NOT LISTED FOR SALE

508 SE 5th Place Unit 508 & 510 Cape Coral, FL 33990

Hancock Neighborhood

Estimated Value: $501,000 - $622,000

6 Beds
4 Baths
2,416 Sq Ft
$227/Sq Ft Est. Value

Last Sold October 28, 2022

Last sale price $550,000 $228 Per Sq Ft

Current estimated payment $3,678/month

Highlights

  • Patio
  • Tile Flooring
  • Ceiling Fan
  • Cape Elementary School Rated A-
  • Central Heating and Cooling System
  • Rectangular Lot

About This Home

As of October 2022

Great rental investment opportunity in SE Cape Coral, 3/2 unit Duplex able to draw 5k to 6k in rental income. Well maintained duplex with each side featuring very nice kitchen with granite, large living, dining area, tile throughout vaulted ceilings, 3 bedrooms, 2 full bathrooms. Hurricane shutters. Both garages have automatic openers. Built in 2016. Close to shops, dining, and all the rest Cape Coral has to offer...

Last Agent to Sell the Property

Paul Russell

Century 21 Sunbelt Realty License #258029233 Listed on: 09/19/2022

Century 21 Sunbelt Realty

Last Buyer's Agent

Michael Richardson

RE/MAX Trend License #258025935

RE/MAX Trend

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,208

Year Built

  • Built in 2016

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 80 x 125 x 80 x 125
  • Rectangular Lot

Home Design

  • Duplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,416 Sq Ft Home
  • Ceiling Fan
  • Single Hung Windows
  • Tile Flooring

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Outdoor Features

  • Patio

Utilities

  • Central Heating and Cooling System
  • Sewer Assessments

Listing and Financial Details

  • Tenant pays for application fee, cable TV, departure cleaning, electricity, water
  • Legal Lot and Block 96 / 1137
  • Assessor Parcel Number 13-44-23-C3-01137.0960

Community Details

Overview

  • 2 Units
  • Cape Coral Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $16,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,208

Year Built

Built in 2016

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.23
  • Lot Size: 80 x 125 x 80 x 125
  • Road Surface Type: Paved
  • Subdivision Name: CAPE CORAL
  • Architectural Style: Duplex
  • Structure Type: Duplex
  • Year Built: 2016
  • Property Sub Type Additional: Duplex
  • Special Features: VirtualTour

Interior Features

  • Furnished: Unfurnished
  • Number Of Buildings: 1
  • Private Spa: No
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Flooring: Tile
  • Window Features: Single Hung

Exterior Features

  • Lot Features: Rectangular Lot
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Exterior Features: Patio
  • Patio And Porch Features: Patio
  • 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 Unpaid
  • Water Source: Assessment Unpaid

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Amenities: None
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 13-44-23-C3-01137.0960
  • Zoning Description: R3-D
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Application Fee, Cable TV, Departure Cleaning, Electricity, Water

Multi Family

  • Number Of Units Total: 2
  • Property Net Operating Income: 16200.0

Tax Info

  • Tax Annual Amount: 5207.55
  • Tax Block: 1137
  • Tax Lot: 96
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2022
Closed on
Oct 28, 2022
Sold by
Jerome and Clausel
Bought by
Yarosh Andrey
Seller's Agent
Paul Russell
Century 21 Sunbelt Realty
Buyer's Agent
Michael Richardson
RE/MAX Trend
List Price
$580,000
Sold Price
$550,000
Premium/Discount to List
-$30,000
-5.17%
Current Estimated Value
$549,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$667
Avg. Annual Appreciation
-0.04%

Purchase Details

Closed on
Feb 10, 2017
Sold by
Mt Airy Llc
Bought by
Jerome Juraide and Denis Chausel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,946
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 13, 2007
Sold by
Memic Ajid
Bought by
Kline John A and John Kline Living Trust

Purchase Details

Closed on
Aug 6, 2001
Sold by
Jarriel Elaine H
Bought by
Jarriel Elaine H and Jarriel Donald E
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
Yarosh Andrey $550,000 --
Jerome Juraide $279,000 Bay Breeze Title Services Ll
Kline John A -- Omnione Title Services Llc
Jarriel Elaine H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jerome Juraide $273,946
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2022 10/28/22 Sold $550,000 -5.2% $228 / Sq Ft
10/28/2022 10/28/22 Pending -- -- --
09/19/2022 09/19/22 For Sale $580,000 -- $240 / 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 $9,562 $459,371 $66,218 $388,229
2024 $9,562 $464,995 $81,160 $378,144
2023 $9,417 $453,646 $104,400 $349,246
2022 $5,560 $246,862 $0 $0
2021 $5,208 $251,802 $47,000 $204,802
2020 $4,891 $221,777 $0 $0
2019 $4,728 $214,966 $0 $0
2018 $4,719 $211,564 $35,000 $176,564
Source: Public Records

Agents Affiliated with this Home

  • Paul Russell

    Seller's Agent in 2022

    Paul Russell

    Century 21 Sunbelt Realty

    (239) 297-1327

    7 in this area

    96 Total Sales

    Paul Russell
    Section Image
  • Michael Richardson

    Buyer's Agent in 2022

    Michael Richardson

    RE/MAX

    (239) 822-7991

    8 in this area

    67 Total Sales

    Michael Richardson
    Section Image
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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 222069985

Florida Gulf Coast Multiple Listing Service

APN: 13-44-23-C3-01137.0960

Florida Lee County Cape Coral 33990 Hancock

508 SE 5th Place Unit 508 & 510, Cape Coral, FL

This home is located at 508 SE 5th Place Unit 508 & 510, Cape Coral, FL 33990 since 19 September 2022 and is currently estimated at $549,333, approximately $227 per square foot. This property was built in 2016. 508 SE 5th Place Unit 508 & 510 is a home located in Lee County with nearby schools including Caloosa Elementary School, Hancock Creek Elementary School, and Tropic Isles Elementary School.

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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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