NOT LISTED FOR SALE

Estimated Value: $584,000 - $1,020,896

8 Beds
4 Baths
-- Sq Ft
0.3 Acres

Last Sold August 09, 2019

Last sale price $900,000

Est. 1% decrease in value since last sale

Current estimated payment $5,403/month

429 Days on Market

Highlights

  • 0.3 Acre Lot
  • Fruit Trees
  • Patio
  • Naples Park Elementary School Rated A-
  • Concrete Block With Brick
  • Tile Flooring

About This Home

As of August 2019

LISTING INCLUDES TWO PROPERTY ID'S 62842920001 AND 62842940007 WOW!! RARELY AVAILABLE 4 UNITS ON TWO LOTS IN THE DESIRABLE 500 BLOCK OF NAPLES PARK. COMPLETE WITH BRICK COURTYARD BETWEEN BUILDINGS. ALL UNITS INCLUDE TWO BEDROOMS/ONE BATH, KITCHEN, PRIVATE LAUNDRY. RECENTLY COMPLETELY UPDATED WITH TILE FLOORS, NEWER ROOF, ETC ETC. ALL ARE IN PRISTINE CONDITION. YOU WONT FIND A BETTER FOUR-PLEX IN THE AREA. SURROUNDED BY NEWER HOMES AND CLOSE TO THE WORLD FAMOUS NAPLES BEACHES. PROPERTY HAS MAJOR INCOME POTENTIAL FOR THE RIGHT BUYER. UNITS CAN BE RENTED DAILY, WEEKLY OR MONTHLY. THERE ARE FOUR UNITS TOTAL. Potential income If Managed Correctly should average $200 per night per unit on a consistant basis.

Last Agent to Sell the Property

Chris Lawrence

Sellstate Prime Realty License #NAPLES-249512179 Listed on: 04/03/2018

Last Buyer's Agent

Chris Lawrence

Sellstate Prime Realty License #NAPLES-249512179 Listed on: 04/03/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,758

Year Built

  • Built in 1970

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions: 100
  • Paved or Partially Paved Lot
  • City Sprinkler System
  • Fruit Trees

Home Design

  • Quadruplex
  • Concrete Block With Brick
  • Shingle Roof
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Single Hung Windows
  • Tile Flooring

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Outdoor Features

  • Patio

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable, full electric, full telephone, internet access
  • Assessor Parcel Number 62842920001
  • Tax Block 75

Community Details

Overview

  • 2 Units
  • Naples Park Condos

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $4,622
  • Net Operating Income $155,520

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,758

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Legal Description: NAPLES PARK UNIT 6 BLK 75 LOT 9
  • Property Type: Residential Income
  • Table: Residential Income
  • Street View Param: 1$26.267191$-81.814888$16.02$13.33$1.00$1EerLjbxREaLxPHXJTYBuA
  • Building Design: Quadraplex
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 4
  • Total Bathrooms: 4.00
  • Total Bedrooms: 8
  • Flooring: Tile
  • Windows: Single Hung

Exterior Features

  • Gulf Access: No
  • Private Pool: No
  • Private Spa: No
  • Roof: Shingle
  • Construction: Concrete Block
  • Irrigation: Central
  • Road: Paved Road
  • Exterior Features: Fruit Trees, Patio
  • Exterior Finish: Stucco

Utilities

  • Cable Available: Yes
  • Cooling: Ceiling Fans, Central Electric
  • Heat: Central Electric
  • Sewer: Central
  • Water: Central

Association/Amenities

  • Pets: No Approval Needed
  • Development: Naples Park
  • Community Type: Non-Gated
  • Units In Building: 2

Condo/Co-op/Association

  • Sub Condo Name: NAPLES PARK

Lot Info

  • Lot Back: 100
  • Lot Frontage: 100
  • Lot Left: 135
  • Lot Right: 135
  • Lot Unit: 9
  • Section: 28
  • Waterfront: No
  • Zoning Code: MULTI FAMILY
  • Acres: 0.3000
  • Lot Description: Regular
  • Lot Dimensions: 100 X 135
  • Parcel Number: 62842920001

Rental Info

  • Tenant Pays: Cable, Full Electric, Full Telephone, Internet Access

Multi Family

  • Unit Count: 4
  • Gross Rental Income: 192000.00
  • Annual Expenses: 4622.00
  • Annual Net Operating Income: 155520.00

Tax Info

  • Taxes: 2757.63

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2018
Closed on
Aug 6, 2019
Sold by
Sparrow Venture Ltd
Bought by
Spb Residential Ltd
Seller's Agent
Chris Lawrence
Sellstate Prime Realty
Buyer's Agent
Chris Lawrence
Sellstate Prime Realty
List Price
$1,000,000
Sold Price
$900,000
Premium/Discount to List
-$100,000
-10%
Current Estimated Value
$889,506

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,494
Avg. Annual Appreciation
0.40%
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
Spb Residential Ltd $800,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gibson Neil $206,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2019 08/09/19 Sold $900,000 -10.0% --
06/06/2019 06/06/19 Pending -- -- --
06/02/2019 06/02/19 Price Changed $1,000,000 +8.1% --
01/05/2019 01/05/19 Price Changed $925,000 -7.5% --
04/03/2018 04/03/18 For Sale $1,000,000 -- --
Source: Naples Area Board of REALTORS®

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
2023 $6,687 $448,612 $0 $0
2022 $5,207 $407,829 $0 $0
2021 $4,778 $370,754 $0 $0
2020 $4,135 $337,049 $242,400 $94,649
2019 $3,356 $230,215 $0 $0
2018 $3,086 $209,286 $0 $0
2017 $2,872 $190,260 $0 $0
2016 $2,879 $172,964 $0 $0
2015 $2,476 $157,240 $0 $0
2014 $2,219 $142,945 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 218025607

Naples Area Board of REALTORS®

APN: 62842940007