NOT LISTED FOR SALE

1515 SW 40th Terrace Cape Coral, FL 33914

Pelican Neighborhood

Estimated Value: $664,000 - $819,000

3 Beds
2 Baths
2,066 Sq Ft
$367/Sq Ft Est. Value

Last Sold November 13, 2020

Last sale price $406,000 $197 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $4,100/month

76 Days on Market

Highlights

  • Heated In Ground Pool
  • Waterfront
  • Canal View
  • Cape Elementary School Rated A-
  • Canal Access
  • Cathedral Ceiling

About This Home

As of November 2020

****BIG PRICE DROP*** OWNERS WANT OFFERS. Come and look at this perfect 3 bedroom 2 bath POOL home in desirable SW Cape Coral. Over 2000 Sq ft of living area! Gulf access. One bridge at Cape Coral Parkway. 10.6' NO LOCK to go through. A 30 minute boat ride to the river. ASSESSMENTS PAID!! Brand new pool heater in May 2020. New roof in 2016. Huge kitchen, open concept. HIGH CEILINGS, Dinning room. Split floor plan with the Master bedroom on one side and the two other bedrooms and pool bathroom on the other side. Huge Lanai for entertaining at the pool. Lanai is under truss. Home shows nice and bright! Location, location, location. So true with this home. Hurricane shutters and sliders protect help protect this Florida home from storms and hurricanes. Room for a dock and/or boatlift. The sprinkler system keeps the yard and landscaping lush and green. Nice curbing around the beds in front of this beautiful home. Great for a family or an investor. Home has been meticulously taken care of. Close to schools, shopping, entertainment, restaurants and places of worship. Come and See! It's close to everything. Access in and out of the area is amazing. Thanks for looking!

Last Agent to Sell the Property

Erik Herman

Schiff Realty, Inc License #258014084 Listed on: 07/29/2020

Last Buyer's Agent

Gary King

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,976

Year Built

  • Built in 2001

Lot Details

  • 10,629 Sq Ft Lot
  • Lot Dimensions are 80 x 125 x 80 x 125
  • Waterfront
  • South Facing Home
  • Rectangular Lot
  • Property is zoned RD-W

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,066 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Shutters
  • Single Hung Windows
  • Combination Dining and Living Room
  • Canal Views

Kitchen

  • Self-Cleaning Oven
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Dual Sinks
  • Shower Only
  • Separate Shower

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Heated In Ground Pool
  • Canal Access

Schools

  • School Choice Elementary And Middle School
  • School Choice High School

Utilities

  • Central Heating and Cooling System
  • Sewer Assessments

Community Details

  • No Home Owners Association
  • Cape Coral Subdivision

Listing and Financial Details

  • Legal Lot and Block 2 / 3350
  • Assessor Parcel Number 10-45-23-C1-03350.0020

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,976

Year Built

Built in 2001

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.244
  • Lot Size: 80 x 125 x 80 x 125
  • Ownership: Single Family
  • Subdivision Name: CAPE CORAL
  • Directions: Chiquita Blvd to SW 40th Ter. Home on North side of street.
  • Architectural Style: Ranch, One Story
  • Carport Y N: No
  • Garage Yn: Yes
  • Building Stories: 1
  • Year Built: 2001
  • ResoBuildingAreaSource: Appraiser
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Furnished: Unfurnished
  • Private Spa: No
  • Appliances: Dryer, Dishwasher, Self Cleaning Oven, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Carpet, Laminate
  • Interior Amenities: Cathedral Ceiling(s), Dual Sinks, Living/Dining Room, Shower Only, Separate Shower
  • Living Area: 2066.0
  • Stories: 1
  • Window Features: Single Hung, Shutters
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Lot Features: Rectangular Lot
  • Pool Features: Electric Heat, Heated, In Ground
  • Pool Private: Yes
  • View: Canal
  • View: Yes
  • Waterfront Features: Canal Access
  • Waterfront: Yes
  • Disclosures: RV Restriction(s)
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: South
  • Exterior Features: Shutters Manual
  • Property Condition: Resale
  • Roof: Shingle

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage, Garage Door Opener

Utilities

  • Laundry Features: Inside
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Assessment Paid
  • Water Source: Assessment Paid

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Amenities: None
  • Association: No
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: SCHOOL CHOICE
  • High School: SCHOOL CHOICE
  • Middle Or Junior School: SCHOOL CHOICE

Lot Info

  • Parcel #: 10-45-23-C1-03350.0020
  • Zoning Description: RD-W
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3976.0
  • Tax Block: 3350
  • Tax Lot: 2
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2020
Closed on
Nov 13, 2020
Sold by
Stoudt William P and Stoudt Mary Ellen
Bought by
Namowitz Joshua and Namowitz Melissa
Seller's Agent
Erik Herman
Schiff Realty, Inc
Buyer's Agent
Gary King
List Price
$429,000
Sold Price
$406,000
Premium/Discount to List
-$23,000
-5.36%
Current Estimated Value
$756,871

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$350,871
Avg. Annual Appreciation
14.66%
Original Mortgage
$406,000
Outstanding Balance
$365,380
Interest Rate
2.8%
Mortgage Type
VA
Estimated Equity
$413,202

Purchase Details

Closed on
Nov 17, 2000
Sold by
Johnson Richard E
Bought by
Stoudt William P and Stoudt Mary Ellen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,900
Interest Rate
7.87%
Source: Public Records

Range of Values:

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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
Namowitz Joshua $406,000 Attorney
Stoudt William P $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Namowitz Joshua $120,000
Open Namowitz Joshua $406,000
Previous Owner Stoudt William P $78,700
Previous Owner Stoudt William P $25,000
Previous Owner Stoudt William P $139,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/13/2020 11/13/20 Sold $406,000 -5.4% $197 / Sq Ft
10/14/2020 10/14/20 Pending -- -- --
07/29/2020 07/29/20 For Sale $429,000 -- $208 / 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
2024 $993 $551,007 $232,988 $239,821
2023 $861 $0 $0 $0
2022 $707 $539,741 $145,158 $394,583
2021 $6,658 $348,189 $95,000 $253,189
2020 $4,097 $234,374 $0 $0
2019 $3,976 $229,105 $0 $0
2018 $3,971 $224,833 $0 $0
2017 $3,953 $220,209 $0 $0
2016 $3,868 $263,839 $104,000 $159,839
2015 $3,907 $245,314 $97,000 $148,314
2014 -- $261,302 $82,400 $178,902
2013 -- $236,706 $70,200 $166,506
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2020

    Erik Herman

    Schiff Realty, Inc

    (239) 849-3700

    3 in this area

    13 Total Sales

    Section Image

  • G

    Buyer's Agent in 2020

    Gary King

See All Agents

Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 220047298

Florida Gulf Coast Multiple Listing Service

APN: 10-45-23-C1-03350.0020

Florida Lee County Cape Coral 33914 Pelican

1515 SW 40th Terrace, Cape Coral, FL

This home is located at 1515 SW 40th Terrace, Cape Coral, FL 33914 since 29 July 2020 and is currently estimated at $759,189, approximately $367 per square foot. This property was built in 2001. 1515 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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