NOT LISTED FOR SALE

1915 SE 40th Terrace Unit 204 Cape Coral, FL 33904

Caloosahatchee Neighborhood

Estimated Value: $245,000 - $265,000

2 Beds
2 Baths
1,186 Sq Ft
$767/mo HOA Fee

Last Sold July 26, 2024

Last sale price $285,000 $240 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $2,464/month

90 Days on Market

Highlights

  • Boat Dock
  • Home fronts a seawall
  • Canal View
  • Cape Elementary School Rated A-
  • Canal Access
  • Maid or Guest Quarters

About This Home

As of July 2024

Live in paradise! Enjoy looking over the beautiful waterways of SWFL from this second floor condo w/ DIRECT Gulf access. Boat Dock Space is Available on a first come first serve basis (buyers are able to install a boat lift if desired). BRAND NEW ROOF & BRAND NEW A/C, plus all you have to do is bring your personal items due to the home being offered TURNKEY. Optimum storm protection in place w/ impact resistant windows and electric shutters on the screened lanai. Situated in a highly desired corridor of Cape Coral, this home is perfect for seasonal or annual SWFL living. Offering a comfortable open concept living layout, tile flooring throughout, long screened rear lanai w/ wet bar overlooking the pool & canal, retractable screen door at front entry, custom mirror wall in dining area, spacious kitchen w/ breakfast bar, stainless steel appliances, in-residence laundry closet, large master suite w/ updated bath & walk-in closet, and guest room w/ full bath. There is a community area on the second floor of building, a community pool literally just steps away from this unit, one assigned storage closet in carport area, and one assigned covered parking spot. Very convenient location- easy access to Fort Myers, right down the road from the riverfront Jaycee Park (w/ fitness stations, playground equipment, picnic areas & BBQ grills for rent), right around the corner from downtown Cape Coral, and just a short drive to the Cape Coral Yacht Club which is currently undergoing a multi-million dollar renovation that includes a two-story, 47,000-square-foot community center, two resort-style pools, and an fishing pier.

Last Agent to Sell the Property

Denny Grimes

Keller Williams Realty Naples License #258000307 Listed on: 04/26/2024

Keller Williams Realty Naples

Co-Listed By

Tony Erpenbeck

Keller Williams Realty Naples License #258019075

Last Buyer's Agent

Brooke Auerbach

Palm Paradise Realty Group License #258035268

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,863

Year Built

  • Built in 1975

Lot Details

  • Home fronts a seawall
  • Home fronts navigable water
  • South Facing Home
  • Sprinkler System
  • Zero Lot Line

HOA Fees

  • $767 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor
  • Metal Roof
  • Stucco

Interior Spaces

  • 1,186 Sq Ft Home
  • 2-Story Property
  • Tray Ceiling
  • Ceiling Fan
  • Electric Shutters
  • Single Hung Windows
  • Sliding Windows
  • Great Room
  • Combination Dining and Living Room
  • Screened Porch
  • Canal Views

Kitchen

  • Breakfast Bar
  • Self-Cleaning Oven
  • Cooktop
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • Maid or Guest Quarters
  • 2 Full Bathrooms
  • Shower Only
  • Separate Shower

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • 1 Detached Carport Space
  • Driveway
  • Deeded Parking
  • Assigned Parking

Outdoor Features

  • Canal Access
  • Screened Patio
  • Outdoor Storage

Schools

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

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 204 / 500
  • Assessor Parcel Number 08-45-24-C1-00500.2040

Community Details

Overview

  • Association fees include management, insurance, irrigation water, pest control, recreation facilities, reserve fund, road maintenance, sewer, security, trash, water
  • 16 Units
  • Association Phone (239) 542-4404
  • Villa Lisa Condo Subdivision

Amenities

  • Community Storage Space

Recreation

  • Boat Dock
  • Community Pool
  • Park

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Impact Glass
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,863

Year Built

Built in 1975

Lot Details

0

HOA Fees

$767 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Road Surface Type: Paved
  • Co List Office Mls Id: FKWN
  • Co List Office Phone: 239-449-1000
  • Ownership: Condo
  • Subdivision Name: VILLA LISA CONDO
  • Directions: Del Prado Blvd to east on Beach Pkwy, left on SE 19th Ave, right onto SE 40th Ter and then left to Villa Lisa condos on the left.
  • Architectural Style: Two Story, Low Rise
  • Carport Y N: Yes
  • Entry Level: 2
  • Garage Yn: No
  • Unit Levels: Two
  • Building Stories: 2
  • Structure Type: Low Rise
  • Year Built: 1975
  • ResoBuildingAreaSource: Appraiser
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Furnished: Unfurnished
  • Private Spa: No
  • Appliances: Cooktop, Dryer, Dishwasher, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Carpet, Tile
  • Interior Amenities: Breakfast Bar, Tray Ceiling(s), Living/Dining Room, Shower Only, Separate Shower, Cable TV, Walk-In Closet(s)
  • Living Area: 1186.0
  • Dining Room Type: Bathroom, Guest Quarters, Screened Porch, Great Room
  • Stories: 2
  • Window Features: Single Hung, Sliding, Impact Glass, Window Coverings
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Lot Features: Zero Lot Line, Sprinklers Automatic
  • Pool Features: Community
  • Pool Private: No
  • View: Canal
  • View: Yes
  • Waterfront Features: Canal Access, Navigable Water, Seawall
  • Waterfront: Yes
  • Disclosures: RV Restriction(s)
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: South
  • Exterior Features: Sprinkler/Irrigation, Patio, Storage, Shutters Electric
  • Patio And Porch Features: Lanai, Patio, Porch, Screened
  • Property Condition: Resale
  • Roof: Metal

Garage/Parking

  • Carport Spaces: 1.0
  • Covered Parking Spaces: 1.0
  • Parking Features: Assigned, Covered, Deeded, Driveway, Paved, One Space, Detached Carport

Utilities

  • Laundry Features: Inside
  • Security: None, Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Boat Facilities, Non-Gated
  • Amenities: Boat Dock, Park, Pool, Storage
  • Association #2 Fee: 2300.0
  • Association #2 Fee Frequency: Quarterly
  • Phone: 239-542-4404
  • Association: Yes
  • Pets Allowed: Call, Conditional
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Association Management, Insurance, Irrigation Water, Pest Control, Recreation Facilities, Reserve Fund, Road Maintenance, Sewer, Security, Trash, Water

Schools

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

Lot Info

  • Parcel #: 08-45-24-C1-00500.2040
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 16

Tax Info

  • Tax Annual Amount: 3863.3
  • Tax Block: 500
  • Tax Lot: 204
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2024
Closed on
Jul 17, 2024
Sold by
Barbara E Cacioppo Trust and Cacioppo James P
Bought by
Scherbarth Mark and Scherbarth Angela
Seller's Agent
Denny Grimes
Keller Williams Realty Naples
Buyer's Agent
Brooke Auerbach
Palm Paradise Realty Group
List Price
$359,000
Sold Price
$285,000
Premium/Discount to List
-$74,000
-20.61%
Views
28
Current Estimated Value
$257,732

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$27,268
Avg. Annual Appreciation
-7.73%
Original Mortgage
$256,500
Outstanding Balance
$253,365
Interest Rate
6.87%
Mortgage Type
VA
Estimated Equity
$4,367

Purchase Details

Closed on
Mar 22, 2006
Sold by
Baird Gary E and Vance Donna
Bought by
Cacioppo Barbara E and Barbara E Cacioppo Trust

Purchase Details

Closed on
Jul 3, 2003
Sold by
Baird Gary E
Bought by
Baird Gary E and Vance Donna
Source: Public Records

Range of Values:

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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
Scherbarth Mark $285,000 None Listed On Document
Cacioppo Barbara E $262,500 Attorney
Baird Gary E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Scherbarth Mark $256,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2024 10/31/24 Pending -- -- --
07/26/2024 07/26/24 Sold $285,000 -1.7% $240 / Sq Ft
06/21/2024 06/21/24 Price Changed $289,900 -3.3% $244 / Sq Ft
06/07/2024 06/07/24 Price Changed $299,900 -7.7% $253 / Sq Ft
05/23/2024 05/23/24 Price Changed $325,000 -5.8% $274 / Sq Ft
05/07/2024 05/07/24 Price Changed $345,000 -3.9% $291 / Sq Ft
04/26/2024 04/26/24 For Sale $359,000 -- $303 / 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 $4,148 $210,273 -- $210,273
2024 $4,148 $219,371 -- --
2023 $3,863 $199,428 $0 $0
2022 $3,523 $181,298 $0 $0
2021 $3,199 $164,816 $0 $164,816
2020 $3,135 $164,730 $0 $164,730
2019 $2,965 $165,538 $0 $165,538
2018 $2,879 $166,345 $0 $166,345
2017 $2,717 $158,270 $0 $158,270
2016 $2,646 $160,082 $0 $160,082
2015 $2,341 $128,400 $0 $128,400
2014 $2,171 $120,120 $0 $120,120
2013 -- $109,800 $0 $109,800
Source: Public Records

Agents Affiliated with this Home

  • Denny Grimes

    Seller's Agent in 2024

    Denny Grimes

    Keller Williams Realty Naples

    (239) 851-4600

    10 in this area

    568 Total Sales

    Denny Grimes
    Section Image

  • T

    Seller Co-Listing Agent in 2024

    Tony Erpenbeck

    Keller Williams Realty Naples

    (239) 849-5090

    7 in this area

    225 Total Sales

    Tony Erpenbeck
    Section Image

  • B

    Buyer's Agent in 2024

    Brooke Auerbach

    Palm Paradise Realty Group

    (909) 767-2434

    2 in this area

    11 Total Sales

    Brooke Auerbach
    Section Image
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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 224036878

Florida Gulf Coast Multiple Listing Service

APN: 08-45-24-C1-00500.2040

Florida Lee County Cape Coral 33904 Caloosahatchee

1915 SE 40th Terrace Unit 204, Cape Coral, FL

This home is located at 1915 SE 40th Terrace Unit 204, Cape Coral, FL 33904 since 26 April 2024 and is currently estimated at $257,732, approximately $217 per square foot. This property was built in 1975. 1915 SE 40th Terrace Unit 204 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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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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