NOT LISTED FOR SALE

507 SE 6th Ave Unit 1-2 Cape Coral, FL 33990

Hancock Neighborhood

Estimated Value: $498,000 - $759,000

8 Beds
8 Baths
3,944 Sq Ft
$150/Sq Ft Est. Value

Last Sold March 31, 2023

Last sale price $765,000 $194 Per Sq Ft

Est. 23% decrease in value since last sale

Current estimated payment $3,911/month

Highlights

  • Oversized Lot
  • Tile Flooring
  • Central Heating and Cooling System
  • Cape Elementary School Rated A-

About This Home

As of March 2023

ALL UNITS ARE OCCUIPED! This Quadplex is located right off Cultural Parkway. Upon driving into the neighborhood there is a Cultural Park Theatre, Cape Coral Museum of History and a park! Assessments paid, newer roof from 2022. Each unit has washer dryer hook up, individual water and electric meters . The Units face each other creating a courtyard to walk along that has been freshly painted. Additional features nearby include: shopping, restaurants, Sun-splash Family Waterpark and Cape Coral Hospital.

Last Agent to Sell the Property

Tarah Jackson

Florida Resale Properties Inc License #258030767 Listed on: 02/03/2023

Last Buyer's Agent

Tarah Jackson

Florida Resale Properties Inc License #258030767 Listed on: 02/03/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,987

Year Built

  • Built in 1984

Lot Details

  • 0.36 Acre Lot
  • Lot Dimensions are 125 x 125 x 125 x 125
  • Oversized Lot

Home Design

  • Duplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 3,944 Sq Ft Home
  • Single Hung Windows
  • Tile Flooring

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Full Bathrooms

Utilities

  • Central Heating and Cooling System
  • Sewer Assessments

Community Details

  • 4 Units
  • Cape Coral Subdivision

Listing and Financial Details

  • Tenant pays for application fee, electricity, water
  • Legal Lot and Block 17 / 1140
  • Assessor Parcel Number 13-44-23-C3-01140.0170

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,987

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.359
  • Lot Size: 125 x 125 x 125 x 125
  • Subdivision Name: CAPE CORAL
  • Architectural Style: Other, Duplex
  • Structure Type: Quadruplex, Duplex
  • Year Built: 1984
  • Property Sub Type Additional: Duplex,Quadruplex
  • Special Features: None

Interior Features

  • Private Spa: No
  • Full Bathrooms: 8
  • Total Bedrooms: 8
  • Flooring: Tile
  • Window Features: Single Hung

Exterior Features

  • Lot Features: Oversized Lot
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Property Condition: Resale
  • Roof: Shingle

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Assessment Paid
  • Water Source: Assessment Paid, Public

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 13-44-23-C3-01140.0170
  • Zoning Description: R3-D
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Application Fee, Electricity, Water

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 5987.4
  • Tax Block: 1140
  • Tax Lot: 17
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2023
Closed on
Mar 30, 2023
Sold by
Joseph Romano Revocable Trust
Bought by
Varughese Thomas C
Seller's Agent
Tarah Jackson
Florida Resale Properties Inc
Buyer's Agent
Tarah Jackson
Florida Resale Properties Inc
List Price
$795,000
Sold Price
$765,000
Premium/Discount to List
-$30,000
-3.77%
Views
106
Current Estimated Value
$592,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$172,667
Avg. Annual Appreciation
-9.58%
Original Mortgage
$573,750
Outstanding Balance
$556,344
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$35,989

Purchase Details

Closed on
Dec 31, 2004
Sold by
Pinera Hugo L and Pinera Elena
Bought by
Romano Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6%
Mortgage Type
Seller Take Back
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
Varughese Thomas C $765,000 Florida Gulf Coast Title
Romano Joseph $240,000 Tradewinds Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Varughese Thomas C $573,750
Previous Owner Romano Joseph $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2023 03/31/23 Sold $765,000 -3.8% $194 / Sq Ft
03/31/2023 03/31/23 Pending -- -- --
02/03/2023 02/03/23 For Sale $795,000 -- $202 / 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 $9,658 $417,804 $86,080 $319,082
2024 $7,405 $458,082 $126,610 $317,740
2023 $7,405 $279,469 $0 $0
2022 $6,557 $253,418 $0 $0
2021 $5,987 $282,477 $49,594 $232,883
2020 $5,732 $264,036 $47,000 $217,036
2019 $5,426 $263,254 $50,000 $213,254
2018 $5,211 $251,918 $36,000 $215,918
2016 $4,546 $213,044 $19,544 $193,500
2015 $4,190 $188,891 $18,532 $170,359
2014 -- $158,427 $12,448 $145,979
2013 -- $121,869 $6,920 $114,949
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2023

    Tarah Jackson

    Florida Resale Properties Inc

    (239) 789-7841

    1 in this area

    36 Total Sales

    Tarah Jackson
    Section Image
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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 223008243

Florida Gulf Coast Multiple Listing Service

APN: 13-44-23-C3-01140.0170

Florida Lee County Cape Coral 33990 Hancock

507 SE 6th Ave Unit 1-2, Cape Coral, FL

This home is located at 507 SE 6th Ave Unit 1-2, Cape Coral, FL 33990 since 03 February 2023 and is currently estimated at $592,333, approximately $150 per square foot. This property was built in 1984. 507 SE 6th Ave Unit 1-2 is a home located in Lee County with nearby schools including Caloosa Elementary School, Hancock Creek Elementary School, and Tropic Isles Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Florida Gulf Coast Multiple Listing Service The information is being provided by Southwest Florida Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 Southwest Florida Multiple Listing Service. All Rights Reserved

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