NOT LISTED FOR SALE

1407 SW 40th Terrace Cape Coral, FL 33914

Pelican Neighborhood

Estimated Value: $868,000 - $1,263,000

4 Beds
2.5 Baths
2,603 Sq Ft
$411/Sq Ft Est. Value

Last Sold December 30, 2020

Last sale price $840,000 $323 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $6,855/month

54 Days on Market

Highlights

  • Home fronts a seawall
  • Heated Pool and Spa
  • Canal Access
  • Cape Elementary School Rated A-
  • City View
  • Outdoor Kitchen

About This Home

As of December 2020

HUGE PRICE REDUCTION!!!!!!! Welcome to your new home in PARADISE.
Amazing contemporary home build in 2019 offers you 3-4 bedrooms,3 bathrooms , office and 3 car garages.
High-end finishes throughout including quarts countertops , stainless steel appliances , EUROPEAN/ITALIAN custom cabinetry.
House feature impact doors and windows .After short boat trip to the GULF OF MEXICO you can spend time
swimming in pool with spa and grilling at outdoor kitchen .The resort style pool has 2 tanning ledges and beautiful spa.

Open floorplan with 12'-14' ceilings throughout the main living area .The owner's suite feature gorgeous wardrobe room with plenty of storage to satisfy everyone .Call now to schedule a private walk through.

Last Agent to Sell the Property

Malgorzata Karczewski

Premiere Plus Realty Company License #258020856 Listed on: 10/06/2020

Premiere Plus Realty Company

Last Buyer's Agent

Aida Blocker

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,158

Year Built

  • Built in 2019

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 80 x 125 x 80 x 125
  • Home fronts a seawall
  • South Facing Home
  • Fenced
  • Rectangular Lot
  • Sprinkler System
  • Property is zoned RD-W

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Driveway

Property Views

  • City
  • Canal

Home Design

  • Tile Roof
  • Stucco

Interior Spaces

  • 2,603 Sq Ft Home
  • 1-Story Property
  • Coffered Ceiling
  • Tray Ceiling
  • Ceiling Fan
  • Fireplace
  • Double Hung Windows
  • Entrance Foyer
  • Open Floorplan
  • Tile Flooring
  • Pull Down Stairs to Attic

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Built-In Self-Cleaning Double Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Dual Sinks
  • Bathtub
  • Separate Shower

Laundry

  • Dryer
  • Washer

Home Security

  • Impact Glass
  • High Impact Door
  • Fire and Smoke Detector

Pool

  • Heated Pool and Spa
  • Concrete Pool
  • Heated In Ground Pool
  • Saltwater Pool
  • Outdoor Shower
  • Screen Enclosure
  • Pool Equipment or Cover
  • Heated Spa
  • In Ground Spa
  • Gunite Spa

Outdoor Features

  • Canal Access
  • Open Patio
  • Outdoor Kitchen
  • Outdoor Grill
  • Porch

Schools

  • Cape Coral Elementary And Middle School
  • Cape Coral High School

Utilities

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

Community Details

  • No Home Owners Association
  • Association fees include cable TV, irrigation water, sewer, street lights
  • Cape Coral Subdivision

Listing and Financial Details

  • Legal Lot and Block 22 / 3350
  • Assessor Parcel Number 10-45-23-C1-03350.0220

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,158

Year Built

Built in 2019

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.23
  • Lot Size: 80 x 125 x 80 x 125
  • Road Surface Type: Paved
  • Ownership: Single Family
  • Subdivision Name: CAPE CORAL
  • Directions: CAPE CORAL PKWY turn north into CHIQUITA BLVD turn right into SW 40th TER. House is on you left.
  • Architectural Style: Ranch, One Story
  • Carport Y N: No
  • Entry Level: 1
  • Garage Yn: Yes
  • Building Stories: 1
  • Year Built: 2019
  • ResoBuildingAreaSource: Appraiser
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Furnished: Unfurnished
  • Spa Features: Electric Heat, Gunite, In Ground, Screened
  • Private Spa: Yes
  • Appliances: Built-In Oven, Cooktop, Double Oven, Dryer, Dishwasher, Electric Cooktop, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace: Yes
  • Flooring: Tile
  • Interior Amenities: Attic, Breakfast Bar, Bedroom on Main Level, Bathtub, Tray Ceiling(s), Coffered Ceiling(s), Dual Sinks, Entrance Foyer, Eat-in Kitchen, Family/Dining Room, Fireplace, High Speed Internet, Living/Dining Room, Main Level Master, Pantry, Pull Down Attic Stairs, Separate Shower, Cable TV, Walk-In Closet(s), Split Bedrooms
  • Living Area: 2603.0
  • Stories: 1
  • Window Features: Double Hung, Impact Glass
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Lot Features: Rectangular Lot, Sprinklers Automatic
  • Pool Features: Concrete, Electric Heat, Heated, In Ground, Pool Equipment, Screen Enclosure, Salt Water, Pool/Spa Combo
  • Pool Private: Yes
  • View: Canal, City, Landscaped
  • View: Yes
  • Waterfront Features: Canal Access, Seawall
  • Waterfront: Yes
  • Disclosures: Owner Is Listing Agent, RV Restriction(s)
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: South
  • Exterior Features: Security/High Impact Doors, Sprinkler/Irrigation, Outdoor Grill, Outdoor Kitchen, Outdoor Shower, Patio, Gas Grill
  • Patio And Porch Features: Open, Patio, Porch
  • Property Condition: Resale
  • Roof: Tile

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 3.0
  • Garage Spaces: 3.0
  • Parking Features: Attached, Driveway, Garage, Paved, Garage Door Opener

Utilities

  • Laundry Features: Inside
  • Security: Fenced, Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s), 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
  • Amenities: None
  • Association: No
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Cable TV, Irrigation Water, Sewer, Street Lights

Schools

  • Elementary School: CAPE CORAL
  • High School: CAPE CORAL
  • Middle Or Junior School: CAPE CORAL

Lot Info

  • Parcel #: 10-45-23-C1-03350.0220
  • Zoning Description: RD-W
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 1

Tax Info

  • Tax Annual Amount: 2158.0
  • Tax Block: 3350
  • Tax Lot: 22
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 10, 2024
Sold by
Merrill Richard H
Bought by
Merrill Richard H and Newell Gladys Ormachea
Current Estimated Value
$1,100,429

Purchase Details

Listed on
Oct 6, 2020
Closed on
Dec 30, 2020
Sold by
Karczewski Mark and Karczewski Malgorzata
Bought by
Merrill Richard
Seller's Agent
Malgorzata Karczewski
Premiere Plus Realty Company
Buyer's Agent
Aida Blocker
List Price
$895,000
Sold Price
$840,000
Premium/Discount to List
-$55,000
-6.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.04%
Original Mortgage
$662,496
Interest Rate
2.7%
Mortgage Type
VA

Purchase Details

Listed on
Feb 5, 2017
Closed on
Mar 31, 2017
Sold by
Ramos Edith A
Bought by
Karczewski Mark and Karczewski Malgorzata
Seller's Agent
Bill Elliott
Schooner Bay Realty, Inc.
Buyer's Agent
Bill Elliott
List Price
$110,000
Sold Price
$90,000
Premium/Discount to List
-$20,000
-18.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
81.42%

Purchase Details

Closed on
Jul 14, 2016
Sold by
Ramos Edith A
Bought by
Ramos Edith A and Edith A Ramos Revocable Trust

Purchase Details

Closed on
Nov 4, 2015
Sold by
Ramos Edith A
Bought by
Ramos Edith A

Purchase Details

Closed on
Nov 11, 2010
Sold by
Ramos Edith A
Bought by
Ramos Edith A and Edith A Ramos Revocable Trust

Purchase Details

Closed on
Oct 27, 2004
Sold by
Flama Llc
Bought by
Ramos Edith A

Purchase Details

Closed on
Jan 28, 2004
Sold by
Ramos Giancarlo and Ramos Edith
Bought by
Flama L L C

Purchase Details

Closed on
Aug 8, 2003
Sold by
Bartlett William A
Bought by
Ramos Giancarlo and Ramos Edith

Purchase Details

Closed on
Nov 1, 1999
Sold by
Clements Leonard W and Tracey Rebecca J
Bought by
Bartlett William A
Source: Public Records

Range of Values:

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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
Merrill Richard H $100 None Listed On Document
Merrill Richard $840,000 Omnione Title Services
Karczewski Mark $90,000 Old Florida Title
Ramos Edith A -- None Available
Ramos Edith A -- Attorney
Ramos Edith A -- None Available
Ramos Edith A -- --
Flama L L C -- --
Ramos Giancarlo $105,500 --
Bartlett William A $16,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Merrill Richard $662,496
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2020 12/30/20 Sold $840,000 -6.1% $323 / Sq Ft
11/30/2020 11/30/20 Pending -- -- --
10/06/2020 10/06/20 For Sale $895,000 +894.4% $344 / Sq Ft
03/31/2017 03/31/17 Sold $90,000 -18.2% --
03/01/2017 03/01/17 Pending -- -- --
02/05/2017 02/05/17 For Sale $110,000 -- --
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 $9,336 $586,899 -- --
2023 $9,336 $569,805 $0 $0
2022 $8,897 $553,209 $0 $0
2021 $9,263 $534,251 $95,000 $439,251
2020 $8,180 $465,661 $0 $0
2019 $2,158 $105,000 $105,000 $0
2018 $2,102 $100,000 $100,000 $0
2017 $1,736 $104,000 $104,000 $0
2016 $1,675 $104,000 $104,000 $0
2015 $1,582 $97,000 $97,000 $0
2014 -- $82,400 $82,400 $0
2013 -- $58,800 $58,800 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Malgorzata Karczewski

    Premiere Plus Realty Company

    (239) 603-2268

    6 in this area

    11 Total Sales

    Section Image

  • A

    Buyer's Agent in 2020

    Aida Blocker

  • B

    Seller's Agent in 2017

    Bill Elliott

    Schooner Bay Realty, Inc.

See All Agents

Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 220063271

Florida Gulf Coast Multiple Listing Service

APN: 10-45-23-C1-03350.0220

Florida Lee County Cape Coral 33914 Pelican

1407 SW 40th Terrace, Cape Coral, FL

This home is located at 1407 SW 40th Terrace, Cape Coral, FL 33914 since 06 October 2020 and is currently estimated at $1,068,920, approximately $410 per square foot. This property was built in 2019. 1407 SW 40th Terrace is a home located in Lee County with nearby schools including Cape Elementary School, Caloosa Elementary School, and Tropic Isles Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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