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4950 Teak Wood Drive

4950 Teak Wood Drive, Naples, FL 34119
Sold Dec 08, 2020
$1,050,000
$840,000 by Finemark National Bank & Trust
Mortgage Due Jan 01, 2051
Sold Feb 04, 2014
$850,000
$680,000 by Citibank Na
Mortgage Due Feb 01, 2044
4950 Teak Wood Drive has been categorized by the local assessors in Naples, FL as a residential type of property. The building on the property was first built in 1998 and is 26 years old. The building has a total of 2 stories. In addition, 4950 Teak Wood Drive has 2,289 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 258,311 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying a unknown. Love to swim? You'll be excited to find out that there is a pool on the property. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with masonry control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C+ by the local assessor. The property was last sold in Dec 7, 2020 for $1,050,000. That's $458.72 per sqft. Prior to that sales transaction, the property was also sold in Jan 31, 2014 for $850,000. 4950 Teak Wood Drive was last assessed in 2022. The total value of the property was assessed at $1,198,659. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $12,935. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Block Exterior

Facilities

Boat Slip

Parking

Covered Parking
Guest Parking
Paved Parking
RV Parking

Driveway

Driveway
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Building Count: 1
  • Bedroom Count: 0
  • Building Quality: C+
  • Construction Type: Masonry
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 258,311
  • Total Building Area: 2,289
  • Gross Building Area: 2,289
  • Building Area: 2,289
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,289
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GOLDEN GATE EST UNIT 95
  • Land Acres: 5.93
  • Standard Land Use Code: Single family residential
  • Legal Description 1: GOLDEN GATE EST UNIT 95 E 130.19 FT OF TR 101 AND THE W 165.19 FT OF TR 114

Ownership

  • Current Owner : HYATT JOEL W
  • Current Owner 2: HYATT MIA L
  • Previous Owner : NITZSCHE DAVID ARTHUR
  • Previous Owner 2: NITZSCHE CHRISTINE ANN
  • Owner Before Previous Owner: ANDERSON A ERIC
  • Owner Before Previous Owner 2: ANDERSON SUZAN T
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Collier County School District
  • School Tax School District: DISTRICT 1
  • Census Tract: 010416

Zoning

  • Zoning: E

Geography

  • Assessors Map Reference: 4B04
  • Subdivision Tract Number: 101,114
  • Parcel: 41830240002
  • Block: 101
  • Meridian: SEC 4 TWN 49 RNG 26
  • Municipality: COUNTY COLLIER
  • Latitude: 26.2292
  • Longitude: -81.7069

    Address

  • Full Address: 4950 Teak Wood Dr
  • Legal Unit: 95
  • Address - House Number: 4950
  • Address - Street Name: Teak Wood
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Naples
  • Carrier Code: R112
  • 4-Digit Zip Code: 2504
  • Zip Code: 34119

Valuation

    Tax

  • Total Area: 5,284
  • Tax Year: 2022
  • Tax Amount: $12,935
  • Tax Rate Code Area: 46

    Appraisal Valuation

  • Standard Deviation: 0.201
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 73
  • Final Value: 2,525,089
  • High Value: 3,032,676
  • Low Value: 2,017,503

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $1,040,000
  • First Open Lien Mortgage Lender: FINEMARK NATIONAL BANK & TRUST
  • First Open Lien Mortgage Recording Date: Dec 08, 2020
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $840,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2051
  • Second Open Lien Mortgage Lender: THIRD FEDERAL SAVINGS AND LOAN
  • Second Open Lien Mortgage Recording Date: Aug 24, 2022
  • Second Open Lien Mortgage Loan Amount: $200,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Aug 12, 2052

    Market Valuation

  • Market Total Value: $1,925,178
  • Market Land Value: $965,108
  • Market Improvement Value: $960,070

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,198,659

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 07, 2020
  • Current Sale Recording Date: Dec 08, 2020
  • Current Sale Transaction ID: 11805258804
  • Current Sale Price: $1,050,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 5965855
  • Previous Sale Recording Date: Feb 04, 2014
  • Previous Sale Contract Date: Jan 31, 2014
  • Previous Sale Amount: $850,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FINEMARK NATIONAL BANK & TRUST
  • First Mortgage Transaction Date: Dec 08, 2020
  • First Mortgage Loan Amount: $840,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Mortgage Loan Due Date: Jan 01, 2051

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: CITIBANK NA
  • Previous Mortgage Transaction Date: Feb 04, 2014
  • Previous Mortgage Loan Amount: $680,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Feb 01, 2044

About Urban Estates



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Frequently Asked Questions

What neighborhood is 4950 Teak Wood Drive located in?
The 4950 Teak Wood Drive is a house located in the neighborhood of Urban Estates in Urban Estates, Naples.
What is the average sales price for listings in 4950 Teak Wood Drive?
The average sales price for units in 4950 Teak Wood Drive is $1,299,000 , or $246/sqft. currently.

Neighborhoods
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