Seller's Agent in 2024
Elvia Arana
Rawlings Realty, Inc
(239) 560-7435
2 in this area
48 Total Sales
1507 SW 40th Terrace Cape Coral, FL 33914
Pelican NeighborhoodEstimated Value: $426,000 - $541,000
3
Beds
2
Baths
1,975
Sq Ft
$240/Sq Ft
Est. Value
Highlights
- Home fronts a seawall
- Canal Access
- Vaulted Ceiling
- Cape Elementary School Rated A-
- Canal View
- Great Room
About This Home
As of June 2024Foreclosed property. A fantastic deal indeed! GULF ACCESS CANAL HOME with almost 2,000 sq.ft. under air. As you open the door you'll see the open floor plan concept with wood-like floors that include living/dining areas and a butlers station that could be used as a bar setup adjoining to the kitchen with breakfast bar and also breakfast nook for a more informal meal. The sliding doors will open to the screened lanai and into your backyard where the water games await for you! This home offers a split floor plan with 3 bedrooms and a bonus room that could be used as a den or office, inside laundry with cabinets and tub and a two car garage. The backyard offers northern exposure where you can spend time at the captains walk with gorgeous canal views ideal for fishing or boating. Come and enjoy paradise where unlimited exciting water sports will amuse your family and friends!!
Last Agent to Sell the Property
Rawlings Realty, Inc License #258008615 Listed on: 04/19/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $9,039
Year Built
- Built in 1991
Lot Details
- 10,019 Sq Ft Lot
- Lot Dimensions are 80 x 125 x 80 x 125
- Home fronts a seawall
- Home fronts navigable water
- South Facing Home
- Rectangular Lot
- Property is zoned RD-W
Parking
- 2 Car Attached Garage
Home Design
- Shingle Roof
- Stucco
Interior Spaces
- 1,975 Sq Ft Home
- 1-Story Property
- Built-In Features
- Vaulted Ceiling
- Single Hung Windows
- Sliding Windows
- Great Room
- Combination Dining and Living Room
- Den
- Screened Porch
- Canal Views
- Breakfast Bar
- Laundry Tub
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Split Bedroom Floorplan
- Walk-In Closet
- 2 Full Bathrooms
- Dual Sinks
- Bathtub
- Separate Shower
Outdoor Features
- Canal Access
- Screened Patio
Utilities
- Central Heating and Cooling System
- Cable TV Available
Community Details
- No Home Owners Association
- Cape Coral Subdivision
Listing and Financial Details
- Legal Lot and Block 6 / 3350
- Assessor Parcel Number 10-45-23-C1-03350.0060
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 19, 2024
Closed on
Jul 18, 2024
Sold by
Cwabs Inc Asset-Backed Certificates Seri and Bank Of New York Mellon
Bought by
Zabel David Roland and Zabel Sally Ann
Seller's Agent
Elvia Arana
Rawlings Realty, Inc
Buyer's Agent
Mary Beth Gentile
Royal Shell Real Estate, Inc.
List Price
$509,600
Sold Price
$446,500
Premium/Discount to List
-$63,100
-12.38%
Views
35
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,046
Avg. Annual Appreciation
3.67%
Purchase Details
Closed on
Feb 21, 2024
Sold by
Tomaselli Gregory J
Bought by
Bank Of Ny Mellon and Cwabs Inc
Purchase Details
Closed on
May 24, 1996
Sold by
Alexander Paul H and Alexander Barbara L
Bought by
Tomaselli Gregory J and Tomaselli Susan J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.93%
Mortgage Type
VA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Zabel David Roland | $446,500 | None Listed On Document | |
| Bank Of Ny Mellon | $411,100 | -- | |
| Tomaselli Gregory J | $120,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Tomaselli Gregory J | $581,000 | |
| Previous Owner | Tomaselli Gregory J | $457,000 | |
| Previous Owner | Tomaselli Gregory J | $344,000 | |
| Previous Owner | Tomasselli Gregory J | $226,000 | |
| Previous Owner | Tomasselli Gregory J | $160,000 | |
| Previous Owner | Tomaselli Gregory J | $120,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/31/2024 07/31/24 | Pending | -- | -- | -- |
| 06/04/2024 06/04/24 | Sold | $446,500 | -0.8% | $226 / Sq Ft |
| 05/18/2024 05/18/24 | Price Changed | $449,900 | -11.7% | $228 / Sq Ft |
| 04/19/2024 04/19/24 | For Sale | $509,600 | -- | $258 / Sq Ft |
Source: Florida Gulf Coast Multiple Listing Service
Tax History Compared to Growth
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 | $9,039 | $386,701 | $219,800 | $161,777 |
| 2023 | $9,039 | $458,559 | $0 | $0 |
| 2022 | $8,205 | $416,872 | $151,259 | $265,613 |
| 2021 | $1,516 | $280,200 | $99,717 | $180,483 |
| 2020 | $1,370 | $146,189 | $0 | $0 |
| 2019 | $1,348 | $142,902 | $0 | $0 |
| 2018 | $1,333 | $140,237 | $0 | $0 |
| 2017 | $1,330 | $137,353 | $0 | $0 |
| 2016 | $1,337 | $211,697 | $106,626 | $105,071 |
| 2015 | $1,299 | $195,308 | $99,370 | $95,938 |
| 2014 | -- | $184,493 | $84,935 | $99,558 |
| 2013 | -- | $169,405 | $71,338 | $98,067 |
Source: Public Records
Agents Affiliated with this Home
-
-
D
Seller Co-Listing Agent in 2024
Diana Rawlings Bever
Rawlings Realty, Inc
(239) 281-8799
3 in this area
13 Total Sales
-
Buyer's Agent in 2024
Mary Beth Gentile
Royal Shell Real Estate, Inc.
(239) 297-0297
6 in this area
60 Total Sales
Map
Source: Florida Gulf Coast Multiple Listing Service
MLS Number: 224036060
APN: 10-45-23-C1-03350.0060
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