$90,000
SOLD MAR 31, 2017

1407 SW 40th Terrace Cape Coral, FL 33914

Pelican Neighborhood
0.23 Acre
$391,304 Price per Acre
10,019 Sq Ft Lot

Recently Sold

18% Below List Price

23 Days on Market

Highlights

  • Waterfront
  • Canal Access
  • Rectangular Lot
  • Cape Elementary School Rated A-
  • Canal View
  • Brush Vegetation

About This Lot

As of December 2020

ONE BRIDGE (10.25 ft) NO LOCK easy access to river. ALL ASSESSMENTS PAID and seller will credit $11,400.00 for seawall at closing.

Last Agent to Sell the Property

Bill Elliott

Schooner Bay Realty, Inc. License #258016193 Listed on: 02/05/2017

Last Buyer's Agent

Bill Elliott

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,582

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 85 x 125 x 85 x 125
  • Waterfront
  • South Facing Home
  • Brush Vegetation
  • Rectangular Lot
  • Property is zoned RD-W

Property Views

  • Canal Views

Utilities

  • Underground Utilities
  • Sewer Assessments
  • Phone Available
  • Cable TV Available

Listing and Financial Details

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

Community Details

Overview

  • Cape Coral Subdivision

Recreation

  • Canal Access

Property Details

Property Type

Land

Est. Annual Taxes

$1,582

Lot Details

0

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Land
  • Lot Size Acres: 0.23
  • Lot Size: 85 x 125 x 85 x 125
  • Subdivision Name: CAPE CORAL
  • Directions: From Cape Coral Parkway, North on Chiquita Blvd. to SW 40th Terrace then right to property on left with sign.
  • Property Sub Type Additional: Residential,Unimproved Land
  • Special Features: None

Interior Features

  • Possible Use: See Remarks

Exterior Features

  • Lot Features: Rectangular Lot, See Remarks
  • View: Canal
  • View: Yes
  • Waterfront Features: Canal Access
  • Waterfront: Yes
  • Direction Faces: South

Utilities

  • Sewer: Assessment Paid, Public Sewer
  • Utilities: Cable Available, Electricity Available, Phone Available, Sewer Available, Underground Utilities, Water Available
  • Water Source: Assessment Paid, Public

Condo/Co-op/Association

  • Community Features: Non-Gated

Fee Information

  • Association Fee Includes: None

Lot Info

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

Tax Info

  • Tax Annual Amount: 1582.0
  • Tax Block: 3350
  • Tax Lot: 22
  • Tax Year: 2015

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
$1,068,920

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
6.37%
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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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 Type Sale Price Title Company
Warranty Deed $100 None Listed On Document
Warranty Deed $840,000 Omnione Title Services
Warranty Deed $90,000 Old Florida Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Attorney
Interfamily Deed Transfer -- None Available
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed $105,500 --
Warranty Deed $16,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $662,496 VA
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

    Malgorzata Karczewski
    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: 217010042

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 and is currently priced at $90,000. 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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