NOT LISTED FOR SALE

Cape Coral, FL 33991

Hancock Neighborhood

Estimated Value: $621,000 - $773,000

8 Beds
4 Baths
-- Sq Ft
0.34 Acres

Last Sold March 27, 2018

Last sale price $346,000

Est. 101% increase in value since last sale

Current estimated payment $4,404/month

33 Days on Market

Highlights

  • Concrete Block With Brick
  • Tile Flooring
  • Central Heating and Cooling System
  • Cape Elementary School Rated A-
  • 1-Story Property

About This Home

As of March 2018

Nice stable 4-unit residential income property in a great central Cape Coral location. One block off Santa Barbara Blvd, and less than a mile to Veterans Pkwy for convenient commuting access to Fort Myers. Owner states they have had zero vacancy for past three years. Priced right for immediate sale. Each unit is separately metered for electric and water with each tenant paying all utilites. In-unit laundries. Tile flooring throughout. Has been well maintained. Entire AC system and water heater recently replaced in one unit, and the air handler replaced in a second unit. Detailed maintenance records available. Site has room for potential expansion for added bedroom and bath. Total shared parking spaces of 7, with room for expansion. Income statement with rent roll and expense summary is available as supplemental document on the listing.

Last Agent to Sell the Property

Jeffery Forsythe, CCIM

Lee & Assoc. Naples-Ft. Myers License #BEAR-3265661 Listed on: 01/17/2018

Lee & Assoc. Naples-Ft. Myers

Last Buyer's Agent

Susan Hariprasad

Homes Realty LLC License #FORT-258015147

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,362

Year Built

  • Built in 1983

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions: 120

Home Design

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

Interior Spaces

  • 1-Story Property
  • Casement Windows
  • Tile Flooring

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for full electric, full telephone, pet deposit, sewer, water
  • Assessor Parcel Number 26-44-23-C2-03084.0650
  • Tax Block 3084

Community Details

Overview

  • 4 Units
  • Cape Coral Condos

Pet Policy

  • Call for details about the types of pets allowed

Building Details

  • Operating Expense $9,743
  • Net Operating Income $30,097

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,362

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Legal Description: CAPE CORAL UNIT 62 BLK 3084 PB 21 PG 35 LOTS 65 THRU 67
  • Property Type: Residential Income
  • Table: Residential Income
  • Street View Param: 1$26.618545$-81.97563400000001$314.34$13.33$1.00$TVzPowslQXUqrE-zxeWDMg
  • Building Design: Quadraplex
  • Building Description: 1 Story/Ranch, Duplex
  • Year Built: 1983
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 4
  • Total Bathrooms: 4.00
  • Total Bedrooms: 8
  • Flooring: Tile
  • Windows: Casement

Exterior Features

  • Gulf Access: No
  • Private Pool: No
  • Private Spa: No
  • Roof: Shingle
  • Construction: Concrete Block
  • Exterior Finish: Stucco

Utilities

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

Association/Amenities

  • Pets: With Approval
  • Development: Cape Coral
  • Units In Building: 4

Condo/Co-op/Association

  • Sub Condo Name: CAPE CORAL

Lot Info

  • Lot Back: 120
  • Lot Frontage: 120
  • Lot Left: 125
  • Lot Right: 125
  • Lot Unit: 65
  • Section: 26
  • Waterfront: No
  • Zoning Code: R3-D
  • Acres: 0.3444
  • Lot Description: Regular
  • Lot Dimensions: 120 X 125
  • Parcel Number: 26-44-23-C2-03084.0650

Rental Info

  • Tenant Pays: Full Electric, Full Telephone, Pet Deposit, Sewer, Water

Tax Info

  • Tax Description: City And County, No Homestead
  • Taxes: 5362.00

Multi Family

  • Unit Count: 4
  • Gross Rental Income: 39840.00
  • Annual Expenses: 9743.00
  • Annual Net Operating Income: 30097.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 30, 2021
Sold by
Bello and Lisbel
Bought by
Bello Ariel
Current Estimated Value
$696,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Outstanding Balance
$136,566
Interest Rate
2.1%
Mortgage Type
New Conventional
Estimated Equity
$491,434

Purchase Details

Listed on
Jan 17, 2018
Closed on
Mar 27, 2018
Sold by
B And C Apartments Llc
Bought by
Bello Ariel and Diaz Lisabel
Seller's Agent
Jeffery Forsythe, CCIM
Lee & Assoc. Naples-Ft. Myers
Buyer's Agent
Susan Hariprasad
Homes Realty LLC
List Price
$379,900
Sold Price
$346,000
Premium/Discount to List
-$33,900
-8.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.40%
Original Mortgage
$200,000
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 26, 2017
Sold by
Collazo Carlos
Bought by
B & C Apartments Llc

Purchase Details

Listed on
Jul 8, 2014
Closed on
Aug 21, 2014
Sold by
Cleveland Godrey and Cleveland Jeanette
Bought by
Collazo Carlos
Seller's Agent
Donald Perroth
Florida's Realty LLC
Buyer's Agent
Thomas Therrien
ERA Right Choice Realty
List Price
$239,000
Sold Price
$230,000
Premium/Discount to List
-$9,000
-3.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.57%
Original Mortgage
$184,000
Interest Rate
4.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 31, 2012
Sold by
Light Gary and Light Family Revocable Trust
Bought by
Cleveland Godfrey and Cleveland Jeanette

Purchase Details

Closed on
Jun 22, 1998
Sold by
Nellans Larry W
Bought by
Light Gary G and Light Cynthia C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,700
Interest Rate
7.14%
Mortgage Type
Commercial
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
Bello Ariel -- Faber Todd
Bello Ariel $346,000 Security Title & Abstract Ll
B & C Apartments Llc -- Attorney
Collazo Carlos $230,000 Title Professionals
Cleveland Godfrey -- Attorney
Light Gary G $143,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bello Ariel $172,000
Previous Owner Bello Ariel $200,000
Previous Owner Collazo Carlos $184,000
Previous Owner Light Gary G $128,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2018 03/27/18 Sold $346,000 -8.9% --
02/19/2018 02/19/18 Pending -- -- --
02/13/2018 02/13/18 Price Changed $379,900 -2.6% --
01/17/2018 01/17/18 Price Changed $389,900 +2.6% --
01/17/2018 01/17/18 For Sale $379,900 +65.2% --
08/22/2014 08/22/14 Sold $230,000 -3.8% $67 / Sq Ft
07/23/2014 07/23/14 Pending -- -- --
07/08/2014 07/08/14 For Sale $239,000 -- $70 / Sq Ft
Source: Multiple Listing Service of Bonita Springs-Estero

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
2024 $7,297 $347,672 -- --
2023 $7,297 $316,065 $90,341 $225,724
2022 $7,173 $330,446 $44,000 $286,446
2021 $6,170 $259,330 $44,000 $215,330
2020 $5,982 $242,234 $30,000 $212,234
2019 $5,890 $241,448 $26,000 $215,448
2018 $5,769 $230,932 $23,000 $207,932
2016 $4,883 $187,364 $15,000 $172,364
2015 $4,526 $169,202 $10,000 $159,202
2014 -- $134,686 $10,340 $124,346
2013 -- $128,300 $5,300 $123,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Jeffery Forsythe, CCIM

    Lee & Assoc. Naples-Ft. Myers

    Section Image
  • Susan Hariprasad

    Buyer's Agent in 2018

    Susan Hariprasad

    Homes Realty LLC

    (239) 810-1261

    6 in this area

    101 Total Sales

    Section Image
  • Donald Perroth

    Seller's Agent in 2014

    Donald Perroth

    Florida's Realty LLC

    (239) 560-6781

    11 in this area

    37 Total Sales

    Section Image

  • T

    Buyer's Agent in 2014

    Thomas Therrien

    ERA Right Choice Realty

    Section Image
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Source: Multiple Listing Service of Bonita Springs-Estero

MLS Number: 218005319

Multiple Listing Service of Bonita Springs-Estero

APN: 26-44-23-C2-03084.0650

Florida Lee County Cape Coral 33991

Hancock

This home since 17 January 2018 and is currently estimated at $688,000. This property was built in 1983. This home is a home located in Lee County with nearby schools including Caloosa Elementary School, Cape Elementary School, and Tropic Isles Elementary School.

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