NOT LISTED FOR SALE

254 SW 3rd Terrace Unit 1-3 Cape Coral, FL 33991

Hancock Neighborhood

Estimated Value: $528,897 - $607,000

6 Beds
4 Baths
3,000 Sq Ft
$188/Sq Ft Est. Value

Last Sold November 12, 2021

Last sale price $517,000 $172 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,796/month

109 Days on Market

Highlights

  • Patio
  • Tile Flooring
  • Ceiling Fan
  • Cape Elementary School Rated A-
  • Central Heating and Cooling System
  • 2-minute walk to Bill Austen Youth Center/Eagle Skate Park

About This Home

As of November 2021

This Tri-plex is located 3 blocks behind Sun Splash, a great central location here in Cape Coral. A new roof was just replaced 6/1/2021. All units are rented. # 1 expires 12/30/21, # 2 expires 8/30/22, # 3 expires 11/30/21. All tenants want to stay and are below market rents. All units have washer and dryers and are included with the sale. New concrete patio pads for each unit. This tri-plex has been well maintained and is in great shape.

Last Agent to Sell the Property

Donald Perroth

Florida's Realty LLC License #258017926 Listed on: 06/25/2021

Last Buyer's Agent

Cindy Day

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,799

Year Built

  • Built in 1998

Lot Details

  • 0.34

Home Design

  • Triplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 3,000 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Sliding Windows
  • Tile Flooring

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Central Heating and Cooling System
  • Sewer Assessments

Additional Features

  • Patio
  • 0.34 Acre Lot

Listing and Financial Details

  • Tenant pays for cable TV, departure cleaning, electricity, internet
  • Legal Lot and Block 22 / 1954
  • Assessor Parcel Number 14-44-23-C3-01954.0220

Community Details

Overview

  • 3 Units
  • Cape Coral Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $10,638
  • Net Operating Income $28,662

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,799

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Property Sub Type: Triplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.344
  • Subdivision Name: CAPE CORAL
  • Directions: Santa Barbara to west on Mid Cape Ter, make left on SW 2nd Ave to right on 3rd Ter. Tri-plex is on your left
  • Architectural Style: Other, Ranch, One Story
  • Building Stories: 1
  • Structure Type: Triplex
  • Year Built: 1998
  • Property Sub Type Additional: Triplex
  • Special Features: None
  • Stories: 1

Interior Features

  • Private Spa: No
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Flooring: Tile
  • Window Features: Sliding

Exterior Features

  • Lot Features: Multiple lots
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Exterior Features: Patio
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Shingle

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Assessment Paid
  • Water Source: Assessment Paid

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Amenities: None
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 14-44-23-C3-01954.0220
  • Zoning Description: R3-D
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Cable TV, Departure Cleaning, Electricity, Internet

Multi Family

  • Number Of Units Total: 3
  • Property Net Operating Income: 28662.0
  • Annual Operating Expense: 10638.0

Tax Info

  • Tax Annual Amount: 6799.0
  • Tax Block: 1954
  • Tax Lot: 22
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2021
Closed on
Nov 12, 2021
Sold by
Perroth Donald Charles and The Donald Charles Perroth Tru
Bought by
Lovallo Edward F and Lovallo Kristin J
Seller's Agent
Donald Perroth
Florida's Realty LLC
Buyer's Agent
Cindy Day
List Price
$645,000
Sold Price
$517,000
Premium/Discount to List
-$128,000
-19.84%
Current Estimated Value
$562,974

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,974
Avg. Annual Appreciation
2.19%
Original Mortgage
$387,750
Outstanding Balance
$355,306
Interest Rate
2.99%
Mortgage Type
New Conventional
Estimated Equity
$207,668

Purchase Details

Listed on
Jul 19, 2018
Closed on
Sep 17, 2018
Sold by
Cleveland Robert Graham
Bought by
Perroth Donald Charles
Seller's Agent
Donald Perroth
Florida's Realty LLC
Buyer's Agent
Donald Perroth
Florida's Realty LLC
List Price
$255,000
Sold Price
$210,000
Premium/Discount to List
-$45,000
-17.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.99%

Purchase Details

Closed on
Oct 10, 2012
Sold by
Clark Joy
Bought by
Cleveland Godfrey and Cleveland Jeanette

Purchase Details

Closed on
Mar 2, 2012
Sold by
Wise Joy
Bought by
The Joy Clark Declaration Of Trust

Purchase Details

Closed on
Aug 19, 2010
Sold by
Christianson John
Bought by
Wise Joy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 12, 2010
Sold by
Delkon Properties Llc
Bought by
Christianson John

Purchase Details

Closed on
Jan 25, 2010
Sold by
Marquez Jose
Bought by
Delkon Properties Llc

Purchase Details

Closed on
Feb 11, 2005
Sold by
Slowinski Richard D
Bought by
Marquez Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
7.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 21, 2002
Sold by
Ballard Steven P
Bought by
Slowiaski Richard D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,500
Interest Rate
6.53%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 3, 1997
Sold by
Ballard C Robert
Bought by
Ballard Steven P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,238
Interest Rate
7.58%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 31, 1997
Sold by
City Of Cape Coral
Bought by
Ballard C Robert

Purchase Details

Closed on
Dec 1, 1995
Sold by
Clerk Circuit Court
Bought by
City Cape Coral
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
Lovallo Edward F $517,000 Title Professionals Of Fl
Perroth Donald Charles $210,000 Title Professionals Of Flori
Cleveland Godfrey $152,000 Title Professionals Of Flori
The Joy Clark Declaration Of Trust -- Attorney
Wise Joy $152,500 Progressive Title Inc
Christianson John -- None Available
Delkon Properties Llc $99,100 None Available
Marquez Jose $320,000 Sunbelt Title Agency
Slowiaski Richard D $216,900 --
Ballard Steven P $6,000 --
Ballard C Robert $9,500 --
City Cape Coral $4,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lovallo Edward F $387,750
Previous Owner Wise Joy $108,750
Previous Owner Marquez Jose $256,000
Previous Owner Slowiaski Richard D $173,500
Previous Owner Ballard Steven P $156,238
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/12/2021 11/12/21 Sold $517,000 -19.8% $172 / Sq Ft
10/13/2021 10/13/21 Pending -- -- --
06/25/2021 06/25/21 For Sale $645,000 +207.1% $215 / Sq Ft
09/17/2018 09/17/18 Sold $210,000 -17.6% -- View Prior Sale
08/18/2018 08/18/18 Pending -- -- --
07/19/2018 07/19/18 For Sale $255,000 -- --
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
2025 $9,735 $544,523 -- --
2024 $9,443 $495,021 $111,470 $372,145
2023 $9,443 $476,091 $0 $0
2022 $8,417 $432,817 $50,000 $382,817
2021 $6,889 $318,886 $50,000 $268,886
2020 $6,799 $289,898 $50,000 $239,898
2019 $6,728 $284,231 $56,000 $228,231
2018 $6,556 $268,884 $47,000 $221,884
2017 $5,877 $247,073 $16,000 $231,073
2016 $5,295 $215,790 $16,000 $199,790
2015 $4,940 $185,401 $12,400 $173,001
2014 -- $166,406 $10,340 $156,066
2013 -- $143,392 $5,300 $138,092
Source: Public Records

Agents Affiliated with this Home

  • Donald Perroth

    Seller's Agent in 2021

    Donald Perroth

    Florida's Realty LLC

    (239) 560-6781

    10 in this area

    34 Total Sales

    Donald Perroth
    Section Image

  • C

    Buyer's Agent in 2021

    Cindy Day

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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 221047291

Florida Gulf Coast Multiple Listing Service

APN: 14-44-23-C3-01954.0220

Florida Lee County Cape Coral 33991 Hancock

254 SW 3rd Terrace Unit 1-3, Cape Coral, FL

This home is located at 254 SW 3rd Terrace Unit 1-3, Cape Coral, FL 33991 since 25 June 2021 and is currently estimated at $562,974, approximately $187 per square foot. This property was built in 1998. 254 SW 3rd Terrace Unit 1-3 is a home located in Lee County with nearby schools including Caloosa Elementary School, Tropic Isles Elementary School, and Hancock Creek 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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