NOT LISTED FOR SALE

2406 SW 40th Terrace Cape Coral, FL 33914

Pelican Neighborhood

Estimated Value: $440,000 - $561,000

3 Beds
2 Baths
1,536 Sq Ft
$336/Sq Ft Est. Value

Last Sold March 19, 2020

Last sale price $250,000 $163 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $3,426/month

135 Days on Market

Highlights

  • Home fronts a seawall
  • Canal Access
  • Vaulted Ceiling
  • Cape Elementary School Rated A-
  • Canal View
  • No HOA

About This Home

As of March 2020

What a Spectacular view!! Southern exposure down an expansive intersecting Gulf access canal! Imagine relaxing in your screened lanai enjoying the views. This open great room, split bedroom design with vaulted ceilings has amazing water views throughout. All of this for under $300k!

Last Agent to Sell the Property

Gary Robbins

Carney Realty & Associates Inc License #252013610 Listed on: 10/05/2019

Co-Listed By

Amy Robbins

Carney Realty & Associates Inc License #252012974

Last Buyer's Agent

Jennifer High

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,917

Year Built

  • Built in 1983

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 80 x 120 x 80 x 120
  • Home fronts a seawall
  • Home fronts a canal
  • North Facing Home
  • Rectangular Lot
  • Property is zoned R1-W

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,536 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Open Floorplan
  • Tile Flooring
  • Canal Views
  • Fire and Smoke Detector

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms
  • Shower Only
  • Separate Shower

Laundry

  • Laundry in Garage
  • Washer and Dryer Hookup

Outdoor Features

  • Canal Access
  • Screened Patio
  • Outdoor Storage
  • Porch

Utilities

  • Central Heating and Cooling System
  • Sewer Assessments
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Cape Coral Subdivision

Listing and Financial Details

  • Legal Lot and Block 5 / 4945
  • Assessor Parcel Number 09-45-23-C1-04945.0050

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,917

Year Built

Built in 1983

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.23
  • Lot Size: 80 x 120 x 80 x 120
  • Co List Office Mls Id: FCPR
  • Co List Office Phone: (239) 747-2017
  • Ownership: Single Family
  • Subdivision Name: CAPE CORAL
  • Directions: From Beach Pkwy, turn north onto Oasis Blvd. From Oasis Blvd, turn east onto 40th Ter and the home is the 3rd home on the right.
  • Architectural Style: Ranch, One Story
  • Carport Y N: No
  • Entry Level: 1
  • Garage Yn: Yes
  • Building Stories: 1
  • Year Built: 1983
  • ResoBuildingAreaSource: Appraiser
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Furnished: Unfurnished
  • Private Spa: No
  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Tile
  • Interior Amenities: Family/Dining Room, High Speed Internet, Living/Dining Room, Split Bedrooms, Shower Only, Separate Shower, Cable TV, Vaulted Ceiling(s), Walk-In Closet(s)
  • Living Area: 1536.0
  • Stories: 1
  • Window Features: Other
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Lot Features: Rectangular Lot
  • Pool Private: No
  • View: Canal
  • Waterfront Features: Canal Access, Intersecting Canal, Seawall
  • Waterfront: Yes
  • Disclosures: RV Restriction(s)
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: North
  • Exterior Features: Room For Pool, Storage
  • Patio And Porch Features: Porch, Screened
  • Property Condition: Resale
  • Roof: Shingle

Garage/Parking

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

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup, In Garage
  • Security: None, Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Assessment Paid, Public Sewer
  • Water Source: Assessment Paid, Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Amenities: See Remarks
  • Association: No
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: None

Lot Info

  • Parcel #: 09-45-23-C1-04945.0050
  • Zoning Description: R1-W
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 1

Tax Info

  • Tax Annual Amount: 3917.0
  • Tax Block: 4945
  • Tax Lot: 5
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 22, 2025
Sold by
Anthony Janet
Bought by
Anthony Michael
Current Estimated Value
$516,282

Purchase Details

Listed on
Oct 5, 2019
Closed on
Mar 19, 2020
Sold by
Lyn Placida S
Bought by
Anthony Janet L
Seller's Agent
Gary Robbins
Carney Realty & Associates Inc
Buyer's Agent
Jennifer High
List Price
$289,900
Sold Price
$250,000
Premium/Discount to List
-$39,900
-13.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.23%

Purchase Details

Listed on
May 31, 2014
Closed on
Jul 29, 2015
Sold by
Vaught Horton David Christopher and Vaught Horton Julia
Bought by
Lyn Placida S
Seller's Agent
Bob Murray
Century 21 Selling Paradise
Buyer's Agent
Fred Price III
List Price
$269,900
Sold Price
$216,000
Premium/Discount to List
-$53,900
-19.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.20%

Purchase Details

Closed on
Jul 23, 2009
Sold by
Bank Of New York
Bought by
Vaught Horton David Christopher and Vaught Horton Julia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,685
Interest Rate
5.37%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 2, 2009
Sold by
Fehlberg Kevin J
Bought by
Bank Of New York

Purchase Details

Closed on
Nov 8, 2005
Sold by
Brown Sharon Denise and Stark Ladonna Jo
Bought by
Fehlberg Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,250
Interest Rate
6.23%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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Average Value
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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
Anthony Michael $100 None Listed On Document
Anthony Janet L $250,000 Precision Title Company Inc
Lyn Placida S $216,000 Omega Title Florida
Vaught Horton David Christopher $183,000 Consumer Title & Escrow Serv
Bank Of New York -- None Available
Fehlberg Kevin $475,000 Community Title Group Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Horton David Christopher $183,048
Previous Owner Vaught Horton David Christopher $179,685
Previous Owner Fehlberg Kevin $100,000
Previous Owner Fehlberg Kevin $356,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2020 03/19/20 Sold $250,000 -13.8% $163 / Sq Ft
02/18/2020 02/18/20 Pending -- -- --
10/05/2019 10/05/19 For Sale $289,900 0.0% $189 / Sq Ft
10/22/2015 10/22/15 For Rent -- -- --
10/22/2015 10/22/15 Rented -- -- --
07/30/2015 07/30/15 Sold $216,000 -20.0% $141 / Sq Ft
06/30/2015 06/30/15 Pending -- -- --
05/31/2014 05/31/14 For Sale $269,900 -- $176 / 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 $7,357 $375,201 -- --
2023 $6,998 $341,092 $0 $0
2022 $6,123 $310,084 $0 $0
2021 $4,311 $215,880 $123,681 $92,199
2020 $4,050 $193,798 $118,800 $74,998
2019 $3,817 $182,499 $118,800 $63,699
2018 $3,917 $184,106 $107,800 $76,306
2017 $3,999 $187,331 $88,000 $99,331
2016 $3,664 $166,793 $90,132 $76,661
2015 $2,204 $158,604 $81,485 $77,119
2014 -- $146,801 $72,020 $74,781
2013 -- $145,910 $51,562 $94,348
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2020

    Gary Robbins

    Carney Realty & Associates Inc

    Section Image
  • Amy Robbins

    Seller Co-Listing Agent in 2020

    Amy Robbins

    Carney Realty & Associates Inc

    (239) 848-8476

    13 in this area

    98 Total Sales

    Amy Robbins
    Section Image

  • J

    Buyer's Agent in 2020

    Jennifer High

    Section Image

  • M

    Seller's Agent in 2015

    Michelle Linenko

    Priceless Realty, Inc.

    (239) 223-8505

    3 in this area

    63 Total Sales

    Michelle Linenko
    Section Image

  • B

    Seller's Agent in 2015

    Bob Murray

    Century 21 Selling Paradise

  • F

    Buyer's Agent in 2015

    Fred Price III

See All Agents

Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 219065727

Florida Gulf Coast Multiple Listing Service

APN: 09-45-23-C1-04945.0050

Florida Lee County Cape Coral 33914 Pelican

2406 SW 40th Terrace, Cape Coral, FL

This home is located at 2406 SW 40th Terrace, Cape Coral, FL 33914 since 05 October 2019 and is currently estimated at $516,282, approximately $336 per square foot. This property was built in 1983. 2406 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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