NOT LISTED FOR SALE

1518 NW 40th Place Cape Coral, FL 33993

Burnt Store Neighborhood

Estimated Value: $877,000 - $1,252,000

0.23 Acre
$4,913,689 Price per Acre
10,001 Sq Ft Lot

Last Sold February 28, 2020

Last sale price $92,000

Est. 1,151% increase in value since last sale

Current estimated payment $7,937/month

473 Days on Market

Highlights

  • Boat Dock
  • Home fronts a seawall
  • Canal View
  • Cape Elementary School Rated A-
  • Canal Access
  • Rectangular Lot

About This Lot

As of February 2020

Gulf Access Lot with NEW SEAWALL installed. NO BRIDGES to open water Matlacha pass, Charlotte Harbour and the Gulf of Mexico. This is one of the few unspoiled fishing areas. Oversized canal views. The lot has western exposure and one will enjoy great sunsets. Close to 2 parks, Sam's Club, Publix center and Coral Oaks Golf course and restaurants along the Pine island Corridor.This is a hot area for new homes and growing fast, great lot for investment or spec home.

Last Agent to Sell the Property

Ted Stout

Realmark Realty Group II LLC License #274500881 Listed on: 10/12/2018

Last Buyer's Agent

Myrlton Lopez

Experience Real Estate Group License #554033342

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,801

Lot Details

  • 10,001 Sq Ft Lot
  • Lot Dimensions are 80 x 125 x 80 x 125
  • Home fronts a seawall
  • East Facing Home
  • Rectangular Lot
  • Property is zoned R1-W

Property Views

  • Canal Views

Utilities

  • Water Not Available
  • Sewer Not Available
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 11 / 5213
  • Assessor Parcel Number 01-44-22-C2-05213.0110

Community Details

Overview

  • Cape Coral Subdivision

Recreation

  • Boat Dock
  • Canal Access

Property Details

Property Type

Land

Est. Annual Taxes

$1,801

Lot Details

0

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Land
  • Lot Size Acres: 0.2296
  • Lot Size: 80 x 125 x 80 x 125
  • Road Surface Type: Paved
  • Subdivision Name: CAPE CORAL
  • Directions: Gulfstream to NW 40th pl right, lot on right.
  • Property Sub Type Additional: Residential,Unimproved Land
  • Special Features: None

Exterior Features

  • Lot Features: Rectangular Lot
  • View: Canal
  • View: Yes
  • Waterfront Features: Canal Access, Seawall
  • Waterfront: Yes
  • Direction Faces: East

Utilities

  • Sewer: None
  • Utilities: Cable Available, Electricity Available, Phone Available, Trash Collection, Sewer Not Available, Water Not Available
  • Water Source: None

Condo/Co-op/Association

  • Community Features: Boat Facilities
  • Amenities: None

Fee Information

  • Association Fee Includes: None

Lot Info

  • Current Use: Single Family
  • Parcel #: 01-44-22-C2-05213.0110
  • Zoning Description: R1-W
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1801.0
  • Tax Block: 5213
  • Tax Lot: 11
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2018
Closed on
Feb 27, 2020
Sold by
Bank Of America Na
Bought by
Sala Robert E and Sala Josephine A
Seller's Agent
Ted Stout
Realmark Realty Group II LLC
Buyer's Agent
Myrlton Lopez
Experience Real Estate Group
List Price
$115,000
Sold Price
$92,000
Premium/Discount to List
-$23,000
-20%
Current Estimated Value
$1,150,574

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,058,574
Avg. Annual Appreciation
59.01%
Original Mortgage
$510,400
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 13, 2017
Sold by
Nuerge William
Bought by
Nuerge William A and Nuerge William A

Purchase Details

Closed on
Sep 14, 2012
Sold by
Hoap Homes Llc
Bought by
Nuerge William

Purchase Details

Closed on
Sep 11, 2012
Sold by
Sciarrotta Joseph
Bought by
Hoap Homes Llc

Purchase Details

Closed on
May 26, 2004
Sold by
Repetti Christopher and Repetti Maria
Bought by
Sciarrotta Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,900
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 3, 2003
Sold by
Moskowitz Marvin and Moskowitz Harriet
Bought by
Repetti Christopher and Repetti Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,600
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 13, 2003
Sold by
Klein Calvin
Bought by
Moskowitz Marvin and Moskowitz Harriet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 23, 2001
Sold by
Milam W G and Milam Marlene
Bought by
Klein Calvin and Klein John
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
Sala Robert E $92,000 Landsel Title Agency Inc
Nuerge William A -- Attorney
Nuerge William $55,000 Agent Title Services
Hoap Homes Llc $55,000 Transfer Title Services Inc
Sciarrotta Joseph -- Progressive Title Inc
Repetti Christopher $144,000 --
Moskowitz Marvin $56,000 --
Moskowitz Marvin $56,000 --
Klein Calvin $44,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sala Robert E $512,000
Closed Sala Robert E $510,400
Previous Owner Sciarrotta Joseph $117,900
Previous Owner Repetti Christopher $183,600
Previous Owner Moskowitz Marvin $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2020 02/28/20 Sold $92,000 -20.0% --
01/29/2020 01/29/20 Pending -- -- --
10/12/2018 10/12/18 For Sale $115,000 -- --
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 $19,648 $1,113,685 $259,864 $615,906
2023 $19,648 $1,224,029 $304,632 $731,813
2022 $19,450 $1,221,756 $264,997 $956,759
2021 $12,897 $716,461 $93,000 $623,461
2020 $1,798 $85,000 $85,000 $0
2019 $1,840 $85,000 $85,000 $0
2018 $1,876 $85,000 $85,000 $0
2017 $1,787 $81,315 $81,315 $0
2016 $1,677 $78,000 $78,000 $0
2015 $1,613 $78,000 $78,000 $0
2014 $1,701 $100,000 $100,000 $0
2013 -- $53,900 $53,900 $0
Source: Public Records

Agents Affiliated with this Home

  • Ted Stout

    Seller's Agent in 2020

    Ted Stout

    Realmark Realty Group II LLC

    (239) 313-8020

    31 in this area

    578 Total Sales

    Section Image

  • M

    Buyer's Agent in 2020

    Myrlton Lopez

    Experience Real Estate Group

    (718) 909-9344

    2 in this area

    7 Total Sales

    Section Image
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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 218067253

Florida Gulf Coast Multiple Listing Service

APN: 01-44-22-C2-05213.0110

Florida Lee County Cape Coral 33993 Burnt Store

1518 NW 40th Place, Cape Coral, FL

This home is located at 1518 NW 40th Place, Cape Coral, FL 33993 since 12 October 2018 and is currently estimated at $1,128,183. 1518 NW 40th Place is a home located in Lee County with nearby schools including Caloosa Elementary School, Dr. Carrie D. Robinson Littleton 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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