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$1,099,000

Beds
4
Baths
3.0
sq ft
2,011

10025 8th St N, Naples, FL 34108

10025 8th St N

Naples, FL 34108

  • 70 days on market
Amazing Naples Park Investment Opportunity!!! This stunning 4-bedroom, 3-bathroom pool home spans 2,011 square feet and is packed with features that make it a standout in the desirable Naples Park neighborhood. For investors, this home is a gem. With an average rental income of $86k over the past three years(rental history available upon request), it’s a proven income generator. It has garnered impressive reviews on VRBO (175 reviews with an average rating of 9.8) and AirBnB (18 reviews with an average rating of 4.94). Naples Park is a fantastic investment neighborhood with no HOA fees and no rental restrictions, making it an attractive option for savvy buyers. This home is located in the X-500 flood zone so no flood insurance is required. Why does this home rent so well you may ask? The majority of the homes in Naples Park are much smaller. Most are 1200-1500 sq feet with only 3br and 2 bathrooms. This home boasts 2011 sq feet with 4 brs and 3 full bathrooms. 2 of the bedrooms are en-suites located on opposite sides of the home which makes it very private for large groups of travelers. 4br homes rent for approximately 25-30% more per night than 3br homes do. A heated pool is a must for most renters during season. This home features a large heated pool, which offers southern exposure and screen enclosure. Some renters are concerned about bugs while they spend time outside and this outdoor setup is ideal for those people. Location is another important factor. Naples Park is located very close to Vanderbilt Beach, Delnor-Wiggins Pass State Park, and Mercato, not to mention plenty of great dinning and shopping options for all. Naples Park has no HOA fees or stringent rentals restrictions most other neighborhoods posses. Why is that so important you may ask? No rental restrictions means you are able to rent your home nightly which dramatically increases the annual rental income potential. The City of Naples and well as most of the other gated communities in SWFL have 30 and 90 day minimum rental policies and some communities even limit the amount of leases per year. Don't miss out on this incredible opportunity. Whether you're looking for a primary residence, a vacation home, or a lucrative investment property, 10025 8th Street North has it all!

Details

Property type

Single Family Residence

Est. home value

$921,408

Lot size

7,405 sq ft

Price per sq ft

$547

Year built

1985

Annual property taxes

$6,444.15

HOA

No

Price History

09/13/2024

FGCMLS #224075359

Listed
$1,099,000
+134.33%
02/24/2020

FGCMLS #220005709

Sold
$469,000

Schools & Community

Neighborhood: 

Naples Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Number of units in community: 

1

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$692,480
Asking price
$1,099,000
Closing costs (~8% of asking)
-$87,920
Est. remaining loan balance
-$318,600
Cash to seller
$692,480

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Quicken Loans Inc

Loan start date

February 2020

Original loan amount

$351,750

Est. remaining balance

$318,600

Interest rate

3.72%

Loan type

New Conventional, 30 year

Seller

David Szazynski and Laurel Szazynski

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/22/2024 at 4:30 PM

Listing updated: 11/09/2024 at 5:14 AM

Listed by: Matt Bianchini, Compass Florida LLC Phone #: (305) 851-2820

MLS: FGCMLS #224075359

FGCMLS logo

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