NOT LISTED FOR SALE

1638 SE 40th Terrace Cape Coral, FL 33904

Caloosahatchee Neighborhood

Estimated Value: $557,000 - $776,000

3 Beds
2 Baths
2,093 Sq Ft
$320/Sq Ft Est. Value

Last Sold April 29, 2024

Last sale price $780,000 $373 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $3,980/month

6 Days on Market

Highlights

  • Boat Dock
  • In Ground Pool
  • Canal Access
  • Cape Elementary School Rated A-
  • Waterfront
  • Canal View

About This Home

As of April 2024

Florida Waterfront Living at its finest! The property boasts meticulous attention to detail. Enjoy the convenience of a brand-new hot water heater, ensuring efficiency and comfort throughout the home. Step outside to the paver lanai, a perfect space for outdoor entertaining or simply relaxing while overlooking the mesmerizing water view. The private pool provides an oasis of tranquility, inviting you to unwind and soak in the serene surroundings. Fall in love with the Picture Window seamlessly integrated into the expansive screen enclosure. Immerse yourself in the breathtaking beauty of living directly on the water, boasting unparalleled views and direct access to the Gulf of Mexico. Imagine waking up to the serene sound of gentle waves, while vibrant sunsets paint the sky in hues of orange and pink – truly a waterfront paradise. Living in Cape Coral offers more than just a home; it offers a lifestyle. Here, you can embrace the Florida lifestyle, where boating, fishing, and watersports are part of everyday life. With direct access to the Gulf of Mexico, you'll have the freedom to explore endless waterways, pristine beaches, and hidden coves, creating cherished memories with family and friends. Cape Coral boasts an array of amenities and attractions to enhance your living experience. Indulge in world-class dining at waterfront restaurants, explore charming boutiques and art galleries, or tee off at one of the many prestigious golf courses nearby. For nature enthusiasts, the area offers an abundance of parks and preserves, perfect for hiking, bird watching, or simply enjoying the natural beauty of Southwest Florida.

Last Agent to Sell the Property

Sande Ellis

Keller Williams Realty Fort Myers and the Islands Brokerage Phone: 239-826-6414 License #258000437 Listed on: 04/22/2024

Keller Williams Realty Fort Myers and the Islands

Co-Listed By

Brett Ellis

Keller Williams Realty Fort Myers and the Islands Brokerage Phone: 239-826-6414 License #258000557

Last Buyer's Agent

Kevin Ellis

Keller Williams Realty Fort Myers and the Islands License #258002407

Keller Williams Realty Fort Myers and the Islands

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,477

Year Built

  • Built in 1972

Lot Details

  • 9,975 Sq Ft Lot
  • Lot Dimensions are 80 x 125 x 80 x 125
  • Waterfront
  • North Facing Home
  • Rectangular Lot
  • Sprinkler System
  • Property is zoned R1-W

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Entry on the 1st floor
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,093 Sq Ft Home
  • 1-Story Property
  • Tray Ceiling
  • High Ceiling
  • Ceiling Fan
  • Electric Shutters
  • Single Hung Windows
  • Sliding Windows
  • Den
  • Screened Porch
  • Canal Views
  • Home Security System

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Maid or Guest Quarters
  • 2 Full Bathrooms
  • Dual Sinks
  • Bathtub
  • Separate Shower

Laundry

  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Pool Equipment or Cover

Outdoor Features

  • Canal Access
  • Screened Patio

Utilities

  • Central Heating and Cooling System
  • Water Purifier
  • Water Softener
  • Sewer Assessments
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 80 / 390
  • Assessor Parcel Number 08-45-24-C1-00390.0800

Community Details

Overview

  • No Home Owners Association
  • Cape Coral Subdivision

Recreation

  • Boat Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,477

Year Built

Built in 1972

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.229
  • Lot Size: 80 x 125 x 80 x 125
  • Co List Office Mls Id: FKWFMI
  • Co List Office Phone: 239-236-4350
  • Ownership: Single Family
  • Subdivision Name: CAPE CORAL
  • Architectural Style: Ranch, One Story
  • Carport Y N: No
  • Entry Level: 1
  • Garage Yn: Yes
  • Building Stories: 1
  • Year Built: 1972
  • ResoBuildingAreaSource: Appraiser
  • Property Sub Type Additional: Single Family Residence
  • Attribution Contact: 239-826-6414
  • Special Features: None
  • Stories: 1

Interior Features

  • Furnished: Unfurnished
  • Private Spa: No
  • Appliances: Dryer, Dishwasher, Disposal, Ice Maker, Microwave, Range, Refrigerator, Water Purifier, Washer, Water Softener
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Breakfast Bar, Bathtub, Tray Ceiling(s), Dual Sinks, Eat-in Kitchen, High Ceilings, Pantry, Separate Shower, Cable TV, Walk-In Closet(s), Split Bedrooms
  • Living Area: 2093.0
  • Dining Room Type: Bathroom, Den, Guest Quarters, Screened Porch
  • Stories: 1
  • Window Features: Single Hung, Sliding, Window Coverings
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Lot Features: Rectangular Lot, Sprinklers Automatic
  • Pool Features: In Ground, Pool Equipment
  • Pool Private: Yes
  • View: Canal, Water
  • View: Yes
  • Waterfront Features: Canal Access
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: North
  • Exterior Features: Sprinkler/Irrigation, Patio, Shutters Electric, Shutters Manual
  • Patio And Porch Features: Lanai, Patio, Porch, Screened
  • 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: Washer Hookup, Dryer Hookup, Inside
  • Security: Security System
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Assessment Paid, Public Sewer
  • Utilities: Cable Available
  • Water Source: Assessment Paid, Public

Condo/Co-op/Association

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

Fee Information

  • Association Fee Includes: None

Lot Info

  • Parcel #: 08-45-24-C1-00390.0800
  • Zoning Description: R1-W
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 1

Tax Info

  • Tax Annual Amount: 5476.67
  • Tax Block: 390
  • Tax Lot: 80
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2024
Closed on
Apr 25, 2024
Sold by
Fors Maureen R and John V Fors And Maureen R Fors Revocable
Bought by
Fors Maureen R and Fielding Richard W
Seller's Agent
Sande Ellis
Keller Williams Realty Fort Myers and the Islands
Buyer's Agent
Kevin Ellis
Keller Williams Realty Fort Myers and the Islands
List Price
$800,000
Sold Price
$780,000
Premium/Discount to List
-$20,000
-2.5%
Views
5
Current Estimated Value
$670,524

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$109,476
Avg. Annual Appreciation
-9.65%
Original Mortgage
$585,000
Outstanding Balance
$576,109
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$94,415

Purchase Details

Closed on
Nov 2, 2017
Sold by
Fors Maureen R
Bought by
Fors John V and Fors Maureen R

Purchase Details

Closed on
May 9, 2014
Sold by
Fors Maureen R
Bought by
The John V & Maureen R Fors Revocable Li

Purchase Details

Closed on
Aug 17, 2001
Sold by
Gunderson Donna M
Bought by
Pierce Thomas O and Pierce Josephine M
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
Fors Maureen R $780,000 Title Group Of Fort Myers
Fors John V -- Attorney
The John V & Maureen R Fors Revocable Li -- None Available
Pierce Thomas O $220,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fors Maureen R $585,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2024 04/30/24 Pending -- -- --
04/29/2024 04/29/24 Sold $780,000 -2.5% $373 / Sq Ft
04/22/2024 04/22/24 For Sale $800,000 -- $382 / 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
2025 $5,644 $594,896 $339,958 $200,485
2024 $5,644 $351,627 -- --
2023 $5,477 $336,385 $0 $0
2022 $5,261 $331,442 $0 $0
2021 $5,450 $380,827 $265,707 $115,120
2020 $5,563 $317,345 $0 $0
2019 $5,398 $310,210 $0 $0
2018 $5,405 $304,426 $215,000 $89,426
2017 $6,363 $322,998 $190,000 $132,998
2016 $5,737 $274,232 $197,977 $76,255
2015 $5,862 $274,301 $197,887 $76,414
2014 $6,260 $286,608 $194,705 $91,903
2013 -- $274,410 $161,000 $113,410
Source: Public Records

Agents Affiliated with this Home

  • Sande Ellis

    Seller's Agent in 2024

    Sande Ellis

    Keller Williams Realty Fort Myers and the Islands

    (239) 489-4042

    9 in this area

    233 Total Sales

    Sande Ellis
    Section Image
  • Brett Ellis

    Seller Co-Listing Agent in 2024

    Brett Ellis

    Keller Williams Realty Fort Myers and the Islands

    (239) 822-6493

    8 in this area

    237 Total Sales

    Brett Ellis
    Section Image

  • K

    Buyer's Agent in 2024

    Kevin Ellis

    Keller Williams Realty Fort Myers and the Islands

    (239) 823-8853

    3 in this area

    13 Total Sales

    Kevin Ellis
    Section Image
See All Agents

Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 224034994

Florida Gulf Coast Multiple Listing Service

APN: 08-45-24-C1-00390.0800

Florida Lee County Cape Coral 33904 Caloosahatchee

1638 SE 40th Terrace, Cape Coral, FL

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