LEE COUNTY PROPERTY APPRAISER GENERATED ON 4/28/2024 4:27 AM Current Working Values
SITE ADDRESS
21650 MADERA RD
OWNER'S NAME
MI FORMULA FIVE LLC
OWNER'S ADDRESS
5365 WALNUT HILLS DR
BRIGHTON MI 48116
PROPERTY DESCRIPTION
BAYLAND HEIGHTS
PB 11 PG 48
LOT 21

DOR CODE 01 - SINGLE FAMILY RESIDENTIAL
NBHD CODE
07-106.1
RED COCONUT TO ALBATROSS ST
BUILDING CHARACTERISTICS
ELEMENT CODE TYPE / DESCRIPTION / VALUE
STORIES 1.0
BEDROOMS 3
BATHROOMS 2.0
EXTERIOR WALL 17 CB STUCCO
EXTERIOR WALL 0 NONE
ROOF STRUCTURE 8 IRREGULAR
ROOF COVER 12 MODULAR METAL\SHINGLE
INTERIOR WALL 5 DRYWALL
INTERIOR WALL 0 NONE
INTERIOR FLOOR 11 CERAMIC CLAY TILE
INTERIOR FLOOR 0 NONE
HEATING FUEL 4 ELECTRIC
HEATING TYPE 4 FORCED AIR-DUCTED
AC TYPE 3 CENTRAL
QUALITY 4.0000 ABOVE AVERAGE
CEILING HEIGHT CLGHT CEILING HEIGHT UNDER 8'
BUILDING SUBAREA DETAIL
AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST
BASE 1979 1,833 100 1,833   111,274
FINISHED GARAGE 1979 462 40 185   11,231
FINISHED OPEN PORCH 1979 649 20 130   7,892
JACUZZI 2018 49 0 0   0
PATIO 1998 171 5 9   546
POOL PATIO 2018 593 0 0   0
POOL RESIDENTIAL 2018 301 0 0   0
   
   
   
   
   
   
   
   
   
TOTALS 4,058 2,157 130,943
          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 BDOCK W DOCK - BOAT - WOODEN 24.00 8.00 192.00 38.11 1.00 L 1988 5.00 0.60 - 0
2 BOATLFT BOAT LIFT 0.00 0.00 1.00 7,210.00 1.00 L 1993 5.00 0.60 - 0
3 BDOCK W DOCK - BOAT - WOODEN 24.00 4.00 96.00 38.11 1.00 L 1993 5.00 0.60 - 0
4 SEAW C SEAWALL - CONCRETE 0.00 0.00 78.00 0.00 1.00 L 1979 0.00 1.00 - 0
5 POOL R POOL - RESIDENTIAL 0.00 0.00 301.00 56.96 1.00 B 2018 2.00 0.90 - 15,430
6 PATIO C PATIO - CONCRETE 0.00 0.00 593.00 8.24 1.00 B 2018 2.00 0.90 - 4,398
7 JAZ B JACUZZI - TYPE B 0.00 0.00 1.00 8,652.00 1.00 B 2018 5.00 0.75 - 6,489
8 FNC AL4 FENCE - ALUM/VINYL - 4 FEET 99.00 1.00 99.00 35.02 1.00 L 2018 2.00 0.90 - 0
 
 
 
TOTAL OF EXTRA FEATURE VALUES 26,317
                  L A N D
LINE CODE DESCRIPTION ZONING FRONT DEPTH DF CF TYPE UNIT PRICE UNITS UT TOTAL ADJ CAP EVAL NOTES
1 131 SFR CANAL RS-1 0 0 1.00 1.00 1 489,540.00 1.00 LT 1.00 - AVM
 
 
 
 
 
 
 
 
 
TOTAL OF LAND LINE VALUES 489,540
FOLIO ID: 10228807 STRAP: 28-46-24-W4-00400.0210
CARD 1 of 1
STRUCT
INDEX 		BASE
RATE 		EFF
BASE RATE 		EFF
AREA 		RCN REMAINING
WORTH 		COST
VALUE
1.15 107.73 123.89 2,157 267,231 49% 130,943
IMP TYPE 99 - Florida Ranch MODEL 1 - SINGLE FAMILY RESIDENTIAL
FLOOR 1
Floor plan
BOOK/PAGE OR
INSTRUMENT 		DATE TYPE
INST 		OVR
CODE 		V
I 		SALE
PRICE
2017000100945 5/8/2017 01 01 I 585,000
2221/4772 5/1/1991 06 06 I 199,000
1384/836 9/1/1979 06 06 V 120,000
 
 
 
 
VALUE SUMMARY Current Values 2023
BUILDING COST VALUE 130,943 122,926
BUILDING EXTRA FEATURES 26,317 29,332
LAND EXTRA FEATURES 14,031 14,101
LAND VALUE 489,540 489,540
COST APPROACH VALUE 660,831 655,899
INCOME APPROACH VALUE * *
SALES APPROACH VALUE 572,637 489,550
MARKET VALUE 572,637 489,550
LEE COUNTY PROPERTY APPRAISER GENERATED ON 4/28/2024 4:27 AM Current Working Values
SITE ADDRESS
21650 MADERA RD
OWNER'S NAME
MI FORMULA FIVE LLC
OWNER'S ADDRESS
5365 WALNUT HILLS DR
BRIGHTON MI 48116
PROPERTY DESCRIPTION
BAYLAND HEIGHTS
PB 11 PG 48
LOT 21

DOR CODE 01 - SINGLE FAMILY RESIDENTIAL
NBHD CODE
07-106.1
RED COCONUT TO ALBATROSS ST
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 SINK (WET BAR) XWB 1.00
HURRICANE SHUTTERS HSHUTT SHUTTERS PANEL & ELECTRIC
LIVING UNITS LVGU 1.00
UNITS IN BUILDING UNITS 1.00
 
 
 
 
 
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: 10228807 STRAP: 28-46-24-W4-00400.0210
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 2023
ADDITIONAL FLOORS CARD 1 of 1 FOLIO:10228807 PARCEL NO: 28-46-24-W4-00400.0210
FLOOR 0
Floor plan
FLOOR 1
Floor plan