NOT LISTED FOR SALE

525 Cultural Park Blvd Cape Coral, FL 33990

Hancock Neighborhood

Estimated Value: $511,000 - $603,000

6 Beds
4 Baths
2,400 Sq Ft
$229/Sq Ft Est. Value

Last Sold September 15, 2023

Last sale price $565,000 $235 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $3,641/month

67 Days on Market

Highlights

  • Waterfront
  • Canal Access
  • Park
  • Cape Elementary School Rated A-
  • Patio
  • Tile Flooring

About This Home

As of September 2023

Introducing a remarkable duplex for sale in the coveted Central Cape Coral area. This exceptional property boasts two units, each offering 3 bedrooms, 2 baths, and a one-car garage, all nestled along a serene canal. Situated just minutes away from the renowned Cape Coral Hospital. This duplex is conveniently located across the street from the vibrant Cultural Park, which houses a theater, Art Center, and playground. The surrounding neighborhood is truly spectacular. Both sides of this duplex have undergone recent updates, ensuring modern comfort and style. Moreover, the entire building flaunts a brand-new roof, providing peace of mind for the new owner. While one side of the duplex is currently occupied by a tenant who would love to continue renting, the other side awaits its new resident. This presents an ideal opportunity for both investors and homeowners looking to make their mark in this thriving area of Cape Coral. Don't miss out on this extraordinary duplex in Central Cape Coral, where convenience, aesthetics, and a thriving community converge to create an amazing living experience.

Last Agent to Sell the Property

Jason Liebman

eXp Realty LLC License #278044098 Listed on: 07/10/2023

eXp Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,801

Year Built

  • Built in 2017

Lot Details

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

Home Design

  • Duplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,400 Sq Ft Home
  • Single Hung Windows
  • Tile Flooring

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Outdoor Features

  • Canal Access
  • Patio

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, water
  • Legal Lot and Block 21 / 1144
  • Assessor Parcel Number 13-44-23-C3-01144.0210

Community Details

Overview

  • 2 Units
  • Cape Coral Subdivision

Recreation

  • Park

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $10,750
  • Net Operating Income $31,260

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,801

Year Built

Built in 2017

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
  • Subdivision Name: CAPE CORAL
  • Architectural Style: Duplex
  • Structure Type: Duplex
  • Year Built: 2017
  • Property Sub Type Additional: Duplex
  • Special Features: None

Interior Features

  • 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: Canal Access
  • Waterfront: Yes
  • Disclosures: Owner Has Flood Insurance
  • Construction Type: Block, Concrete, Stucco
  • Exterior Features: Other, Patio
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Shingle

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Amenities: Park
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 13-44-23-C3-01144.0210
  • Zoning Description: R3-W

Rental Info

  • Tenant Pays: Electricity, Water

Multi Family

  • Number Of Units Total: 2
  • Property Net Operating Income: 31260.0
  • Annual Operating Expense: 10750.0

Tax Info

  • Tax Annual Amount: 3800.59
  • Tax Block: 1144
  • Tax Lot: 21
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2023
Closed on
Sep 15, 2023
Sold by
Cutler Annemarie and Cutler Marcus M
Bought by
Pagan Luis R and Puschaver Scott Thomas
Seller's Agent
Jason Liebman
eXp Realty LLC
List Price
$599,000
Sold Price
$565,000
Premium/Discount to List
-$34,000
-5.68%
Views
97
Current Estimated Value
$550,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,333
Avg. Annual Appreciation
-1.21%
Original Mortgage
$529,100
Outstanding Balance
$515,437
Interest Rate
6.13%
Mortgage Type
FHA
Estimated Equity
$35,230

Purchase Details

Listed on
Jul 6, 2017
Closed on
Aug 3, 2017
Sold by
Florida Rmz Llc
Bought by
Cutler Annemarie and Cutler Marcus M
Seller's Agent
Malica Kovalchuk
MAKS Realty Inc
Buyer's Agent
Bradley Polacek Pa
List Price
$314,700
Sold Price
$308,000
Premium/Discount to List
-$6,700
-2.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.30%
Original Mortgage
$100,000
Interest Rate
3.9%
Mortgage Type
Commercial
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
Pagan Luis R $565,000 South Florida Title Insurers
Cutler Annemarie $308,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pagan Luis R $529,100
Previous Owner Cutler Annemarie $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/15/2023 09/15/23 Sold $565,000 -5.7% $235 / Sq Ft
09/15/2023 09/15/23 Pending -- -- --
07/10/2023 07/10/23 For Sale $599,000 +94.5% $250 / Sq Ft
07/06/2017 07/06/17 Sold $308,000 -2.1% $128 / Sq Ft View Prior Sale
07/06/2017 07/06/17 For Sale $314,700 -- $131 / 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 $9,032 $395,845 $71,060 $316,664
2024 $9,032 $431,712 $67,495 $353,407
2023 $6,265 $296,525 $0 $0
2022 $3,801 $194,285 $0 $0
2021 $3,724 $276,300 $40,000 $236,300
2020 $3,499 $186,022 $0 $0
2019 $3,389 $181,840 $0 $0
2018 $3,345 $178,449 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    Jason Liebman

    eXp Realty LLC

    Section Image

  • M

    Seller's Agent in 2017

    Malica Kovalchuk

    MAKS Realty Inc

    (239) 257-1467

    39 in this area

    121 Total Sales

    Malica Kovalchuk
    Section Image

  • B

    Buyer's Agent in 2017

    Bradley Polacek Pa

    Section Image

  • B

    Buyer's Agent in 2017

    Bradley Polacek

    MVP Realty Associates LLC

See All Agents

Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 223048253

Florida Gulf Coast Multiple Listing Service

APN: 13-44-23-C3-01144.0210

Florida Lee County Cape Coral 33990 Hancock

525 Cultural Park Blvd, Cape Coral, FL

This home is located at 525 Cultural Park Blvd, Cape Coral, FL 33990 since 10 July 2023 and is currently estimated at $550,667, approximately $229 per square foot. This property was built in 2017. 525 Cultural Park Blvd 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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