NOT LISTED FOR SALE

1019 SW 48th Terrace Unit 1-2 Cape Coral, FL 33914

Pelican Neighborhood

Estimated Value: $294,691 - $392,000

4 Beds
2 Baths
1,928 Sq Ft
$188/Sq Ft Est. Value

Last Sold October 27, 2020

Last sale price $235,000 $122 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $2,282/month

22 Days on Market

Highlights

  • Boat Dock
  • Patio
  • Central Heating and Cooling System
  • Cape Elementary School Rated A-
  • Tile Flooring
  • Fenced

About This Home

As of October 2020

BRAND NEW ROOF GOING ON SOON! This duplex is located in one of the finest areas of Cape Coral. Located just South of Cape Coral Parkway on a quiet street across from lovely waterfront units. The duplex has been well cared for. Each 2 bedroom, 1 bathroom Unit has a screened lanai in the front and another screened lanai in the fenced back yard. The tenants are in at below market rent. Both air conditioning units are newer, one 2018, one 2020. Screened porches and tiled living areas make this a great rental opportunity or live in one and rent the other!

Last Agent to Sell the Property

Christina Porter

John R. Wood Properties License #252000471 Listed on: 09/04/2020

John R. Wood Properties

Co-Listed By

Patti Porter Martin

ERA Cape Realty License #252000572

Last Buyer's Agent

Marc Senecal

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,981

Year Built

  • Built in 1979

Lot Details

  • 10,803 Sq Ft Lot
  • Lot Dimensions are 135 x 80 x 80 x 135
  • Fenced
  • Sprinkler System

Home Design

  • Duplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,928 Sq Ft Home
  • 1-Story Property
  • Single Hung Windows
  • Tile Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Patio
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, sewer, water
  • Legal Lot and Block 35 / 1698
  • Assessor Parcel Number 15-45-23-C2-01698.0350

Community Details

Overview

  • 2 Units
  • Cape Coral Subdivision

Recreation

  • Boat Dock

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $21,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,981

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.248
  • Lot Size: 135 x 80 x 80 x 135
  • Road Surface Type: Paved
  • Co List Office Mls Id: CCAPE
  • Co List Office Phone: (239) 542-1998
  • Subdivision Name: CAPE CORAL
  • Directions: Cape Coral Pkwy W to SW 11th Ct, go South to SW 48th Ter, go East to duplex at 1019 SW 48th Ter #1-2.
  • Architectural Style: Ranch, One Story
  • Building Stories: 1
  • Structure Type: Duplex
  • Year Built: 1979
  • Property Sub Type Additional: Duplex
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Furnished: Unfurnished
  • Private Spa: No
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Flooring: Tile
  • Window Features: Single Hung

Exterior Features

  • Lot Features: Sprinklers Automatic
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Exterior Features: Fence, Sprinkler/Irrigation, Patio
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Shingle

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Assessment Paid, Public

Condo/Co-op/Association

  • Community Features: Boat Facilities
  • Amenities: None
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 15-45-23-C2-01698.0350
  • Zoning Description: R3-D
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Sewer, Water

Multi Family

  • Number Of Units Total: 2
  • Property Net Operating Income: 21000.0

Tax Info

  • Tax Annual Amount: 2981.0
  • Tax Block: 1698
  • Tax Lot: 35
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2020
Closed on
Oct 23, 2020
Sold by
Lieari Michael and Lieari Laurie
Bought by
Derocker Jeffrey D
Seller's Agent
Christina Porter
John R. Wood Properties
Buyer's Agent
Marc Senecal
List Price
$242,500
Sold Price
$235,000
Premium/Discount to List
-$7,500
-3.09%
Current Estimated Value
$362,673

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,673
Avg. Annual Appreciation
9.07%

Purchase Details

Closed on
Oct 12, 1999
Sold by
Licari Michael J and Licari Laurie A
Bought by
Licari Michael J and Licari Laurie A
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Derocker Jeffrey D $235,000 Attorney
Licari Michael J -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/27/2020 10/27/20 Sold $235,000 -3.1% $122 / Sq Ft
09/27/2020 09/27/20 Pending -- -- --
09/04/2020 09/04/20 For Sale $242,500 0.0% $126 / Sq Ft
11/03/2017 11/03/17 For Rent -- -- --
11/03/2017 11/03/17 Rented -- -- --
Source: Florida Gulf Coast Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,559 $207,100 -- --
2024 $4,316 $188,273 -- --
2023 $4,316 $171,157 $0 $0
2022 $3,738 $156,309 $0 $0
2021 $3,247 $133,684 $41,268 $92,416
2020 $2,994 $117,081 $32,000 $85,081
2019 $2,981 $118,697 $32,000 $86,697
2018 $2,906 $120,326 $32,000 $88,326
2017 $2,738 $112,235 $38,000 $74,235
2016 $2,532 $102,452 $39,006 $63,446
2015 $2,350 $93,205 $16,640 $76,565
2014 $2,192 $85,692 $41,215 $44,477
2013 -- $78,291 $19,755 $58,536
Source: Public Records

Agents Affiliated with this Home

  • Christina Porter

    Seller's Agent in 2020

    Christina Porter

    John R. Wood Properties

    (239) 209-6611

    36 in this area

    140 Total Sales

    Christina Porter
    Section Image

  • P

    Seller Co-Listing Agent in 2020

    Patti Porter Martin

    ERA Cape Realty

  • M

    Buyer's Agent in 2020

    Marc Senecal

  • L

    Seller's Agent in 2017

    Laura Schuette

    Sunshine Rentals & Property Ma

    (239) 541-5570

    2 in this area

    9 Total Sales

    Laura Schuette
    Section Image
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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 220054600

Florida Gulf Coast Multiple Listing Service

APN: 15-45-23-C2-01698.0350

Florida Lee County Cape Coral 33914 Pelican

1019 SW 48th Terrace Unit 1-2, Cape Coral, FL

This home is located at 1019 SW 48th Terrace Unit 1-2, Cape Coral, FL 33914 since 04 September 2020 and is currently estimated at $362,673, approximately $188 per square foot. This property was built in 1979. 1019 SW 48th Terrace Unit 1-2 is a home located in Lee County with nearby schools including Cape Elementary School, Caloosa Elementary School, and Tropic Isles Elementary School.

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Florida Gulf Coast Multiple Listing Service The information is being provided by Southwest Florida Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 Southwest Florida Multiple Listing Service. All Rights Reserved

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