LEE COUNTY PROPERTY APPRAISER GENERATED ON 6/22/2025 9:54 AM Current Working Values
SITE ADDRESS
253/255 SW 4TH ST
OWNER'S NAME
5537 PALMETTO ST LLC
OWNER'S ADDRESS
PO BOX 486
MARNE MI 49435
PROPERTY DESCRIPTION
CAPE CORAL UNIT 29
BLK 1954 PB 16 PG 24
LOTS 16 + 17

DOR CODE 08 - MULTI-FAMILY LESS THAN 10
NBHD CODE
33-237.0
CAPE CORAL LAKE KENNEDY
BUILDING CHARACTERISTICS
ELEMENT CODE TYPE / DESCRIPTION / VALUE
STORIES 1.0
BEDROOMS 6
BATHROOMS 4.0
EXTERIOR WALL 17 CB STUCCO
EXTERIOR WALL 0 NONE
ROOF STRUCTURE 8 IRREGULAR
ROOF COVER 3 ASPHALT OR COMPOSITION
INTERIOR WALL 5 DRYWALL
INTERIOR WALL 0 NONE
INTERIOR FLOOR 11 CERAMIC CLAY TILE
INTERIOR FLOOR 14 CARPET
HEATING FUEL 4 ELECTRIC
HEATING TYPE 4 FORCED AIR-DUCTED
AC TYPE 3 CENTRAL
QUALITY 3.0000 AVERAGE
CEILING HEIGHT CLGHT CEILING HEIGHT 8-10'
BUILDING SUBAREA DETAIL
AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST
APARTMENT 2018 1,220 100 1,220   165,311
BASE 2018 1,220 100 1,220   165,311
FINISHED GARAGE 2018 610 40 244   33,062
FINISHED OPEN PORCH 2018 170 20 34   4,607
   
   
   
   
   
   
   
   
   
   
   
   
TOTALS 3,220 2,718 368,292
          E X T R A    F E A T U R E S
LINE CODE DESCRIPTION LENGTH WIDTH UNITS UNIT PRICE PCT COND L/B YEAR AMN DEPR DEPR ADJ CAP FLAG COST
1 IRRGTN IRRIGATION SYSTEM LAWN 0.00 0.00 1.00 0.00 1.00 L 2018 5.00 0.70 - *
2 XAC XTRA/ADDITIONAL A/C UNITS 0.00 0.00 1.00 8,000.00 1.00 B 2018 5.00 0.70 - 5,600
 
 
 
 
 
 
 
 
 
TOTAL OF EXTRA FEATURE VALUES 5,600
                  L A N D
LINE CODE DESCRIPTION ZONING FRONT DEPTH DF CF TYPE UNIT PRICE UNITS UT TOTAL ADJ CAP EVAL NOTES
1 800 MF<10 RML 80 125 1.00 1.00 0 55,680.00 0.50 UT 1.00 - TD
2 800 MF<10 RML 0 0 1.00 1.00 0 55,680.00 0.50 UT 1.00 - TD
 
 
 
 
 
 
 
 
TOTAL OF LAND LINE VALUES 66,214
FOLIO ID: 10068460 STRAP: 14-44-23-C3-01954.0160
CARD 1 of 1
STRUCT
INDEX 		BASE
RATE 		EFF
BASE RATE 		EFF
AREA 		RCN REMAINING
WORTH 		COST
VALUE
0.93 155.00 144.15 2,718 391,800 94% 368,292
IMP TYPE 27 - Duplex MODEL 1 - SINGLE FAMILY RESIDENTIAL
FLOOR 1
Floor plan
BOOK/PAGE OR
INSTRUMENT 		DATE TYPE
INST 		OVR
CODE 		V
I 		SALE
PRICE
2022000311125 10/7/2022 01 01 I 650,000
2018000211566 8/29/2018 01 01 I 323,000
2016000212212 10/4/2016 01 01 V 34,500
2006000023411 1/3/2006 06 08 V 82,000
2660/3441 12/1/1995 01 01 V 2,200
 
 
VALUE SUMMARY Current Values 2024
BUILDING COST VALUE 368,292 336,189
BUILDING EXTRA FEATURES 5,600 6,000
LAND EXTRA FEATURES * *
LAND VALUE 66,214 66,214
COST APPROACH VALUE 440,106 408,403
INCOME APPROACH VALUE * *
SALES APPROACH VALUE 616,768 442,028
MARKET VALUE 616,768 442,028
LEE COUNTY PROPERTY APPRAISER GENERATED ON 6/22/2025 9:54 AM Current Working Values
SITE ADDRESS
253/255 SW 4TH ST
OWNER'S NAME
5537 PALMETTO ST LLC
OWNER'S ADDRESS
PO BOX 486
MARNE MI 49435
PROPERTY DESCRIPTION
CAPE CORAL UNIT 29
BLK 1954 PB 16 PG 24
LOTS 16 + 17

DOR CODE 08 - MULTI-FAMILY LESS THAN 10
NBHD CODE
33-237.0
CAPE CORAL LAKE KENNEDY
BUILDING CHARACTERISTICS
ELEMENT CODE TYPE / DESCRIPTION / VALUE
CONDITION COND CONDITION AVERAGE
ELEVATION ELEV ELEVATION < 1'
FOUNDATION FNDTN FOUNDATION SLAB ON GRADE
FLOOR PLAN FLRPLN FLOOR PLAN SPLIT
DRIVEWAY DRIVE DRIVEWAY CONC/ASPH
LANDSCAPING LANDSC LANDSCAPING TYPICAL OF NBHD
TOPOGRAPHY TOPOG TOPOGRAPHY STREET GRADE
EXTRA KITCHENS XKI 1.00
EXTRA SINK XSI 2.00
LIVING UNITS LVGU 2.00
UNITS IN BUILDING UNITS 2.00
 
 
 
 
 
BUILDING SUBAREA DETAIL
AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
          E X T R A    F E A T U R E S
LINE CODE DESCRIPTION LENGTH WIDTH UNITS UNIT PRICE PCT COND L/B YEAR AMN DEPR DEPR ADJ CAP FLAG COST
 
 
 
 
 
 
 
 
 
 
 
                  L A N D
LINE CODE DESCRIPTION ZONING FRONT DEPTH DF CF TYPE UNIT PRICE UNITS UT TOTAL ADJ CAP EVAL NOTES
FOLIO ID: 10068460 STRAP: 14-44-23-C3-01954.0160
CARD 1 of 1 (Continued)
STRUCT
INDEX 		BASE
RATE 		EFF
BASE RATE 		EFF
AREA 		RCN REMAINING
WORTH 		COST
VALUE
BOOK/PAGE OR
INSTRUMENT 		DATE TYPE
INST 		OVR
CODE 		V
I 		SALE
PRICE
VALUE SUMMARY Current Values 2024