NOT LISTED FOR SALE

Estimated Value: $1,665,000 - $1,972,000

3 Beds
2 Baths
2,008 Sq Ft
$925/Sq Ft Est. Value

Last Sold March 21, 2022

Last sale price $1,520,000 $757 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $12,103/month

4 Days on Market

Highlights

  • Property has ocean access
  • Fishing
  • Traditional Architecture
  • Naples Bayside Academy Rated A
  • Peek-A-Boo Views
  • Private Yard

About This Home

As of March 2022

Bayside Peninsula duplex sits one back from the Bayfront~ what an amazing location and it offers a great investment opportunity. The upstairs hosts two bedrooms, one bath and downstairs has one bedroom, one bath. This charming property has a very Peninsula old school style with wood beamed ceilings in both units. The upstairs has a pitched ceiling inviting extra sunshine. The master bedroom features a wood burning fireplace. The galley style kitchen opens to the living space which then looks out over a small patio. Pull up a chair and enjoy the ocean breezes from the patio or just make your way to the Bay to enjoy the sand in your toes. The downstairs unit also has the wood beamed ceilings and spacious living room, with a fireplace, and the room opens through a slider to the downstairs patio. Both units have access to a one car garage off the alley. Live the Peninsula Lifestyle

Last Agent to Sell the Property

Crystal Glenning

Compass License #01805409 Listed on: 02/17/2022

Compass

Last Buyer's Agent

Barrie Petersen

Compass License #01928411

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,065

Year Built

  • Built in 1912

Lot Details

  • 2,440 Sq Ft Lot
  • 1 Common Wall
  • Fenced
  • Fence is in excellent condition
  • Private Yard

Parking

  • 2 Car Garage

Home Design

  • Traditional Architecture
  • Property Attached
  • Composition Roof

Interior Spaces

  • 2,008 Sq Ft Home
  • Fireplace
  • Sliding Doors
  • Tile Flooring
  • Peek-A-Boo Views
  • Carbon Monoxide Detectors
  • Tile Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Outdoor Features

  • Property has ocean access
  • Beach Access

Utilities

  • Heating Available
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 7 / 9
  • Assessor Parcel Number 7245020006

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Peninsula Subdivision

Recreation

  • Fishing
  • Bike Trail

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $5,700
  • Water Sewer Expense $1,800
  • Operating Expense $7,500
  • Gross Income $51,540
  • Net Operating Income $1,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,065

Year Built

Built in 1912

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Price Per Unit: 747500
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Paved
  • Security: Carbon Monoxide Detector(s)
  • Subdivision Name Other: Peninsula (PI)
  • View: Yes
  • Water Sewer Expenses: 1800.00
  • Zoning: LBR2I
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 7245020006
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Tile Counters, Unfurnished
  • Common Walls: 1 Common Wall
  • Flooring: Tile
  • Door Features: Sliding Doors
  • Levels: Two
  • Price Per Square Foot: 756.97

Exterior Features

  • View: Peek-A-Boo
  • Fence: Yes
  • Fencing: Excellent Condition
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Fireplace(s)
  • Laundry Features: Stackable
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Fishing, Sidewalks, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 2440.00
  • Lot Size Acres: 0.0560

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 51540.00
  • Gross Scheduled Income: 51540.00
  • Insurance Expense: 5700.00
  • Lot Size Area: 2440.0000 Square Feet
  • Net Operating Income: 1800.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 1800.00
  • Rent Control: No
  • Total Expenses: 7500.00
  • Waterfront Features: Beach Access, Ocean Access

Tax Info

  • Tax Block: 9
  • Tax Census Tract: 5775.04
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2022
Closed on
Mar 21, 2022
Sold by
Diane Gieras Shirley
Bought by
Gieras Gregory
Seller's Agent
Crystal Glenning
Compass
Buyer's Agent
Barrie Petersen
Compass
List Price
$1,495,000
Sold Price
$1,520,000
Premium/Discount to List
$25,000
1.67%
Total Days on Market
4
Current Estimated Value
$1,858,374

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$338,374
Avg. Annual Appreciation
5.49%
Original Mortgage
$1,064,000
Outstanding Balance
$1,006,158
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$798,245

Purchase Details

Listed on
Feb 17, 2022
Closed on
Mar 5, 2022
Sold by
Diane Gieras Shirley
Bought by
Gieras Gregory
Seller's Agent
Crystal Glenning
Compass
Buyer's Agent
Barrie Petersen
Compass
List Price
$1,495,000
Sold Price
$1,520,000
Premium/Discount to List
$25,000
1.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,064,000
Outstanding Balance
$1,006,158
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$798,245

Purchase Details

Listed on
Feb 17, 2022
Closed on
Feb 28, 2022
Sold by
Gregory Gieras
Bought by
Anderson Michael N and Anderson Candi L
Seller's Agent
Crystal Glenning
Compass
Buyer's Agent
Barrie Petersen
Compass
List Price
$1,495,000
Sold Price
$1,520,000
Premium/Discount to List
$25,000
1.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,064,000
Outstanding Balance
$1,006,158
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$798,245

Purchase Details

Closed on
Dec 16, 2019
Sold by
Gieras Gregory and Shirley Gieras Revocable Trust
Bought by
Gieras Gregory

Purchase Details

Closed on
Jul 7, 2006
Sold by
Gieras Shirley
Bought by
Gieras Shirley and Shirley Gieras Revocable Trust

Purchase Details

Closed on
Feb 1, 2006
Sold by
Horn William A and William A Horn Family Trust
Bought by
Gieras Shirley

Purchase Details

Closed on
Jul 3, 1995
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Crutcher Charles
Source: Public Records

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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
Anderson Michael N $1,520,000 Fidelity National Title
Gieras Gregory -- None Available
Gieras Shirley -- None Available
Gieras Shirley -- None Available
Crutcher Charles $74,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Anderson Michael N $1,064,000
Previous Owner Horn William A $100,000
Previous Owner Horn William A $65,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2022 03/21/22 Sold $1,520,000 +1.7% $757 / Sq Ft
02/17/2022 02/17/22 For Sale $1,495,000 -- $745 / 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
2024 $20,065 $1,581,408 $1,029,996 $551,412
2023 $19,733 $1,550,400 $1,009,800 $540,600
2022 $4,601 $350,893 $273,168 $77,725
2021 $4,500 $344,013 $267,812 $76,201
2020 $4,488 $340,486 $265,066 $75,420
2019 $4,351 $333,811 $259,869 $73,942
2018 $4,215 $327,267 $254,774 $72,493
2016 $3,868 $314,561 $244,882 $69,679
2015 $3,715 $309,837 $241,204 $68,633
2014 $3,694 $303,769 $236,480 $67,289
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22024032

California Regional Multiple Listing Service (CRMLS)

APN: 7245-020-006