NOT LISTED FOR SALE

501 SE 5th St Unit A & B Cape Coral, FL 33990

Hancock Neighborhood

Estimated Value: $508,901 - $542,000

5 Beds
4 Baths
2,510 Sq Ft
$208/Sq Ft Est. Value

Last Sold September 10, 2024

Last sale price $550,000 $219 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $3,397/month

91 Days on Market

Highlights

  • In Ground Pool
  • Oversized Lot
  • Central Heating and Cooling System
  • Cape Elementary School Rated A-
  • Tile Flooring
  • Ceiling Fan

About This Home

As of September 2024

Discover the perfect blend of comfort, convenience, and style in this stunning duplex located in one of the most central neighborhoods in Cape Coral. This property offers two units: a 2-bedroom, 2-bathroom unit and a 3-bedroom, 2-bathroom unit, making it ideal for both homeowners and investors. Each unit features an open-concept design that seamlessly connects the kitchen, dining, and living areas. Both units boast tile flooring throughout, offering a low-maintenance and contemporary aesthetic. Step outside to your private oasis. The property includes a beautiful swimming pool, perfect for cooling off during hot summer days. The pool is enclosed within a pool cage. This duplex is situated in a prime location with close proximity to some of the area's best amenities. Cultural Park, Pine Island Road, Santa Barbara Blvd, Veterans Pkwy, and Hancock Bridge are all just a short drive away. Whether you're looking for cultural activities, dining, shopping, or quick access to major roads, this location has it all. The property includes ample parking space and well-maintained landscaping, adding to its curb appeal. Each unit has its own laundry facilities, ensuring convenience for all residents. With two units, this property offers excellent rental income potential. Live in one unit and rent out the other, or rent both units for maximum revenue features make it an attractive option for. Don't miss the chance to make this beautiful property your own! NO FLOOD ZONE! Low assessment balance outstanding.

Last Agent to Sell the Property

Phuong Hoang

Sellstate Achievers Realty License #258032805 Listed on: 05/16/2024

Last Buyer's Agent

Non-listing FGC MLS Non-Listing agent

FGC Non-MLS Office License #258029255

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,816

Year Built

  • Built in 1979

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 55 x 125 x 148 x 125
  • Oversized Lot

Home Design

  • Duplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,510 Sq Ft Home
  • Partially Furnished
  • Ceiling Fan
  • Double Hung Windows
  • Tile Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Pool

  • In Ground Pool

Utilities

  • Central Heating and Cooling System
  • Sewer Assessments
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 92 / 1137
  • Assessor Parcel Number 13-44-23-C3-01137.0920

Community Details

Overview

  • Cape Coral Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Building Details

  • Operating Expense $51,000
  • Net Operating Income $45,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,816

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.301
  • Lot Size: 55 x 125 x 148 x 125
  • Subdivision Name: CAPE CORAL
  • Directions: South of Pine Island Rd. & right off Cultural Park Blvd.
  • Architectural Style: Duplex
  • Structure Type: Duplex
  • Year Built: 1979
  • Property Sub Type Additional: Duplex
  • Special Features: None

Interior Features

  • Furnished: Partially
  • Private Spa: No
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Flooring: Tile
  • Window Features: Double Hung

Exterior Features

  • Lot Features: Oversized Lot
  • Pool Features: In Ground
  • Pool Private: Yes
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Exterior Features: None
  • 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 Paid
  • Utilities: Cable Available
  • Water Source: Assessment Paid

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Amenities: Other
  • Pets Allowed: Call, Conditional

Lot Info

  • Parcel #: 13-44-23-C3-01137.0920
  • Zoning Description: R3-D
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 1
  • Property Net Operating Income: 45000.0
  • Annual Operating Expense: 51000.0

Tax Info

  • Tax Annual Amount: 7815.7
  • Tax Block: 1137
  • Tax Lot: 92
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2024
Closed on
Sep 10, 2024
Sold by
Pham Dung Thi
Bought by
Thomas Jacob
Seller's Agent
Phuong Hoang
Sellstate Achievers Realty
Buyer's Agent
Non-listing FGC MLS Non-Listing agent
FGC Non-MLS Office
List Price
$549,900
Sold Price
$550,000
Premium/Discount to List
$100
0.02%
Views
70
Current Estimated Value
$521,475

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$28,525
Avg. Annual Appreciation
-4.60%
Original Mortgage
$529,227
Outstanding Balance
$523,565
Interest Rate
6.73%
Mortgage Type
FHA
Estimated Equity
-$2,090

Purchase Details

Listed on
Apr 28, 2022
Closed on
May 27, 2022
Sold by
Heller Joint Declaration Of Trust
Bought by
Pham Dung Thi
Seller's Agent
Terry Carlson Pa
Premiere Plus Realty Company
Buyer's Agent
Phuong Hoang
Sellstate Achievers Realty
List Price
$450,000
Sold Price
$500,000
Premium/Discount to List
$50,000
11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.10%

Purchase Details

Closed on
Jan 8, 2020
Sold by
Heller Keith M
Bought by
Heller Keith M and Heller Kimberly A

Purchase Details

Listed on
Nov 17, 2015
Closed on
Nov 25, 2015
Sold by
Ketcham Richard A and Ketcham Carolyn A
Bought by
Heller Keith M
Seller's Agent
Michael Hall
Jones & Co Realty
Buyer's Agent
CLIFFORD WOODHALL
Home Team Advantage Realty
List Price
$200,000
Sold Price
$200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.11%
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
Thomas Jacob $547,500 Winged Foot Title
Pham Dung Thi $500,000 New Title Company Name
Heller Keith M -- Attorney
Heller Keith M $200,000 Cape Coral Title Insurance A
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thomas Jacob $529,227
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/10/2024 09/10/24 Sold $550,000 +0.9% $219 / Sq Ft
08/16/2024 08/16/24 Pending -- -- --
06/20/2024 06/20/24 Price Changed $545,000 -0.9% $217 / Sq Ft
05/16/2024 05/16/24 For Sale $549,900 +10.0% $219 / Sq Ft
05/30/2022 05/30/22 Pending -- -- --
04/28/2022 04/28/22 Sold $500,000 +11.1% $199 / Sq Ft View Prior Sale
04/28/2022 04/28/22 For Sale $450,000 +125.0% $179 / Sq Ft
11/17/2015 11/17/15 Sold $200,000 0.0% $80 / Sq Ft View Prior Sale
11/17/2015 11/17/15 For Sale $200,000 -- $80 / 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 $7,943 $379,608 $79,458 $271,761
2024 $7,816 $348,748 $106,319 $214,953
2023 $7,816 $340,227 $104,400 $220,280
2022 $6,579 $254,471 $0 $0
2021 $6,103 $231,337 $47,000 $184,337
2020 $5,523 $210,772 $42,000 $168,772
2019 $5,240 $207,538 $45,000 $162,538
2018 $4,857 $170,369 $35,000 $135,369
2017 $4,660 $158,280 $16,000 $142,280
2016 $4,428 $144,035 $16,000 $128,035
2015 $2,327 $127,704 $13,000 $114,704
2014 -- $111,757 $9,024 $102,733
2013 -- $100,505 $5,200 $95,305
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 224043910

Florida Gulf Coast Multiple Listing Service

APN: 13-44-23-C3-01137.0920