NOT LISTED FOR SALE

480 5th St S Unit 205 Naples, FL 34102

Old Naples Neighborhood

Estimated Value: $554,234 - $661,000

1 Bed
1 Bath
536 Sq Ft
$500/mo HOA Fee

Last Sold November 16, 2021

Last sale price $510,000 $951 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $4,106/month

22 Days on Market

Highlights

  • Pool View
  • Water Fountains
  • Shutters
  • Lake Park Elementary School Rated A
  • Community Pool
  • Concrete Block With Brick

About This Home

As of November 2021

LOCATION, LOCATION, LOCATION! This downtown Naples condominium is mere steps from 5TH AVE S, offering exciting entertainment, shopping, arts & over 30 dining establishments spanning 6 blocks. Access to NAPLES BEACH is just 4 blocks away down a pretty, tree-lined street. Historic 3RD ST, Tin City & Bayfront are also nearby. This property has LOW FEES and is perfect for the investor looking to MAXIMIZE INCOME POTENTIAL, as WEEKLY RENTALS ARE ALLOWED and there is no maximum on the number of leases - rent it every week of the year or save a week or two for yourself! This 2nd (top) floor condo offers 1 bedroom, 1 bathroom, living/dining room, full kitchen, and your own IN-UNIT LAUNDRY room. All appliances including NEWER refrigerator, washer/dryer & wall-mounted flat-screen TV are included. Condo was REPAINTED in early 2021 and both kitchen & bathroom offer GRANITE countertops. Kensington Gardens is surrounded by majestic palm trees & lush greenery. It is a BOUTIQUE condo community of just 2 buildings with 12 units total, offering a gated & sunny courtyard with SWIMMING POOL and outdoor shower. A convenient & DEEDED PARKING SPACE is located right next to the building.

Last Agent to Sell the Property

Kara Eisenga

DomainRealty.com LLC License #NAPLES-249522960 Listed on: 10/04/2021

DomainRealty.com LLC

Last Buyer's Agent

Kara Eisenga

DomainRealty.com LLC License #NAPLES-249522960 Listed on: 10/04/2021

DomainRealty.com LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,880

Year Built

  • Built in 1965

Lot Details

  • South Facing Home
  • Gated Home
  • Property is Fully Fenced
  • Privacy Fence
  • Sprinkler System

HOA Fees

  • $500 Monthly HOA Fees

Parking

  • 1 Parking Garage Space

Home Design

  • Condo Hotel
  • Concrete Block With Brick
  • Stucco
  • Tile

Interior Spaces

  • 536 Sq Ft Home
  • 1-Story Property
  • 2 Ceiling Fans
  • Ceiling Fan
  • Shutters
  • Sliding Windows
  • Combination Dining and Living Room
  • Tile Flooring
  • Pool Views

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Bathtub and Shower Combination in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Outdoor Shower
  • Courtyard
  • Patio
  • Water Fountains

Schools

  • Lake Park Elementary School
  • Gulfview Middle School
  • Naples High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 10770000223

Community Details

Overview

  • 6 Units
  • Low-Rise Condominium
  • Kensington Gardens Condos

Recreation

  • Community Pool

Pet Policy

  • Pets up to 25 lbs
  • Call for details about the types of pets allowed
  • 1 Pet Allowed

Security

  • Card or Code Access
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,880

Year Built

Built in 1965

Lot Details

0

HOA Fees

$500 per month

Listing Details

  • Legal Description: KENSINGTON GARDENS A CONDOMINIUM UNIT 205
  • Property Type: Residential
  • Table: Residential
  • Street View Param: 1$26.142086$-81.800749$223.47$13.33$1.00$pcdsxlQwjO7xuQtzmQNEHQ
  • Building Design: Low Rise (1-3)
  • Building Description: 2 Story
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Furnished Description: Unfurnished
  • Numberof Ceiling Fans: 2
  • Num Unit Floor: 2
  • Price Per Sq Ft: 951.49
  • Total Floors: 1
  • Additional Rooms: Laundry in Residence
  • Estimated Living Area: 536
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Bedrooms: 1 Bed
  • Total Bedrooms: 1
  • Dining Room: Breakfast Bar, Living Dining
  • Equipment: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator/Freezer, Smoke Detector, Washer
  • Flooring: Tile
  • Floor Plan: Efficiency
  • Interior Amenities: Cable Prewire, Fire Sprinkler, Smoke Detectors
  • Primary Bathroom: Combo Tub And Shower
  • Windows: Sliding

Exterior Features

  • Gulf Access: No
  • Private Pool: No
  • Private Spa: No
  • Roof: Tile
  • Construction: Concrete Block
  • Irrigation: Central
  • View: Partial Buildings, Pool/Club
  • Exterior Features: Courtyard, Decorative Shutters, Fence, Outdoor Shower, Patio, Privacy Wall, Sprinkler Auto, Water Display
  • Exterior Finish: Stucco

Garage/Parking

  • Parking: 1 Assigned

Utilities

  • Cable Available: Yes
  • Cooling: Ceiling Fans, Central Electric
  • Heat: Central Electric
  • Security: Completely Fenced, Entry Keypad, Gated
  • Sewer: Central
  • Water: Central

Condo/Co-op/Association

  • Management Company Phone: (239) 649-6357
  • Approval: Application Fee
  • Management: Professional
  • Mandatory HOA: No
  • Restrictions: No Commercial, No RV
  • Sub Condo Name: KENSINGTON GARDENS
  • Condo Fees: 1500
  • Condo Fee Frequency: Quarterly
  • Maintenance: Lawn/Land Maintenance, Pest Control Exterior, Trash Removal, Water

Association/Amenities

  • Pets: Limits
  • Pets Limit Max Number: 1
  • Pets Limit Max Weight: 25
  • Pets Limit Other: 1 cat or dog
  • Development: Olde Naples
  • Amenities: Community Pool
  • Community Type: Condo/Hotel
  • Units In Building: 6
  • Total Number of Units: 12

Fee Information

  • Application Fee: 100.00

Schools

  • Elementary School: LAKE PARK ELEMENTARY
  • Middle School: GULFVIEW MIDDLE SCHOOL
  • High School: NAPLES HIGH SCHOOL
  • Elementary School: Lake Park Elementary
  • High School: Naples High School
  • Middle School: Gulfview Middle School

Lot Info

  • Builder Product: No
  • Lot Unit: 205
  • Section: 9
  • Total Area: 536
  • Waterfront: No
  • Rear Exposure: South
  • Lot Description: Zero Lot Line
  • Parcel Number: 10770000223

Rental Info

  • Lease Limits: Yes
  • Leases Per Year: 52
  • Min Days Of Lease: 7

Tax Info

  • Tax Description: City And County
  • Taxes: 2880.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2021
Closed on
Nov 15, 2021
Sold by
Boston Leasing Group Co Inc
Bought by
Naples Escape Llc
Seller's Agent
Kara Eisenga
DomainRealty.com LLC
Buyer's Agent
Kara Eisenga
DomainRealty.com LLC
List Price
$474,900
Sold Price
$510,000
Premium/Discount to List
$35,100
7.39%
Current Estimated Value
$614,309

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,309
Avg. Annual Appreciation
5.29%

Purchase Details

Closed on
Sep 2, 2008
Sold by
Moore Barbara A and Moore Laurie E
Bought by
Boston Leasing Group Co

Purchase Details

Closed on
Nov 2, 2005
Sold by
Goggins Cynthia J
Bought by
Moore Barbara A and Moore Laurie E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,900
Interest Rate
5.76%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

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Range of Values:

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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
Naples Escape Llc $510,000 Naples Title Inc
Boston Leasing Group Co $220,000 Attorney
Moore Barbara A $407,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Moore Barbara A $284,900
Previous Owner Goggins Cynthia J $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/16/2021 11/16/21 Sold $510,000 +7.4% $951 / Sq Ft
10/26/2021 10/26/21 Pending -- -- --
10/04/2021 10/04/21 For Sale $474,900 0.0% $886 / Sq Ft
04/07/2012 04/07/12 Rented $1,300 0.0% --
03/08/2012 03/08/12 Under Contract -- -- --
07/18/2011 07/18/11 For Rent $1,300 -- --
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
2023 $4,157 $449,200 $0 $449,200
2022 $4,160 $424,217 $0 $424,217
2021 $3,021 $294,440 $0 $294,440
2020 $2,880 $283,720 $0 $283,720
2019 $2,800 $272,674 $0 $0
2018 $2,585 $247,885 $0 $0
2017 $2,484 $225,350 $0 $0
2016 $2,261 $204,864 $0 $0
2015 $1,981 $186,240 $0 $0
2014 -- $177,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 221074558

Naples Area Board of REALTORS®

APN: 10770000223