NOT LISTED FOR SALE

4701 Swanson Loop North Fort Myers, FL 33917

Estimated Value: $5,589,105 - $5,774,000

60 Beds
20 Baths
72,000 Sq Ft
$79/Sq Ft Est. Value

Last Sold March 23, 2020

Last sale price $3,600,000 $50 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $29,962/month

78 Days on Market

Highlights

  • 4.46 Acre Lot
  • Patio
  • Central Heating and Cooling System
  • North Fort Myers High School Rated A
  • Tile Flooring

About This Home

As of March 2020

60 unit apartment complex- all units are 1 bedroom/1 bath. 55 units are tile throughout, 5 have carpet in the bedroom and living room. Current rents are BELOW MARKET at $475 per month but new owner does not have to keep then below market after December 1, 2020. Market rent would be in the range of $750 per month. Complex is a 55+ age restricted community. ( 80% of the units need to be occupied by a resident who is 55 years of age or older) While not a requirement of a sale, price consideration will be given to interested parties who will agree to maintain below market rent. The property is in good repair and is 98% rented. Owner will consider offers that include owner financing. MULTIPLE OFFERS RECEIVED- PLEASE SUBMIT HIGHEST AND BEST OFFER BY JANUARY 22, 2019. Contact listing agent or have your agent contact listing agent for clarification.

Last Agent to Sell the Property

Jason Lipsher

RE/MAX Realty Group License #258008233 Listed on: 12/05/2019

RE/MAX Realty Group

Co-Listed By

Jeannie Steidel

RE/MAX Realty Group License #258000346

Last Buyer's Agent

non-member MLS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $801

Year Built

  • Built in 2006

Lot Details

  • 4.46

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Shingle Roof
  • Stucco

Interior Spaces

  • 72,000 Sq Ft Home
  • 1-Story Property
  • Single Hung Windows

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 60 Bedrooms
  • 20 Full Bathrooms

Additional Features

  • Patio
  • 4.46 Acre Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 19 / A
  • Assessor Parcel Number 02-44-24-03-0000A.0190

Community Details

Overview

  • 2 Units
  • North Fort Myers Subdivision

Building Details

  • Operating Expense $293,724
  • Net Operating Income $42,576

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$801

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 4.461
  • Road Surface Type: Paved
  • Co List Office Mls Id: FREM
  • Co List Office Phone: (239) 489-0444
  • Subdivision Name: NORTH FORT MYERS
  • Directions: Old US 41 to Brooks road- turn east ( right). Community is at the corner of Brooks road and Lavin Lane.
  • Architectural Style: Ranch, One Story
  • Building Stories: 1
  • Structure Type: Quadruplex
  • Year Built: 2006
  • Property Sub Type Additional: Quadruplex
  • Special Features: None
  • Stories: 1

Interior Features

  • Private Spa: No
  • Full Bathrooms: 20
  • Total Bedrooms: 60
  • Flooring: Carpet, Tile
  • Window Features: Single Hung

Exterior Features

  • Lot Features: See Remarks
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: Deed Restriction, Seller Disclosure
  • Construction Type: Stucco, Wood Frame
  • 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: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Amenities: None
  • Pets Allowed: No

Lot Info

  • Parcel #: 02-44-24-03-0000A.0190
  • Zoning Description: C-2
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 2
  • Property Net Operating Income: 42576.0
  • Annual Operating Expense: 293724.0

Tax Info

  • Tax Annual Amount: 801.0
  • Tax Block: A
  • Tax Lot: 19
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2019
Closed on
Mar 19, 2020
Sold by
Habitat For Humanity Of Lee & Hendry Cou
Bought by
Swanson Loop Llc
Seller's Agent
Jason Lipsher
RE/MAX Realty Group
Buyer's Agent
non-member MLS
List Price
$3,600,000
Sold Price
$3,600,000
Current Estimated Value
$5,681,553

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,081,553
Avg. Annual Appreciation
8.49%
Original Mortgage
$2,880,000
Outstanding Balance
$2,545,787
Interest Rate
3.4%
Mortgage Type
Commercial
Estimated Equity
$3,135,766

Purchase Details

Closed on
Oct 19, 2004
Sold by
Habitat For Humanity Of Lee County Inc
Bought by
Habitat For Humanity Of Lee County Inc
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
Swanson Loop Llc $3,600,000 Florida Hometown T&E
Habitat For Humanity Of Lee County Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Swanson Loop Llc $2,880,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/23/2020 03/23/20 Sold $3,600,000 0.0% $50 / Sq Ft
02/22/2020 02/22/20 Pending -- -- --
12/05/2019 12/05/19 For Sale $3,600,000 -- $50 / 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 $915 $6,744,470 $1,110,000 $4,808,676
2024 $915 $6,280,113 $1,200,000 $4,334,516
2023 $863 $0 $0 $0
2022 $863 $6,098,535 $0 $0
2021 $801 $5,544,123 $1,834,141 $3,709,982
2020 $801 $5,044,058 $352,879 $4,691,179
2019 $801 $1,611,419 $104,040 $1,507,379
2018 $801 $1,620,428 $107,304 $1,513,124
2017 $801 $1,612,946 $99,648 $1,513,298
2016 $772 $999,910 $142,056 $857,854
2015 $576 $1,078,804 $155,252 $923,552
2014 $269 $1,142,860 $161,674 $981,186
2013 -- $930,804 $267,956 $662,848
Source: Public Records

Agents Affiliated with this Home

  • Jason Lipsher

    Seller's Agent in 2020

    Jason Lipsher

    RE/MAX

    (239) 850-0466

    11 in this area

    213 Total Sales

    Jason Lipsher
    Section Image
  • Jeannie Steidel

    Seller Co-Listing Agent in 2020

    Jeannie Steidel

    RE/MAX

    (239) 851-3390

    3 in this area

    84 Total Sales

    Jeannie Steidel
    Section Image

  • n

    Buyer's Agent in 2020

    non-member MLS

  • O

    Buyer's Agent in 2020

    Out of area Non Member

    FGC Non-MLS Office

See All Agents

Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 219065109

Florida Gulf Coast Multiple Listing Service

APN: 02-44-24-03-0000A.0190

Florida Lee County North Fort Myers 33917

4701 Swanson Loop, North Fort Myers, FL

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