NOT LISTED FOR SALE

1203 SW 48th Terrace Unit 203 Cape Coral, FL 33914

Pelican Neighborhood

Estimated Value: $198,000 - $243,000

2 Beds
2 Baths
1,308 Sq Ft
5,663 Sq Ft Lot

Last Sold July 07, 2016

Last sale price $91,235 $70 Per Sq Ft

Est. 146% increase in value since last sale

Current estimated payment $1,466/month

40 Days on Market

Highlights

  • Senior Community
  • Community Pool
  • Balcony
  • No HOA
  • Shuffleboard Court
  • Screened Patio

About This Home

As of July 2016

Large 2 bed Condo with 2 bath with over 1,400 sf living area! Great area surrounded by luxury homes. Just off of Cape Coral Parkway, bike or walk to grocery, bus line, banks, drug store, restaurants & Cape Harbor. Spacious living room, sliders to the lanai with stairs that go down to the pool and large open area for entertaining. All rooms are spacious and elegantly lit. This is a second floor unit for added privacy and security. Unit includes one assigned carport plus guest parking. LOW HOA fees. Enjoy the community pool, shuffleboard and pavilion. Grounds are very nicely maintained and professionally managed.

Last Agent to Sell the Property

Michael Lombardo

Old Glory Realty License #896013680 Listed on: 04/27/2016

Last Buyer's Agent

Michael Lombardo

Old Glory Realty License #896013680 Listed on: 04/27/2016

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $375

Year Built

  • Built in 1985

Lot Details

  • South Facing Home

Parking

  • 1 Detached Carport Space

Home Design

  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,308 Sq Ft Home
  • 2-Story Property
  • Single Hung Windows
  • Open Floorplan

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Balcony
  • Courtyard
  • Screened Patio

Utilities

  • Central Heating and Cooling System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 203 / 180A
  • Assessor Parcel Number 15-45-23-C1-0180A.2030

Community Details

Overview

  • Senior Community
  • No Home Owners Association
  • Association fees include insurance, irrigation water, legal/accounting, ground maintenance, pest control, recreation facilities, street lights
  • 14 Units
  • Low-Rise Condominium
  • Coral Keyes Condo Subdivision

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Community Storage Space

Recreation

  • Shuffleboard Court
  • Community Pool

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$375

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 0.13
  • Ownership: Condo
  • Subdivision Name: CORAL KEYES CONDO
  • Directions: TaKe Cape Coral Parkway W left on SW 10th Right on SW 48th Ter look for 1203 SW 48th Ter
  • Architectural Style: Low Rise
  • Carport Y N: Yes
  • Entry Level: 2
  • Garage Yn: No
  • Year Built: 1985
  • ResoBuildingAreaSource: Appraiser
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Private Spa: No
  • Appliances: Dryer, Dishwasher, Microwave, Range, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Carpet, Tile
  • Interior Amenities: Family/Dining Room, Living/Dining Room, Pantry, Tub Shower, Cable TV, High Speed Internet
  • Living Area: 1308.0
  • Stories: 2
  • Window Features: Single Hung
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Lot Features: Irregular Lot
  • Pool Features: Community
  • Pool Private: No
  • View: Landscaped, Partial Buildings
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: South
  • Exterior Features: Courtyard, Patio
  • Patio And Porch Features: Balcony, Patio, Screened
  • Property Condition: Resale
  • Roof: Shingle

Garage/Parking

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

Utilities

  • Laundry Features: Inside
  • Security: Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Condo Hotel Community
  • Senior Community: Yes
  • Amenities: Barbecue, Picnic Area, Pool, Shuffleboard Court, Storage
  • Association: No
  • Pets Allowed: Call, Conditional
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Insurance, Irrigation Water, Legal/Accounting, Maintenance Grounds, Pest Control, Recreation Facilities, Street Lights

Lot Info

  • Parcel #: 15-45-23-C1-0180A.2030
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 14

Tax Info

  • Tax Annual Amount: 375.0
  • Tax Block: 180A
  • Tax Lot: 203
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2016
Closed on
Jul 7, 2016
Sold by
Regal Joanna Corrozza
Bought by
Olesky Robert and Olesky Patricia
Seller's Agent
Michael Lombardo
Old Glory Realty
Buyer's Agent
Michael Lombardo
Old Glory Realty
List Price
$88,000
Sold Price
$91,235
Premium/Discount to List
$3,235
3.68%
Current Estimated Value
$224,872

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,637
Avg. Annual Appreciation
10.37%
Original Mortgage
$63,864
Outstanding Balance
$51,289
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$173,583

Purchase Details

Closed on
Jan 24, 2000
Sold by
Good Michelene D
Bought by
Regal Joanna Carrozza

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,650
Interest Rate
7.87%

Purchase Details

Closed on
Mar 29, 1999
Sold by
Deren John and Deren Linda
Bought by
Good Michelene D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,250
Interest Rate
6.85%
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
Olesky Robert $91,300 Title Junction Llc
Regal Joanna Carrozza $59,500 --
Good Michelene D $55,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olesky Robert $63,864
Previous Owner Regal Joanna C $64,200
Previous Owner Regal Joanna Carrozza $20,000
Previous Owner Regal Joanna Carrozza $10,000
Previous Owner Regal Joanna C $42,800
Previous Owner Regal Joanna Carrozza $41,650
Previous Owner Good Michelene D $52,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2016 07/07/16 Sold $91,235 +3.7% $70 / Sq Ft
06/07/2016 06/07/16 Pending -- -- --
04/27/2016 04/27/16 For Sale $88,000 -- $67 / 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
2024 $2,885 $150,207 -- --
2023 $2,885 $136,552 $0 $0
2022 $2,488 $124,138 $0 $0
2021 $2,332 $125,913 $0 $125,913
2020 $2,207 $114,665 $0 $114,665
2019 $2,093 $115,473 $0 $115,473
2018 $1,814 $84,788 $0 $84,788
2017 $1,815 $83,980 $0 $83,980
2016 $399 $75,452 $0 $75,452
2015 $375 $57,900 $0 $57,900
2014 $315 $64,700 $0 $64,700
2013 -- $60,500 $0 $60,500
Source: Public Records

Agents Affiliated with this Home

  • Michael Lombardo

    Seller's Agent in 2016

    Michael Lombardo

    Old Glory Realty

    (239) 898-3445

    24 in this area

    258 Total Sales

    Michael Lombardo
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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 216029665

Florida Gulf Coast Multiple Listing Service

APN: 15-45-23-C1-0180A.2030

Florida Lee County Cape Coral 33914 Pelican

1203 SW 48th Terrace Unit 203, Cape Coral, FL

This home is located at 1203 SW 48th Terrace Unit 203, Cape Coral, FL 33914 since 27 April 2016 and is currently estimated at $224,872, approximately $171 per square foot. This property was built in 1985. 1203 SW 48th Terrace Unit 203 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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