NOT LISTED FOR SALE

Estimated Value: $414,000 - $669,000

5 Beds
3 Baths
-- Sq Ft
7,405 Sq Ft Lot

Last Sold January 18, 2017

Last sale price $235,000

Est. 96% increase in value since last sale

Current estimated payment $2,668/month

13 Days on Market

About This Home

As of January 2017

Newly updated duplex in prime location with solid tenants in place. Renovation include flooring, paint, ,kitchen (in 2/1), A/C units, roof, several windows, some appliances, etc. Since major items are complete, new owners can simply collect the profit.

Last Agent to Sell the Property

James Berry

Equity Realty Listed on: 11/21/2016

Last Buyer's Agent

Lisa Cachon

Cachon Realty Group. LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • 1973

Lot Details

  • 7,405

Home Design

  • Duplex

Listing and Financial Details

  • Tenant pays for application fee, full electric, sewer, water

Community Details

Overview

  • Avalon Estates Condos

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $4,000
  • Net Operating Income $18,794

Property Details

Home Type

Multi-Family

Year Built

1973

Lot Details

0

Listing Details

  • Legal Description: AVALON EST UNIT 1 BLK 2 LOT 27 OR 516 PG 451
  • Street View Param: 1$26.109985$-81.759773$136.48$13.33$1.00$6i3SxjrqQJSFfp3bJ9Qwrg
  • Building Design: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1973

Interior Features

  • Flooring: Tile, Vinyl

Exterior Features

  • Roof: Shingle
  • Exterior Features: Fence, Patio
  • Construction: Concrete Block
  • Exterior Features: Fence, Patio
  • Exterior Finish: Stucco
  • Irrigation: Central
  • Windows: Jalousie, Single Hung

Utilities

  • Cooling: Central Electric
  • Heating: Central Electric
  • Sewer: Central
  • Water: Central

Condo/Co-op/Association

  • Amenities: Common Laundry
  • Sub Condo Name: AVALON ESTATES

Association/Amenities

  • Units in Building: 2
  • Pets: No Approval Needed
  • Development: Avalon Estates

Lot Info

  • Lot Description: Regular
  • Lot Dimensions: 60 X 120
  • Section: 13
  • Zoning Code: RMF-6

Rental Info

  • Tenant Pays: Application Fee, Full Electric, Sewer, Water

Tax Info

  • Tax Description: County Only

Multi Family

  • Gross Operating Income: 24800.00
  • Gross Rental Income: 24800.00
  • Annual Expenses: 4000.00
  • Annual Net Operating Income: 18794.00
  • Total Buildings: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 28, 2017
Sold by
Sareh Houtan
Bought by
Myers Endo Asset Management Llc
Current Estimated Value
$461,403

Purchase Details

Listed on
Nov 21, 2016
Closed on
Jan 18, 2017
Sold by
Pensco Trust Company
Bought by
Sareh Houtan
Seller's Agent
James Berry
Equity Realty
Buyer's Agent
Lisa Cachon
Cachon Realty Group. LLC
List Price
$240,000
Sold Price
$235,000
Premium/Discount to List
-$5,000
-2.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.77%
Original Mortgage
$176,250
Interest Rate
4.16%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 20, 2012
Sold by
Geyer Haydee S
Bought by
Pensco Trust Company
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Myers Endo Asset Management Llc $174,000 None Available
Sareh Houtan $235,000 None Available
Pensco Trust Company $90,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sareh Houtan $176,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/18/2017 01/18/17 Sold $235,000 -2.1% --
12/04/2016 12/04/16 Pending -- -- --
11/21/2016 11/21/16 For Sale $240,000 -- --
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
2025 $3,067 $252,090 -- --
2024 $2,923 $229,173 -- --
2023 $2,923 $208,339 $0 $0
2022 $2,637 $189,399 $0 $0
2021 $2,419 $172,181 $67,620 $104,561
2020 $2,656 $179,840 $0 $0
2019 $2,297 $163,491 $81,420 $82,071
2018 $2,473 $179,935 $81,420 $98,515
2017 $2,018 $122,242 $0 $0
2016 $1,898 $111,129 $0 $0
2015 $1,661 $101,026 $0 $0
2014 $1,494 $91,842 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 216072515

Naples Area Board of REALTORS®

APN: 22622400008