NOT LISTED FOR SALE

Estimated Value: $1,616,000 - $1,801,000

4 Beds
3 Baths
1,957 Sq Ft
$866/Sq Ft Est. Value

Last Sold May 08, 2017

Last sale price $1,010,000 $516 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $10,105/month

9 Days on Market

Highlights

  • Marina
  • No Units Above
  • All Bedrooms Downstairs
  • Heated In Ground Pool
  • Active Adult
  • Gated Parking

About This Home

As of May 2017

GREAT NAPLES ISLAND DUPLEX: 5673 & 5675 E. 2nd Street located on desirable over-sized-for-the-area corner lot! Awesome location only a short walk to Mother's Beach, marina, schools, shops and restaurants! (Note: Buyer to cooperate in Seller's 1031 Exchange at no cost to Buyer.) New Ultra Low NOX emissions water heaters being installed within the next two weeks.

Unit 5673: Charming two-story townhouse style OWNER'S UNIT with refinished original oak floors and scraped ceilings! 2 bedrooms (both upstairs) and 1.5 baths (powder room downstairs; full bath upstairs). Spacious living room and separate dining area at kitchen! Expanded kitchen with island and LED can lighting! Inviting step-down sun room/family room with Mexican pavers and French doors leading out to grassy rear yard with in-ground POOL & SPA! Detached 2-car garage has new roll-up garage door and will soon have new roof, new side door, and new window!

Unit 5675: Single level 2 bedroom and 1 bathroom. Original oak hardwood floors. Inside laundry area. Rear patio area has rolling gate to allow for off-street parking if tenant so desires. This unit would benefit from kitchen and bathroom updating/remodeling.

Last Agent to Sell the Property

Ina Barnett

Fred Kruger, Broker License #00477039 Listed on: 03/20/2017

Last Buyer's Agent

Susana Nadell

Home Smart Realty Group License #01316086

Home Smart Realty Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 4,332 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Wood Fence
  • Fence is in fair condition
  • Landscaped
  • Corner Lot
  • Level Lot
  • Back Yard

Parking

  • 2 Car Garage
  • 1 Open Parking Space
  • Front Facing Garage
  • Single Garage Door
  • No Driveway
  • Gated Parking
  • On-Street Parking
  • Parking Lot
  • Off-Street Parking

Home Design

  • Duplex
  • Cottage
  • Cosmetic Repairs Needed
  • Raised Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,957 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • Plantation Shutters
  • Blinds
  • French Mullion Window
  • Stained Glass
  • Wood Frame Window
  • Window Screens
  • Living Room
  • Pool Views
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Free-Standing Range
  • Dishwasher
  • Formica Countertops

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • All Upper Level Bedrooms
  • 3 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Termite Clearance

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gas Heated Pool
  • Gunite Pool
  • Gunite Spa
  • Fence Around Pool
  • Pool Tile

Outdoor Features

  • Exterior Lighting

Location

  • Property is near a park
  • Property is near public transit

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 33
  • Tax Tract Number 7293
  • Assessor Parcel Number 7244009032

Community Details

Overview

  • Active Adult
  • No Home Owners Association
  • 2 Units

Recreation

  • Marina

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $360
  • Insurance Expense $1,872
  • Maintenance Expense $1,200
  • Pool Expense $770
  • Water Sewer Expense $1,140
  • New Taxes Expense $11,940
  • Operating Expense $17,282
  • Gross Income $56,340
  • Net Operating Income $45,348

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Inclusions: Window air conditioners, washer/dryer in 5675, 2 stoves, 2 refrigerators
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Naples (NA)
  • View: Yes
  • Water Sewer Expenses: 1140.00
  • Zoning: LBR2S
  • Architectural Style: Cottage
  • Property Condition: Repairs Cosmetic, Termite Clearance
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 360.00
  • Parcel Number: 7244009032
  • Year Built: 1946
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Beamed Ceilings, Cathedral Ceiling(s), Ceiling Fan(s), Formica Counters, Recessed Lighting
  • Stories: 2
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Flooring: Carpet, Wood
  • Accessibility Features: See Remarks
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 516.10
  • Room Type: All Bedrooms Down, All Bedrooms Up, Kitchen, Living Room
  • Spa Features: Gunite, Heated, In Ground, Private
  • Window Features: Blinds, Double Pane Windows, French/Mullioned, Plantation Shutters, Screens, Stained Glass, Wood Frames

Exterior Features

  • Foundation: Raised
  • View: Pool
  • Fence: Yes
  • Fencing: Fair Condition, Needs Repair, Wood
  • Pool Expense: 770.00
  • Pool Features: Private, In Ground, Fenced, Heated, Gas Heat, Gunite, Tile
  • Pool Private: Yes
  • Roof: Composition
  • Spa: Yes
  • Construction Materials: Drywall Walls, Frame, Glass, Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking Features: No Driveway, Garage, Garage Faces Front, Garage - Single Door, Gated, Parking Space, Off Street, Street
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Gas Oven, Gas Cooktop, Gas Water Heater, Refrigerator
  • Electric: Electricity - On Property
  • Heating Type: Floor Furnace
  • Laundry Features: In Closet, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: Yes
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Landscaped, Level with Street, Level, Near Public Transit, Park Nearby
  • Lot Size Sq Ft: 4332.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 1100 Square Feet
  • Gross Income: 56340.00
  • Gross Scheduled Income: 56340.00
  • Insurance Expense: 1872.00
  • Maintenance Expense: 1200.00
  • Net Operating Income: 45348.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Dishwasher: 1
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 10982.00
  • Rent Control: No
  • Total Actual Rent: 4695.00
  • Total Expenses: 17282.00
  • Waterfront Features: Marina in Community

Tax Info

  • New Taxes Expense: 11940.00
  • Tax Census Tract: 5775.01
  • Tax Lot: 33
  • Tax Tract Number: 7293

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 30, 2024
Sold by
Nadell Steven Brett and Nadell Susana Goy
Bought by
Nadell Family Trust and Nadell
Current Estimated Value
$1,693,998

Purchase Details

Listed on
Mar 20, 2017
Closed on
Apr 3, 2017
Sold by
Burstain Daniel and Burstain Jane
Bought by
Nadell Steven Brett and Nadell Susana Goy
Seller's Agent
Ina Barnett
Fred Kruger, Broker
Buyer's Agent
Susana Nadell
Home Smart Realty Group
List Price
$995,000
Sold Price
$1,010,000
Premium/Discount to List
$15,000
1.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.17%
Original Mortgage
$707,000
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 10, 2013
Sold by
Burstain Daniel Sagi and Burstain Jane
Bought by
Burstain Daniel and Burstain Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
3.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 3, 2003
Sold by
Burstain Daniel Sagi and Lieb Eleanor
Bought by
Burstain Daniel Sagi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
5.84%

Purchase Details

Closed on
Dec 8, 1998
Sold by
Cressy Alan C
Bought by
Burstain Daniel Sagi and Lieb Eleanor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,000
Interest Rate
6.75%

Purchase Details

Closed on
Oct 8, 1997
Sold by
Cressy Alan C
Bought by
Cressy Alan C and Salinas Regina A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
7.49%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Nadell Family Trust -- None Listed On Document
Nadell Steven Brett $1,010,000 First American Title Company
Burstain Daniel -- Servicelink
Burstain Daniel Sagi -- Chicago Title Co
Burstain Daniel Sagi $355,000 Commonwealth Land Title Co
Cressy Alan C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nadell Steven Brett $707,000
Previous Owner Burstain Daniel $375,000
Previous Owner Burstain Daniel Sagi $285,000
Previous Owner Burstain Daniel Sagi $284,000
Previous Owner Cressy Alan C $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/08/2017 05/08/17 Sold $1,010,000 +1.5% $516 / Sq Ft
03/29/2017 03/29/17 Pending -- -- --
03/20/2017 03/20/17 For Sale $995,000 -- $508 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $14,743 $1,172,186 $940,072 $232,114
2024 $14,743 $1,149,203 $921,640 $227,563
2023 $14,499 $1,126,670 $903,569 $223,101
2022 $13,582 $1,104,579 $885,852 $218,727
2021 $13,340 $1,082,922 $868,483 $214,439
2019 $13,150 $1,050,804 $842,724 $208,080
2018 $12,792 $1,030,200 $826,200 $204,000
2016 $5,754 $470,121 $284,721 $185,400
2015 $5,524 $463,061 $280,445 $182,616
2014 $5,490 $453,991 $274,952 $179,039
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17056499

California Regional Multiple Listing Service (CRMLS)

APN: 7244-009-032