NOT LISTED FOR SALE

1220 SE 40th St Unit 9 Cape Coral, FL 33904

Caloosahatchee Neighborhood

Estimated Value: $171,044 - $239,000

2 Beds
2 Baths
917 Sq Ft
$400/mo HOA Fee

Last Sold September 21, 2023

Last sale price $220,000 $240 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $1,686/month

Highlights

  • Boat Dock
  • Waterfront
  • Community Pool
  • Cape Elementary School Rated A-
  • Canal Access
  • Porch

About This Home

As of September 2023

Remodeled 1st floor unit featuring an open kitchen concept and spacious layout. Enjoy 2 large bedrooms, 2 full bathrooms plus laundry room inside. Buyer can install a boat lift and deed it to the unit. Boat spaces available. Impeccable upgrades include brand new kitchen cabinets, stainless steel appliances, as well as quartz countertops. Elegant stainless steel farm sink. Pristine flooring, ceiling fans, and a walk-in closet in the master bedroom. Luxurious walk-in shower and new bathroom vanity. Relax on the lanai with plexi glass windows or a screen enclosure, just steps away from the community pool overlooking the canal with river and gulf access. Separate laundry room and storage area. Direct river access with only 1 bridge. Small community self managed with low fees cover water, sewer, and community pool. Roof replaced in 2018. Conveniently located near restaurants, entertainment, shopping, bridges, beaches, parks, and RSW airport.

Last Agent to Sell the Property

Ted Stout

Realmark Realty Group II LLC License #274500881 Listed on: 06/01/2023

Last Buyer's Agent

Ted Stout

Realmark Realty Group II LLC License #274500881 Listed on: 06/01/2023

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,587

Year Built

  • Built in 1987

Lot Details

  • Waterfront
  • West Facing Home
  • Zero Lot Line

HOA Fees

  • $400 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Built-Up Roof
  • Stucco

Interior Spaces

  • 917 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Single Hung Windows
  • Sliding Windows
  • Combination Dining and Living Room

Kitchen

  • Breakfast Bar
  • Electric Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Parquet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms
  • Shower Only
  • Separate Shower

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • Driveway
  • Guest Parking
  • Assigned Parking

Outdoor Features

  • Canal Access
  • Screened Patio
  • Porch

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 9 / 4900
  • Assessor Parcel Number 07-45-24-C2-04900.0090

Community Details

Overview

  • Association fees include irrigation water, ground maintenance, pest control, recreation facilities, reserve fund, road maintenance, sewer, trash, water
  • Association Phone (239) 314-8647
  • Low-Rise Condominium
  • Cape Coral Subdivision

Recreation

  • Boat Dock
  • 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

$2,587

Year Built

Built in 1987

Lot Details

0

HOA Fees

$400 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 0.0871
  • Lot Size: 50 x 76 x 50 x 76
  • Road Surface Type: Paved
  • Ownership: Condo
  • Subdivision Name: CAPE CORAL
  • Architectural Style: Other, Low Rise
  • Carport Y N: No
  • Entry Level: 1
  • Garage Yn: No
  • Structure Type: Low Rise
  • Year Built: 1987
  • ResoBuildingAreaSource: Appraiser
  • Property Sub Type Additional: Condominium
  • Association Fee 3 Frequency: Monthly
  • Special Features: VirtualTour

Interior Features

  • Furnished: Unfurnished
  • Private Spa: No
  • Appliances: Dryer, Dishwasher, Electric Cooktop, Disposal, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Parquet, Tile
  • Interior Amenities: Breakfast Bar, Bedroom on Main Level, Living/Dining Room, Shower Only, Separate Shower, Cable TV, Walk-In Closet(s), Split Bedrooms
  • Living Area: 917.0
  • Stories: 1
  • Window Features: Single Hung, Sliding
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Lot Features: Zero Lot Line
  • Pool Features: Community
  • Pool Private: No
  • Waterfront Features: Canal Access
  • Waterfront: Yes
  • Disclosures: RV Restriction(s)
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: West
  • Patio And Porch Features: Porch, Screened
  • Property Condition: Resale
  • Roof: Built-Up, Flat

Garage/Parking

  • Parking Features: Assigned, Driveway, Guest, Paved, One Space

Utilities

  • Laundry Features: Inside
  • Security: None, Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s), 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: Pool
  • Phone: 239-314-8647
  • Association: Yes
  • Pets Allowed: Call, Conditional
  • Common Interest: Condominium
  • HOA Fee 3: 400.0

Fee Information

  • Association Fee Includes: Irrigation Water, Maintenance Grounds, Pest Control, Recreation Facilities, Reserve Fund, Road Maintenance, Sewer, Trash, Water

Lot Info

  • Parcel #: 07-45-24-C2-04900.0090
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 1

Tax Info

  • Tax Annual Amount: 2587.0
  • Tax Block: 4900
  • Tax Lot: 9
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2023
Closed on
Sep 21, 2023
Sold by
James E Ratty Revocable Trust and Manzo Deanna
Bought by
Simpson Christopher Dan
Seller's Agent
Ted Stout
Realmark Realty Group II LLC
Buyer's Agent
Ted Stout
Realmark Realty Group II LLC
List Price
$230,000
Sold Price
$220,000
Premium/Discount to List
-$10,000
-4.35%
Views
238
Current Estimated Value
$206,511

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,489
Avg. Annual Appreciation
-2.97%
Original Mortgage
$195,000
Outstanding Balance
$190,864
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$15,647

Purchase Details

Closed on
Oct 28, 2013
Sold by
Ratty James E
Bought by
Ratty James E and James E Ratty Revocable Trust Agreement

Purchase Details

Closed on
Jun 15, 2010
Sold by
Carullo Arthur
Bought by
Ratty James E

Purchase Details

Closed on
Jun 14, 2010
Sold by
Przespolewski Brooke
Bought by
Ratty James E

Purchase Details

Closed on
Jun 9, 2010
Sold by
Ratty Timothy
Bought by
Ratty James E

Purchase Details

Closed on
Apr 29, 2005
Sold by
Garross Clair E and Garross Kathleen M
Bought by
Ratty Rosanne
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
Simpson Christopher Dan $220,000 Premier Title
Ratty James E -- None Available
Ratty James E -- None Available
Ratty James E -- None Available
Ratty James E -- Attorney
Ratty Rosanne $174,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simpson Christopher Dan $195,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/25/2023 09/25/23 Pending -- -- --
09/21/2023 09/21/23 Sold $220,000 0.0% $240 / Sq Ft
08/15/2023 08/15/23 Price Changed $220,000 -4.3% $240 / Sq Ft
07/28/2023 07/28/23 Pending -- -- --
07/25/2023 07/25/23 For Sale $230,000 0.0% $251 / Sq Ft
07/11/2023 07/11/23 Price Changed $230,000 -3.8% $251 / Sq Ft
07/11/2023 07/11/23 Price Changed $239,000 -2.4% $261 / Sq Ft
06/28/2023 06/28/23 Price Changed $245,000 -7.5% $267 / Sq Ft
06/02/2023 06/02/23 For Sale $265,000 +20.5% $289 / Sq Ft
06/02/2023 06/02/23 Off Market $220,000 -- --
06/01/2023 06/01/23 For Sale $245,000 0.0% $267 / Sq Ft
05/15/2022 05/15/22 For Rent -- -- --
05/15/2022 05/15/22 Rented -- -- --
02/27/2018 02/27/18 For Rent $1,100 +12.8% --
02/27/2018 02/27/18 Rented -- -- --
03/28/2017 03/28/17 For Rent $975 -- --
03/28/2017 03/28/17 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 $2,439 $113,901 -- $113,901
2024 $2,439 $125,881 -- $125,881
2023 $2,960 $108,444 $0 $0
2022 $2,248 $98,585 $0 $0
2021 $1,878 $89,623 $0 $89,623
2020 $1,766 $82,365 $0 $82,365
2019 $1,768 $83,173 $0 $83,173
2018 $1,795 $83,173 $0 $83,173
2017 $416 $34,769 $0 $0
2016 $386 $67,825 $0 $67,825
2015 $366 $58,800 $0 $58,800
2014 -- $62,000 $0 $62,000
2013 -- $35,750 $0 $35,750
Source: Public Records

Agents Affiliated with this Home

  • Ted Stout

    Seller's Agent in 2023

    Ted Stout

    Realmark Realty Group II LLC

    (239) 313-8020

    51 in this area

    554 Total Sales

    Ted Stout
    Section Image

  • D

    Seller's Agent in 2022

    Diane Carr

    Watersedge Realty Group LLC

    (239) 850-2148

    2 in this area

    53 Total Sales

    Diane Carr
    Section Image
  • Steve Manderschied

    Seller Co-Listing Agent in 2022

    Steve Manderschied

    Watersedge Realty Group LLC

    (239) 851-9481

    1 in this area

    190 Total Sales

    Steve Manderschied
    Section Image

  • D

    Buyer's Agent in 2018

    David Naimie

    Coldwell Banker Realty

    Section Image
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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 223041462

Florida Gulf Coast Multiple Listing Service

APN: 07-45-24-C2-04900.0090

Florida Lee County Cape Coral 33904 Caloosahatchee

1220 SE 40th St Unit 9, Cape Coral, FL

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