NOT LISTED FOR SALE

Estimated Value: $1,407,000 - $1,731,000

4 Beds
2 Baths
1,763 Sq Ft
$917/Sq Ft Est. Value

Last Sold February 06, 2019

Last sale price $1,150,000 $652 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $9,908/month

9 Days on Market

Highlights

  • Ocean View
  • Property has ocean access
  • Home fronts a canal
  • Naples Bayside Academy Rated A
  • Fishing
  • Property is near park

About This Home

As of February 2019

Location!!! Location!!! Trophy Property!!! Hard to come by charming two-story duplex with stunning ocean and bay views and only mere minutes from the sand in the irreplaceable Naples Location. Built in 1947 this Duplex has a lot to offer, including a lucrative investment opportunity and an ultra-desirable location on The Peninsula. The trendy design enhances the size of the units and the layout of this gorgeous duplex. The inherent bones of both units are very structurally solid, built with great care and precision. They both feature hardwood floors and are in great shape. Great pride of ownership units with new paint and many upgrades. Units also offer laundry areas, recessed lights, high ceilings, abundant storage and a feeling of spaciousness with natural light. Both units have outdoor space, downstairs has a patio with a patch of grass, ideal to open to the house for a party. The property has an over-sized 2-car garage with lots of space for cars, storage and bikes, to be shared between the occupants. Lots of street parking available. Separate meters for utilities. In addition to being walking distance from the beach, you are just walking distance from Naples Rib company and all the shops on 2nd St. That feature some of Long Beaches finest shopping and dining. Please be very respectful and do not disturb tenants.

Last Agent to Sell the Property

Paul Dempsey

One on One Mortgage and Real Estate License #01863594 Listed on: 10/21/2018

Last Buyer's Agent

Ashley Kibler

One on One Mortgage and Real Estate License #01980390

One on One Mortgage and Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,652

Year Built

  • Built in 1947 | Remodeled

Lot Details

  • 3,618 Sq Ft Lot
  • Home fronts a canal
  • 1 Common Wall
  • South Facing Home
  • Masonry wall
  • Wrought Iron Fence
  • Stucco Fence
  • Paved or Partially Paved Lot
  • Level Lot
  • Private Yard

Parking

  • 2 Car Garage
  • 1 Open Parking Space
  • 1 Carport Space
  • Parking Available
  • Rear-Facing Garage

Property Views

  • Ocean
  • Marina
  • Bay
  • Park or Greenbelt

Home Design

  • Duplex
  • Bungalow
  • Patio Home
  • Split Level Home
  • Turnkey
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,763 Sq Ft Home
  • Double Pane Windows
  • Wood Flooring
  • Carbon Monoxide Detectors
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Property has ocean access
  • Beach Access
  • Exterior Lighting
  • Rain Gutters

Additional Homes

  • Two Homes on a Lot

Location

  • Property is near park
  • Suburban Location

Utilities

  • Heating System Uses Natural Gas
  • Underground Utilities
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 21 / 10
  • Tax Tract Number 7118
  • Assessor Parcel Number 7243003019

Community Details

Overview

  • 2 Units
  • Greenbelt

Recreation

  • Fishing

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $5,780
  • Gardener Expense $1,200
  • Insurance Expense $1,500
  • Maintenance Expense $1,500
  • Trash Expense $480
  • Water Sewer Expense $1,100
  • New Taxes Expense $1
  • Operating Expense $11,560
  • Gross Income $1
  • Net Operating Income $66,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,652

Year Built

Built in 1947 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Security: Carbon Monoxide Detector(s)
  • Subdivision Name Other: Naples (NA)
  • View: Yes
  • Water Sewer Expenses: 1100.00
  • Zoning: LBR2S
  • Architectural Style: Bungalow
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7243003019
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Levels: Multi/Split
  • Price Per Square Foot: 652.30
  • Window Features: Double Pane Windows

Exterior Features

  • Direction Faces: South
  • Other Structures: Two On A Lot
  • View: Bay, Marina, Ocean, Park/Greenbelt
  • Fence: Yes
  • Fencing: Masonry, Stucco Wall, Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Underground Utilities, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Natural Gas
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 480.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Greenbelt, Level with Street, Park Nearby, Patio Home, Paved, Yard
  • Lot Size Sq Ft: 3618.00
  • Lot Size Acres: 0.0831

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Electric Expense: 5780.00
  • Gross Income: 1.00
  • Gross Scheduled Income: 77560.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 3618.0000 Square Feet
  • Maintenance Expense: 1500.00
  • Net Operating Income: 66000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 11560.00
  • Rent Control: No
  • Total Expenses: 11560.00
  • Waterfront Features: Beach Access, Canal Front, Fishing in Community, Ocean Access

Tax Info

  • New Taxes Expense: 1.00
  • Tax Area: 05500
  • Tax Block: 10
  • Tax Census Tract: 5775.01
  • Tax Lot: 21
  • Tax Tract Number: 7118
  • Tax Annual Amount: 12652.10
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2018
Closed on
Jan 29, 2019
Sold by
Sapp Vanis Tawny Rae and The Kelly L Sapp Revocable Tru
Bought by
Ali Irfan H and Ali Suraiya I
Seller's Agent
Paul Dempsey
One on One Mortgage and Real Estate
Buyer's Agent
Ashley Kibler
One on One Mortgage and Real Estate
List Price
$1,389,000
Sold Price
$1,150,000
Premium/Discount to List
-$239,000
-17.21%
Current Estimated Value
$1,616,374

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$466,374
Avg. Annual Appreciation
5.04%
Original Mortgage
$787,500
Outstanding Balance
$692,373
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$924,001

Purchase Details

Closed on
May 4, 2004
Sold by
Mclaurin James R
Bought by
Sapp Kelly L and The Kelly L Sapp Revocable Trust

Purchase Details

Closed on
Apr 4, 2002
Sold by
Mclaurin James R
Bought by
Mclaurin James R and Mclaurin Florence

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,000
Interest Rate
5.55%

Purchase Details

Closed on
May 28, 1997
Sold by
Witucki Richard
Bought by
Mclaurin James R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,200
Interest Rate
8.08%
Mortgage Type
Seller Take Back
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
Ali Irfan H $1,125,000 Pacific Coast Title Company
Sapp Kelly L $889,000 Lawyers Title
Mclaurin James R -- North American Title Co
Mclaurin James R $241,000 Guardian Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ali Irfan H $787,500
Previous Owner Mclaurin James R $122,000
Previous Owner Mclaurin James R $193,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/06/2019 02/06/19 Sold $1,150,000 -17.2% $652 / Sq Ft
10/30/2018 10/30/18 Pending -- -- --
10/21/2018 10/21/18 For Sale $1,389,000 -- $788 / 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 $17,569 $1,406,099 $912,638 $493,461
2024 $17,569 $1,378,530 $894,744 $483,786
2023 $17,278 $1,351,500 $877,200 $474,300
2022 $16,189 $1,325,000 $860,000 $465,000
2021 $14,234 $1,159,387 $824,453 $334,934
2020 $14,197 $1,147,500 $816,000 $331,500
2019 $14,129 $1,133,069 $999,504 $133,565
2018 $13,751 $1,110,853 $979,906 $130,947
2016 $12,652 $1,067,719 $941,856 $125,863
2015 $12,134 $1,051,682 $927,709 $123,973
2014 $12,040 $1,031,082 $909,537 $121,545
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18256550

California Regional Multiple Listing Service (CRMLS)

APN: 7243-003-019