W
Seller's Agent in 2014
William Noah
Shore Line Realty & Associates
(239) 841-4848
75 Total Sales
4689 Pine Island Rd NW Matlacha, FL 33993
Matlacha NeighborhoodEstimated Value: $582,000 - $1,165,000
4
Beds
4
Baths
--
Sq Ft
0.53
Acres
Highlights
- Boat Dock
- Home fronts a seawall
- In Ground Pool
- Cape Coral High School Rated A-
- Access to Bay or Harbor
- 0.53 Acre Lot
About This Home
As of December 2014PRIME Historical Site Zoned Commercial. Tons of Potential - Value Add Opportunity........ BEAUTIFUL BAY FRONT VIEWS !!! ... 2 BOAT DOCKS...10,000 lb BOAT LIFT... 140 FEET OF ROAD FRONTAGE IN DOWNTOWN MATLACHA ........140 FEET OF SEAWALL.... METAL ROOFS IN 2006.... HEATED SWIMMING POOL ADDED IN 2002.... Annual gross rental income of $62k Net income of $34k with tremendous opportunity for additional income. 2 Story Duplex, Cottage/Bungalow, Single Family Home..... Potential for Restaurant, Retail, Motel, Mixed uses, Additional Units, etc................. **** Seller Will Hold A Second Mortgage For $100k with FLEXIBLE/CREATIVE TERMS **** EXTRA LARGE PARKING LOTS....... Current rental rates are: $150/night, $850/week, $2,400/month
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,075
Year Built
- Built in 1946
Lot Details
- 0.53 Acre Lot
- Lot Dimensions are 140 x 99 x 190 x 227
- Home fronts a seawall
- Oversized Lot
Home Design
- Quadruplex
- Wood Frame Construction
- Metal Roof
- Aluminum Siding
Interior Spaces
- Single Hung Windows
- Carpet
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Full Bathrooms
Outdoor Features
- In Ground Pool
- Access to Bay or Harbor
- Courtyard
- Patio
- Outdoor Storage
Utilities
- Window Unit Cooling System
- Wall Furnace
- Cable TV Available
Listing and Financial Details
- Tenant pays for departure cleaning, pet deposit, telephone
- Tax Lot 26
- Assessor Parcel Number 24-44-22-02-00000.0260
Community Details
Overview
- 4 Buildings
- Crows 1St Plat Of Matlacha Subdivision
Amenities
- Laundry Facilities
- Community Storage Space
Recreation
- Boat Dock
- Pier or Dock
- Community Pool
Pet Policy
- Call for details about the types of pets allowed
Building Details
- Operating Expense $27,909
- Net Operating Income $33,901
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 6, 2014
Closed on
Dec 17, 2014
Sold by
Moonlight Bay Cottages Llc
Bought by
4689 Pine Island Llc
Seller's Agent
William Noah
Shore Line Realty & Associates
Buyer's Agent
William Noah
Shore Line Realty & Associates
List Price
$399,900
Sold Price
$360,000
Premium/Discount to List
-$39,900
-9.98%
Total Days on Market
10
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$499,962
Avg. Annual Appreciation
8.77%
Original Mortgage
$120,000
Interest Rate
4.09%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Oct 30, 2009
Sold by
Ihlefeld Don F and Ihlefeld Barbara A
Bought by
Moonlight Bay Cottages Llc
Purchase Details
Closed on
May 6, 2009
Sold by
Pettys Raymond Stanford and Pettys Beryl Pamela
Bought by
Ihlefeld Don F and Ihlefeld Barbara A
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
4.86%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
May 25, 2007
Sold by
Pettys R Stanford and Pettys Beryl
Bought by
Pettys Raymond Stanford and Pettys Beryl Pamela
Purchase Details
Closed on
Oct 1, 1993
Sold by
Leroy William J
Bought by
Pettys R Stanford
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,500
Interest Rate
7.14%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 4689 Pine Island Llc | $360,000 | Attorney | |
| Moonlight Bay Cottages Llc | -- | Attorney | |
| Ihlefeld Don F | $475,000 | Atlas Title Of Sw Fl Inc | |
| Pettys Raymond Stanford | -- | Lee Title Services Inc | |
| Pettys R Stanford | $155,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 4689 Pine Island Llc | $463,750 | |
| Closed | 4689 Pine Island Llc | $163,750 | |
| Closed | 4689 Pine Island Llc | $150,000 | |
| Closed | 4689 Pine Island Llc | $50,000 | |
| Closed | 4689 Pine Island Llc | $463,750 | |
| Closed | 4689 Pine Island Llc | $120,000 | |
| Previous Owner | Serenity Bay Cottages Llc | $218,671 | |
| Previous Owner | Ihlefeld Don F | $50,000 | |
| Previous Owner | Pettys R Stanford | $139,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/17/2014 12/17/14 | Sold | $360,000 | -10.0% | -- |
| 11/17/2014 11/17/14 | Pending | -- | -- | -- |
| 11/06/2014 11/06/14 | For Sale | $399,900 | -- | -- |
Source: Florida Gulf Coast Multiple Listing Service
Tax History Compared to Growth
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 | $6,274 | $481,499 | -- | -- |
| 2023 | $3,122 | $170,375 | $0 | $0 |
| 2022 | $6,486 | $397,933 | $0 | $0 |
| 2021 | $5,639 | $361,757 | $223,959 | $137,798 |
| 2020 | $5,670 | $359,345 | $200,800 | $158,545 |
| 2019 | $5,653 | $351,263 | $200,800 | $150,463 |
| 2018 | $5,486 | $349,640 | $200,800 | $148,840 |
| 2017 | $5,052 | $307,662 | $182,550 | $125,112 |
| 2016 | $4,604 | $269,202 | $196,082 | $73,120 |
| 2015 | $4,096 | $244,499 | $192,527 | $51,972 |
| 2014 | $4,884 | $290,262 | $196,347 | $93,915 |
| 2013 | -- | $297,731 | $248,686 | $49,045 |
Source: Public Records
Agents Affiliated with this Home
-
William Noah
-
Brady McGuire
Seller Co-Listing Agent in 2014
Brady McGuire
RE/MAX Palm Realty
(941) 204-5840
238 Total Sales
Map
Similar Home in Matlacha, FL
Source: Florida Gulf Coast Multiple Listing Service
MLS Number: 214061657
APN: 24-44-22-02-00000.0260
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