NOT LISTED FOR SALE

540 SE 5th Place Unit 1-3 Cape Coral, FL 33990

Hancock Neighborhood

Estimated Value: $609,000 - $719,000

6 Beds
6 Baths
3,324 Sq Ft
$201/Sq Ft Est. Value

Last Sold March 06, 2020

Last sale price $420,000 $126 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $4,400/month

14 Days on Market

Highlights

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

About This Home

As of March 2020

House Hackers, New Investors and Seasoned Investors Alike! Here is a rare opportunity to snatch up a well maintained, well performing, newer construction Triplex! Building was originally constructed as 3 Separate Condos, each with block firewall, Hurricane Shutters and their own SEPARATE and ATTACHED GARAGE with INDIVIDUAL driveway that comfortably fits 2 to 3 additional cars. Each 2 Bed 2 Bath Unit offers an open concept tile kitchen and living room area. NO tiny galley or cramped kitchen here! Solid Counter Tops and Cabinets and High Ceilings. Large Master Bathrooms feature a dual vanity for more than one person to get ready in the morning! Walk-in closets too. There's a screened in back lanai to each unit for your tenants (or yourself) to enjoy! This is a tucked back quiet neighborhood with quiet units and no restrictions. Seller May entertain financing to qualified buyer.

Last Agent to Sell the Property

Fausto Carosella

License #258022318 Listed on: 01/21/2020

Last Buyer's Agent

Renee Renna

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,490

Year Built

  • Built in 2007

Lot Details

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

Home Design

  • Triplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 3,324 Sq Ft Home
  • Ceiling Fan
  • Single Hung Windows

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Full Bathrooms

Utilities

  • Central Heating and Cooling System
  • Sewer Assessments

Listing and Financial Details

  • Tenant pays for application fee, credit check, cable TV, electricity, internet, telephone, water
  • Legal Lot and Block 65 / 1142
  • Assessor Parcel Number 13-44-23-C3-01142.0650

Community Details

Overview

  • 3 Units
  • Cape Coral Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $11,170
  • Net Operating Income $28,430

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,490

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Property Sub Type: Triplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.3443
  • Lot Size: 125 x 120 x 125 x 120
  • Subdivision Name: CAPE CORAL
  • Directions: Off of Cultural Blvd.
  • Architectural Style: Other
  • Structure Type: Triplex
  • Year Built: 2007
  • Property Sub Type Additional: Triplex
  • Special Features: None

Interior Features

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

Exterior Features

  • Lot Features: Oversized Lot, Sprinklers Automatic
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Exterior Features: Sprinkler/Irrigation
  • 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 Paid

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Amenities: See Remarks
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 13-44-23-C3-01142.0650
  • Zoning Description: R3-D
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Application Fee, Credit Check, Cable TV, Electricity, Internet, Telephone, Water

Multi Family

  • Number Of Units Total: 3
  • Property Net Operating Income: 28430.0
  • Annual Operating Expense: 11170.0

Tax Info

  • Tax Annual Amount: 8490.0
  • Tax Block: 1142
  • Tax Lot: 65
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2020
Closed on
Mar 6, 2020
Sold by
Carosella Antonio and Carosella Dortha Ann
Bought by
Obrenski James
Seller's Agent
Fausto Carosella
Buyer's Agent
Renee Renna
List Price
$420,000
Sold Price
$420,000
Current Estimated Value
$677,063

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$257,063
Avg. Annual Appreciation
8.52%
Original Mortgage
$315,000
Outstanding Balance
$278,977
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$387,715

Purchase Details

Closed on
Sep 24, 2004
Sold by
Fermin Antonio and Fermin Bernarda
Bought by
Ramos Builders Inc

Purchase Details

Closed on
Nov 1, 2001
Sold by
Philips Magdalena and Philips Eugene
Bought by
Fermin Antonio and Fermin Bernarda
Source: Public Records

Range of Values:

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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
Obrenski James $420,000 Stewart Title Company
Ramos Builders Inc $75,000 Cape Coral Title Insurance A
Fermin Antonio $6,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Obrenski James $315,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/06/2020 03/06/20 Sold $420,000 0.0% $126 / Sq Ft
02/05/2020 02/05/20 Pending -- -- --
01/21/2020 01/21/20 For Sale $420,000 -- $126 / 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 $10,277 $564,900 -- --
2024 $9,719 $513,545 -- --
2023 $9,719 $466,859 $0 $0
2022 $9,059 $424,417 $0 $0
2021 $8,106 $385,834 $41,216 $344,618
2020 $7,696 $350,471 $45,000 $305,471
2019 $8,490 $343,986 $45,000 $298,986
2018 $8,672 $347,259 $36,000 $311,259
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 220006398

Florida Gulf Coast Multiple Listing Service

APN: 13-44-23-C3-01142.0650