tomo logo

$735,000

Beds
3
Baths
3.0
sq ft
1,416

742 111th Ave N, Naples, FL 34108

742 111th Ave N

Naples, FL 34108

  • 40 days on market
    • Price drop $35,000↓
ATTENTION INVESTORS! 2 STREAMS OF INCOME! NEW ROOF 2023!!This charming home boasts an exceptional location in Naples Park, allowing you to easily bike to the famous beach just 1.8 miles down the street. Stores and restaurants are just 0.5 miles away. Furthermore, it's an excellent investment opportunity for those interested in Airbnb as a vacation rental property. It's also an ideal choice for those in search of a second home in Florida. One of the standout features of this property is its fully legal "mother-in-law suite," offering unique flexibility. Upon entering the home, you'll be greeted by an open and modern kitchen, making it an ideal space for daily living and entertainment. The main house features two comfortable bedrooms and two bathrooms for your convenience, along with an attached garage. At the rear of the property, you'll find the third bedroom, which is part of the "mother-in-law suite." This suite comes with its own bathroom and access to a spacious patio, creating an independent and cozy space for family, friends, or guests.

Details

Property type

Single Family Residence

Est. home value

$745,154

Lot size

5,663 sq ft

Price per sq ft

$520

Year built

1978

Annual property taxes

$2,512

HOA

No

Price History

11/11/2024

FGCMLS #224084931

Listed
$735,000
+25244.83%
06/19/2024
NABOR

NABOR #223045401

Removed
$2,900
06/23/2023
NABOR

NABOR #223045401

Listed
$2,900
-99.56%

Schools & Community

Neighborhood: 

Naples Park

Elementary school: 

NAPLES PARK ELEMENTARY SCHOOL

Middle school: 

PINE RIDGE MIDDLE SCHOOL

High school: 

BARRON COLLIER HIGH SCHOOL

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

$163,631
Asking price
$735,000
Closing costs (~8% of asking)
-$58,800
Est. remaining loan balance
-$512,569
Cash to seller
$163,631

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

Seller’s Loan History

Lender

Cardinal Financial Company Lp

Loan start date

January 2023

Original loan amount

$524,000

Est. remaining balance

$512,569

Interest rate

6.31%

Loan type

New Conventional, 30 year

Seller

Geomaris Barriel and Eovanys Barriel

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: 12/22/2024 at 12:30 AM

Listing updated: 11/11/2024 at 12:35 PM

Listed by: Marbelis Martin Rodriguez, Xclusive Homes LLC Phone #: (239) 228-6242

MLS: FGCMLS #224084931

FGCMLS logo

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