NOT LISTED FOR SALE

Estimated Value: $1,606,000 - $1,915,000

3 Beds
2 Baths
1,889 Sq Ft
$938/Sq Ft Est. Value

Last Sold April 01, 2021

Last sale price $1,400,000 $741 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $10,725/month

Highlights

  • Ocean View
  • Across the Road from Lake or Ocean
  • Wrought Iron Fence
  • Naples Bayside Academy Rated A
  • Laundry Room

About This Home

As of April 2021

Exceptional Penninsula duplex close to the sand. Experience all the 2nd Street has to offer. Large windows in both units which give way to a beuatiful beach view. Upstairs unit consists of 2BD / 1BA. Laundry is located in the unit. Downstairs unit consists of 1BD / !BA. It has an open floor and also contains laundry within the unit. Take advantage of the ocean breeze while sitting on the front patio. There are two single car garages in the rear of the property.

Last Agent to Sell the Property

Christy Westphal

Century 21 Masters License #02030334 Listed on: 04/02/2021

Century 21 Masters

Co-Listed By

Melinda Elmer

Century 21 Masters License #01399946

Last Buyer's Agent

Christy Westphal

Century 21 Masters License #02030334 Listed on: 04/02/2021

Century 21 Masters

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 2,699 Sq Ft Lot
  • 1 Common Wall
  • Wrought Iron Fence
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Property Attached
  • Composition Roof

Interior Spaces

  • 1,889 Sq Ft Home
  • Ocean Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Additional Features

  • Exterior Lighting
  • Across the Road from Lake or Ocean

Listing and Financial Details

  • Legal Lot and Block 27 / 28
  • Tax Tract Number 3750
  • Assessor Parcel Number 7247024023

Community Details

Overview

  • 2 Units
  • Peninsula Subdivision

Recreation

  • Water Sports

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $28,800
  • Net Operating Income $28,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Peninsula (PI)
  • View: Yes
  • Zoning: LBR4R
  • Property Type: Residential Income
  • Parcel Number: 7247024023
  • Year Built: 1927
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 741.13

Exterior Features

  • View: Ocean
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Watersports, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2699.00
  • Lot Size Acres: 0.0620

Multi Family

  • Gross Income: 28800.00
  • Gross Scheduled Income: 2400.00
  • Lot Size Area: 2699.0000 Square Feet
  • Net Operating Income: 28000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No
  • Waterfront Features: Across the Road from Lake/Ocean

Tax Info

  • Tax Block: 28
  • Tax Census Tract: 5773.00
  • Tax Lot: 27
  • Tax Tract Number: 3750

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2021
Closed on
Apr 1, 2021
Sold by
Sparks Victoria L and Totta Anna R
Bought by
Smith Marad
Seller's Agent
Christy Westphal
Century 21 Masters
Buyer's Agent
Christy Westphal
Century 21 Masters
List Price
$1,400,000
Sold Price
$1,400,000
Current Estimated Value
$1,732,859

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$332,859
Avg. Annual Appreciation
5.07%
Original Mortgage
$1,050,000
Outstanding Balance
$942,838
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$828,725

Purchase Details

Closed on
Dec 17, 1999
Sold by
Cyprus Kip C
Bought by
Cyprus Brett M and Kip F Cyprus Family Trust

Purchase Details

Closed on
Jul 9, 1997
Sold by
Cyprus Amy L
Bought by
Cyprus Kip C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
4.25%

Purchase Details

Closed on
Jun 27, 1997
Sold by
American Svgs Bank Fsb
Bought by
Cypruss Kip C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
4.25%

Purchase Details

Closed on
May 2, 1997
Sold by
Angelo Joseph E D
Bought by
American Svgs Bank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
4.25%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Smith Marad $1,400,000 Orange Coast Title
Cyprus Brett M -- --
Cyprus Kip C -- Investors Title Company
Cypruss Kip C $280,000 Investors Title Company
American Svgs Bank $309,809 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Marad $1,050,000
Previous Owner Cypruss Kip C $224,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/02/2021 04/02/21 For Sale $1,400,000 0.0% $741 / Sq Ft
04/01/2021 04/01/21 Sold $1,400,000 -- $741 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $19,736 $1,515,402 $985,012 $530,390
2024 $18,892 $1,485,690 $965,699 $519,991
2023 $18,579 $1,456,560 $946,764 $509,796
2022 $17,422 $1,428,000 $928,200 $499,800
2021 $9,379 $752,445 $521,108 $231,337
2020 $9,355 $745,210 $515,765 $229,445
2019 $9,245 $730,608 $505,652 $224,956
2018 $8,991 $716,293 $495,738 $220,555
2016 $8,269 $688,019 $476,489 $211,530
2015 $7,934 $677,685 $469,332 $208,353
2014 $7,806 $658,235 $460,139 $198,096
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21069269

California Regional Multiple Listing Service (CRMLS)

APN: 7247-024-023