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514 Cormorant Cove

514 Cormorant Cove, Naples, FL 34113
Property in Eagle Creek
Sold Mar 26, 2020
$395,000
$750,000 by Fehr Glenda
Mortgage
Sold Apr 18, 2006
$600,000
$400,000 by Island Community Mortgage Sevi
Mortgage Due May 01, 2036
514 Cormorant Cove 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 1988 and is 36 years old. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 514 Cormorant Cove has 2,524 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,300 ft and across the front of the lot is 680 ft. The area measurement of the land has been determined as 9,148 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 wood 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 514 Cormorant Cove sold most recently in Mar 20, 2020 for a total of $395,000. If you work out the math, that's approximately a cost of $156.50 per sqft. Before that, the property was also sold for $600,000 in Apr 7, 2006. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $3,345 in taxes each year. 514 Cormorant Cove was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $323,904. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Bedroom Count: 0
  • Building Quality: C
  • Construction Type: Wood
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 9,148
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 680
  • Total Building Area: 2,524
  • Gross Building Area: 2,524
  • Building Area: 2,524
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,524
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CREEK BED ESTATES AT EAGLE CREEK COUNTRY
  • Land Acres: 0.21
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CREEK BED EST/EAGLE CREEK C C SITE 64 OR 1405 PG 212

Ownership

  • Current Owner : OTTINGER JIMMY A
  • Current Owner 2: WAISMAN CHARLOTTE S
  • Previous Owner : SHERMAN PAUL
  • Previous Owner 2: SHERMAN JOAN
  • Owner Before Previous Owner: KELLY MARILYN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Collier County School District
  • School Tax School District: DISTRICT 1
  • Census Tract: 010805

Zoning

  • Zoning: PUD

Geography

  • Assessors Map Reference: 6B04
  • Subdivision Tract Number: 253600
  • Parcel: 29330680003
  • Lot: 64
  • Meridian: SEC 4 TWN 51 RNG 26
  • Municipality: COUNTY COLLIER
  • Latitude: 26.062
  • Longitude: -81.7064

    Address

  • Full Address: 514 Cormorant Cv
  • Address - House Number: 514
  • Address - Street Name: Cormorant
  • Address - Suffix Type: Cv
  • State: FL
  • City Name: Naples
  • Carrier Code: R866
  • 4-Digit Zip Code: 8413
  • Zip Code: 34113

Valuation

    Tax

  • Total Area: 2,962
  • Tax Year: 2022
  • Tax Amount: $3,345
  • Tax Rate Code Area: 53

    Appraisal Valuation

  • Standard Deviation: 0.0791
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 94
  • Final Value: 1,293,383
  • High Value: 1,395,755
  • Low Value: 1,191,010

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $750,000
  • First Open Lien Mortgage Lender: FEHR GLENDA
  • First Open Lien Mortgage Recording Date: Aug 29, 2023
  • First Open Lien Mortgage Financing Type: unknown
  • First Open Lien Mortgage Loan Amount: $750,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Balloon
  • First Open Lien Mortgage Private Lender: T

    Market Valuation

  • Market Total Value: $467,558
  • Market Land Value: $104,283
  • Market Improvement Value: $363,275

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $323,904

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 20, 2020
  • Current Sale Recording Date: Mar 26, 2020
  • Current Sale Transaction ID: 11751726088
  • Current Sale Price: $395,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 5848236
  • Previous Sale Recording Date: Apr 18, 2006
  • Previous Sale Contract Date: Apr 07, 2006
  • Previous Sale Amount: $600,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Mortgage Transaction Date: Mar 26, 2020
  • First Mortgage Loan Amount: $316,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: ISLAND COMMUNITY MORTGAGE SEVI
  • Previous Mortgage Transaction Date: Apr 18, 2006
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $400,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: May 01, 2036

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Frequently Asked Questions

What neighborhood is 514 Cormorant Cove located in?
The 514 Cormorant Cove is a located in the neighborhood of Eagle Creek in South Naples, Naples.
What is the average sales price for listings in 514 Cormorant Cove?
The average sales price for units in 514 Cormorant Cove is $0 currently.

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