NOT LISTED FOR SALE

Estimated Value: $820,000 - $996,000

4 Beds
2 Baths
-- Sq Ft
0.31 Acres

Last Sold December 26, 2023

Last sale price $980,000

Est. 5% decrease in value since last sale

Current estimated payment $5,556/month

205 Days on Market

Highlights

  • 0.31 Acre Lot
  • Room in yard for a pool
  • Concrete Block With Brick
  • Naples Park Elementary School Rated A-
  • Deck
  • Patio

About This Home

As of December 2023

PRICE DROP!!! Investor Alert!!! Double Lot(100x135) Turnkey Duplex in Naples Park which has been fully renovated. Both units are currently being rented on a short term basis on AirBnB, VRBO, and other platforms. Each side rented for as much as 300-400 a night during this past season. Off season rental rates should be in the 150-250 a night range for each side. There is plenty of room for pools in the huge back yard which would dramatically increase not only the nightly rental rate but also the occupancy rate. The property received no damage from Hurricane Ian and a new roof was installed in 2021. Just over 1 mile from Wiggins Pass, Vanderbilt Beach, and Mercato. Only 115 yards away from the famous North Naples Country Club as well. With no HOA and lease limits, this makes the perfect investment to hedge against inflation. Double lot, multi-unit properties in Naples Park are few and far between. Don't miss out on this amazing opportunity.

Last Agent to Sell the Property

Matt Bianchini

Compass Florida LLC Listed on: 05/16/2023

Compass Florida LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,300

Year Built

  • Built in 1978

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions: 100
  • Paved or Partially Paved Lot
  • City Sprinkler System

Home Design

  • Duplex
  • Concrete Block With Brick
  • Shingle Roof
  • Stucco

Interior Spaces

  • Single Hung Windows
  • Tile Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Room in yard for a pool
  • Deck
  • Patio
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cleaning fee
  • Assessor Parcel Number 62786960004
  • Tax Block 72

Community Details

Overview

  • 2 Units
  • Naples Park Condos
  • Naples Park Community

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $10,000
  • Net Operating Income $110,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,300

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Legal Description: NAPLES PARK UNIT 5 BLK 72 LOTS 17 + 18
  • Property Type: Residential Income
  • Table: Residential Income
  • Street View Param: 1$26.263608$-81.803058$172.34$13.33$1.00$eNzC-6LIa1yC-dwRwdHRzA
  • Building Design: Duplex
  • Building Description: Duplex
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 4
  • Flooring: Tile
  • Windows: Single Hung

Exterior Features

  • Gulf Access: No
  • Private Pool: No
  • Private Spa: No
  • Roof: Shingle
  • Construction: Concrete Block
  • Irrigation: Central
  • Road: County Maintained, Paved Road, Public Road
  • Exterior Features: Deck, Grill, Patio, Room for Pool
  • Exterior Finish: Stucco

Utilities

  • Cable Available: Yes
  • Cooling: Central Electric
  • Heat: Central Electric
  • Sewer: Central
  • Water: Central

Association/Amenities

  • Pets: No Approval Needed
  • Development: Naples Park
  • Community Type: Non-Gated
  • Units In Building: 2

Condo/Co-op/Association

  • Sub Condo Name: NAPLES PARK
  • Development Name: NAPLES PARK

Lot Info

  • Section: 28
  • Waterfront: No
  • Zoning Code: RMF-6
  • Acres: 0.3100
  • Lot Dimensions: 100 X 50
  • Parcel Number: 62786960004

Rental Info

  • Tenant Pays: Cleaning Fee

Tax Info

  • Tax Description: County Only, No Homestead
  • Taxes: 7300.06
  • Tax Year: 2022

Multi Family

  • Gross Rental Income: 120000.00
  • Annual Expenses: 10000.00
  • Annual Net Operating Income: 110000.00
  • Total Buildings: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2023
Closed on
Dec 26, 2023
Sold by
Munro Living Trust
Bought by
Sh Capital Trust Llc
Seller's Agent
Matt Bianchini
Compass Florida LLC
List Price
$1,345,000
Sold Price
$980,000
Premium/Discount to List
-$365,000
-27.14%
Views
128
Current Estimated Value
$935,441

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$44,559
Avg. Annual Appreciation
-3.84%

Purchase Details

Closed on
Dec 16, 2021
Sold by
Dallal Herlihy Judith E and Judith E Dallal Revocable Trus
Bought by
Munro Alister and Munro Ana

Purchase Details

Closed on
May 6, 2008
Sold by
Dallal Judith E
Bought by
Dallal Judith E

Purchase Details

Closed on
Mar 20, 2008
Sold by
Dallal Judith E
Bought by
Dallal Judith E

Purchase Details

Closed on
Oct 24, 2001
Sold by
Goddard Gloria J
Bought by
Dallal Judith E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
6.85%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 28, 2001
Sold by
Walczuk Michael N
Bought by
Goddard Gloria A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,000
Interest Rate
7.06%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 27, 1999
Sold by
Kleinberger Andrew J
Bought by
Walczuk Michael N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
7.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 2, 1997
Sold by
Ortiz Felipe J and Ortiz Delfina
Bought by
Kleinberger Andrew J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,368
Interest Rate
7.38%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 30, 1994
Sold by
Jablonski Eugene and Jablonski Maria D
Bought by
Ortiz Felipe J and Ortiz Delfina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,800
Interest Rate
8.51%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sh Capital Trust Llc $980,000 Collier Title Insurance
Sh Capital Trust Llc $980,000 Collier Title Insurance
Munro Alister $800,000 Lutgert Title Llc
Dallal Judith E -- None Available
Dallal Judith E -- Winged Foot Title Llc
Dallal Judith E $205,000 --
Goddard Gloria A $170,000 --
Walczuk Michael N $170,000 --
Kleinberger Andrew J $117,900 --
Ortiz Felipe J $106,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dallal Judith E $145,000
Previous Owner Goddard Gloria A $119,000
Previous Owner Walczuk Michael N $136,000
Previous Owner Kleinberger Andrew J $117,368
Previous Owner Ortiz Felipe J $84,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/26/2023 12/26/23 Sold $980,000 -6.6% --
12/07/2023 12/07/23 Pending -- -- --
11/13/2023 11/13/23 Price Changed $1,049,000 -4.6% --
10/23/2023 10/23/23 Price Changed $1,099,999 -8.3% --
08/19/2023 08/19/23 Price Changed $1,199,000 -6.0% --
07/07/2023 07/07/23 Price Changed $1,275,000 -1.8% --
06/18/2023 06/18/23 Price Changed $1,299,000 -3.4% --
05/16/2023 05/16/23 For Sale $1,345,000 -- --
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 $8,554 $835,408 $631,800 $203,608
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 223037300

Naples Area Board of REALTORS®

APN: 62786960004