NOT LISTED FOR SALE

2553 SW 38th Terrace Cape Coral, FL 33914

Pelican Neighborhood

Estimated Value: $622,000 - $704,000

3 Beds
3 Baths
2,168 Sq Ft
$308/Sq Ft Est. Value

Last Sold May 11, 2023

Last sale price $690,000 $318 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $3,709/month

Highlights

  • New Construction
  • Concrete Pool
  • No HOA
  • Cape Elementary School Rated A-
  • Corner Lot
  • 3 Car Attached Garage

About This Home

As of May 2023

Corner Lot in SW Cape Coral. This new construction pool home offers 3 Beds, 3 Baths, and a den. The open kitchen has granite, walk-up bar and separate breakfast nook overlooking the back lanai and pool area. The gourmet kitchen boasts a flat island with beautiful granite and the upgraded appliances. There is 6” x 36” plank tile with crack suppressant in the throughout with carpet in the guest bedrooms. The master suite includes a tray ceiling feature. The master bath is spacious with double sinks, a his and hers walk-in closets, a large walk-in rain shower and slider entry to the back lanai and pool. Pool included a sunshelf with water fall feature and is a salt water. The details of this home include 12' ceilings in the great room with double tray ceilings at 14 ft and 8' doors throughout. ALL doors and windows are hurricane impact resistant. This home offers significant curb appeal with dimensional shingles and a plush landscape package. The back provides ample outdoor space for relaxing and entertaining, and has decorative lanai pavers, as well as a pool bath leading to the interior of the home. All ASSESSMENTS PAID.

Last Agent to Sell the Property

Brian Ludden

Pinnacle Property Group License #258007237 Listed on: 01/20/2023

Last Buyer's Agent

Brian Koonmen

RE/MAX Trend License #258033599

RE/MAX Trend

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,331

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 90 x 125 x 90 x 125
  • South Facing Home
  • Corner Lot
  • Sprinkler System
  • Property is zoned R1-D

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Home Design

  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,168 Sq Ft Home
  • 1-Story Property
  • Coffered Ceiling
  • Ceiling Fan
  • Single Hung Windows
  • Sliding Windows
  • Entrance Foyer
  • Tile Flooring

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Electric Cooktop
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms
  • Dual Sinks
  • Shower Only
  • Multiple Shower Heads
  • Separate Shower

Laundry

  • Laundry Tub
  • Washer and Dryer Hookup

Home Security

  • Impact Glass
  • High Impact Door
  • Fire and Smoke Detector

Pool

  • Concrete Pool
  • In Ground Pool

Utilities

  • Central Heating and Cooling System
  • Sewer Assessments
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Cape Coral Subdivision

Listing and Financial Details

  • Legal Lot and Block 55 / 4935
  • Assessor Parcel Number 05-45-23-C3-04935.0550

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,331

Year Built

Built in 2023 | New Construction

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.255
  • Lot Size: 90 x 125 x 90 x 125
  • Ownership: Single Family
  • Subdivision Name: CAPE CORAL
  • Architectural Style: Ranch, One Story
  • Carport Y N: No
  • Garage Yn: Yes
  • New Construction: Yes
  • Building Stories: 1
  • Year Built: 2023
  • ResoBuildingAreaSource: Plans
  • Property Sub Type Additional: Single Family Residence
  • Special Features: NewHome
  • Stories: 1

Interior Features

  • Furnished: Unfurnished
  • Private Spa: No
  • Appliances: Built-In Oven, Dishwasher, Electric Cooktop, Disposal
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Flooring: Tile
  • Interior Amenities: Coffered Ceiling(s), Dual Sinks, Entrance Foyer, Eat-in Kitchen, Multiple Shower Heads, Shower Only, Separate Shower, Cable TV, Walk-In Closet(s)
  • Living Area: 2168.0
  • Stories: 1
  • Window Features: Single Hung, Sliding, Impact Glass
  • ResoLivingAreaSource: Plans

Exterior Features

  • Lot Features: Corner Lot, Sprinklers Automatic
  • Pool Features: Concrete, In Ground
  • Pool Private: Yes
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: South
  • Exterior Features: Security/High Impact Doors, Sprinkler/Irrigation
  • Property Condition: New Construction
  • Roof: Shingle

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 3.0
  • Garage Spaces: 3.0
  • Parking Features: Attached, Garage, Garage Door Opener

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup, Inside, Laundry Tub
  • Security: None, Smoke Detector(s)
  • 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

  • Amenities: None
  • Association: No
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: None

Lot Info

  • Parcel #: 05-45-23-C3-04935.0550
  • Zoning Description: R1-D
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 1

Tax Info

  • Tax Annual Amount: 1330.75
  • Tax Block: 4935
  • Tax Lot: 55
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2023
Closed on
May 3, 2023
Sold by
Pinnacle Building Solutions Llc
Bought by
R & Bs Happy Place Llc
Seller's Agent
Brian Ludden
Pinnacle Property Group
Buyer's Agent
Brian Koonmen
RE/MAX Trend
List Price
$750,000
Sold Price
$690,000
Premium/Discount to List
-$60,000
-8%
Views
36
Current Estimated Value
$668,290

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$21,710
Avg. Annual Appreciation
-1.33%
Original Mortgage
$550,000
Outstanding Balance
$534,995
Interest Rate
6.28%
Mortgage Type
Construction
Estimated Equity
$133,571

Purchase Details

Closed on
Feb 21, 2019
Sold by
Haycock Helen E
Bought by
Pinnacle Building Solutions Llc
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
R & Bs Happy Place Llc $690,000 Townsend Title Insurance Agenc
Pinnacle Building Solutions Llc $49,000 Townsend Title Ins Agcy Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open R & Bs Happy Place Llc $550,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2023 05/11/23 Sold $690,000 -3.5% $318 / Sq Ft
04/28/2023 04/28/23 Pending -- -- --
03/02/2023 03/02/23 Price Changed $715,000 -1.4% $330 / Sq Ft
02/14/2023 02/14/23 Price Changed $725,000 -3.3% $334 / Sq Ft
01/20/2023 01/20/23 For Sale $750,000 -- $346 / 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 $1,780 $627,143 $83,893 $481,782
2023 $1,780 $50,820 $0 $0
2022 $1,296 $46,200 $0 $0
2021 $1,331 $42,000 $42,000 $0
2020 $1,568 $39,700 $39,700 $0
2019 $1,465 $37,800 $37,800 $0
2018 $1,476 $36,000 $36,000 $0
2017 $1,475 $38,437 $38,437 $0
2016 $1,427 $30,000 $30,000 $0
2015 $1,488 $28,600 $28,600 $0
2014 -- $24,000 $24,000 $0
2013 -- $13,100 $13,100 $0
Source: Public Records

Agents Affiliated with this Home

  • Brian Ludden

    Seller's Agent in 2023

    Brian Ludden

    Pinnacle Property Group

    (239) 225-3172

    27 in this area

    127 Total Sales

    Brian Ludden
    Section Image
  • Brian Koonmen

    Buyer's Agent in 2023

    Brian Koonmen

    RE/MAX

    (239) 980-7714

    5 in this area

    43 Total Sales

    Brian Koonmen
    Section Image
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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 223005094

Florida Gulf Coast Multiple Listing Service

APN: 05-45-23-C3-04935.0550

Florida Lee County Cape Coral 33914 Pelican

2553 SW 38th Terrace, Cape Coral, FL

This home is located at 2553 SW 38th Terrace, Cape Coral, FL 33914 since 20 January 2023 and is currently estimated at $668,290, approximately $308 per square foot. This property was built in 2023. 2553 SW 38th 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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