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$3,995,000

Beds
2
Baths
2.0
sq ft
1,264

510 3rd Ave S, Naples, FL 34102

510 3rd Ave S

NAPLES, FL 34102

  • 44 days on market
A rare opportunity to own a piece of paradise in the heart of downtown Old Naples. Just steps from the iconic 5th Avenue and a short stroll to the pristine beaches of the Gulf of Mexico, this charming Old Florida cottage is perfectly situated on a .23-acre corner lot with rear alley access. Zoned R3-12, the property offers the unique potential to build two attached dwellings or a single, expansive residence. This delightful two-bedroom, two-bath cottage boasts a quaint front porch, a private rear patio, a separate art studio, and a small storage shed. The existing structure can be extended to create your dream home in one of Naples' most sought-after neighborhoods. Elevated to meet current FEMA standards, this home was unaffected by Hurricane Ian’s rising waters, ensuring peace of mind. Embrace the quintessential Naples lifestyle in this enchanting cottage, where charm and endless possibilities await. Architectural rendition possibilities are available upon request.

Details

Property type

Single Family Residence

Est. home value

$4,683,565

Lot size

0.23 acres

Price per sq ft

$3,161

Year built

1949

Annual property taxes

$6,599.21

Price History

05/20/2024
NABOR

NABOR #224043534

Listed
$3,995,000
-6%
02/26/2024
NABOR

NABOR #222087018

Removed
$4,250,000
12/22/2022
NABOR

NABOR #222087018

Listed
$4,250,000

Schools & Community

Neighborhood: 

Old Naples

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Seller’s Loan History

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

Lender

Home Sav Of Amer F S B

Loan start date

July 1998

Original loan amount

$220,000

Est. remaining balance

Not provided

Interest rate

7.19%

Loan type

Not Provided

Seller

Charles F Ruch and Joan Flanigan Ruch

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?

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Status: Active

Tomo last checked: 07/03/2024 at 10:30 AM

Listing updated: 05/22/2024 at 1:08 PM

Listed by: James Bates, Phone #: (239) 434-2424

MLS: NABOR #224043534

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