NOT LISTED FOR SALE

Estimated Value: $745,000 - $1,099,000

8 Beds
8 Baths
3,980 Sq Ft
$235/Sq Ft Est. Value

Last Sold May 10, 2018

Last sale price $585,000 $147 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $6,031/month

187 Days on Market

Highlights

  • 33 Feet of Waterfront
  • Dock made with concrete
  • Canal View
  • Sallie Jones Elementary School Rated A-
  • Water access To Gulf or Ocean
  • Deck

About This Home

As of May 2018

QUADRAPLEX (4 UNITS) located in desirable deed restricted PUNTA GORDA ISLES. Two story building with 2 units to each floor. All units are currently occupied. Monthly rentals of the four units total $3250. All units have separate water and electric meters. Each unit is approx. 1000 sq. ft. with 2 Bedrooms and 2 Bathrooms, Great Room, Kitchen with breakfast bar, Inside Laundry and screened lanai each unit. Each unit has refrigerator, oven/range, microwave, dishwasher, disposal, washer, dryer. Open floor plan, kitchen with breakfast bar, one bathroom with large walk in shower, second bathroom with tub/shower combo, windows are impact glass, lanai sliders are thermopane, walk in closet, inside laundry, tile floors throughout, vertical blinds on all windows, access via sliding glass doors to screened lanai. Ceiling fans in bedrooms and great room. Sprinkler system. Roof replaced 2004. New exterior aluminum steps. A/C units are serviced and cleaned every 6 months. Whole building pest control every quarter and termite inspection every year. Open parking. Dock with water and electric has two 24 foot boat slips. 10 minutes to Charlotte Harbor and on to the Gulf of Mexico. Room for a pool per owner. You can have your own FAMILY COMPOUND! Mom and Dad in one unit, grandparents in a unit, brother and sister in the other 2 units. Located minutes from golf, Fishermen's Village and historic downtown Punta Gorda shopping, dining, medical care, waterfront parks, fishing piers, art galleries, events and more.

Last Agent to Sell the Property

Jerry Hayes

RE/MAX ALLIANCE GROUP License #625093 Listed on: 10/06/2017

Last Buyer's Agent

Charles Eichner

SUN REALTY License #3025011

SUN REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,411

Year Built

  • Built in 1980

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 200x120x33x122
  • 33 Feet of Waterfront
  • Property fronts a saltwater canal
  • Irrigation
  • Landscaped with Trees

Parking

  • Open Parking

Home Design

  • Quadruplex
  • Bi-Level Home
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Walk-In Closet
  • 3,980 Sq Ft Home
  • Ceiling Fan
  • Sliding Doors
  • Great Room
  • Combination Dining and Living Room
  • Inside Utility
  • Ceramic Tile Flooring
  • Canal Views

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Water access To Gulf or Ocean
  • Access to Saltwater Canal
  • Seawall
  • Dock made with concrete
  • Deck
  • Screened Patio
  • Porch

Location

  • In Flood Plain
  • City Lot

Schools

  • Sallie Jones Elementary School
  • Punta Gorda Middle School
  • Charlotte High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Punta Gorda Isles Community
  • Punta Gorda Isles Sec 07 Subdivision
  • The community has rules related to deed restrictions

Pet Policy

  • Pets Allowed

Building Details

  • Gross Income $39,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,411

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 3980
  • Lot Size Acres: 0.34
  • New Construction: No
  • Year Built: 1980
  • Lot Size Sq Ft: 14881
  • Directions to Property: US 41 SOUTH > RIGHT ON WEST MARION AVE > LEFT ON SHREVE ST > RIGHT ON MAGDALINA > RIGHT ON VIA TRIPOLI > BUILDING IS ON THE LEFT
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=C7244115&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=C7244115&cview=true&show_results=true&customer_portal=true
  • Unit Count: 2
  • Homestead Y N: No
  • Total Acreage: 1/4 to less than 1/2
  • Home Warranty Y N: No
  • Subdivision Num: PGI
  • Subdivision Section Number: 7
  • Ratio: Close Price\List Price: 0.936
  • Price per Sq Ft: 146.98
  • Close to Original List Price Ratio: 0.936
  • View: Yes
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2017
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile
  • Interior Amenities: Ceiling Fans(s), Living Room/Dining Room Combo, Walk-In Closet(s)
  • Appliances Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Levels: Two
  • Street Number Modifier: 607
  • Room Count: 1
  • Additional Rooms: Great Room, Inside Utility
  • Number Of Buildings: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Exterior Features: Irrigation System, Sliding Doors
  • Roof: Tile
  • Pool Private: No
  • View: Water
  • Waterfront: Yes
  • Patio and Porch Features: Deck, Patio, Porch, Screened
  • Road Surface Type: Paved
  • Water View: Canal
  • Water Access: Bay/Harbor, Canal - Saltwater, Gulf/Ocean
  • Water Extras: Dock - Concrete, Seawall - Concrete
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Flood Zone Panel: 12015C0241F
  • Waterfront Frontage: 33
  • Water Frontage Feet Canal Salt: 33

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: None, Open
  • Open Parking: Yes

Utilities

  • Utilities: Electricity Connected, Public
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Water Access
  • Association: No
  • Senior Community: No
  • Deposits Y N: Yes
  • Association Fee Requirement: None

Schools

  • Elementary School: Sallie Jones Elementary
  • High School: Charlotte High
  • Middle Or Junior School: Punta Gorda Middle

Lot Info

  • Zoning: GM-15
  • Parcel Number: 412213227003
  • Additional Parcels: No
  • Lot Features: Flood Plain, City Lot
  • Lot Dimensions: 200X120X33X122
  • Millage Rate: 16.65
  • Flood Zone Code: 9AE
  • Flood Zone Date: 2003-05-05
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes
  • Total Actual Rent: 3250
  • Pet Restrictions: Domestic Pets

Multi Family

  • Gross Income: 39000
  • Number Of Units Total: 4
  • Waterfront Features: Canal - Saltwater

Tax Info

  • Tax Annual Amount: 7411
  • Tax Block: 77
  • Tax Book Number: 1-7
  • Tax Lot: 39

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2017
Closed on
May 10, 2018
Sold by
Tripoli Four Plex Llc
Bought by
Lee Henrietta Y and Henrietta Y Lee Trust
Seller's Agent
Jerry Hayes
RE/MAX ALLIANCE GROUP
Buyer's Agent
Charles Eichner
SUN REALTY
List Price
$625,000
Sold Price
$585,000
Premium/Discount to List
-$40,000
-6.4%
Current Estimated Value
$935,188

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$350,188
Avg. Annual Appreciation
6.54%

Purchase Details

Closed on
Mar 18, 2014
Sold by
Hoffman James E and Hoffman Margaret A
Bought by
Tripoli Four Plex Llc

Purchase Details

Closed on
Apr 17, 2009
Sold by
Via Tripoli Llc
Bought by
Hoffman James E and Hoffman Margaret A

Purchase Details

Closed on
Apr 7, 2006
Sold by
Hoffman James and Hoffman Margaret A
Bought by
Via Tripoli Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 1, 1999
Sold by
Visser Ray G and Visser Suzanne
Bought by
Hoffman James and Hoffman Margaret A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
7%
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
Lee Henrietta Y $585,000 Attorney
Tripoli Four Plex Llc -- Attorney
Hoffman James E $502,500 Attorney
Via Tripoli Llc $825,000 Attorney
Hoffman James $260,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Via Tripoli Llc $500,000
Previous Owner Hoffman James $208,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2018 05/10/18 Sold $585,000 -6.4% $147 / Sq Ft
04/11/2018 04/11/18 Pending -- -- --
10/05/2017 10/05/17 For Sale $625,000 -- $157 / Sq Ft
Source: Stellar MLS

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
2024 $12,876 $744,260 $212,500 $531,760
2023 $12,876 $598,755 $0 $0
2022 $11,694 $677,320 $144,500 $532,820
2021 $9,732 $494,839 $106,250 $388,589
2020 $9,348 $492,842 $97,750 $395,092
2019 $9,591 $492,414 $97,750 $394,664
2018 $7,853 $452,584 $97,750 $354,834
2017 $7,378 $440,067 $97,750 $342,317
2016 $6,411 $325,717 $0 $0
2015 $6,366 $317,467 $0 $0
2014 $4,718 $196,262 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: C7244115

Stellar MLS

APN: 412213227003