Internet, Telephone

Multi Family

  • Number Of Units Total: 2
  • Property Net Operating Income: 7100.0
  • Annual Operating Expense: 5500.0

Tax Info

  • Tax Annual Amount: 3349.0
  • Tax Block: 3370
  • Tax Lot: 21
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 3, 2006
Sold by
Smith Kenneth R and Gayheart Carla R
Bought by
Marrone Gary and Vella Marrone Frances T
Current Estimated Value
$485,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,000
Outstanding Balance
$146,327
Interest Rate
6.31%
Mortgage Type
Commercial
Estimated Equity
$339,006

Purchase Details

Closed on
Sep 27, 1999
Sold by
Mcclung Alma Jean
Bought by
Smith Kenneth R and Gayheart Carla R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
7.79%
Mortgage Type
Commercial
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
Marrone Gary $307,500 Cape Coral Title Insurance A
Smith Kenneth R $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marrone Gary $246,000
Previous Owner Smith Kenneth R $96,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2018 01/03/18 Sold $265,200 -0.9% $58 / Sq Ft
12/04/2017 12/04/17 Pending -- -- --
10/28/2017 10/28/17 For Sale $267,500 -- $58 / 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 $5,874 $288,706 -- --
2024 $5,537 $262,460 -- --
2023 $5,537 $238,600 $0 $0
2022 $4,899 $216,909 $0 $0
2021 $4,372 $197,363 $50,000 $147,363
2020 $4,152 $179,264 $33,000 $146,264
2019 $3,949 $170,373 $33,000 $137,373
2018 $3,851 $171,998 $32,000 $139,998
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    John Lukas

    Rossman Realty Group Inc

    (952) 457-1399

    3 in this area

    40 Total Sales

    John Lukas
    Section Image

  • M

    Seller Co-Listing Agent in 2018

    Marie Lukas

    Rossman Realty Group Inc

    Section Image

  • D

    Buyer's Agent in 2018

    Darlene Wiksveen

    Century 21 Sunbelt Realty

    (239) 229-8885

    10 in this area

    36 Total Sales

    Darlene Wiksveen
    Section Image
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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 217062832

Florida Gulf Coast Multiple Listing Service

APN: 10-45-23-C3-03370.0210

Florida Lee County Cape Coral 33904 Pelican

4525 SW 9th Ave, Cape Coral, FL

This home is located at 4525 SW 9th Ave, Cape Coral, FL 33914 since 28 October 2017 and is currently estimated at $485,333, approximately $106 per square foot. This property was built in 1987. 4525 SW 9th Ave is a home located in Lee County with nearby schools including Cape Elementary School, Caloosa Elementary School, and Tropic Isles Elementary School.

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Florida Gulf Coast Multiple Listing Service The information is being provided by Southwest Florida Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 Southwest Florida Multiple Listing Service. All Rights Reserved

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