NOT LISTED FOR SALE

531 SE 8th St Cape Coral, FL 33990

Hancock Neighborhood

Estimated Value: $454,000 - $533,000

6 Beds
4 Baths
2,508 Sq Ft
$199/Sq Ft Est. Value

Last Sold August 26, 2024

Last sale price $540,000 $215 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $3,374/month

47 Days on Market

Highlights

  • Oversized Lot
  • Tile Flooring
  • Ceiling Fan
  • Cape Elementary School Rated A-
  • Central Heating and Cooling System
  • 4-minute walk to Cultural Park

About This Home

As of August 2024

Experience the opportunity to Own an Income producing Newer Duplex. Each unit has 3 bedrooms 2 baths and is Tiled throughout. Each unit has a 1 car garage paved driveway and walk way to the front door. Each has it's own private screened in Lanai. Wood Cabinets with Granite counter tops. Stainless steel appliances, very large Counter space and separate area for dining options. Lots of cabinets and pantry for storage. Open concept with Volume ceilings. 52" Ceiling fans in all rooms. 2" blinds. Double sinks in master bathroom with walk in shower. Walk in Closet. Split living. large under-truss Lanai and over sized Garage with high ceilings. Paved Driveway and walkway. Located on a 3 lot site. Close to schools, shopping and dining. Both units are currently rented. We need a minimum of 24 hour notice to view.

Last Agent to Sell the Property

Dianna Scarano

Experience Real Estate Group License #258019183 Listed on: 06/29/2024

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

  • $8,673

Year Built

  • Built in 2019

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 120 x 125 x 120 x 125
  • Oversized Lot

Home Design

  • Duplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,508 Sq Ft Home
  • Ceiling Fan
  • Single Hung Windows
  • Sliding Windows
  • Tile Flooring

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Utilities

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

Listing and Financial Details

  • Tenant pays for application fee, credit check, cable TV, departure cleaning, electricity, sewer, telephone, water
  • Legal Lot and Block 15 / 1072
  • Assessor Parcel Number 13-44-23-C3-01072.0150

Community Details

Overview

  • 2 Units
  • Cape Coral Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $18,669
  • Net Operating Income $25,071

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,673

Year Built

Built in 2019

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.344
  • Lot Size: 120 x 125 x 120 x 125
  • Subdivision Name: CAPE CORAL
  • Directions: From Santa Barbara Blvd Heading North, Turn left onto SE 8th St. Duplex is on left side. 531/535.
  • Architectural Style: Duplex
  • Structure Type: Duplex
  • Year Built: 2019
  • Property Sub Type Additional: Duplex
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Private Spa: No
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Flooring: Tile
  • Window Features: Single Hung, Sliding

Exterior Features

  • Lot Features: Multiple lots, Oversized Lot
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Exterior Features: Room For Pool
  • 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
  • Utilities: Cable Available
  • Water Source: Assessment Paid, Public

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 13-44-23-C3-01072.0150
  • Zoning Description: R3-D
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Application Fee, Credit Check, Cable TV, Departure Cleaning, Electricity, Sewer, Telephone, Water

Multi Family

  • Number Of Units Total: 2
  • Property Net Operating Income: 25070.72
  • Annual Operating Expense: 18669.28

Tax Info

  • Tax Annual Amount: 8673.25
  • Tax Block: 1072
  • Tax Lot: 15
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2024
Closed on
Aug 26, 2024
Sold by
4Lavenders Llc
Bought by
Alfonso Ihosdany
Seller's Agent
Dianna Scarano
Experience Real Estate Group
Buyer's Agent
Non-listing FGC MLS Non-Listing agent
FGC Non-MLS Office
List Price
$559,000
Sold Price
$540,000
Premium/Discount to List
-$19,000
-3.4%
Views
17
Current Estimated Value
$499,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$40,667
Avg. Annual Appreciation
-6.47%

Purchase Details

Listed on
Mar 30, 2018
Closed on
May 18, 2018
Sold by
Barnhart Holly Stuart
Bought by
4Lavenders Llc
Seller's Agent
Steve OBrien
Steves Property Group LLC
Buyer's Agent
Brian Barnhart
Gulf Gateway Realty, Inc.
List Price
$35,000
Sold Price
$40,000
Premium/Discount to List
$5,000
14.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
50.09%

Purchase Details

Listed on
Mar 30, 2018
Closed on
Apr 10, 2018
Sold by
Quality Wealth Solutions Llc
Bought by
Barnhart Holly Stuart
Seller's Agent
Steve OBrien
Steves Property Group LLC
Buyer's Agent
Brian Barnhart
Gulf Gateway Realty, Inc.
List Price
$35,000
Sold Price
$40,000
Premium/Discount to List
$5,000
14.29%

Purchase Details

Closed on
Apr 23, 2013
Sold by
County Of Lee
Bought by
Quality Wealth Solutions Llc

Purchase Details

Closed on
Jul 27, 2005
Sold by
Innovative Investing Llc
Bought by
Robben Christopher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,000
Interest Rate
8.25%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 31, 2004
Sold by
Bores Kent A
Bought by
Stouffer Robert L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,400
Interest Rate
6.01%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 18, 2002
Sold by
Parenteau Robert and Parenteau Marie
Bought by
Bores Kent A
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Alfonso Ihosdany $540,000 None Listed On Document
4Lavenders Llc $65,000 Title Ins Agcy
Barnhart Holly Stuart $40,000 Florida Hometown Title & Esc
Quality Wealth Solutions Llc $10,418 None Available
Robben Christopher -- Tri County Title Insurance A
Innovative Investing Llc $127,000 Tri County Title Insurance A
Stouffer Robert L $40,000 Allegiance Title Florida Inc
Bores Kent A $10,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Robben Christopher $127,000
Previous Owner Stouffer Robert L $238,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/26/2024 08/26/24 Sold $540,000 -3.4% $215 / Sq Ft
08/16/2024 08/16/24 Pending -- -- --
06/29/2024 06/29/24 For Sale $559,000 +1297.5% $223 / Sq Ft
03/30/2018 03/30/18 Sold $40,000 +14.3% -- View Prior Sale
03/30/2018 03/30/18 For Sale $35,000 -- --
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 $9,059 $514,376 $86,080 $422,139
2024 $8,673 $368,867 -- --
2023 $8,673 $335,334 $0 $0
2022 $8,077 $304,849 $0 $0
2021 $7,124 $278,158 $49,000 $229,158
2020 $6,098 $251,941 $47,000 $204,941
2019 $2,260 $50,000 $50,000 $0
2018 $1,817 $36,000 $36,000 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2024

    Dianna Scarano

    Experience Real Estate Group

    (239) 225-5343

    9 in this area

    63 Total Sales

    Dianna Scarano
    Section Image

  • N

    Buyer's Agent in 2024

    Non-listing FGC MLS Non-Listing agent

    FGC Non-MLS Office

  • Steve OBrien

    Seller's Agent in 2018

    Steve OBrien

    Steves Property Group LLC

    (239) 994-0855

    16 in this area

    133 Total Sales

    Steve OBrien
    Section Image
  • Brian Barnhart

    Buyer's Agent in 2018

    Brian Barnhart

    Gulf Gateway Realty, Inc.

    (239) 443-2500

    30 in this area

    1,198 Total Sales

    Brian Barnhart
    Section Image
See All Agents

Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 224054281

Florida Gulf Coast Multiple Listing Service

APN: 13-44-23-C3-01072.0150

Florida Lee County Cape Coral 33990 Hancock

531 SE 8th St, Cape Coral, FL

This home is located at 531 SE 8th St, Cape Coral, FL 33990 since 29 June 2024 and is currently estimated at $499,333, approximately $199 per square foot. This property was built in 2019. 531 SE 8th St 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

Nearby Homes