NOT LISTED FOR SALE
5 Beds
4 Baths
3,468 Sq Ft
2,396 Sq Ft

Last Sold March 28, 2013

Last sale price $1,225,000 $353 Per Sq Ft

60 Days on Market

Highlights

  • Beach Access
  • Coastline Views
  • Carpet
  • Naples Bayside Academy Rated A
  • Contemporary Architecture
  • Gravity Heating System

About This Home

As of March 2013

5 Units on the Peninsula. 4-1BR, 1-2BR, 1.5BA + 3 Garages. Great location in a high demand area. Current rents well below market. Separate meters for Gas & Electric.

Last Agent to Sell the Property

Steve Warshauer

Coldwell Banker Commercial License #00499477 Listed on: 03/04/2013

Coldwell Banker Commercial

Co-Listed By

Phyllis Schmidt

Vylla Home, Inc. License #01761453

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 2,401 Sq Ft Lot
  • Lot Dimensions are 30x80

Parking

  • 3 Car Garage
  • Parking Available
  • Front Facing Garage

Home Design

  • Contemporary Architecture
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,468 Sq Ft Home
  • Carpet
  • Coastline Views

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Additional Features

  • Beach Access
  • Gravity Heating System

Listing and Financial Details

  • Tenant pays for gas
  • Legal Lot and Block 10 / 15
  • Tax Tract Number 9
  • Assessor Parcel Number 7245028009

Community Details

Overview

  • 5 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,750
  • Maintenance Expense $3,215
  • Water Sewer Expense $975
  • New Taxes Expense $17,110
  • Gross Income $6,125
  • Net Operating Income $45,570

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

2,401 Sq Ft Lot

Parking

3

Listing Details

  • CapRate: 3.14
  • View: Yes
  • Water Sewer Expenses: 975.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 7245028009
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet
  • Levels: Three Or More
  • Price Per Square Foot: 353.23

Exterior Features

  • View: Coastline
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage Faces Front
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Heating Type: Gravity
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 30x80
  • Lot Size Sq Ft: 2401.00
  • Lot Size Acres: 0.0550

Rental Info

  • Tenant Pays: Gas

Multi Family

  • Gross Income: 6125.00
  • Gross Multiplier: 19.71
  • Gross Scheduled Income: 73500.00
  • Insurance Expense: 2750.00
  • Lot Size Area: 2401.0000 Square Feet
  • Maintenance Expense: 3215.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 45570.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Number With Carpet: 5
  • Number With Refrigerator: 5
  • Operating Expense: 24255.00
  • Operating Expense Percent: 33.00
  • Vacancy Allowance Rate: 5.00
  • Waterfront Features: Beach Access

Tax Info

  • New Taxes Expense: 17110.00
  • Tax Area: 5500
  • Tax Block: 15
  • Tax Lot: 10
  • Tax Tract Number: 009
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/28/2013 03/28/13 Sold $1,225,000 -15.5% $353 / Sq Ft
03/22/2013 03/22/13 Pending -- -- --
01/21/2013 01/21/13 For Sale $1,449,000 -- $418 / 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 $19,281 $1,508,488 $985,138 $523,350
2024 $19,281 $1,478,911 $965,822 $513,089
2023 $18,953 $1,449,914 $946,885 $503,029
2022 $17,784 $1,421,485 $928,319 $493,166
2021 $17,427 $1,393,614 $910,117 $483,497
2020 $17,382 $1,379,605 $900,785 $478,820
2019 $17,177 $1,352,560 $883,123 $469,437
2018 $20,078 $1,600,280 $1,100,000 $500,280
2017 $55 $1,299,771 $848,831 $450,940
2016 $15,426 $1,274,287 $832,188 $442,099
2015 $14,804 $1,255,147 $819,688 $435,459
2014 $14,703 $1,230,561 $803,632 $426,929
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P846410

California Regional Multiple Listing Service (CRMLS)
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