NOT LISTED FOR SALE

Estimated Value: $408,077 - $508,000

2 Beds
1.5 Baths
840 Sq Ft
$733/mo HOA Fee

Last Sold April 11, 2023

Last sale price $420,000 $500 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,195/month

108 Days on Market

Highlights

  • Wood Flooring
  • End Unit
  • Community Pool
  • Lake Park Elementary School Rated A
  • Screened Porch
  • Bike Room

About This Home

As of April 2023

This downtown gem is ideally located in the very heart of Old Naples, only a few short blocks from 5th Avenue as well as Naples' white-sand beaches. Rarely available, this south-side first-floor end unit, located in Park Terrace, has been lovingly cared for and offers the best of the Old Naples lifestyle. Park Terrace is a low-density building with only 36 residences and includes a community pool, bike racks, and updated common laundry as well as a personal storage locker for any extras.

Last Agent to Sell the Property

Whitney Casement

Premier Sotheby's Int'l Realty License #NAPLES-249524581 Listed on: 11/07/2022

Premier Sotheby's Int'l Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,173

Year Built

  • Built in 1968

Lot Details

  • End Unit
  • East Facing Home

HOA Fees

  • $733 Monthly HOA Fees

Home Design

  • Flat Roof Shape
  • Concrete Block With Brick
  • Stucco

Interior Spaces

  • 840 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Sliding Windows
  • Family or Dining Combination
  • Screened Porch

Kitchen

  • Self-Cleaning Oven
  • Range
  • Microwave
  • Dishwasher
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Bathtub and Shower Combination in Primary Bathroom

Parking

  • 1 Parking Garage Space
  • Deeded Parking

Outdoor Features

  • Patio

Schools

  • Lake Park Elementary School
  • Gulfview Middle School
  • Naples High School

Utilities

  • Central Heating and Cooling System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 16110480009

Community Details

Overview

  • 36 Units
  • Low-Rise Condominium
  • Park Terrace Condos
  • Olde Naples Community

Amenities

  • Laundry Facilities
  • Bike Room
  • Community Storage Space

Recreation

  • Community Pool

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,173

Year Built

Built in 1968

Lot Details

0

HOA Fees

$733 per month

Listing Details

  • Legal Description: PARK TERRACE CLUB CONDOMINIUM UNIT 112
  • Property Type: Residential
  • Table: Residential
  • Street View Param: 1$26.146503$-81.797991$37.52$13.33$1.00$UrFcodf5J3tfxSy5zxoRsg
  • Building Design: Low Rise (1-3)
  • Building Description: End-Unit
  • Year Built: 1968
  • Property Information: This downtown gem is ideally located in the very heart of Old Naples, only a few short blocks from 5th Avenue as well as Naples' white-sand beaches. Rarely available, this south-side first-floor end unit, located in Park Terrace, has been lovingly cared for and offers the best of the Old Naples lifestyle. Park Terrace is a low-density building with only 36 residences and includes a community pool, bike racks, and updated common laundry as well as a personal storage locker for any extras.
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Furnished Description: Unfurnished
  • Num Unit Floor: 1
  • Price Per Sq Ft: 500.00
  • Total Floors: 1
  • Room Count: 4
  • Additional Rooms: Screened Lanai/Porch
  • Estimated Living Area: 840
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2.00
  • Bedroom Description: Split Bedrooms
  • Bedrooms: 2 Bed
  • Total Bedrooms: 2
  • Dining Room: Family Dining
  • Equipment: Dishwasher, Disposal, Microwave, Range, Refrigerator, Self Cleaning Oven
  • Flooring: Tile, Wood
  • Floor Plan: Split Bedrooms
  • Interior Amenities: Built-In Cabinets, Cable Prewire, Pantry
  • Kitchen: Pantry
  • Primary Bathroom: Combo Tub And Shower
  • Windows: Sliding

Exterior Features

  • Gulf Access: No
  • Private Pool: No
  • Private Spa: No
  • Roof: Built-Up Or Flat
  • Construction: Concrete Block
  • Road: Paved Road, Public Road
  • View: Landscaped Area
  • Exterior Features: Patio
  • Exterior Finish: Stucco

Garage/Parking

  • Parking: 1 Assigned

Utilities

  • Cable Available: Yes
  • Cooling: Ceiling Fans, Central Electric
  • Heat: Central Electric
  • Sewer: Central
  • Water: Central

Condo/Co-op/Association

  • Management Company Phone: 239-649-5526
  • Approval: Application Fee, Buyer
  • Management: Professional
  • Mandatory HOA: No
  • Restrictions: Deeded, No Commercial, No Motorcycles, No RV
  • Sub Condo Name: PARK TERRACE
  • Condo Fees: 2200
  • Condo Fee Frequency: Quarterly
  • Maintenance: Insurance, Irrigation Water, Laundry Facilities, Lawn/Land Maintenance, Legal/Accounting, Manager, Pest Control Exterior, Reserve, Water
  • Development Name: OLDE NAPLES

Association/Amenities

  • Pets: Not Allowed
  • Development: Olde Naples
  • Amenities: Bike Storage, Common Laundry, Community Pool, Extra Storage, Internet Access
  • Community Type: Non-Gated
  • Units In Building: 36
  • Total Number of Units: 36

Fee Information

  • Application Fee: 225.00

Schools

  • Elementary School: LAKE PARK ELEMENTARY
  • Middle School: GULFVIEW MIDDLE SCHOOL
  • High School: NAPLES HIGH SCHOOL
  • Elementary School: Lake Park Elementary
  • High School: Naples High School
  • Middle School: Gulfview Middle School

Lot Info

  • Builder Product: No
  • Lot Unit: 112
  • Section: 3
  • Total Area: 895
  • Waterfront: No
  • Rear Exposure: East
  • Lot Description: Zero Lot Line
  • Parcel Number: 16110480009

Rental Info

  • Lease Limits: Yes
  • Leases Per Year: 3
  • Min Days Of Lease: 30

Tax Info

  • Tax Description: City And County, Homestead, Other Exemptions
  • Taxes: 1173.00
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2022
Closed on
Apr 11, 2023
Sold by
Desimone Donna
Bought by
Kasslater Federico and Kasslater Nikolas Matthew
Seller's Agent
Whitney Casement
Premier Sotheby's Int'l Realty
List Price
$450,000
Sold Price
$420,000
Premium/Discount to List
-$30,000
-6.67%
Views
45
Current Estimated Value
$445,769

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,769
Avg. Annual Appreciation
4.06%
Original Mortgage
$315,000
Outstanding Balance
$307,922
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$150,645

Purchase Details

Closed on
Jan 12, 2023
Sold by
Desimone Donna
Bought by
Desimone Donna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
6.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 3, 2007
Sold by
Bratton Kim and Share Kim Bratton
Bought by
Pensabene Donna M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 15, 1999
Sold by
Bowler Lucy
Bought by
Share Kim Bratton

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,400
Interest Rate
7.91%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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
Kasslater Federico $420,000 Lutgert Title
Desimone Donna $330,000 --
Pensabene Donna M $260,000 Ross Title & Escrow Inc
Share Kim Bratton $68,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kasslater Federico $315,000
Previous Owner Desimone Donna $330,000
Previous Owner Pensabene Donna M $114,918
Previous Owner Pensabene Donna M $120,000
Previous Owner Share Kim Bratton $95,927
Previous Owner Share Kim Bratton $54,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2023 04/11/23 Sold $420,000 -6.7% $500 / Sq Ft
02/23/2023 02/23/23 Pending -- -- --
01/17/2023 01/17/23 For Sale $450,000 +7.1% $536 / Sq Ft
12/19/2022 12/19/22 Off Market $420,000 -- --
11/28/2022 11/28/22 Price Changed $450,000 -9.1% $536 / Sq Ft
11/07/2022 11/07/22 For Sale $495,000 -- $589 / Sq Ft
Source: Naples Area Board of REALTORS®

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
2023 $1,153 $162,956 $0 $0
2022 $1,173 $158,210 $0 $0
2021 $1,185 $153,602 $0 $0
2020 $1,156 $151,481 $0 $0
2019 $1,134 $148,075 $0 $0
2018 $1,103 $145,314 $0 $0
2017 $1,079 $142,325 $0 $0
2016 $1,056 $139,398 $0 $0
2015 $1,078 $138,429 $0 $0
2014 -- $87,330 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 222079040

Naples Area Board of REALTORS®

APN: 16110480009