NOT LISTED FOR SALE

1114 SW 48th Terrace Unit 202 Cape Coral, FL 33914

Pelican Neighborhood

Estimated Value: $211,000 - $300,000

2 Beds
2 Baths
1,396 Sq Ft
2,692 Sq Ft Lot

Last Sold January 21, 2022

Last sale price $285,000 $204 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $1,688/month

33 Days on Market

Highlights

  • Boat Dock
  • Home fronts a seawall
  • Canal View
  • Cape Elementary School Rated A-
  • Canal Access
  • Furnished

About This Home

As of January 2022

This beautiful waterfront condo with awesome location sits right on a nice canal with sailboat access and has a stunning view onto an adjacent canal intersection. The apartment has an especially bright and open feel and a lot of natural light as well a water view out of almost every window. The apartment features 2 bedrooms, as well as two bathrooms, as well as a spacious dining and living-room area. This is your chance of owning a piece of paradise!

Last Agent to Sell the Property

Frank Allraun

Royal Shell Real Estate, Inc. License #258019390 Listed on: 12/15/2021

Royal Shell Real Estate, Inc.

Last Buyer's Agent

Julie Woods

John R. Wood Properties License #258031395

John R. Wood Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,255

Year Built

  • Built in 1986

Lot Details

  • Home fronts a seawall
  • Home fronts a canal
  • North Facing Home
  • Sprinkler System

Parking

  • 1 Detached Carport Space

Home Design

  • Entry on the 2nd floor
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,396 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Single Hung Windows
  • Combination Dining and Living Room
  • Canal Views

Kitchen

  • Eat-In Kitchen
  • Electric Cooktop
  • Microwave
  • Ice Maker
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms
  • Shower Only
  • Separate Shower

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Canal Access
  • Screened Patio
  • Porch

Utilities

  • Central Heating and Cooling System
  • Sewer Assessments
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 202 / 40B
  • Assessor Parcel Number 15-45-23-C2-0040B.2020

Community Details

Overview

  • No Home Owners Association
  • Association fees include management, irrigation water, pest control, reserve fund, trash, water
  • 10 Units
  • Southern Breeze Condo Subdivision

Recreation

  • Boat Dock
  • Community Pool

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,255

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 0.0618
  • Ownership: Condo
  • Subdivision Name: SOUTHERN BREEZE CONDO
  • Architectural Style: Two Story, Low Rise
  • Carport Y N: Yes
  • Entry Level: 2
  • Garage Yn: No
  • Unit Levels: Two
  • Building Stories: 2
  • Structure Type: Low Rise
  • Year Built: 1986
  • ResoBuildingAreaSource: Appraiser
  • Property Sub Type Additional: Condominium
  • Special Features: None
  • Stories: 2

Interior Features

  • Furnished: Furnished
  • Private Spa: No
  • Appliances: Dryer, Electric Cooktop, Disposal, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Carpet, Tile
  • Interior Amenities: Eat-in Kitchen, Living/Dining Room, Shower Only, Separate Shower, Cable TV, Split Bedrooms
  • Living Area: 1396.0
  • Stories: 2
  • Window Features: Single Hung
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Lot Features: Oversized Lot, Sprinklers Automatic
  • Pool Features: Community
  • Pool Private: No
  • View: Canal, Water
  • View: Yes
  • Waterfront Features: Canal Access, Intersecting Canal, Seawall
  • Waterfront: Yes
  • Disclosures: Foreign Seller, RV Restriction(s)
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: North
  • Exterior Features: Sprinkler/Irrigation
  • Patio And Porch Features: Porch, Screened
  • Property Condition: Resale
  • Roof: Shingle

Garage/Parking

  • Carport Spaces: 1.0
  • Covered Parking Spaces: 1.0
  • Parking Features: Covered, Detached Carport

Utilities

  • Security: Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Assessment Paid
  • Water Source: Assessment Paid

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Amenities: Boat Dock, Pool
  • Association: No
  • Pets Allowed: No
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Association Management, Irrigation Water, Pest Control, Reserve Fund, Trash, Water

Lot Info

  • Parcel #: 15-45-23-C2-0040B.2020
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 10

Tax Info

  • Tax Annual Amount: 3255.0
  • Tax Block: 40B
  • Tax Lot: 202
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2021
Closed on
Jan 21, 2022
Sold by
Ulrich Molzahn
Bought by
Savage Paul K and Savage Rita A
Seller's Agent
Frank Allraun
Royal Shell Real Estate, Inc.
Buyer's Agent
Julie Woods
John R. Wood Properties
List Price
$289,900
Sold Price
$285,000
Premium/Discount to List
-$4,900
-1.69%
Current Estimated Value
$255,269

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$29,731
Avg. Annual Appreciation
-2.89%
Original Mortgage
$228,000
Outstanding Balance
$210,431
Interest Rate
3.22%
Mortgage Type
New Conventional
Estimated Equity
$44,838

Purchase Details

Closed on
May 7, 2019
Sold by
Molzahn Ulrich
Bought by
Molzahn Ulrich

Purchase Details

Closed on
Oct 19, 1999
Sold by
Molzahn Ulrich
Bought by
Molzahn Ulrich and Molzahn Matthias
Source: Public Records

Range of Values:

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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
Savage Paul K $285,000 Elite Title
Molzahn Ulrich -- Attorney
Molzahn Ulrich -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Savage Paul K $228,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/21/2022 01/21/22 Sold $285,000 -1.7% $204 / Sq Ft
01/18/2022 01/18/22 Pending -- -- --
12/15/2021 12/15/21 For Sale $289,900 -- $208 / Sq Ft
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 $4,197 $180,961 -- $180,961
2024 $4,641 $236,216 -- $236,216
2023 $4,641 $262,072 $0 $263,375
2022 $3,485 $183,377 $0 $0
2021 $3,288 $177,177 $0 $177,177
2020 $3,255 $182,495 $0 $182,495
2019 $3,084 $183,303 $0 $183,303
2018 $2,713 $142,120 $0 $142,120
2017 $2,610 $142,928 $0 $142,928
2016 $2,404 $127,505 $0 $127,505
2015 $2,429 $139,500 $0 $139,500
2014 -- $85,900 $0 $85,900
2013 -- $79,800 $0 $79,800
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2022

    Frank Allraun

    Royal Shell Real Estate, Inc.

    (239) 321-9495

    4 in this area

    11 Total Sales

    Frank Allraun
    Section Image
  • Julie Woods

    Buyer's Agent in 2022

    Julie Woods

    John R. Wood Properties

    (314) 359-0042

    2 in this area

    61 Total Sales

    Julie Woods
    Section Image
See All Agents

Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 221086606

Florida Gulf Coast Multiple Listing Service

APN: 15-45-23-C2-0040B.2020

Florida Lee County Cape Coral 33914 Pelican

1114 SW 48th Terrace Unit 202, Cape Coral, FL

This home is located at 1114 SW 48th Terrace Unit 202, Cape Coral, FL 33914 since 15 December 2021 and is currently estimated at $255,269, approximately $182 per square foot. This property was built in 1986. 1114 SW 48th Terrace Unit 202 is a home located in Lee County with nearby schools including Cape Elementary School, Caloosa Elementary School, and Hancock Creek 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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