NOT LISTED FOR SALE

1515 SW 40th Terrace Cape Coral, FL 33914

Pelican Neighborhood

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

0.23 Acre
$3,300,822 Price per Acre
10,019 Sq Ft Lot

Last Sold July 12, 2021

Last sale price $46,650

Est. 1,522% increase in value since last sale

Current estimated payment $4,100/month

8 Days on Market

About This Lot

As of July 2021

Fantastic Building site west of Burnt store road. This property is an an area of newer homes that is close to shopping restaurants and schools.

Last Agent to Sell the Property

George Patton

RE/MAX Trend License #258005212 Listed on: 06/03/2021

RE/MAX Trend

Last Buyer's Agent

non-member MLS

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $545

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 80 x 125 x 80 x 125
  • West Facing Home
  • Rectangular Lot
  • Property is zoned R1-D

Utilities

  • Water Not Available
  • Well
  • Septic Tank
  • Sewer Not Available

Community Details

  • Cape Coral Subdivision

Listing and Financial Details

  • Legal Lot and Block 17 / 5241
  • Assessor Parcel Number 01-44-22-C2-05241.0170

Property Details

Property Type

Land

Est. Annual Taxes

$545

Lot Details

0

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Land
  • Lot Size Acres: 0.23
  • Lot Size: 80 x 125 x 80 x 125
  • Subdivision Name: CAPE CORAL
  • Directions: Gulfstream to Nw 40th pl south to property.
  • Property Sub Type Additional: Residential,Unimproved Land
  • Special Features: None

Exterior Features

  • Lot Features: Rectangular Lot
  • View: Landscaped
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: RV Restriction(s)
  • Direction Faces: West

Utilities

  • Sewer: None, Septic Tank
  • Utilities: Electricity Available, Trash Collection, Sewer Not Available, Water Not Available
  • Water Source: None, Well

Condo/Co-op/Association

  • Community Features: Non-Gated

Fee Information

  • Association Fee Includes: None

Lot Info

  • Current Use: Single Family
  • Parcel #: 01-44-22-C2-05241.0170
  • Zoning Description: R1-D
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 545.0
  • Tax Block: 5241
  • Tax Lot: 17
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 13, 2020
Sold by
Stoudt William P and Stoudt Mary Ellen
Bought by
Namowitz Joshua and Namowitz Melissa
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.
Original Mortgage
$406,000
Outstanding Balance
$365,380
Interest Rate
2.8%
Mortgage Type
VA
Estimated Equity
$397,812

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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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 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
07/12/2021 07/12/21 Sold $46,650 -6.7% --
06/12/2021 06/12/21 Pending -- -- --
06/03/2021 06/03/21 For Sale $50,000 -- --
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 $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

  • George Patton

    Seller's Agent in 2021

    George Patton

    RE/MAX

    (239) 839-1228

    54 in this area

    362 Total Sales

    Section Image

  • n

    Buyer's Agent in 2021

    non-member MLS

  • O

    Buyer's Agent in 2021

    Out of area Non Member

    FGC Non-MLS Office

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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 221041255

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 03 June 2021 and is currently estimated at $759,189. 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.

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