4689 Pine Island Rd NW, Matlacha, FL 33993

4 beds4 baths1,662 sqft Edit

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Sold: $360,000
Sold on 12/19/14
Zestimate®: $506,165
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My Notes

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PRIME 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 Brokered And Advertised By: RE/MAX Anchor Realty Listing Agent: William John Noah LLC  More Less 

Facts

  • Lot: 0.53 acres
  • Single Family
  • Built in 1946
  • Views: 2,979 all time views
  • Cooling: Refrigeration
  • Heating: Forced air
  • Last sold: Dec 2014 for $360,000
  • Last sale price/sqft: $217

Features

  • Dock
  • Pool
  • Storage
  • Wired

    Construction

    • Construction quality:
      5.0
      Provided by the county assessor, this grade is based on a scale that varies by market. For more information, or to update the grade, contact the county assessor's office.
    • Roof type: Other
    • Stories: 2
    • Structure type: Other

    Other

    • Floor size: 1,662 sqft
    • Last remodel year: 1946
    • Laundry: Shared
    • Lot width: 1192
    • Parcel #: 24442202000000260
    • Zillow Home ID: 118306289

    Zestimate Details

    Zestimate
    A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

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    $506,165
    +$14,793 Last 30 days
    $344K
    $673K
    Zestimate range
    Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

    The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
    $2,395/mo
    +$0 Last 30 days
    $1.4K
    $3.5K
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    $XXX,XXX
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    Popularity on Zillow

    2,979 all-time views
    of this home (chart)

    Comparable Homes

    Homes like this sold for $379-589K.

    $330K
    $640K

    Mortgages

    Neighborhood

    Market guide

    Zillow predicts 33993 home values will rise 6.6% next year, compared to a 7.9% increase for Cape Coral as a whole. Among 33993 homes, this home is valued 247.6% more than the midpoint (median) home, and is valued 163.4% more per square foot.

    Foreclosures will be a factor impacting home values in the next several years. In 33993, the number of foreclosures waiting to be sold is 6.2% greater than in Cape Coral, and 228.6% greater than the national average. This higher local number may prevent 33993 home values from rising as quickly as other regions in Cape Coral.

    Learn more about forecast calculations or 33993 home values.
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      Nearby Schools in Cape Coral

      GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

      Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

      Data by GreatSchools.org