NOT LISTED FOR SALE

705 SE 12th Ct Unit 1-4 Cape Coral, FL 33990

Hancock Neighborhood

Estimated Value: $554,000 - $597,000

8 Beds
4 Baths
3,520 Sq Ft
$165/Sq Ft Est. Value

Last Sold January 15, 2024

Last sale price $650,000 $185 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $3,693/month

43 Days on Market

Highlights

  • Oversized Lot
  • Courtyard
  • Tile Flooring
  • Cape Elementary School Rated A-
  • Patio
  • Central Heating and Cooling System

About This Home

As of January 2024

This professionally maintained Four Plex property is located in a desirable location in Southeast Cape Coral! Close to schools, all types of shopping, and Hospital, with easy access to Fort Myers and the beaches. Two duplex properties on one oversized lot with water views. Property is not located in a special flood hazard area. Flood insurance not required by most lenders. Tile floors throughout all units in all living areas! New exterior paint! All AC systems less than five years old. New roofs to be installed prior to closing! City water, and sewer. All assessments paid in full. . Tenants are very dependable and take very good care of the property.

Last Agent to Sell the Property

Phil Derry

RE/MAX Realty Team License #258004233 Listed on: 12/02/2023

RE/MAX Realty Team

Last Buyer's Agent

Phil Derry

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,057

Year Built

  • Built in 1985

Lot Details

  • 0.36 Acre Lot
  • Lot Dimensions are 125 x 125 x 125 x 125
  • Fenced
  • Oversized Lot

Home Design

  • Quadruplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 3,520 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Single Hung Windows
  • Sliding Windows
  • Tile Flooring

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Outdoor Features

  • Courtyard
  • Patio

Utilities

  • Central Heating and Cooling System
  • Sewer Assessments

Listing and Financial Details

  • Tenant pays for electricity, internet, water
  • Legal Lot and Block 64 / 1440
  • Assessor Parcel Number 18-44-24-C3-01440.0640

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Cape Coral Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $11,521
  • Net Operating Income $11,521

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,057

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.356
  • Lot Size: 125 x 125 x 125 x 125
  • Subdivision Name: CAPE CORAL
  • Architectural Style: Ranch, One Story
  • Building Stories: 1
  • Structure Type: Quadruplex
  • Year Built: 1985
  • Property Sub Type Additional: Quadruplex
  • Special Features: None
  • Stories: 1

Interior Features

  • Number Of Buildings: 2
  • Private Spa: No
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Flooring: Tile
  • Window Features: Single Hung, Sliding

Exterior Features

  • Lot Features: Multiple lots, Oversized Lot
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Exterior Features: Courtyard, Fence, 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: Assessment Paid, Public Sewer
  • Water Source: Assessment Paid, Public

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 18-44-24-C3-01440.0640
  • Zoning Description: R3-D
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Internet, Water

Multi Family

  • Number Of Units Total: 4
  • Property Net Operating Income: 11521.0
  • Annual Operating Expense: 11521.0

Tax Info

  • Tax Annual Amount: 6056.96
  • Tax Block: 1440
  • Tax Lot: 64
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2023
Closed on
Jan 12, 2024
Sold by
Jafa Neil and Jafa Mezare
Bought by
Miami Lakes Holdings Llc
Seller's Agent
Phil Derry
RE/MAX Realty Team
Buyer's Agent
Phil Derry
List Price
$650,000
Sold Price
$650,000
Views
15
Current Estimated Value
$582,161

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$67,839
Avg. Annual Appreciation
-6.24%

Purchase Details

Closed on
Feb 25, 2014
Sold by
Jafa Mezare
Bought by
Jafa Neil

Purchase Details

Closed on
May 22, 2009
Sold by
Kissel Virginia and Kissel Richard A
Bought by
Jafa Mezare

Purchase Details

Closed on
Oct 13, 2005
Sold by
Corasio Mccoy Partnership
Bought by
Kissel Richard A and Kissel Virginia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,500
Interest Rate
5.66%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 28, 2005
Sold by
Calello Michele and Calello Marijo
Bought by
Corasio Mccoy Partnership

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
5.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 30, 2004
Sold by
Moir Calvin and Moir Marjorie
Bought by
Calello Michelle and Calello Marijo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
5.77%
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
Miami Lakes Holdings Llc $650,000 Title Experts
Jafa Neil -- None Available
Jafa Mezare $107,000 Title Specialists Of The Gul
Kissel Richard A $472,000 --
Corasio Mccoy Partnership $325,000 Cape Coral Title Insurance A
Calello Michelle $300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kissel Richard A $311,500
Previous Owner Corasio Mccoy Partnership $125,000
Previous Owner Calello Michelle $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/25/2024 01/25/24 Pending -- -- --
01/15/2024 01/15/24 Sold $650,000 0.0% $185 / Sq Ft
12/02/2023 12/02/23 For Sale $650,000 -- $185 / 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 $7,235 $368,055 $85,030 $273,483
2024 $7,235 $261,311 -- --
2023 $6,105 $237,555 $0 $0
2022 $6,057 $215,959 $0 $0
2021 $5,459 $260,640 $56,153 $204,487
2020 $5,227 $243,875 $50,000 $193,875
2019 $4,962 $243,880 $46,000 $197,880
2018 $4,772 $233,356 $36,000 $197,356
2017 $4,570 $226,100 $19,000 $207,100
2014 -- $143,940 $12,145 $131,795
Source: Public Records

Agents Affiliated with this Home

  • Phil Derry

    Seller's Agent in 2024

    Phil Derry

    RE/MAX

    (239) 209-7777

    18 in this area

    91 Total Sales

    Phil Derry
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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 223089227

Florida Gulf Coast Multiple Listing Service

APN: 18-44-24-C3-01440.0640

Florida Lee County Cape Coral 33990 Hancock

705 SE 12th Ct Unit 1-4, Cape Coral, FL

This home is located at 705 SE 12th Ct Unit 1-4, Cape Coral, FL 33990 since 02 December 2023 and is currently estimated at $582,161, approximately $165 per square foot. This property was built in 1985. 705 SE 12th Ct Unit 1-4 is a home located in Lee County with nearby schools including Caloosa Elementary School, Tropic Isles Elementary School, and Hancock Creek 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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