NOT LISTED FOR SALE

Estimated Value: $7,285,000 - $7,419,992

2 Beds
2 Baths
1,000 Sq Ft
$7,344/Sq Ft Est. Value

Last Sold June 11, 2021

Last sale price $2,575,000 $2,575 Per Sq Ft

Est. 185% increase in value since last sale

Current estimated payment $40,407/month

949 Days on Market

Highlights

  • 1 Attached Carport Space
  • Central Heating and Cooling System
  • North Facing Home
  • Lake Park Elementary School Rated A
  • Ceiling Fan

About This Home

As of June 2021

Unique opportunity for “buy & hold” or immediate redevelopment investment in the heart of the Olde Naples district, bordering Aqualane Shores. Large 100'x151’ lot with existing rental income producing condominium association in an unrivaled location between 5th Ave. and 3rd St. and within walking distance to everything downtown Naples has to offer! A large parcel with 15,100 sq ft that can be redeveloped into 1 or 2 large single family homes, 3 townhomes or 4 condos! This parcel is zoned R3T-12, which allows unique transient rental opportunities for downtown Naples. It can be sold in bulk (100'x151’); or, be re-plat into two separate parcels (50’x151’ each)at ONLY ($260SF)EACH OR sold separately. Current owners have worked with the City of Naples, various architects and contractors in town on all building possibilities. Sample plans, as well as estimated building costs from local top contractors in hand and can be shown to potential serious buyers. PRESENTLY ALL RENTALS UNITS ARE GENERATING ALMOST $68K GROSS YEARLY. REAL AVERAGE VALUE ON MARKET:$2,880,300.

Last Agent to Sell the Property

Jacques Julien

Downing Frye Realty Inc. License #NAPLES-249501770 Listed on: 09/01/2018

Downing Frye Realty Inc.

Last Buyer's Agent

Jon Rubinton

Paradise Realty of Naples,LLC License #NAPLES-251500024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,882

Year Built

  • Built in 1978

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions: 100
  • Property fronts an alley
  • North Facing Home

Parking

  • 1 Attached Carport Space

Home Design

  • Entry on the 2nd floor
  • Shingle Roof

Interior Spaces

  • 1,000 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Single Hung Windows

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Schools

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

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • Olde Naples Community

Listing and Financial Details

  • Assessor Parcel Number 14500080008

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,882

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Legal Description: NORTH PORT COVE (CONDO) APT 2
  • Property Type: Residential
  • Table: Residential
  • Street View Param: 1$26.135552$-81.794646$28.92$13.33$1.00$gvI7zCaSH3f3tPMipl7THQ
  • Building Design: Single Family
  • Building Description: 2 Story
  • Year Built: 1978
  • Directions: Close ti City Docks, located between 9th Street So and 8th Street So m, Olds Naples .
  • Property Information: Unique opportunity for “buy & hold” or immediate redevelopment investment in the heart of the Olde Naples district, bordering Aqualane Shores. Large 100'x151’ lot with existing rental income producing condominium association in an unrivaled location between 5th Ave. and 3rd St. and within walking distance to everything downtown Naples has to offer! A large parcel with 15,100 sq ft that can be redeveloped into 1 or 2 large single family homes, 3 townhomes or 4 condos! This parcel is zoned R3T-12, which allows unique transient rental opportunities for downtown Naples. It can be sold in bulk (100'x151’); or, be re-plat into two separate parcels (50’x151’ each)at ONLY ($260SF)EACH OR sold separately. Current owners have worked with the City of Naples, various architects and contractors in town on all building possibilities. Sample plans, as well as estimated building costs from local top contractors in hand and can be shown to potential serious buyers. PRESENTLY ALL RENTALS UNITS ARE GENERATING ALMOST $68K GROSS YEARLY. REAL AVERAGE VALUE ON MARKET:$2,880,300.
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Furnished Description: Unfurnished
  • Num Unit Floor: 2
  • Price Per Sq Ft: 2575.00
  • Total Floors: 2
  • Estimated Living Area: 1000
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Bedrooms: 2 Bed
  • Total Bedrooms: 2
  • Floor Plan: Other
  • Windows: Single Hung

Exterior Features

  • Gulf Access: No
  • Private Pool: No
  • Private Spa: No
  • Roof: Shingle
  • Construction: See Remarks
  • Road: Alley, City Maintained, Public Road

Garage/Parking

  • Carport Description: Attached
  • Carport Spaces: 1

Utilities

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

Condo/Co-op/Association

  • Management Company Phone: 2393703790
  • Mandatory HOA: Yes
  • Sub Condo Name: NORTH PORT COVE
  • Maintenance: Cable, Pest Control Exterior, Pest Control Interior, Sewer
  • Development Name: OLDE NAPLES

Association/Amenities

  • Pets: Not Allowed
  • Development: Olde Naples
  • Units In Building: 4
  • Total Number of Units: 4

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 Back: 100
  • Lot Frontage: 100
  • Lot Left: 151
  • Lot Right: 151
  • Lot Unit: 2
  • Section: 10
  • Total Area: 1000
  • Waterfront: No
  • Acres: 0.3300
  • Rear Exposure: North
  • Lot Description: Regular
  • Lot Dimensions: 100 X 151
  • Parcel Number: 14500080008

Rental Info

  • Lease Limits: No

Tax Info

  • Tax Description: City And County
  • Taxes: 2881.91
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2018
Closed on
Jun 10, 2021
Sold by
Cote Julien Pascal
Bought by
845 11Th Ave So Llc
Seller's Agent
Jacques Julien
Downing Frye Realty Inc.
Buyer's Agent
Jon Rubinton
Paradise Realty of Naples,LLC
List Price
$2,825,000
Sold Price
$2,575,000
Premium/Discount to List
-$250,000
-8.85%
Current Estimated Value
$7,343,664

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,768,664
Avg. Annual Appreciation
27.82%

Purchase Details

Closed on
Apr 28, 2009
Sold by
Bailey Barton Charles and Bailey Paula Marie
Bought by
Cote Julien Pascal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
5.01%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 12, 2007
Sold by
Bailey Barton Charles and Bailey Paula Marie
Bought by
Bailey Barton Charles and Bailey Paula Marie

Purchase Details

Closed on
Sep 25, 2003
Sold by
Posch Paula M and Bailey Paula M
Bought by
Bailey Barton Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Interest Rate
6.24%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 1994
Sold by
Carroll Virginia P and Zwickel Robert T
Bought by
Posch Robert L and Posch Paula M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7.47%
Source: Public Records

Range of Values:

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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
845 11Th Ave So Llc $643,750 Attorney
Cote Julien Pascal $105,000 Gulfshore Title Company Lc
Bailey Barton Charles -- Attorney
Bailey Barton Charles -- --
Posch Robert L $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 845 11Th Ave So Llc $5,744,445
Previous Owner Cote Julien Pascal $60,000
Previous Owner Cote Julien Pascal $155,668
Previous Owner Cote Julien Pascal $60,000
Previous Owner Cote Julien Pascal $132,716
Previous Owner Cote Julien Pascal $124,000
Previous Owner Cote Julien Pascal $84,000
Previous Owner Bailey Barton $288,750
Previous Owner Bailey Barton Charles $244,000
Previous Owner Posch Paula M $150,000
Previous Owner Posch Robert L $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/11/2021 06/11/21 Sold $2,575,000 -2.6% $2,575 / Sq Ft
04/07/2021 04/07/21 Pending -- -- --
12/28/2020 12/28/20 Price Changed $2,645,000 +1.8% $2,645 / Sq Ft
11/15/2020 11/15/20 Price Changed $2,599,500 -0.6% $2,600 / Sq Ft
11/13/2020 11/13/20 Price Changed $2,615,000 -0.4% $2,615 / Sq Ft
09/18/2020 09/18/20 Price Changed $2,625,000 -0.8% $2,625 / Sq Ft
08/26/2020 08/26/20 Price Changed $2,645,000 -0.4% $2,645 / Sq Ft
06/15/2020 06/15/20 Price Changed $2,655,000 -0.7% $2,655 / Sq Ft
06/13/2020 06/13/20 Price Changed $2,675,000 -0.9% $2,675 / Sq Ft
04/23/2020 04/23/20 Price Changed $2,699,500 +0.1% $2,700 / Sq Ft
04/04/2020 04/04/20 Price Changed $2,695,500 +0.4% $2,696 / Sq Ft
02/10/2020 02/10/20 Price Changed $2,685,500 -0.2% $2,686 / Sq Ft
02/04/2020 02/04/20 Price Changed $2,689,900 -0.2% $2,690 / Sq Ft
01/07/2020 01/07/20 Price Changed $2,694,900 -0.2% $2,695 / Sq Ft
01/05/2020 01/05/20 Price Changed $2,699,500 0.0% $2,700 / Sq Ft
01/05/2020 01/05/20 Price Changed $2,699,000 -1.5% $2,699 / Sq Ft
01/02/2020 01/02/20 Price Changed $2,739,000 -0.9% $2,739 / Sq Ft
10/21/2019 10/21/19 Price Changed $2,765,000 -0.2% $2,765 / Sq Ft
10/11/2019 10/11/19 Price Changed $2,770,000 -0.2% $2,770 / Sq Ft
09/18/2019 09/18/19 Price Changed $2,775,000 -1.8% $2,775 / Sq Ft
09/16/2019 09/16/19 For Sale $2,825,000 +9.7% $2,825 / Sq Ft
07/28/2019 07/28/19 Off Market $2,575,000 -- --
06/03/2019 06/03/19 Price Changed $2,825,000 -0.7% $2,825 / Sq Ft
04/11/2019 04/11/19 Price Changed $2,845,000 -0.9% $2,845 / Sq Ft
03/23/2019 03/23/19 Price Changed $2,869,500 -0.2% $2,870 / Sq Ft
02/14/2019 02/14/19 Price Changed $2,875,500 -0.3% $2,876 / Sq Ft
01/22/2019 01/22/19 Price Changed $2,885,500 -0.2% $2,886 / Sq Ft
01/21/2019 01/21/19 Price Changed $2,890,500 -0.2% $2,891 / Sq Ft
01/07/2019 01/07/19 Price Changed $2,895,500 -1.0% $2,896 / Sq Ft
11/28/2018 11/28/18 Price Changed $2,925,000 0.0% $2,925 / Sq Ft
11/28/2018 11/28/18 Price Changed $2,926,000 -1.6% $2,926 / Sq Ft
09/07/2018 09/07/18 For Sale $2,975,000 +15.5% $2,975 / Sq Ft
09/07/2018 09/07/18 Off Market $2,575,000 -- --
09/01/2018 09/01/18 For Sale $2,975,000 -- $2,975 / 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
2025 $15,369 $5,688,459 -- --
2024 $6,456 $1,686,000 $1,686,000 --
2023 $6,456 $1,686,000 $1,686,000 $0
2022 $6,456 $658,350 $658,350 $0
2021 $2,888 $281,480 $0 $281,480
2020 $2,770 $272,840 $0 $272,840
2019 $2,882 $280,800 $0 $280,800
2018 $2,832 $276,480 $0 $276,480
2017 $2,671 $259,200 $0 $259,200
2016 $1,774 $208,812 $0 $0
2015 $1,811 $207,360 $0 $0
2014 $1,999 $185,760 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 218057749

Naples Area Board of REALTORS®

APN: 14500080008