NOT LISTED FOR SALE

1207 SE 40th Terrace Cape Coral, FL 33904

Caloosahatchee Neighborhood

Estimated Value: $399,452 - $594,000

2 Beds
1.5 Baths
1,064 Sq Ft
$471/Sq Ft Est. Value

Last Sold May 04, 2018

Last sale price $290,000 $273 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $3,098/month

Highlights

  • Boat Dock
  • Home fronts a seawall
  • Canal View
  • Cape Elementary School Rated A-
  • Canal Access
  • 4-minute walk to Veterans Park

About This Home

As of September 2022

SHORT TERM RENTAL.... Calling all boaters! Looking for a temporary rental (only available through October 31, 2022), complete with private backyard dock for up to a 21 ft boat, and a very short (only one bridge) trip out to open water? This is it! This fully furnished 2 bed, 1 1/2 bath duplex, with huge screened lanai, is waiting for its next SW Florida loving residents! Includes WiFi, lawncare, up to $175 paid utilities, and boat dock with easy access to the Gulf. Owner lives next door, so no worries about absentee landlords with this one! Are you one of the many Cape Coral residents waiting longer than expected for your new house to be built in this crazy busy market? Do you just want to enjoy living here in the Sunshine State during the warmest time of the year to see if you want to become another one of our permanent residents? Whatever your needs may be, this is the perfect place to call your home until the rush of season begins again! Don't let this one get away! Schedule a private showing to see if this could be where you get to fully enjoy the SW Florida waterfront lifestyle for a few months! (*NO pets; NO smoking; NOT available Jan-Apr 2023)

Last Agent to Rent the Property

Heidi Christian

Nexthome South Pointe License #258027009 Listed on: 04/14/2022

Nexthome South Pointe

Last Renter's Agent

Heidi Christian

Nexthome South Pointe License #258027009 Listed on: 04/14/2022

Nexthome South Pointe

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,722

Year Built

  • Built in 1971

Lot Details

  • 10,019 Sq Ft Lot
  • Home fronts a seawall
  • South Facing Home

Parking

  • Driveway

Home Design

  • Duplex

Interior Spaces

  • 1,064 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • Tile Flooring
  • Canal Views
  • Fire and Smoke Detector

Kitchen

  • Range
  • Microwave
  • Freezer

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Canal Access
  • Screened Patio
  • Porch

Utilities

  • Central Heating and Cooling System
  • High Speed Internet

Listing and Financial Details

  • Tenant pays for credit check, electricity
  • The owner pays for electricity, grounds care, internet, trash collection, water
  • Legal Lot and Block 41 / 312
  • Assessor Parcel Number 07-45-24-C2-00312.0410

Community Details

Overview

  • 2 Units
  • Cape Coral Subdivision

Recreation

  • Boat Dock

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,722

Year Built

Built in 1971

Lot Details

0

Rental Info

  • Tenant Pays: Credit Check, Electricity

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Lease
  • Lot Size Acres: 0.23
  • Subdivision Name: CAPE CORAL
  • Directions: Del Prado Blvd S to Coronado Pkwy to SE 40 Ter. Duplex is 2nd to last property on the right.
  • Architectural Style: Duplex
  • Carport Y N: No
  • Garage Yn: No
  • Structure Type: Duplex
  • Year Built: 1971
  • ResoBuildingAreaSource: Appraiser
  • Property Sub Type Additional: Duplex
  • Special Features: None

Interior Features

  • Furnished: Furnished
  • Private Spa: No
  • Appliances: Dryer, Freezer, Microwave, Range, Refrigerator, Washer
  • Owner Pays: Electricity, Grounds Care, Internet, Trash Collection, Water
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Tile
  • Interior Amenities: High Speed Internet, Split Bedrooms
  • Living Area: 1064.0
  • Stories: 1
  • Window Features: Window Coverings
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Pool Private: No
  • View: Canal
  • View: Yes
  • Waterfront Features: Canal Access, Seawall
  • Waterfront: Yes
  • Construction Type: Block, Concrete
  • Direction Faces: South
  • Patio And Porch Features: Porch, Screened

Garage/Parking

  • Parking Features: Driveway, Paved

Utilities

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

Condo/Co-op/Association

  • Community Features: Boat Facilities, Non-Gated
  • Pets Allowed: No

Lot Info

  • Parcel #: 07-45-24-C2-00312.0410
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 2

Tax Info

  • Tax Block: 312
  • Tax Lot: 41

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2018
Closed on
May 4, 2018
Sold by
White Dove Investments Llc
Bought by
Mcinerney Karen M
Seller's Agent
Maria Schmidt
Rossman Realty Group Inc
Buyer's Agent
Jay LaGace
EXP Realty LLC
List Price
$329,000
Sold Price
$290,000
Premium/Discount to List
-$39,000
-11.85%
Current Estimated Value
$500,863

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$210,863
Avg. Annual Appreciation
7.57%
Original Mortgage
$203,000
Outstanding Balance
$174,790
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$326,073

Purchase Details

Closed on
Feb 15, 2012
Sold by
Rebstock Frederick J and Rebstock Mary M
Bought by
White Dove Investments Llc

Purchase Details

Closed on
Mar 31, 1999
Sold by
City Cape Coral
Bought by
Rebstock Frederick J and Rebstock Mary M

Purchase Details

Closed on
Dec 29, 1998
Sold by
Ridsdill William G and Ridsdill Betty
Bought by
Rebstock Frederick J and Rebstock Mary M
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
Mcinerney Karen M $290,000 Landsel Title Agency Inc
White Dove Investments Llc $165,000 First Priority Title Llc
Rebstock Frederick J -- --
Rebstock Frederick J $107,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcinerney Karen M $203,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/25/2022 09/25/22 Rented -- -- --
08/26/2022 08/26/22 Under Contract -- -- --
04/14/2022 04/14/22 For Rent $2,500 -99.1% --
11/01/2019 11/01/19 Rented -- -- --
10/02/2019 10/02/19 Under Contract -- -- --
09/16/2019 09/16/19 For Rent -- -- --
08/20/2018 08/20/18 For Rent -- -- --
08/20/2018 08/20/18 Rented -- -- --
05/04/2018 05/04/18 Sold $290,000 -11.9% $273 / Sq Ft View Prior Sale
05/04/2018 05/04/18 Pending -- -- --
03/03/2018 03/03/18 For Sale $329,000 -- $309 / 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 $5,722 $338,412 -- --
2024 $5,480 $316,742 -- --
2023 $5,480 $299,957 $0 $0
2022 $5,218 $281,141 $0 $0
2021 $4,817 $286,083 $118,421 $167,662
2020 $4,766 $254,356 $102,000 $152,356
2019 $4,682 $251,939 $102,000 $149,939
2018 $4,948 $234,186 $102,000 $132,186
2017 $4,678 $222,876 $96,500 $126,376
2016 $4,263 $194,475 $106,837 $87,638
2015 $4,004 $181,207 $89,901 $91,306
2014 $3,615 $146,791 $81,039 $65,752
2013 -- $140,590 $79,157 $61,433
Source: Public Records

Agents Affiliated with this Home

  • H

    Landlord's Agent in 2022

    Heidi Christian

    Nexthome South Pointe

    (863) 381-1483

    63 Total Sales

    Heidi Christian
    Section Image

  • J

    Seller's Agent in 2019

    Jay LaGace

    EXP Realty LLC

  • M

    Seller's Agent in 2018

    Maria Schmidt

    Rossman Realty Group Inc

    (239) 994-4197

    1 in this area

    31 Total Sales

    Maria Schmidt
    Section Image

  • C

    Seller Co-Listing Agent in 2018

    Christine Schumann

    Rossman Realty Group Inc

    (239) 340-5302

    6 in this area

    56 Total Sales

    Christine Schumann
    Section Image
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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 222028207

Florida Gulf Coast Multiple Listing Service

APN: 07-45-24-C2-00312.0410

Florida Lee County Cape Coral 33904 Caloosahatchee

1207 SE 40th Terrace, Cape Coral, FL

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