NOT LISTED FOR SALE

Estimated Value: $895,000 - $1,501,000

7 Beds
5 Baths
-- Sq Ft
0.3 Acres

Last Sold May 01, 2014

Last sale price $460,000

Est. 172% increase in value since last sale

Current estimated payment $7,537/month

82 Days on Market

About This Home

As of May 2014

A rare investment opportunity...a beautiful home can be used as 3 bedroom 3 bath home and command $1,800. rent Or owner can live in 1340 Sq. ft. as 2 bedroom, 2 bath home with two car garage built in 2000 with an In-Law efficiency unit (380sq. ft.) with separate entrance. Efficiency has rented for $875. per mo. (currently rented for $400. per month no lease because the tenant collects rents and brings in mail while owner out of country 6 months of year) The Duplex part of this property was built in 1974 and has current renters and one lease until Sept. 2014. Current rents are under market. Property boasts a 2 car garage and a circular concrete drive that will park 8 cars off street. This is truly a rare investment opportunity for Naples. Additional property details provided at property website http://srep7.com/memarea/edit-listing.php?fid=2324

Seldom do you find a property that will pay for itself. You had better hurry on this property it won't last long as it's an investors dream property! Go To special website for this property that more fully explains the investment opportunity.

This property sits in the heart of North Naples with all the things to see do and enjoy

Last Agent to Sell the Property

Bob Burns

License #NAPLES-249510672 Listed on: 01/09/2014

Last Buyer's Agent

Beth Brown

William Raveis Real Estate License #NAPLES-249512318

William Raveis Real Estate

Property Details

Home Type

  • Other

Est. Annual Taxes

  • $6,057

Year Built

  • 1974

Lot Details

  • City Sprinkler System
  • Property is zoned RMF-6

Listing and Financial Details

  • Tenant pays for application fee, cable, credit application, departure cleaning, full electric, full telephone, internet access, long distance telephone, pet deposit, security, water

Community Details

Overview

  • 3 Buildings
  • Naples Park Condos

Pet Policy

  • Call for details about the types of pets allowed

Building Details

  • Operating Expense $5,000
  • Net Operating Income $22,000

Property Details

Home Type

Other

Est. Annual Taxes

$6,057

Year Built

1974

Lot Details

0

Listing Details

  • Legal Description: NAPLES PARK UNIT 1 BLK 7 LOTS 20 + 21 OR 1503 PG 1360
  • Special Features: None
  • Year Built: 1974

Interior Features

  • Flooring: Carpet, Terrazzo, Wood

Exterior Features

  • Roof: Shingle
  • Exterior Features: Patio
  • Construction: Concrete Block
  • Exterior Features: Patio
  • Exterior Finish: Stucco
  • Irrigation: Central, Well
  • Windows: Single Hung

Utilities

  • Cooling: Ceiling Fans, Central Electric
  • Heating: Central Electric
  • Sewer: Central
  • Water: Central

Condo/Co-op/Association

  • Amenities: Vehicle Wash Area
  • Community Type: Non-Gated
  • Sub Condo Name: NAPLES PARK

Association/Amenities

  • Units in Building: 4
  • Pets: With Approval

Lot Info

  • Lot Dimensions: 100 X 135
  • Lot Back: 100
  • Lot Frontage: 100
  • Lot Left: 135
  • Lot Right: 135
  • Lot Unit: 20
  • Section: 28
  • Zoning Code: RMF-6

Rental Info

  • Tenant Pays: Application Fee, Cable, Credit Application, Departure Cleaning, Full Electric, Full Telephone, Internet Access, Long Distance Telephone, Pet Deposit, Security, Water

Tax Info

  • Tax Description: County Only

Multi Family

  • Unit Count: 4
  • Gross Rental Income: 27000.00
  • Annual Expenses: 5000.00
  • Annual Net Operating Income: 22000.00
  • Total Buildings: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 29, 2019
Sold by
Mcalevey Patricia
Bought by
Mcalevey Patricia and Patricia Mcalevey Living Trust
Total Days on Market
82
Current Estimated Value
$1,252,831

Purchase Details

Listed on
Jan 9, 2014
Closed on
May 1, 2014
Sold by
Beam A Delorus and Beam Eric O
Bought by
Mcalevey Patricia
Seller's Agent
Bob Burns
Buyer's Agent
Beth Brown
William Raveis Real Estate
List Price
$579,777
Sold Price
$460,000
Premium/Discount to List
-$119,777
-20.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.18%
Original Mortgage
$249,200
Interest Rate
4.37%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Mcalevey Patricia -- Attorney
Mcalevey Patricia $460,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcalaevey Patricia $174,000
Closed Mcalevey Patricia $215,150
Closed Mcalevey Patricia $249,200
Previous Owner Oday Alma Delorus $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2014 05/01/14 Sold $460,000 -20.7% --
04/01/2014 04/01/14 Pending -- -- --
01/09/2014 01/09/14 For Sale $579,777 -- --
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 $6,057 $481,363 $0 $0
2022 $5,104 $451,288 $0 $0
2021 $4,931 $423,549 $0 $0
2020 $4,918 $426,770 $0 $0
2019 $4,692 $403,510 $0 $0
2018 $4,422 $381,373 $0 $0
2017 $4,298 $368,759 $249,600 $119,159
2016 $4,285 $368,219 $0 $0
2015 $4,111 $351,201 $0 $0
2014 $2,830 $187,088 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 214000257

Naples Area Board of REALTORS®

APN: 62414080007