NOT LISTED FOR SALE

501 Arbor Lake Dr Unit 5-101 Naples, FL 34110

Coastal North Naples Neighborhood

Estimated Value: $352,383 - $473,000

2 Beds
2 Baths
1,493 Sq Ft
$2,361/mo HOA Fee

Last Sold October 15, 2020

Last sale price $250,000 $167 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $4,613/month

482 Days on Market

Highlights

  • Lake Front
  • Private Membership Available
  • Pond
  • Naples Park Elementary School Rated A-
  • Clubhouse
  • Vaulted Ceiling

About This Home

As of October 2020

Arbor Trace is an active adult community with exceptional amenities including the 17th level Top of the Pointe Club overlooking the Bay and Gulf. North Naples campus for Hodges University Lifelong Learning classes. Enjoy the use of all club facilities, fine dining, and transportation. Housekeeping and maintenance optional. On-site assisted living and round-the-clock emergency monitoring for peace of mind.

Last Agent to Sell the Property

Jodi Hansen

Gray & CO Realty LLC License #NAPLES-249523751 Listed on: 05/28/2019

Co-Listed By

Jennifer Hoops

Arbor Trace Realty License #NAPLES

Last Buyer's Agent

Karen Cranston

Gray & CO Realty LLC License #NAPLES-249527085

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,326

Year Built

  • Built in 1991

Lot Details

  • Lake Front
  • End Unit
  • Northwest Facing Home

HOA Fees

Parking

  • 1 Car Detached Garage
  • Automatic Garage Door Opener
  • Deeded Parking

Home Design

  • Condo Hotel
  • Villa
  • Entry on the 1st floor
  • Metal Construction or Metal Frame
  • Stucco
  • Tile

Interior Spaces

  • 1,493 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Electric Shutters
  • Double Hung Windows
  • Great Room
  • Combination Dining and Living Room
  • Lake Views

Kitchen

  • Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Shower Only

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Pond

Schools

  • Naples Park Elementary School
  • North Naples Middle School
  • Gulf Coast High School

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 22350003382
  • Tax Block 5

Community Details

Overview

  • 5 Units
  • Private Membership Available
  • Arbor Trace Condos
  • Car Wash Area

Amenities

  • Assisted Living Available
  • Restaurant
  • Beauty Salon
  • Clubhouse
  • Billiard Room
  • Community Library
  • Community Storage Space

Recreation

  • Tennis Courts
  • Pickleball Courts
  • Bocce Ball Court
  • Shuffleboard Court
  • Exercise Course
  • Community Pool or Spa Combo
  • Putting Green
  • Dog Park

Pet Policy

  • Pets up to 30 lbs
  • Call for details about the types of pets allowed
  • 2 Pets Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,326

Year Built

Built in 1991

Lot Details

0

HOA Fees

$2,361 per month

Parking

1

Listing Details

  • Legal Description: ARBOR TRACE A CONDOMINIUM 5-101
  • Property Type: Residential
  • Table: Residential
  • Building Design: Villa Attached
  • Building Description: 1 Story/Ranch, End-Unit
  • Storm Protection: Electric Shutters
  • Year Built: 1991
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Furnished Description: Unfurnished
  • Num Unit Floor: 1
  • Price Per Sq Ft: 167.45
  • Total Floors: 1
  • Additional Rooms: Laundry in Residence
  • Estimated Living Area: 1493
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Bedrooms: 2 Bed
  • Total Bedrooms: 2
  • Dining Room: Living Dining
  • Equipment: Auto Garage Door, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator/Icemaker, Smoke Detector, Washer
  • Flooring: Carpet, Tile, Wood
  • Floor Plan: Great Room
  • Interior Amenities: Cable Prewire, High Speed Available, Smoke Detectors, Volume Ceiling, Walk-In Closet, Window Coverings
  • Primary Bathroom: Shower Only
  • Windows: Double Hung

Exterior Features

  • Gulf Access: No
  • Private Pool: No
  • Private Spa: No
  • Roof: Tile
  • Construction: Metal Frame
  • Irrigation: Central
  • View: Lake
  • Exterior Features: Pond
  • Exterior Finish: Stucco
  • Waterfront Type: Lake

Garage/Parking

  • Garage Description: Detached
  • Garage Spaces: 1

Utilities

  • Cable Available: Yes
  • Cooling: Central Electric
  • Heat: Central Electric
  • Sewer: Central
  • Water: Central

Condo/Co-op/Association

  • Management Company Phone: 239-598-2929
  • Approval: Interview
  • Management: Residents
  • Mandatory HOA: No
  • Restrictions: Deeded, Housing For Older Persons
  • Sub Condo Name: ARBOR TRACE
  • Condo Fees: 931
  • Condo Fee Frequency: Monthly
  • Maintenance: Cable, Irrigation Water, Lawn/Land Maintenance, Legal/Accounting, Manager, Pest Control Exterior, Pest Control Interior, Recreational Facilities, Reserve, Sewer, Street Lights, Street Maintenance, Trash Removal, Water
  • Club Fee Mandatory: 1430
  • Club Fee Mandatory Frequency: Monthly

Association/Amenities

  • Pets: Limits
  • Pets Limit Max Number: 2
  • Pets Limit Max Weight: 30
  • Development: Arbor Trace
  • Amenities: Assisted Living Available, Beauty Salon, Billiards, Bocce Court, Clubhouse, Community Pool, Community Room, Community Spa/Hot tub, Dog Park, Exercise Room, Extra Storage, Guest Room, Internet Access, Library, Pickleball, Private Membership, Putting Green, Restaurant, Shuffleboard, Sidewalk, Streetlight, Tennis Court, Underground Utility, Vehicle Wash Area
  • Community Type: Condo/Hotel, Gated
  • Units In Building: 5
  • Total Number of Units: 206

Schools

  • Elementary School: NAPLES PARK ELEMENTARY SCHOOL
  • Middle School: NORTH NAPLES MIDDLE SCHOOL
  • High School: GULF COAST HIGH SCHOOL
  • Elementary School: Naples Park Elementary School
  • High School: Gulf Coast High School
  • Middle School: North Naples Middle School

Lot Info

  • Builder Product: No
  • Lot Unit: 101
  • Section: 8
  • Total Area: 1493
  • Waterfront: Yes
  • Rear Exposure: Northwest
  • Lot Description: Regular
  • Parcel Number: 22350003382

Rental Info

  • Lease Limits: Yes
  • Leases Per Year: 2
  • Min Days Of Lease: 90

Tax Info

  • Tax Description: County Only, Homestead
  • Taxes: 2325.60

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2019
Closed on
Oct 13, 2020
Sold by
Goldstein Eric S and Boruch Family Revocable Trust
Bought by
Lechtner Richard M and Lechtner Bonnie L
Seller's Agent
Jodi Hansen
Gray & CO Realty LLC
Buyer's Agent
Karen Cranston
Gray & CO Realty LLC
List Price
$400,000
Sold Price
$250,000
Premium/Discount to List
-$150,000
-37.5%
Current Estimated Value
$399,846

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,846
Avg. Annual Appreciation
9.77%

Purchase Details

Listed on
Aug 24, 2016
Closed on
Sep 14, 2016
Sold by
Jablonski Margaret A
Bought by
Boruch Mildred C and Boruch Family Revocable Trust
Seller's Agent
Jodi Hansen
Gray & CO Realty LLC
Buyer's Agent
Jennie Bradford
Arbor Trace Realty
List Price
$379,000
Sold Price
$379,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-9.67%

Purchase Details

Closed on
May 29, 2013
Sold by
Zumbrun William and Zumbrun Helen
Bought by
Jablonski Margaret A and Margaret A Jablonski Revocable Trust

Purchase Details

Closed on
Jan 24, 2007
Sold by
Zumbrun William and Zumbrun Helen
Bought by
Zumbrun William and Zumbrun Helen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$442,500
Interest Rate
6.58%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
May 18, 2004
Sold by
Wege Dixie B and Edwards Miriam B
Bought by
Zumbrum William and Zumbrum Helen
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
Lechtner Richard M $250,000 Attorney
Boruch Mildred C $379,000 Cottrell Title & Escrow
Jablonski Margaret A $206,000 Attorney
Zumbrun William -- First American Title
Zumbrum William $200,000 Global Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zumbrun William $442,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/15/2020 10/15/20 Sold $250,000 -3.8% $167 / Sq Ft
09/21/2020 09/21/20 Pending -- -- --
09/09/2020 09/09/20 Price Changed $260,000 -13.3% $174 / Sq Ft
07/24/2020 07/24/20 Price Changed $300,000 -9.1% $201 / Sq Ft
05/21/2020 05/21/20 Price Changed $330,000 -8.3% $221 / Sq Ft
02/11/2020 02/11/20 Price Changed $360,000 -5.3% $241 / Sq Ft
08/05/2019 08/05/19 Price Changed $380,000 -5.0% $255 / Sq Ft
05/28/2019 05/28/19 For Sale $400,000 +5.5% $268 / Sq Ft
09/14/2016 09/14/16 Sold $379,000 0.0% $254 / Sq Ft View Prior Sale
09/08/2016 09/08/16 Pending -- -- --
08/24/2016 08/24/16 For Sale $379,000 -- $254 / Sq Ft
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 $1,906 $217,316 -- --
2024 $1,878 $211,191 -- --
2023 $1,878 $205,040 $0 $0
2022 $1,902 $199,068 $0 $0
2021 $1,913 $193,270 $0 $0
2020 $3,186 $274,250 $0 $274,250
2019 $2,326 $232,411 $0 $0
2018 $2,270 $228,078 $0 $0
2017 $2,230 $223,387 $0 $0
2016 $2,484 $204,248 $0 $0
2015 $2,285 $185,680 $0 $0
2014 $2,081 $168,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 219037238

Naples Area Board of REALTORS®

APN: 22350003382