NOT LISTED FOR SALE

Estimated Value: $1,329,000 - $1,851,000

4 Beds
2 Baths
1,891 Sq Ft
$849/Sq Ft Est. Value

Last Sold February 15, 2017

Last sale price $1,000,000 $529 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $9,606/month

207 Days on Market

Highlights

  • Peek-A-Boo Views
  • Property is near public transit
  • Lawn
  • Naples Bayside Academy Rated A
  • Traditional Architecture
  • No HOA

About This Home

As of February 2017

5775-5777 East Second Street is a great Naples Island Duplex conveniently located near the Beach, Canals, Shopping and Dining. Property has been recently renovated to include copper plumbing, updated electrical, new windows, paint, and landscaping. Bathrooms in both units are remodeled and kitchens are upgraded with oak cabinetry and tile counters and flooring. Each unit has its own laundry area. The back unit features two-story townhouse style living with a convenient half bath downstairs, pantry in kitchen, huge dining room that could be used as a den or family room, and a peek-a-boo view of Mother's Beach from the upstairs Master Bedroom. French doors lead to large private fenced patio and direct access to garage. Corner lot with lots of on-street parking in addition to garage parking. Don't miss the pristine property, great investment or live in one/rent the other!

Last Agent to Sell the Property

Janie Sullivan

Coldwell Banker Realty License #1060083 Listed on: 05/24/2016

Coldwell Banker Realty

Last Buyer's Agent

Jennifer Schneider

Premier Properties OC License #01425517

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 3,887 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • Wood Fence
  • Paved or Partially Paved Lot
  • Sprinkler System
  • Lawn
  • Front Yard

Parking

  • 1 Car Direct Access Garage
  • 1 Open Parking Space
  • Parking Available
  • Parking Lot

Home Design

  • Traditional Architecture
  • Property Attached
  • Turnkey
  • Raised Foundation
  • Composition Roof
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 1,891 Sq Ft Home
  • Double Pane Windows
  • French Doors
  • Living Room
  • Peek-A-Boo Views

Kitchen

  • Gas Oven
  • Gas Range
  • Dishwasher
  • Tile Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Laundry in Kitchen

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Additional Features

  • More Than Two Accessible Exits
  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 19 / 11
  • Tax Tract Number 7118
  • Assessor Parcel Number 7243002014

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Water Sewer Expense $600
  • New Taxes Expense $12,500
  • Operating Expense $13,100
  • Gross Income $3,400
  • Net Operating Income $40,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • Subdivision Name Other: Naples (NA)
  • View: Yes
  • Water Sewer Expenses: 600.00
  • Zoning: R2
  • Architectural Style: Traditional
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 7243002014
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Copper Plumbing Full, Tile Counters
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Accessibility Features: 2+ Access Exits
  • Appliances: Yes
  • Door Features: French Doors
  • Levels: Two
  • Price Per Square Foot: 528.82
  • Room Type: Living Room
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Raised
  • View: Peek-A-Boo
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage, Parking Space
  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage, In Kitchen
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lawn, Paved, Sprinkler System, Near Public Transit
  • Lot Size Sq Ft: 3887.00
  • Price Per Lot Square Foot: 282.99

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 3400.00
  • Gross Scheduled Income: 40800.00
  • Net Operating Income: 40200.00
  • 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
  • Operating Expense: 600.00
  • Rent Control: No
  • Total Actual Rent: 3400.00
  • Total Expenses: 13100.00

Tax Info

  • New Taxes Expense: 12500.00
  • Tax Block: 11
  • Tax Lot: 19
  • Tax Tract Number: 7118

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2016
Closed on
Dec 19, 2016
Sold by
Lester Susan
Bought by
Bell Catavina
Seller's Agent
Janie Sullivan
Coldwell Banker Realty
Buyer's Agent
Jennifer Schneider
Premier Properties OC
List Price
$1,100,000
Sold Price
$1,000,000
Premium/Discount to List
-$100,000
-9.09%
Current Estimated Value
$1,606,115

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$606,115
Avg. Annual Appreciation
5.47%
Original Mortgage
$650,000
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 28, 2009
Sold by
Barry Mary A and Barry Family Trust
Bought by
Lester Susan and Barry Family Trust

Purchase Details

Closed on
May 20, 2003
Sold by
Barry Mary A and Barry Family Trust
Bought by
Barry Mary A and The Barry Family Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bell Catavina $1,000,000 Ticor Title
Lester Susan -- None Available
Barry Mary A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bell Catavina $650,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/15/2017 02/15/17 Sold $1,000,000 -2.8% $529 / Sq Ft
12/17/2016 12/17/16 Pending -- -- --
11/20/2016 11/20/16 Price Changed $1,029,000 -6.5% $544 / Sq Ft
11/07/2016 11/07/16 For Sale $1,100,000 0.0% $582 / Sq Ft
11/04/2016 11/04/16 For Sale $1,100,000 +10.0% $582 / Sq Ft
10/31/2016 10/31/16 Off Market $1,000,000 -- --
10/13/2016 10/13/16 Pending -- -- --
05/24/2016 05/24/16 For Sale $1,100,000 -- $582 / 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 $14,596 $1,160,581 $928,467 $232,114
2024 $14,596 $1,137,825 $910,262 $227,563
2023 $14,354 $1,115,515 $892,414 $223,101
2022 $13,449 $1,093,643 $874,916 $218,727
2021 $13,207 $1,072,200 $857,761 $214,439
2019 $13,018 $1,040,400 $832,320 $208,080
2018 $12,663 $1,020,000 $816,000 $204,000
2016 $1,369 $91,286 $65,007 $26,279
2015 $1,321 $89,916 $64,031 $25,885
2014 $1,325 $88,155 $62,777 $25,378
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16110737

California Regional Multiple Listing Service (CRMLS)

APN: 7243-002-014