tomo logo

$400,000

Beds
2
Baths
1.5
sq ft
787

87 N Collier Blvd Unit N5, Marco Island, FL 34145

87 N Collier Blvd Unit N5

Marco Island, FL 34145

  • 1 day on market
Nestled in the heart of Island Manor, this charming turnkey 2-story, 2-bedroom, 1.5-bathroom property is the perfect slice of paradise for those seeking coastal serenity or an excellent rental investment. Imagine waking up to the gentle glow of the eastern sun pouring into your screened lanai—a tranquil spot to enjoy your morning coffee or the evening breeze. Step inside and find a thoughtfully designed home with stainless steel appliances, making cooking and entertaining a delight. With one assigned parking space and a storage unit, this property ensures that every detail of island living is possible. Island Manor itself offers many unique perks: take a dip in the crystal blue pool, challenge your neighbors to a friendly game of shuffleboard, and gather for community events in the clubhouse. When adventure calls, you’re less than half a mile from the sand shores of Residents’ Beach and just moments from vibrant shopping and dining options. Whether you’re looking for a serene retreat or a property with outstanding rental potential, this Island Manor gem delivers it all. Your piece of paradise awaits—come see it today!

Details

Property type

Condominium

Est. home value

$404,228

Lot size

Unknown

Price per sq ft

$509

Year built

1973

Annual property taxes

$2,660.06

HOA

No

Price History

12/21/2024

FGCMLS #224102937

Listed
$400,000
+68.07%
12/16/2020

FGCMLS #220050160

Sold
$238,000
+44.24%
08/30/2018

FGCMLS #217023431

Sold
$165,000

Schools & Community

Elementary school: 

TOMMIE BARFIELD ELEMENTARY SCHOOL

Middle school: 

MANATEE MIDDLE SCHOOL

High school: 

LELY HIGH SCHOOL

Community features: 

Pool

Number of units in community: 

169

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

$278,694
Asking price
$400,000
Closing costs (~8% of asking)
-$32,000
Est. remaining loan balance
-$89,306
Cash to seller
$278,694

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

Seller’s Loan History

Lender

Bank Of America Na

Loan start date

April 2009

Original loan amount

$135,200

Est. remaining balance

$89,306

Interest rate

5.07%

Loan type

Not Provided, 30 year

Seller

Vincent R Ferrara and Donna Ferrara

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 10:50 AM

Listing updated: 12/21/2024 at 9:50 AM

Listed by: Joe Bartos, PA, Premiere Plus Realty Company Phone #: (239) 732-7837

MLS: FGCMLS #224102937

FGCMLS logo

Recently listed in Marco Island