NOT LISTED FOR SALE

5441 8th Ave Fort Myers, FL 33907

Pine Manor Neighborhood

Estimated Value: $279,000 - $369,000

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

Last Sold April 27, 2018

Last sale price $130,000 $74 Per Sq Ft

Est. 139% increase in value since last sale

Current estimated payment $1,908/month

1 Day on Market

Highlights

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

About This Home

As of April 2018

Well maintained duplex in area with strong tenant demand. Rent rates are increasing giving buyer upside for more income. Grab this 11.5% CAP rate property before its gone. Properties are moving fast in this area, don't miss out! Can be purchased with duplex next door. Great tenants already in place. No FHA.

Last Agent to Sell the Property

Steve Wood

Venture Realty & Investments License #258004155 Listed on: 03/26/2018

Last Buyer's Agent

Mercedes Barbian

Florida's Realty LLC License #258017065

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,463

Year Built

  • Built in 1975

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
  • 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 sewer, telephone, water
  • Legal Lot and Block 21 / 20
  • Assessor Parcel Number 11-45-24-05-00020.0210

Community Details

Overview

  • 2 Units
  • Pine Manor Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $2,000
  • Net Operating Income $16,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,463

Year Built

Built in 1975

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
  • Subdivision Name: PINE MANOR
  • Architectural Style: Duplex
  • Structure Type: Duplex
  • Year Built: 1975
  • Property Sub Type Additional: Duplex
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • 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, 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 #: 11-45-24-05-00020.0210
  • Zoning Description: TFC-2
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Sewer, Telephone, Water

Multi Family

  • Number Of Units Total: 2
  • Property Net Operating Income: 16000.0
  • Annual Operating Expense: 2000.0

Tax Info

  • Tax Annual Amount: 1463.0
  • Tax Block: 20
  • Tax Lot: 21
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2021
Sold by
Barbian Marcos and Barbian Mercedes
Bought by
Reyes Wilson and Aguilar Isabel Reyes
Current Estimated Value
$311,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,739
Outstanding Balance
$161,861
Interest Rate
3.1%
Mortgage Type
FHA
Estimated Equity
$163,806

Purchase Details

Listed on
Mar 26, 2018
Closed on
Apr 27, 2018
Sold by
Avalanche Properties Llc
Bought by
Barbien Marcos and Barbien Mercedes
Seller's Agent
Steve Wood
Venture Realty & Investments
Buyer's Agent
Mercedes Barbian
Florida's Realty LLC
List Price
$139,000
Sold Price
$130,000
Premium/Discount to List
-$9,000
-6.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.43%

Purchase Details

Closed on
Jul 17, 2001
Sold by
Hawkes Ian D
Bought by
Archer Kenneth D and Archer Mary A

Purchase Details

Closed on
Oct 20, 1999
Sold by
Greene Patrick J and Greene Marcia S
Bought by
Hawkes Ian D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,996
Interest Rate
7.91%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 13, 1993
Sold by
Mcguire Mark G and Mcguire Jeri L
Bought by
Greene Patrick J and Greene Marcia S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,500
Interest Rate
7.18%
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
Reyes Wilson $180,000 Sandcastle Title Svcs Llc
Barbien Marcos $130,000 Sun National Title Co
Archer Kenneth D $75,000 --
Hawkes Ian D $60,000 --
Greene Patrick J $46,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reyes Wilson $176,739
Previous Owner Kpw Properties Inc $100,720
Previous Owner Hawkes Ian D $47,996
Previous Owner Greene Patrick J $34,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2018 04/27/18 Sold $130,000 -6.5% $74 / Sq Ft
03/28/2018 03/28/18 Pending -- -- --
03/26/2018 03/26/18 For Sale $139,000 -- $79 / 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 $2,458 $176,174 -- --
2023 $2,458 $171,043 $17,738 $150,893
2022 $2,821 $156,314 $10,714 $145,600
2021 $2,114 $118,944 $8,400 $110,544
2020 $1,945 $98,514 $8,400 $90,114
2019 $1,789 $86,402 $5,200 $81,202
2018 $1,584 $75,896 $5,200 $70,696
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2018

    Steve Wood

    Venture Realty & Investments

    Section Image

  • M

    Buyer's Agent in 2018

    Mercedes Barbian

    Florida's Realty LLC

    (239) 410-3520

    9 Total Sales

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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 218021430

Florida Gulf Coast Multiple Listing Service

APN: 11-45-24-05-00020.0210

Florida Lee County Fort Myers 33907 Pine Manor

5441 8th Ave, Fort Myers, FL

This home is located at 5441 8th Ave, Fort Myers, FL 33907 since 26 March 2018 and is currently estimated at $323,667, approximately $183 per square foot. This property was built in 1975. 5441 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.

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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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