NOT LISTED FOR SALE

1327 SE 40th Terrace Cape Coral, FL 33904

Caloosahatchee Neighborhood

Estimated Value: $299,000 - $435,000

4 Beds
4 Baths
1,086 Sq Ft
$344/Sq Ft Est. Value

Last Sold September 30, 2021

Last sale price $459,000 $423 Per Sq Ft

Est. 19% decrease in value since last sale

Current estimated payment $2,518/month

Highlights

  • Dock Available
  • Boat Lift
  • Room in yard for a pool
  • Cape Elementary School Rated A-
  • Home fronts a canal
  • 3-minute walk to Veterans Park

About This Home

As of September 2021

GULF ACCESS DUPLEX! This well cared for property has been owned by 2 family members for nearly 30 years and they never rented it. Well maintained. Deeded separately, but will be sold concurrently. Each side has been upgraded with new kitchen cabinets, appliances, bathroom vanities and each feature 2 bedrooms, 2 bathrooms, and an interior laundry room. Unit 1327 also has large updated tile floors. Both AC units were replaced in 2015 and both water heaters are roughly 5 years old. The boat dock is on unit 1325 side, but there is space for another boat dock on 1327. CONVENIENTLY LOCATED 1.5 miles from the Cape Coral Bridge and 1 mile to the river by boat!

Last Agent to Sell the Property

Stacey Reed

DomainRealty.com LLC License #BEAR-3106809 Listed on: 08/09/2021

DomainRealty.com LLC

Last Buyer's Agent

Jordan Reppell

INACTIVE AGENT ACCT License #NAPLES-249525248

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,432

Year Built

  • Built in 1968

Lot Details

  • 5,009 Sq Ft Lot
  • Lot Dimensions: 82
  • Home fronts a canal

Home Design

  • Duplex
  • Brick Exterior Construction
  • Shingle Roof
  • Stucco

Interior Spaces

  • Single Hung Windows
  • Tile Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Outdoor Features

  • Room in yard for a pool
  • Fixed Bridges
  • Boat Lift
  • Dock Available

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for application fee
  • Assessor Parcel Number 07-45-24-C2-00312.0250
  • Tax Block 312

Community Details

Overview

  • 2 Units
  • Cape Coral Condos

Recreation

  • Gulf Boat Access

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,432

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Legal Description: CAPE CORAL UNIT 7 BLK.312 PB 12 PG 123 LOT 25 1/2DUP+OR2603/2504
  • Property Type: Residential Income
  • Table: Residential Income
  • Street View Param: 1$26.577093$-81.946281$14.32$13.33$1.00$qSWTYJH8JdyWlk4toRZLWQ
  • Building Design: Duplex
  • Building Description: Duplex
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 4
  • Total Bathrooms: 4.00
  • Total Bedrooms: 4
  • Flooring: Tile
  • Windows: Single Hung

Exterior Features

  • Gulf Access: Yes
  • Private Pool: No
  • Private Spa: No
  • Roof: Shingle
  • Canal Width: 81-120
  • Construction: Concrete Block
  • Gulf Access Type: Bridge(s)/Water Indirect
  • Boat Access: Boat Lift, Dock Included
  • Irrigation: Reclaimed
  • Exterior Features: Room for Pool
  • Exterior Finish: Brick, Stucco
  • Waterfront Type: Canal

Utilities

  • Cable Available: Yes
  • Cooling: Central Electric
  • Heat: Central Electric
  • Sewer: Central
  • Water: Central

Association/Amenities

  • Pets: No Approval Needed
  • Development: Cape Coral
  • Community Type: Non-Gated
  • Units In Building: 2

Condo/Co-op/Association

  • Sub Condo Name: CAPE CORAL

Lot Info

  • Lot Back: 82
  • Lot Frontage: 82
  • Lot Left: 125
  • Lot Right: 125
  • Lot Unit: 25
  • Section: 7
  • Waterfront: Yes
  • Zoning Code: R3-W
  • Acres: 0.1150
  • Lot Description: Regular
  • Lot Dimensions: 82 X 125
  • Parcel Number: 07-45-24-C2-00312.0250

Rental Info

  • Tenant Pays: Application Fee

Tax Info

  • Tax Description: City And County
  • Taxes: 2432.00

Multi Family

  • Unit Count: 2
  • Total Buildings: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2021
Closed on
Sep 10, 2021
Sold by
Comella James
Bought by
Graizzaro Bruno and Graizzaro Joann
Seller's Agent
Stacey Reed
DomainRealty.com LLC
Buyer's Agent
Jordan Reppell
INACTIVE AGENT ACCT
List Price
$459,000
Sold Price
$459,000
Current Estimated Value
$373,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$85,333
Avg. Annual Appreciation
-4.92%
Original Mortgage
$183,600
Outstanding Balance
$167,062
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$206,605

Purchase Details

Closed on
Mar 24, 2005
Sold by
Commella James
Bought by
Mendolera James J and Mendolera Anthony T
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
Graizzaro Bruno $229,500 Heights Title
Graizzaro Bruno $229,500 Heights Title Services Llc
Mendolera James J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Graizzaro Bruno $183,600
Closed Graizzaro Bruno $183,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2021 09/30/21 Sold $459,000 0.0% $423 / Sq Ft
08/17/2021 08/17/21 Pending -- -- --
08/09/2021 08/09/21 For Sale $459,000 -- $423 / Sq Ft
Source: Multiple Listing Service of Bonita Springs-Estero

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 $6,748 $493,397 -- --
2024 $6,748 $385,527 $146,132 $174,236
2023 $5,103 $284,992 $169,056 $101,176
2022 $3,653 $191,729 $67,382 $124,347
2021 $2,573 $126,262 $51,636 $74,626
2020 $2,432 $113,045 $47,000 $66,045
2019 $2,282 $110,626 $53,550 $57,076
2018 $2,152 $101,743 $51,000 $50,743
2017 $2,051 $98,516 $48,250 $50,266
2016 $1,875 $86,005 $50,811 $35,194
2015 $1,727 $75,599 $41,538 $34,061
2014 $1,614 $71,799 $38,985 $32,814
2013 -- $52,500 $31,640 $20,860
Source: Public Records

Agents Affiliated with this Home

  • Stacey Reed

    Seller's Agent in 2021

    Stacey Reed

    DomainRealty.com LLC

    (239) 247-3657

    2 in this area

    95 Total Sales

    Stacey Reed
    Section Image

  • J

    Buyer's Agent in 2021

    Jordan Reppell

    INACTIVE AGENT ACCT

    Section Image
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Map

Source: Multiple Listing Service of Bonita Springs-Estero

MLS Number: 221058087

Multiple Listing Service of Bonita Springs-Estero

APN: 07-45-24-C2-00312.0250

Florida Lee County Cape Coral 33904 Caloosahatchee

1327 SE 40th Terrace, Cape Coral, FL

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