NOT LISTED FOR SALE

1310 SE 40th Terrace Unit 1-2 Cape Coral, FL 33904

Caloosahatchee Neighborhood

Estimated Value: $391,383 - $408,000

4 Beds
4 Baths
2,246 Sq Ft
$177/Sq Ft Est. Value

Last Sold September 30, 2015

Last sale price $162,500 $72 Per Sq Ft

Est. 149% increase in value since last sale

Current estimated payment $2,567/month

132 Days on Market

Highlights

  • Shops
  • Tile Flooring
  • Rectangular Lot
  • Cape Elementary School Rated A-
  • Central Heating and Cooling System
  • 3-minute walk to Veterans Park

About This Home

As of September 2015

Remodeled duplex. Entire duplex (inside and out) is painted, has new raised panel doors, new light fixtures and fans, and is tiled, with large neutral tile on the diagonal. Left side has a new kitchen of white raised panel cabinets, new A/C unit, one bath completely remodeled, one partially remodeled. Right side has a newer water heater, updated A/C unit, one bathroom completely remodeled and one partially. Great location and across from waterfront homes. Circle drive and plenty of parking. Left side has an enclosed porch and right side has an under cover lanai. Laundry room off kitchen in both units. Currently rented on both sides. Income is $19,400 a year which is over a 10% ROI based on the asking price.

Last Agent to Sell the Property

Judy Ramage

RE/MAX Trend License #258002030 Listed on: 04/20/2015

RE/MAX Trend

Last Buyer's Agent

Doug Stokes

Re/Max Sunshine License #252012991

Re/Max Sunshine

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,281

Year Built

  • Built in 1964

Lot Details

  • 10,001 Sq Ft Lot
  • Lot Dimensions are 80 x 125 x 80 x 125
  • Rectangular Lot

Home Design

  • Duplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,246 Sq Ft Home
  • 1-Story Property
  • Single Hung Windows
  • Sliding Windows

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Central Heating and Cooling System
  • Sewer Assessments

Listing and Financial Details

  • Tenant pays for cable TV, water
  • Legal Lot and Block 5 / 313
  • Assessor Parcel Number 07-45-24-C2-00313.0050

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • Cape Coral Subdivision
  • Shops

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,281

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2296
  • Lot Size: 80 x 125 x 80 x 125
  • Subdivision Name: CAPE CORAL
  • Directions: Del Prado to west on Coronado to immediate right on 40th ter. Duplex down the street on the left/
  • Architectural Style: Ranch, One Story
  • Building Stories: 1
  • Structure Type: Duplex
  • Year Built: 1964
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Stories: 1

Interior Features

  • Private Spa: No
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Flooring: Carpet, Tile
  • Window Features: Single Hung, Sliding

Exterior Features

  • Lot Features: Rectangular Lot
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Exterior Features: Room For Pool
  • Property Condition: Resale
  • Roof: Shingle

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Assessment Paid, Public Sewer
  • Water Source: Assessment Paid, Public

Condo/Co-op/Association

  • Community Features: Non-Gated, Shopping
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 07-45-24-C2-00313.0050
  • Zoning Description: R3-D
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Cable TV, Water

Multi Family

  • Number Of Units Total: 1

Tax Info

  • Tax Annual Amount: 2281.0
  • Tax Block: 313
  • Tax Lot: 5
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 2025
Sold by
1310 Se 40Th Terrace Llc
Bought by
Peiro Michael
Current Estimated Value
$404,126

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,200
Outstanding Balance
$317,351
Interest Rate
7.04%
Mortgage Type
New Conventional
Estimated Equity
$80,495

Purchase Details

Closed on
Nov 13, 2024
Sold by
Estremera Juan
Bought by
1310 Se 40Th Terrace Llc

Purchase Details

Closed on
Sep 10, 2018
Sold by
J N E Enterprises Inc
Bought by
Estremera Juan

Purchase Details

Listed on
Apr 20, 2015
Closed on
Sep 30, 2015
Sold by
Jeffs Lawn Service & Snow Removal Inc
Bought by
J N E Enterprises Inc
Seller's Agent
Judy Ramage
RE/MAX Trend
Buyer's Agent
Doug Stokes
Re/Max Sunshine
List Price
$189,000
Sold Price
$162,500
Premium/Discount to List
-$26,500
-14.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.27%

Purchase Details

Closed on
Jul 31, 2013
Sold by
Fannie Mae
Bought by
Jeffs Lawn Service And Snow Removal Inc

Purchase Details

Closed on
May 2, 2013
Sold by
Dimarco Andre
Bought by
Federal National Mortgage Association
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Peiro Michael $399,000 None Listed On Document
1310 Se 40Th Terrace Llc $100 None Listed On Document
1310 Se 40Th Terrace Llc $100 None Listed On Document
Estremera Juan -- Integrity Title & Document S
J N E Enterprises Inc $162,500 Realty Title Solutions Lllp
Jeffs Lawn Service And Snow Removal Inc $87,600 Attorney
Federal National Mortgage Association -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peiro Michael $319,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2015 09/30/15 Sold $162,500 -14.0% $72 / Sq Ft
08/31/2015 08/31/15 Pending -- -- --
04/20/2015 04/20/15 For Sale $189,000 -- $84 / 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 $5,420 $300,246 $108,205 $176,324
2024 $5,420 $234,604 -- --
2023 $4,828 $213,276 $0 $0
2022 $4,453 $194,548 $0 $0
2021 $3,838 $170,173 $40,000 $130,173
2020 $3,621 $151,003 $40,000 $111,003
2019 $3,551 $149,391 $40,000 $109,391
2018 $3,400 $138,890 $40,000 $98,890
2017 $3,257 $135,652 $20,000 $115,652
2016 $2,956 $116,332 $20,000 $96,332
2015 $2,488 $95,995 $15,300 $80,695
2014 -- $82,797 $13,700 $69,097
2013 -- $68,101 $9,800 $58,301
Source: Public Records

Agents Affiliated with this Home

  • Judy Ramage

    Seller's Agent in 2015

    Judy Ramage

    RE/MAX

    (239) 910-3443

    22 in this area

    86 Total Sales

    Judy Ramage
    Section Image
  • Doug Stokes

    Buyer's Agent in 2015

    Doug Stokes

    Re/Max Sunshine

    (239) 603-1551

    26 in this area

    148 Total Sales

    Doug Stokes
    Section Image
See All Agents

Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 215024945

Florida Gulf Coast Multiple Listing Service

APN: 07-45-24-C2-00313.0050

Florida Lee County Cape Coral 33904 Caloosahatchee

1310 SE 40th Terrace Unit 1-2, Cape Coral, FL

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