NOT LISTED FOR SALE

702 SE 47th St Unit 1-4 Cape Coral, FL 33904

Caloosahatchee Neighborhood

Estimated Value: $477,000 - $600,000

8 Beds
8 Baths
3,760 Sq Ft
$143/Sq Ft Est. Value

Last Sold July 03, 2020

Last sale price $499,000 $133 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,570/month

61 Days on Market

Highlights

  • Oversized Lot
  • Jalousie or louvered window
  • Central Heating and Cooling System
  • Cape Elementary School Rated A-
  • Tile Flooring

About This Home

As of July 2020

Great Investment property in a terrific SW Cape Location. This 4plex offers 2 bedrooms & 2bath in each unit. Each unit also has a screened in lanai, with a storage / laundry room. The units have been completely updated to include tile throughout, stainless steel appliances, new cabinets in each kitchen, granite countertops throughout, backsplashes in kitchen along with newly tiled showers. The property had a new roof installed last year!! The location is a bike ride away from downtown Cape Coral, shopping and dining.

Last Agent to Sell the Property

Erik Fine

Cornerstone Coastal Properties License #258016718 Listed on: 04/02/2020

Co-Listed By

Nicole Pistone

Cornerstone Coastal Properties License #258023882

Last Buyer's Agent

Erik Fine

Cornerstone Coastal Properties License #258016718 Listed on: 04/02/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,618

Year Built

  • Built in 1980

Lot Details

  • 0.35 Acre Lot
  • Oversized Lot
  • Manual Sprinklers System

Home Design

  • Quadruplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 3,760 Sq Ft Home
  • Jalousie or louvered window
  • Single Hung Windows
  • Tile Flooring

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Full Bathrooms

Utilities

  • Central Heating and Cooling System
  • Sewer Assessments

Listing and Financial Details

  • Tenant pays for application fee, electricity, pet deposit, water
  • Legal Lot and Block 12 / 316
  • Assessor Parcel Number 12-45-23-C3-00316.0120

Community Details

Overview

  • 4 Units
  • Cape Coral Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $8,500
  • Net Operating Income $49,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,618

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.345
  • Co List Office Mls Id: FCCP
  • Co List Office Phone: (239) 989-0111
  • Subdivision Name: CAPE CORAL
  • Architectural Style: Other
  • Structure Type: Quadruplex
  • Year Built: 1980
  • Property Sub Type Additional: Quadruplex
  • Special Features: None

Interior Features

  • Private Spa: No
  • Full Bathrooms: 8
  • Total Bedrooms: 8
  • Flooring: Tile
  • Window Features: Jalousie, Single Hung

Exterior Features

  • Lot Features: Oversized Lot, Sprinklers Manual
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Exterior Features: Sprinkler/Irrigation
  • Property Condition: Resale
  • Roof: Shingle

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Assessment Paid
  • Water Source: Assessment Paid

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 12-45-23-C3-00316.0120
  • Zoning Description: R3-D
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Application Fee, Electricity, Pet Deposit, Water

Multi Family

  • Number Of Units Total: 4
  • Property Net Operating Income: 49100.0
  • Annual Operating Expense: 8500.0

Tax Info

  • Tax Annual Amount: 6618.0
  • Tax Block: 316
  • Tax Lot: 12
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2020
Closed on
Jul 2, 2020
Sold by
Neyra Miguel
Bought by
Vivonetto Jack
Seller's Agent
Erik Fine
Cornerstone Coastal Properties
Buyer's Agent
Erik Fine
List Price
$499,900
Sold Price
$499,000
Premium/Discount to List
-$900
-0.18%
Current Estimated Value
$535,979

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,979
Avg. Annual Appreciation
1.35%
Original Mortgage
$489,961
Outstanding Balance
$434,465
Interest Rate
3.1%
Mortgage Type
FHA
Estimated Equity
$101,514

Purchase Details

Listed on
Nov 19, 2015
Closed on
Feb 19, 2016
Sold by
Cape Coral Properties Llc
Bought by
Neyra Miguel
Seller's Agent
George Patton
RE/MAX Trend
Buyer's Agent
Erik Fine
Cornerstone Coastal Properties
List Price
$349,900
Sold Price
$340,000
Premium/Discount to List
-$9,900
-2.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.18%
Original Mortgage
$333,841
Interest Rate
3.92%
Mortgage Type
FHA

Purchase Details

Listed on
Nov 19, 2015
Closed on
Jan 9, 2016
Sold by
Celadon Global Services Ltd
Bought by
Cape Coral Properties Llc
Seller's Agent
George Patton
RE/MAX Trend
Buyer's Agent
Erik Fine
Cornerstone Coastal Properties
List Price
$349,900
Sold Price
$340,000
Premium/Discount to List
-$9,900
-2.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,841
Interest Rate
3.92%
Mortgage Type
FHA

Purchase Details

Closed on
May 27, 2009
Sold by
Carrouche William
Bought by
Acme Enterprises Properties Llc

Purchase Details

Closed on
Apr 24, 2009
Sold by
Diven James L and Diven Doris H
Bought by
Carrouche William

Purchase Details

Closed on
Mar 29, 2002
Sold by
Direnzi Joseph F and Nonamaker Judith
Bought by
Diven Joseph L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
6.8%
Mortgage Type
Commercial

Purchase Details

Closed on
May 20, 1994
Sold by
Polfer C R and Polfer Veda
Bought by
Direnzi Joseph F and Nonamaker Judith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
8.48%
Mortgage Type
Commercial
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
Vivonetto Jack $499,000 Titleworks Of Sw Florida Inc
Neyra Miguel $340,000 Title Professionals Of Fl
Cape Coral Properties Llc $200,000 None Available
Acme Enterprises Properties Llc -- None Available
Carrouche William $150,000 Talon Title Services Llc
Diven Joseph L $250,000 --
Direnzi Joseph F $168,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vivonetto Jack $489,961
Previous Owner Neyra Miguel $333,841
Previous Owner Diven Joseph L $187,500
Previous Owner Direnzi Joseph F $128,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/03/2020 07/03/20 Sold $499,000 -0.2% $133 / Sq Ft
06/03/2020 06/03/20 Pending -- -- --
04/02/2020 04/02/20 For Sale $499,900 +47.0% $133 / Sq Ft
02/19/2016 02/19/16 Sold $340,000 -2.8% $358 / Sq Ft View Prior Sale
01/20/2016 01/20/16 Pending -- -- --
11/19/2015 11/19/15 For Sale $349,900 -- $368 / 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 $9,108 $447,280 -- --
2024 $8,191 $406,618 -- --
2023 $8,191 $369,653 $0 $0
2022 $7,680 $336,048 $0 $0
2021 $6,985 $305,498 $46,000 $259,498
2020 $6,772 $285,040 $46,000 $239,040
2019 $6,618 $281,024 $46,000 $235,024
2018 $6,318 $260,018 $46,000 $214,018
2017 $6,181 $251,134 $23,000 $228,134
2016 $4,500 $190,272 $23,000 $167,272
2015 $4,286 $187,603 $17,595 $170,008
2014 -- $145,847 $15,755 $130,092
2013 -- $163,200 $10,800 $152,400
Source: Public Records

Agents Affiliated with this Home

  • Erik Fine

    Seller's Agent in 2020

    Erik Fine

    Cornerstone Coastal Properties

    (239) 898-5750

    17 in this area

    194 Total Sales

    Erik Fine
    Section Image

  • N

    Seller Co-Listing Agent in 2020

    Nicole Pistone

    Cornerstone Coastal Properties

    (239) 628-7439

    8 in this area

    101 Total Sales

    Nicole Pistone
    Section Image
  • George Patton

    Seller's Agent in 2016

    George Patton

    RE/MAX

    (239) 839-1228

    23 in this area

    362 Total Sales

    George Patton
    Section Image
  • Camila Rifai

    Seller Co-Listing Agent in 2016

    Camila Rifai

    Elite Global Realty Group LLC

    (239) 324-1868

    2 in this area

    178 Total Sales

    Camila Rifai
    Section Image
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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 220024003

Florida Gulf Coast Multiple Listing Service

APN: 12-45-23-C3-00316.0120

Florida Lee County Cape Coral 33904 Caloosahatchee

702 SE 47th St Unit 1-4, Cape Coral, FL

This home is located at 702 SE 47th St Unit 1-4, Cape Coral, FL 33904 since 02 April 2020 and is currently estimated at $535,979, approximately $142 per square foot. This property was built in 1980. 702 SE 47th St Unit 1-4 is a home located in Lee County with nearby schools including Cape Elementary School, Caloosa Elementary School, and Tropic Isles Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Florida Gulf Coast Multiple Listing Service The information is being provided by Southwest Florida Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 Southwest Florida Multiple Listing Service. All Rights Reserved

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