NOT LISTED FOR SALE

Estimated Value: $355,717 - $488,000

5 Beds
4 Baths
2,350 Sq Ft
$179/Sq Ft Est. Value

Last Sold March 12, 2018

Last sale price $233,000 $99 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $2,624/month

15 Days on Market

Highlights

  • Corner Lot
  • Patio
  • Central Heating and Cooling System
  • Cape Elementary School Rated A-
  • Tile Flooring
  • Ceiling Fan

About This Home

As of March 2018

Great income potential! Unique investment property of 2 units with main unit having 3 beds, 2 full baths and an attached 2-car garage and the second unit offers 2 beds and 2 full baths. Both units have a screened lanai that is accessed by sliders off of the great room and they share an open lanai at front entry. The 2/2 unit has a long-standing tenant in place. An updated kitchen is in the main unit with brand NEW cabinets, and this unit has a washer & dryer as well. Both units have a great room design with tile flooring in the main living space that is illuminated by the sun pouring in from the sliders. A new roof was placed on the building in 2014 and the hot water heaters were replaced that year also. Just last year the interior of the units were freshly painted. Situated in a friendly neighborhood on an oversized corner lot with lots of parking (even for a boat), and just a short walk to downtown Cape Coral.

Last Agent to Sell the Property

Denny Grimes

Keller Williams Realty Naples License #258000307 Listed on: 01/25/2018

Keller Williams Realty Naples

Co-Listed By

Tony Erpenbeck

Keller Williams Realty Naples License #258019075

Last Buyer's Agent

Daniel Kolinski

ERA Cape Realty License #274507281

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,852

Year Built

  • Built in 1976

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 84 x 116 x 84 x 116
  • Corner Lot
  • Oversized Lot

Home Design

  • Duplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,350 Sq Ft Home
  • Ceiling Fan
  • Single Hung Windows
  • Sliding Windows

Flooring

  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Additional Features

  • Patio
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, internet, sewer, trash collection, telephone, water
  • Legal Lot and Block 1 / 317
  • Assessor Parcel Number 12-45-23-C3-00317.0010

Community Details

Overview

  • 2 Units
  • Cape Coral Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $30,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,852

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.23
  • Lot Size: 84 x 116 x 84 x 116
  • Road Surface Type: Paved
  • Co List Office Mls Id: FKWN
  • Co List Office Phone: (239) 449-1000
  • Subdivision Name: CAPE CORAL
  • Directions: From S Cape Coral Bridge/Cape Coral Pkwy, turn right onto Coronado Pkwy, turn left onto SE 46th Ln, turn left onto SE 6th Ave.
  • Architectural Style: Duplex
  • Structure Type: Duplex
  • Year Built: 1976
  • Property Sub Type Additional: Duplex
  • Special Features: VirtualTour

Interior Features

  • Furnished: Unfurnished
  • Number Of Buildings: 1
  • Private Spa: No
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Flooring: Concrete, Tile
  • Window Features: Single Hung, Sliding

Exterior Features

  • Lot Features: Corner Lot, Oversized Lot
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Exterior Features: Patio
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Shingle

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Amenities: None
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 12-45-23-C3-00317.0010
  • Zoning Description: R3-D
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number Of Units Total: 2
  • Property Net Operating Income: 30000.0

Tax Info

  • Tax Annual Amount: 1852.0
  • Tax Block: 317
  • Tax Lot: 1
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2018
Closed on
Mar 12, 2018
Sold by
Altman Solomon
Bought by
Olssomn Jesica Reyes
Seller's Agent
Denny Grimes
Keller Williams Realty Naples
Buyer's Agent
Daniel Kolinski
ERA Cape Realty
List Price
$250,000
Sold Price
$233,000
Premium/Discount to List
-$17,000
-6.8%
Current Estimated Value
$420,929

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$187,929
Avg. Annual Appreciation
8.05%
Original Mortgage
$195,500
Outstanding Balance
$166,888
Interest Rate
4.22%
Mortgage Type
New Conventional
Estimated Equity
$254,041

Purchase Details

Closed on
Mar 31, 1995
Sold by
Greenall June Sylvia
Bought by
Altman Solomon
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
Olssomn Jesica Reyes $233,000 Attorney
Altman Solomon $94,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olssomn Jesica Reyes $195,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/12/2018 03/12/18 Sold $233,000 -6.8% $99 / Sq Ft
02/10/2018 02/10/18 Pending -- -- --
01/25/2018 01/25/18 For Sale $250,000 -- $106 / Sq Ft
Source: Florida Gulf Coast Multiple Listing Service

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 $5,001 $278,372 -- --
2024 $5,047 $270,527 $58,948 $199,639
2023 $5,047 $277,366 $71,939 $202,319
2022 $4,842 $277,429 $43,789 $233,640
2021 $4,275 $193,362 $42,912 $150,450
2020 $4,045 $173,623 $40,000 $133,623
2019 $3,974 $171,999 $40,000 $131,999
2018 $2,021 $94,783 $0 $0
2017 $1,998 $100,225 $0 $0
2016 $1,852 $126,623 $20,000 $106,623
2015 $1,752 $111,010 $15,300 $95,710
2014 $1,766 $104,513 $13,700 $90,813
2013 -- $90,606 $9,800 $80,806
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 218007809

Florida Gulf Coast Multiple Listing Service

APN: 12-45-23-C3-00317.0010