NOT LISTED FOR SALE

5437 8th Ave Fort Myers, FL 33907

Pine Manor Neighborhood

Estimated Value: $293,000 - $382,000

4 Beds
2 Baths
1,764 Sq Ft
$183/Sq Ft Est. Value

Last Sold May 31, 2016

Last sale price $82,000 $46 Per Sq Ft

Est. 295% increase in value since last sale

Current estimated payment $1,924/month

17 Days on Market

Highlights

  • Tile Flooring
  • Central Heating and Cooling System
  • Rectangular Lot
  • Fort Myers High School Rated A
  • Ceiling Fan

About This Home

As of May 2016

Great Investment opportunity. Property is a duplex with a gross monthly income of $1050/mo. Located centrally in Fort Myers between hwy 41 and Summerlin Rd. Each side of the duplex is a 2 bed 1 bath and each side is rented for $525 a month. This property can be sold separately but is also part of a 10 property package. Contact your agent today and schedule a showing or more information on package.

Last Agent to Sell the Property

Matthew Burstein

EXIT Select Realty License #258019102 Listed on: 04/13/2016

EXIT Select Realty

Co-Listed By

John Baschieri

LPT Realty, LLC License #258013970

Last Buyer's Agent

Steve Wood

Venture Realty & Investments License #258004155

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,050

Year Built

  • Built in 1974

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50 x 125 x 50 x 125
  • Rectangular Lot

Home Design

  • Duplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,764 Sq Ft Home
  • Ceiling Fan
  • Single Hung Windows
  • Tile Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for application fee, cable TV, electricity, pet deposit, water
  • Legal Lot and Block 22 / 20
  • Assessor Parcel Number 11-45-24-05-00020.0220

Community Details

Overview

  • 2 Units
  • Pine Manor Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $2,950
  • Gross Income $12,600
  • Net Operating Income $9,650

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,050

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.14
  • Lot Size: 50 x 125 x 50 x 125
  • Road Surface Type: Paved
  • Co List Office Mls Id: MARN
  • Co List Office Phone: (239) 288-0516
  • Subdivision Name: PINE MANOR
  • Directions: South on 41 from Colonial right on Maple right on eighth units will be on left
  • Architectural Style: Duplex
  • Structure Type: Duplex
  • Year Built: 1974
  • Property Sub Type Additional: Duplex
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Private Spa: No
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • 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
  • Property Condition: Resale
  • Roof: Shingle

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 11-45-24-05-00020.0220
  • Zoning Description: TFC-2
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Application Fee, Cable TV, Electricity, Pet Deposit, Water

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 12600.0
  • Property Net Operating Income: 9650.0
  • Annual Operating Expense: 2950.0

Tax Info

  • Tax Annual Amount: 1050.0
  • Tax Block: 20
  • Tax Lot: 22
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2016
Closed on
May 31, 2016
Sold by
Kpw Properties Inc
Bought by
Avalanche Properties Llc
Seller's Agent
Matthew Burstein
EXIT Select Realty
Buyer's Agent
Steve Wood
Venture Realty & Investments
List Price
$85,000
Sold Price
$82,000
Premium/Discount to List
-$3,000
-3.53%
Current Estimated Value
$323,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$241,667
Avg. Annual Appreciation
15.67%

Purchase Details

Closed on
Apr 18, 2005
Sold by
Archer Kenneth D and Archer Mary A
Bought by
Kpw Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,720
Interest Rate
5.88%
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
Avalanche Properties Llc $845,000 The Title Co
Kpw Properties Inc $251,800 Executive Title Ins Svcs Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open A & J Beepat Llc $93,000
Previous Owner Kpw Properties Inc $100,720
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2016 05/31/16 Sold $82,000 -3.5% $46 / Sq Ft
05/01/2016 05/01/16 Pending -- -- --
04/13/2016 04/13/16 For Sale $85,000 -- $48 / 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
2024 $2,404 $122,250 -- --
2023 $2,404 $111,136 $0 $0
2022 $2,317 $101,033 $0 $0
2021 $1,988 $116,489 $8,400 $108,089
2020 $1,776 $88,018 $8,400 $79,618
2019 $1,627 $75,907 $5,200 $70,707
2018 $1,584 $75,896 $5,200 $70,696
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Matthew Burstein

    EXIT Select Realty

    Section Image
  • John Baschieri

    Seller Co-Listing Agent in 2016

    John Baschieri

    LPT Realty, LLC

    (239) 333-8099

    157 Total Sales

    John Baschieri
    Section Image

  • S

    Buyer's Agent in 2016

    Steve Wood

    Venture Realty & Investments

    Section Image
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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 216024994

Florida Gulf Coast Multiple Listing Service

APN: 11-45-24-05-00020.0220

Florida Lee County Fort Myers 33907 Pine Manor

5437 8th Ave, Fort Myers, FL

This home is located at 5437 8th Ave, Fort Myers, FL 33907 since 13 April 2016 and is currently estimated at $323,667, approximately $183 per square foot. This property was built in 1974. 5437 8th Ave is a home located in Lee County with nearby schools including Orangewood Elementary School, Allen Park Elementary School, and Edison Park Creative & Expressive Arts 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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