NOT LISTED FOR SALE

4532 SW 8th Place Unit A-B Cape Coral, FL 33914

Pelican Neighborhood

Estimated Value: $346,363 - $568,000

4 Beds
2 Baths
-- Sq Ft
10,019 Sq Ft Lot

Last Sold July 14, 2020

Last sale price $223,000

Est. 89% increase in value since last sale

Current estimated payment $2,702/month

Highlights

  • Tile Flooring
  • Central Heating and Cooling System
  • Rectangular Lot
  • Cape Elementary School Rated A-
  • Ceiling Fan

About This Home

As of July 2020

Nice Duplex with 2 Bedrooms 1 Bath on each side, Conveniently Located off Skyline Blvd., Inside Laundry, Tile floors, 2 Year old Hurricane Rated Windows throughout, A/C units are 1 & 3 years old,1 New Hot Water Heater, Side #A is $900 per month on a month to month basis, Side #B is $950 with a lease until March 2021. #B unit has been completely re-plumbed & has a new stove. Great Long Term Tenants that would like to remain. Buyer to Assume Assessments Approx. $3,200.

Last Agent to Sell the Property

Richard Hewins

Gulf Gateway Realty, Inc. License #252000667 Listed on: 05/27/2020

Last Buyer's Agent

Adam Bartomeo

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,835

Year Built

  • Built in 1980

Lot Details

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

Home Design

  • Duplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Single Hung Windows

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Heating and Cooling System
  • Sewer Assessments

Listing and Financial Details

  • Tenant pays for credit check, cable TV, electricity, internet, sewer, water
  • Legal Lot and Block 51 / 3372
  • Assessor Parcel Number 10-45-23-C3-03372.0510

Community Details

Overview

  • Cape Coral Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $6,434
  • Net Operating Income $15,766

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,835

Year Built

Built in 1980

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
  • Subdivision Name: CAPE CORAL
  • Directions: Cape Coral Pkwy, Right onto Skyline Blvd., 1st Left onto SW 47th Terrace, 1st Right onto SW 8th Place.
  • Architectural Style: Duplex
  • Structure Type: Duplex
  • Year Built: 1980
  • Property Sub Type Additional: Duplex
  • Special Features: None

Interior Features

  • Private Spa: No
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Flooring: Carpet, Tile
  • Window Features: Single Hung

Exterior Features

  • Lot Features: Rectangular Lot
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Property Condition: Resale
  • Roof: Shingle

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Assessment Unpaid
  • Water Source: Assessment Paid, Public

Condo/Co-op/Association

  • Amenities: None
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 10-45-23-C3-03372.0510
  • Zoning Description: R3-D
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Credit Check, Cable TV, Electricity, Internet, Sewer, Water

Multi Family

  • Property Net Operating Income: 15766.0
  • Annual Operating Expense: 6434.0

Tax Info

  • Tax Annual Amount: 3835.0
  • Tax Block: 3372
  • Tax Lot: 51
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2020
Closed on
Jul 14, 2020
Sold by
Formica Francis J and Formica Theresa M
Bought by
Dragonfish 51 Llc
Seller's Agent
Richard Hewins
Gulf Gateway Realty, Inc.
Buyer's Agent
Adam Bartomeo
List Price
$239,900
Sold Price
$223,000
Premium/Discount to List
-$16,900
-7.04%
Current Estimated Value
$421,841

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$198,841
Avg. Annual Appreciation
13.02%

Purchase Details

Closed on
May 16, 2012
Sold by
Andersen Bruce and Curr Ronald
Bought by
Formica Francis J and Formica Theresa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,750
Interest Rate
4.01%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 14, 2006
Sold by
Colofranson Daniel A and Colofranson Valerie
Bought by
Vinciguerra Brian and Vinciguerra Reanna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,400
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 17, 2005
Sold by
Bramer Alma A and Bramer Tommy
Bought by
Colofranson Daniel A and Colofranson Valerie Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,800
Interest Rate
5.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 11, 2000
Sold by
Griglak Andrew J and Griglak Patricia
Bought by
Andersen Bruce and Curr Ronald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,400
Interest Rate
8.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 22, 1997
Sold by
Stratton Christine and Hagen Nancy Curtis
Bought by
Griglak Andrew J and Griglak Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
7.23%
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
Dragonfish 51 Llc $223,000 Florida T&E Group Llc
Formica Francis J $101,000 Title Professionals Of Fl
Vinciguerra Brian $291,000 Realty Title Services Of For
Colofranson Daniel A $159,900 Guardian Title Services Corp
Andersen Bruce $88,000 --
Griglak Andrew J $65,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Formica Francis J $75,750
Previous Owner Vinciguerra Brian $276,400
Previous Owner Colofranson Daniel A $143,800
Previous Owner Andersen Bruce $70,400
Previous Owner Griglak Andrew J $52,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2020 07/14/20 Sold $223,000 -7.0% --
06/14/2020 06/14/20 Pending -- -- --
05/27/2020 05/27/20 For Sale $239,900 -- --
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 $5,580 $206,611 -- --
2023 $5,580 $187,828 $0 $0
2022 $4,825 $170,753 $0 $0
2021 $4,359 $155,230 $56,402 $98,828
2020 $4,055 $138,086 $33,000 $105,086
2019 $3,835 $130,003 $33,000 $97,003
2018 $3,739 $130,807 $32,000 $98,807
2017 $3,581 $125,166 $20,000 $105,166
2016 $3,394 $113,049 $20,255 $92,794
2015 $3,153 $96,106 $15,446 $80,660
2014 -- $83,599 $13,994 $69,605
2013 -- $72,111 $11,666 $60,445
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 220032730

Florida Gulf Coast Multiple Listing Service

APN: 10-45-23-C3-03372.0510