NOT LISTED FOR SALE

Estimated Value: $401,582 - $528,000

4 Beds
4 Baths
2,400 Sq Ft
$195/Sq Ft Est. Value

Last Sold May 25, 2021

Last sale price $410,000 $171 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,146/month

26 Days on Market

Highlights

  • Jalousie or louvered window
  • Tile Flooring
  • Central Heating and Cooling System
  • Cape Elementary School Rated A-
  • Outdoor Storage
  • Ceiling Fan

About This Home

As of May 2021

EXTREMELY RARE opportunity to own a QUADPLEX in the very center of downtown Cape Coral, FL. Borders a proposed redevelopment project and located directly behind a luxury downtown hotel. Close to public transportation, restaurants, nightclubs, and downtown Cape Coral events. Four one-bedroom one-bath apartments with additional storage for each tenant and coin-op laundry in a separate structure for additional income. Recent HVAC replacements- 2015, 2016, 2019, HW tank 2016 and laundry appliances-2018, 2019.

Last Agent to Sell the Property

Richard Maas

Rossman Realty Group Inc License #258024398 Listed on: 03/29/2021

Last Buyer's Agent

Carolina Depombo

Premier Sotheby's Int'l Realty License #279585258

Premier Sotheby's Int'l Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,797

Year Built

  • Built in 1967

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions are 130 x 115 x 130 x 115
  • Sprinkler System

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,400 Sq Ft Home
  • Ceiling Fan
  • Jalousie or louvered window

Flooring

  • Tile
  • Terrazzo

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Outdoor Features

  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • Sewer Assessments

Listing and Financial Details

  • Tenant pays for application fee, cable TV, electricity, pet deposit
  • Legal Lot and Block 9 / 316
  • Assessor Parcel Number 12-45-23-C3-00316.0090

Community Details

Overview

  • 4 Units
  • Cape Coral Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $10,018
  • Net Operating Income $30,842

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,797

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.345
  • Lot Size: 130 x 115 x 130 x 115
  • Road Surface Type: Paved
  • Subdivision Name: CAPE CORAL
  • Architectural Style: Garden Home
  • Structure Type: Quadruplex
  • Year Built: 1967
  • Property Sub Type Additional: Quadruplex
  • Special Features: None

Interior Features

  • Private Spa: No
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Flooring: Terrazzo, Tile
  • Window Features: Jalousie

Exterior Features

  • Lot Features: See Remarks, Sprinklers Automatic
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Brick, Block, Concrete, Stucco
  • Exterior Features: Sprinkler/Irrigation, Storage
  • Other Structures: Outbuilding
  • Property Condition: Resale
  • Roof: Shingle

Utilities

  • Laundry Features: Common Area
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Assessment Paid, Public Sewer
  • Water Source: Assessment Paid, Public

Condo/Co-op/Association

  • Amenities: Laundry
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 12-45-23-C3-00316.0090
  • Zoning Description: R3-D
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Application Fee, Cable TV, Electricity, Pet Deposit

Multi Family

  • Number Of Units Total: 4
  • Property Net Operating Income: 30842.0
  • Annual Operating Expense: 10018.0

Tax Info

  • Tax Annual Amount: 4797.0
  • Tax Block: 316
  • Tax Lot: 9
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2021
Closed on
May 25, 2021
Sold by
G Grant 2 Llc
Bought by
Depombo Carolina and Depombo April
Seller's Agent
Richard Maas
Rossman Realty Group Inc
Buyer's Agent
Carolina Depombo
Premier Sotheby's Int'l Realty
List Price
$399,000
Sold Price
$410,000
Premium/Discount to List
$11,000
2.76%
Current Estimated Value
$467,396

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,396
Avg. Annual Appreciation
3.01%
Original Mortgage
$291,750
Outstanding Balance
$263,985
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$203,411

Purchase Details

Closed on
Nov 21, 2014
Sold by
Fidelin Investment Llc
Bought by
G Grant 2 Llc

Purchase Details

Closed on
Mar 7, 2014
Sold by
Hudik Joseph F
Bought by
Fidelin Investment Llc

Purchase Details

Closed on
Jan 9, 2012
Sold by
Hudik John W
Bought by
Hudik Joseph F
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
Depombo Carolina $410,000 Agent Title Services Llc
G Grant 2 Llc -- Attorney
Fidelin Investment Llc $175,000 Title Professionals Of Fl
Hudik Joseph F -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Depombo Carolina $291,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/25/2021 05/25/21 Sold $410,000 +2.8% $171 / Sq Ft
04/25/2021 04/25/21 Pending -- -- --
03/29/2021 03/29/21 For Sale $399,000 -- $166 / Sq Ft
Source: Florida Gulf Coast Multiple Listing Service

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 $8,324 $394,525 -- --
2024 $7,441 $358,659 -- --
2023 $7,441 $326,054 $82,729 $226,319
2022 $6,845 $310,738 $62,085 $248,653
2021 $5,046 $203,668 $46,000 $157,668
2020 $4,797 $185,726 $46,000 $139,726
2019 $4,516 $183,304 $46,000 $137,304
2018 $4,310 $171,996 $46,000 $125,996
2017 $4,113 $166,350 $23,000 $143,350
2016 $3,561 $119,776 $23,000 $96,776
2015 $3,465 $117,199 $17,595 $99,604
2014 -- $91,778 $15,755 $76,023
2013 -- $105,700 $10,800 $94,900
Source: Public Records

Agents Affiliated with this Home

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Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 221021487

Florida Gulf Coast Multiple Listing Service

APN: 12-45-23-C3-00316.0090