NOT LISTED FOR SALE

Estimated Value: $2,021,000 - $2,988,201

6 Beds
5 Baths
3,512 Sq Ft
$774/Sq Ft Est. Value

Last Sold May 17, 2017

Last sale price $1,962,000 $559 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $16,381/month

2 Days on Market

Highlights

  • Marina
  • Property has ocean access
  • Neighborhood Views
  • Naples Bayside Academy Rated A
  • No HOA
  • 3 Car Direct Access Garage

About This Home

As of May 2017

This is a Fantastic Opportunity to own a Great Four Plex in the Heart of Naples Island, One Block to Look Out Park on Beautiful Alamitos Bay. The Units are in good condition and there are Three One Bedroom Units with a Living Room that opens to the Kitchen and Breakfast Area. The Bedroom is 12' x 12' in the Single units.
The Owners Unit is updated with a nice Kitchen with Stainless Appliances and Laminate Wood Flooring, a functional Fireplace in the Formal Living Room
and the Bathrooms have been updated as well. The Master has it's own Bath with a Tub Shower.
Enjoy all the Water activities, Sailing, Boating and the 3rd of July Fireworks Show on the Bay. Close to the Naples Shops and Restaurants, Mother's Beach, the Marina and the Long Beach Yacht Club. Enjoy the Indoor/Outdoor Lifestyle of Naples Island.

Last Agent to Sell the Property

Keith Muirhead

Vista Sotheby's Int'l Realty License #01228376 Listed on: 03/18/2017

Vista Sotheby's Int'l Realty

Last Buyer's Agent

Keith Muirhead

Vista Sotheby's Int'l Realty License #01228376 Listed on: 03/18/2017

Vista Sotheby's Int'l Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 3,110 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • South Facing Home
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Side by Side Parking
  • Three Garage Doors
  • Garage Door Opener
  • Off-Street Parking

Home Design

  • Quadruplex
  • Slab Foundation
  • Stucco

Interior Spaces

  • 3,512 Sq Ft Home
  • 2-Story Property
  • Wired For Sound
  • Built-In Features
  • Ceiling Fan
  • Recessed Lighting
  • Blinds
  • Living Room with Fireplace
  • Neighborhood Views

Kitchen

  • Built-In Range
  • Dishwasher
  • Ceramic Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Mirrored Closets Doors
  • 5 Bathrooms

Accessible Home Design

  • Halls are 36 inches wide or more
  • Doors swing in
  • No Interior Steps

Outdoor Features

  • Property has ocean access
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Sewer Paid
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, electricity, sewer, telephone, trash collection, water
  • Legal Lot and Block 21 / 13
  • Assessor Parcel Number 7243006022

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Recreation

  • Marina

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $5,000
  • Professional Management Expense $5,000
  • Trash Expense $1,500
  • Water Sewer Expense $1,150
  • New Taxes Expense $1
  • Operating Expense $6,500
  • Gross Income $72,000
  • Net Operating Income $60,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

3,110 Sq Ft Lot

Parking

3

Listing Details

  • Assessments: No
  • Professional Management Expense: 5000.00
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Maintained, Paved
  • Subdivision Name Other: Naples
  • View: Yes
  • Water Sewer Expenses: 1150.00
  • Zoning: LBR4R
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7243006022
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Built-in Features, Ceiling Fan(s), Ceramic Counters, Recessed Lighting, Unfurnished, Wired for Sound
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate
  • Accessibility Features: 36 Inch Or More Wide Halls, Doors - Swing In, No Interior Steps
  • Appliances: Yes
  • Door Features: Mirror Closet Door(s)
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 558.66
  • Room Type: Master Bathroom, Master Bedroom
  • Window Features: Blinds

Exterior Features

  • Direction Faces: South
  • Foundation: Slab
  • View: Neighborhood
  • Fence: No
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage, Direct Garage Access, Garage - Three Door, Garage Door Opener, Side by Side, Off Street
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Available, Water Connected
  • Heating: Yes
  • Appliances: Built-In Range, Dishwasher, Disposal, Refrigerator
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer, Sewer Paid
  • Trash Expense: 1500.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 3110.00

Rental Info

  • Tenant Pays: All Utilities, Cable TV, Electricity, Sewer, Telephone, Trash Collection, Water

Multi Family

  • Average1 Bed Area: 750 Square Feet
  • Average3 Bed Area: 1150 Square Feet
  • Gross Income: 72000.00
  • Gross Scheduled Income: 72000.00
  • Insurance Expense: 5000.00
  • Net Operating Income: 60000.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 12000.00
  • Rent Control: No
  • Total Actual Rent: 6250.00
  • Total Expenses: 6500.00
  • Waterfront Features: Marina in Community, Ocean Access

Tax Info

  • New Taxes Expense: 1.25
  • Tax Block: 13
  • Tax Census Tract: 5775.01
  • Tax Lot: 21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 20, 2019
Sold by
Kaplan Rick M and Kaplan Kathleen S
Bought by
Lbk Properties Llc
Current Estimated Value
$2,718,300

Purchase Details

Listed on
Mar 18, 2017
Closed on
Mar 23, 2017
Sold by
Underwood William J
Bought by
Kaplan Rick M and Kaplan Kathleen S
Seller's Agent
Keith Muirhead
Vista Sotheby's Int'l Realty
Buyer's Agent
Keith Muirhead
Vista Sotheby's Int'l Realty
List Price
$2,000,000
Sold Price
$1,962,000
Premium/Discount to List
-$38,000
-1.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.80%
Original Mortgage
$1,000,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 12, 2014
Sold by
Underwood William J
Bought by
Underwood William J and William J Underwood Jr 2000 Revocable In

Purchase Details

Closed on
Jun 29, 2004
Sold by
Lim Thomas H
Bought by
Underwood William J

Purchase Details

Closed on
Nov 3, 1997
Sold by
Mills Mark C
Bought by
Lim Thomas H and Lim June W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$358,020
Interest Rate
7.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 15, 1996
Sold by
Mills Marc C
Bought by
Mills Marc C and Marc C Mills Revocable Trust
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
Lbk Properties Llc -- Ticor Title Company Of Ca
Kaplan Rick M $1,962,000 Ticor Title
Underwood William J -- None Available
Underwood William J $1,500,000 Fidelity National Title Comp
Lim Thomas H $448,000 --
Mills Marc C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kaplan Rick M $1,000,000
Previous Owner Lim Thomas H $358,020
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/17/2017 05/17/17 Sold $1,962,000 -1.9% $559 / Sq Ft
03/20/2017 03/20/17 Pending -- -- --
03/18/2017 03/18/17 For Sale $2,000,000 -- $569 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $28,536 $2,277,064 $1,624,818 $652,246
2024 $28,536 $2,232,416 $1,592,959 $639,457
2023 $28,061 $2,188,644 $1,561,725 $626,919
2022 $26,291 $2,145,730 $1,531,103 $614,627
2021 $25,810 $2,370,303 $1,855,020 $515,283
2020 $25,744 $2,082,989 $1,485,691 $597,298
2019 $25,441 $2,042,164 $1,456,560 $585,604
2018 $24,832 $2,002,140 $1,428,000 $574,140
2016 $21,027 $1,766,239 $1,059,745 $706,494
2015 $20,169 $1,739,709 $1,043,827 $695,882
2014 $20,014 $1,705,631 $1,023,380 $682,251
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17053259

California Regional Multiple Listing Service (CRMLS)

APN: 7243-006-022

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