118 SE 38th Terrace Cape Coral, FL 33904
Bimini Basin Neighborhood
3
Beds
2
Baths
1,764
Sq Ft
10,019
Sq Ft Lot
Highlights
- Home fronts a seawall
- Concrete Pool
- Canal View
- Cape Elementary School Rated A-
- Canal Access
- Fruit Trees
About This Home
As of February 2025NEW STAINLESS APPLIANCES GOING TO BE INSTALLED BY MID JANUARY INCLUDES FRIDGE,WALL OVEN,COOKTOP AND DISHWASHER.......
Southern exposure open floor plan with split bedrooms, large lanai with new pool cage with large panoramic screen for much improved water views and more of an open feeling. New roof and new air conditioner, new HWH and new tile and tub in guest bathroom. Master has separate tub and shower with pool access, large open kitchen with lots of cabinets. Home has been used regularly as a vacation rental for many years comes turnkey, pool is heated electric, and pool is oversized, boat lift is 12,000lb with Trex deck and high-speed motors on lift controls. Plus, the davits are fully functioning as well. Mature landscaping with large mature Royal palms both at the front and rear of the house. Fruit trees, such as mango. Rear sliders have accordion shutters. Just one bridge to the river 8.5ft and basically a straight shot to get out.
Last Agent to Sell the Property
Priceless Realty, Inc. License #258003791 Listed on: 05/14/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,393
Year Built
- Built in 1979
Lot Details
- 10,019 Sq Ft Lot
- Lot Dimensions are 80 x 125 x 80 x 125
- Home fronts a seawall
- Home fronts navigable water
- North Facing Home
- Rectangular Lot
- Sprinkler System
- Fruit Trees
- Property is zoned R1-W
Parking
- 2 Car Attached Garage
- Garage Door Opener
Home Design
- Shingle Roof
- Stone Siding
Interior Spaces
- 1,764 Sq Ft Home
- 1-Story Property
- Furnished
- Vaulted Ceiling
- Ceiling Fan
- Shutters
- Display Windows
- French Doors
- Great Room
- Combination Dining and Living Room
- Screened Porch
- Canal Views
- Fire and Smoke Detector
Kitchen
- Range
- Microwave
- Dishwasher
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Split Bedroom Floorplan
- 2 Full Bathrooms
- Dual Sinks
- Bathtub
- Separate Shower
Laundry
- Laundry in Garage
- Dryer
- Washer
Pool
- Concrete Pool
- Heated In Ground Pool
- Outdoor Shower
- Outside Bathroom Access
- Screen Enclosure
- Pool Equipment or Cover
Outdoor Features
- Canal Access
- Screened Patio
Utilities
- Central Heating and Cooling System
- Sewer Assessments
- Cable TV Available
Community Details
- No Home Owners Association
- Cape Coral Subdivision
Listing and Financial Details
- Legal Lot and Block 47 / 852
- Assessor Parcel Number 01-45-23-C4-00852.0470
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 14, 2024
Closed on
Feb 25, 2025
Sold by
Nicholson Jeffrey G and Nicholson Roxana S
Bought by
Mackey Brian A and Mackey Deborah M
Seller's Agent
Adrian Waring Pa
Priceless Realty, Inc.
Buyer's Agent
Pat Sylvester
Real Broker, LLC
List Price
$599,000
Sold Price
$550,000
Premium/Discount to List
-$49,000
-8.18%
Total Days on Market
288
Views
52
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,683
Avg. Annual Appreciation
0.29%
Original Mortgage
$412,500
Outstanding Balance
$412,165
Interest Rate
7.04%
Mortgage Type
New Conventional
Estimated Equity
$138,467
Purchase Details
Closed on
Jul 25, 2015
Sold by
Nicholson Jeffrey G and Nicholson Roxana S
Bought by
Jeffrey G & Roxana S Nicholson Revocable
Purchase Details
Closed on
May 27, 2011
Sold by
Florida Gulf Bank
Bought by
Nicholson Jeffrey G and Nicholson Roxana S
Purchase Details
Closed on
Feb 25, 2011
Sold by
Fessel Richard C
Bought by
Florida Gulf Bank
Purchase Details
Closed on
Feb 23, 1996
Sold by
Jacobson Oliver R and Jacobson Jeane M
Bought by
Fessel Richard and Fessel Jennifer
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
6.97%
Similar Homes in Cape Coral, FL
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $550,000 | Omega National Title | |
| Interfamily Deed Transfer | -- | Attorney | |
| Warranty Deed | $184,500 | Attorney | |
| Trustee Deed | $141,100 | None Available | |
| Warranty Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $412,500 | New Conventional | |
| Previous Owner | $370,000 | Unknown | |
| Previous Owner | $70,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/27/2025 02/27/25 | Sold | $550,000 | 0.0% | $312 / Sq Ft |
| 02/27/2025 02/27/25 | Pending | -- | -- | -- |
| 12/25/2024 12/25/24 | Price Changed | $550,000 | -4.3% | $312 / Sq Ft |
| 12/12/2024 12/12/24 | Price Changed | $575,000 | -4.0% | $326 / Sq Ft |
| 10/25/2024 10/25/24 | Pending | -- | -- | -- |
| 09/27/2024 09/27/24 | For Sale | $599,000 | 0.0% | $340 / Sq Ft |
| 07/08/2024 07/08/24 | Price Changed | $599,000 | -5.7% | $340 / Sq Ft |
| 06/11/2024 06/11/24 | Price Changed | $635,000 | -2.3% | $360 / Sq Ft |
| 05/14/2024 05/14/24 | For Sale | $650,000 | -- | $368 / Sq Ft |
Source: Florida Gulf Coast Multiple Listing Service
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $7,358 | $393,324 | -- | -- |
| 2023 | $7,393 | $357,567 | $0 | $0 |
| 2022 | $6,440 | $325,061 | $0 | $0 |
| 2021 | $5,709 | $295,510 | $100,106 | $195,404 |
| 2020 | $5,427 | $268,895 | $78,000 | $190,895 |
| 2019 | $5,337 | $265,660 | $88,200 | $177,460 |
| 2018 | $5,102 | $247,086 | $84,000 | $163,086 |
| 2017 | $4,996 | $236,596 | $80,000 | $156,596 |
| 2016 | $4,749 | $222,398 | $83,187 | $139,211 |
| 2015 | $4,707 | $215,487 | $80,222 | $135,265 |
| 2014 | -- | $214,998 | $53,699 | $161,299 |
| 2013 | -- | $199,589 | $51,639 | $147,950 |
Source: Public Records
Agents Affiliated with this Home
-
Adrian Waring Pa
A
Seller's Agent in 2025
Adrian Waring Pa
Priceless Realty, Inc.
(239) 281-5612
13 in this area
159 Total Sales
-
Pat Sylvester
Buyer's Agent in 2025
Pat Sylvester
Real Broker, LLC
(239) 671-1062
1 in this area
24 Total Sales
Map
Source: Florida Gulf Coast Multiple Listing Service
MLS Number: 224043321
APN: 01-45-23-C4-00852.0470
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