LEE COUNTY PROPERTY APPRAISER GENERATED ON 5/6/2025 2:22 AM Current Working Values
SITE ADDRESS
438 READING ST
OWNER'S NAME
SECOND AVENUE SFR HOLDINGS III
OWNER'S ADDRESS
PO BOX 4900
SCOTTSDALE AZ 85261
PROPERTY DESCRIPTION
SOUTHWOOD UNIT 25
BLK 128 PB 26 PG 89
LOT 4
DOR CODE 01 - SINGLE FAMILY RESIDENTIAL
NBHD CODE
01-164.0
LEHIGH ACRES 08-45-27
BUILDING CHARACTERISTICS
ELEMENT CODE TYPE / DESCRIPTION / VALUE
STORIES 1.0
BEDROOMS 4
BATHROOMS 2.0
EXTERIOR WALL 17 CB STUCCO
EXTERIOR WALL 0 NONE
ROOF STRUCTURE 14 ELONGATED HIP
ROOF COVER 3 ASPHALT OR COMPOSITION
INTERIOR WALL 5 DRYWALL
INTERIOR WALL 0 NONE
INTERIOR FLOOR 9 PINE/LAMINATE/LUXURY VINYL
INTERIOR FLOOR 0 NONE
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
BASE 2022 1,833 100 1,833   241,177
FINISHED GARAGE 2022 435 40 174   22,894
FINISHED OPEN PORCH 2022 161 20 32   4,210
   
   
   
   
   
   
   
   
   
   
   
   
   
TOTALS 2,429 2,039 268,281
          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
 
 
 
 
 
 
 
 
 
 
 
TOTAL OF EXTRA FEATURE VALUES
                  L A N D
LINE CODE DESCRIPTION ZONING FRONT DEPTH DF CF TYPE UNIT PRICE UNITS UT TOTAL ADJ CAP EVAL NOTES
1 100 SFR RS-1 0 0 1.00 1.00 0 15,886.76 1.00 LT 1.00 - AVM
 
 
 
 
 
 
 
 
 
TOTAL OF LAND LINE VALUES 15,887
FOLIO ID: 10406854 STRAP: 08-45-27-L2-25128.0040
CARD 1 of 1
STRUCT
INDEX 		BASE
RATE 		EFF
BASE RATE 		EFF
AREA 		RCN REMAINING
WORTH 		COST
VALUE
0.98 137.00 134.26 2,039 273,756 98% 268,281
IMP TYPE 102 - Ranch MODEL 1 - SINGLE FAMILY RESIDENTIAL
FLOOR 1
Floor plan
BOOK/PAGE OR
INSTRUMENT 		DATE TYPE
INST 		OVR
CODE 		V
I 		SALE
PRICE
2021000156654 5/5/2021 01 01 V 13,000
2021000105026 3/30/2021 05 05 V 702,000
2010000028980 2/2/2010 11 11 V 2,700
2492/2191 4/1/1994 01 01 V 7,900
2490/1353 3/1/1994 01 01 V 1,100
 
 
VALUE SUMMARY Current Values 2024
BUILDING COST VALUE 268,281 251,438
BUILDING EXTRA FEATURES * *
LAND EXTRA FEATURES * *
LAND VALUE 15,887 15,887
COST APPROACH VALUE 284,168 267,325
INCOME APPROACH VALUE * *
SALES APPROACH VALUE 284,168 279,437
MARKET VALUE 284,168 279,437
LEE COUNTY PROPERTY APPRAISER GENERATED ON 5/6/2025 2:22 AM Current Working Values
SITE ADDRESS
438 READING ST
OWNER'S NAME
SECOND AVENUE SFR HOLDINGS III
OWNER'S ADDRESS
PO BOX 4900
SCOTTSDALE AZ 85261
PROPERTY DESCRIPTION
SOUTHWOOD UNIT 25
BLK 128 PB 26 PG 89
LOT 4
DOR CODE 01 - SINGLE FAMILY RESIDENTIAL
NBHD CODE
01-164.0
LEHIGH ACRES 08-45-27
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 TRADITIONAL
DRIVEWAY DRIVE DRIVEWAY CONC/ASPH
LANDSCAPING LANDSC LANDSCAPING TYPICAL OF NBHD
TOPOGRAPHY TOPOG TOPOGRAPHY SITE FILLED
EXTRA SINK XSI 1.00
HURRICANE SHUTTERS HSHUTT SHUTTERS PANEL & MANUAL
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: 10406854 STRAP: 08-45-27-L2-25128.0040
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