NOT LISTED FOR SALE

2707 SW 48th Terrace Cape Coral, FL 33914

Pelican Neighborhood

Estimated Value: $564,839 - $697,000

3 Beds
3 Baths
2,501 Sq Ft
$256/Sq Ft Est. Value

Last Sold September 12, 2023

Last sale price $675,000 $270 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $4,087/month

Highlights

  • Heated In Ground Pool
  • City View
  • Furnished
  • Cape Elementary School Rated A-
  • High Ceiling
  • No HOA

About This Home

As of September 2023

This one checks all the boxes SW Cape Coral pool home 2501 sq ft of living space 3 bedroom 3 bathroom plus a den and a huge bonus room currently used as 4th non conforming bedroom. Huge triple slider to the newly resurfaced pool, large grilling and patio areas. Makes your outdoor oasis really shine. This home is situated on a very high end block of homes. It also has been a pretty darn good vacation rental: 4 months of revenue in 2020 was 25K, 2021 was 54k, 2022 was 82k. 2023 was recovery and repair time for a lot of the Cape we are at 23k for 2023 with a few months to go. This home has new exterior paint, new roof, newly resurfaced pool. Did I mention that the new owner will start 2024 with 20k in bookings. Enough the photos will speak to you now! Enjoy!

Last Agent to Sell the Property

John Archer

JP & Associates Realtors South License #258008208 Listed on: 08/10/2023

Last Buyer's Agent

Steffen Vetter

Vesteva Real Estate License #252011513

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,001

Year Built

  • Built in 2005

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 80 x 125 x 80 x 125
  • South Facing Home
  • Rectangular Lot
  • Sprinkler System
  • Property is zoned R1-D

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

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

Interior Spaces

  • 2,501 Sq Ft Home
  • 1-Story Property
  • Central Vacuum
  • Furnished
  • High Ceiling
  • Ceiling Fan
  • Shutters
  • Single Hung Windows
  • Open Floorplan
  • Tile Flooring
  • City Views
  • Fire and Smoke Detector

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Built-In Self-Cleaning Oven
  • Electric Cooktop
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • 3 Full Bathrooms
  • Bathtub
  • Separate Shower

Laundry

  • Washer
  • Laundry Tub

Outdoor Features

  • Heated In Ground Pool
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System
  • Sewer Assessments

Community Details

  • No Home Owners Association
  • Cape Coral Subdivision

Listing and Financial Details

  • Legal Lot and Block 45 / 5026
  • Assessor Parcel Number 17-45-23-C2-05026.0450

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,001

Year Built

Built in 2005

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 125 x 80 x 125
  • Road Surface Type: Paved
  • Ownership: Single Family
  • Subdivision Name: CAPE CORAL
  • Directions: VETERANS to Surfside south to beach west to Sands south to 48th Terrace left to home on the left
  • Architectural Style: Ranch, One Story
  • Carport Y N: No
  • Entry Level: 1
  • Garage Yn: Yes
  • Building Stories: 1
  • Year Built: 2005
  • ResoBuildingAreaSource: Appraiser
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Furnished: Furnished
  • Private Spa: No
  • Appliances: Built-In Oven, Dishwasher, Electric Cooktop, Freezer, Disposal, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Flooring: Tile
  • Interior Amenities: Breakfast Bar, Bathtub, Family/Dining Room, High Ceilings, Kitchen Island, Living/Dining Room, Pantry, Separate Shower, Walk-In Pantry, Central Vacuum, Split Bedrooms
  • Living Area: 2501.0
  • Stories: 1
  • Window Features: Single Hung, Window Coverings
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Lot Features: Rectangular Lot, Sprinklers Automatic
  • Pool Features: Electric Heat, Heated, In Ground
  • Pool Private: Yes
  • View: City
  • View: Yes
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: RV Restriction(s)
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: South
  • Exterior Features: Sprinkler/Irrigation, Outdoor Grill, Shutters Manual
  • 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, Inside, Laundry Tub
  • Security: Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s), 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: None
  • Association: No
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: None

Lot Info

  • Parcel #: 17-45-23-C2-05026.0450
  • Zoning Description: R1-D
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 1

Tax Info

  • Tax Annual Amount: 7000.91
  • Tax Block: 5026
  • Tax Lot: 45
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2023
Closed on
Sep 12, 2023
Sold by
Wagner Chad
Bought by
Schockemoehle Franz and Ferwerda Marianne
Seller's Agent
John Archer
JP & Associates Realtors South
Buyer's Agent
Steffen Vetter
Vesteva Real Estate
List Price
$675,000
Sold Price
$675,000
Views
27
Current Estimated Value
$639,710

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$35,290
Avg. Annual Appreciation
-2.50%

Purchase Details

Listed on
Jun 10, 2019
Closed on
Oct 30, 2019
Sold by
Payne Riley Elizabeth and Camba Jennifer L
Bought by
Wagner Chad
Seller's Agent
Michael Darda
Compass Florida LLC
Buyer's Agent
Mark Iverson
Records Results! Inc
List Price
$359,000
Sold Price
$320,000
Premium/Discount to List
-$39,000
-10.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.21%
Original Mortgage
$256,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 30, 2003
Sold by
Catania Felice and Catania Sarina
Bought by
Payne Carl L and Payne Cathy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,750
Interest Rate
6.28%
Source: Public Records

Range of Values:

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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
Schockemoehle Franz $675,000 Access Title Agency
Wagner Chad $320,000 Title Professionals Of Fl
Payne Carl L $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wagner Chad $256,000
Previous Owner Payne Carl L $33,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/12/2023 09/12/23 Sold $675,000 0.0% $270 / Sq Ft
09/12/2023 09/12/23 Pending -- -- --
08/10/2023 08/10/23 For Sale $675,000 +110.9% $270 / Sq Ft
10/28/2019 10/28/19 Sold $320,000 -10.9% $128 / Sq Ft View Prior Sale
09/28/2019 09/28/19 Pending -- -- --
06/10/2019 06/10/19 For Sale $359,000 -- $144 / 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 $8,454 $501,383 $88,825 $386,514
2024 $7,916 $480,566 $117,964 $336,849
2023 $7,916 $393,369 $0 $0
2022 $7,001 $357,608 $0 $0
2021 $6,413 $325,382 $52,000 $273,382
2020 $6,331 $295,544 $50,000 $245,544
2019 $6,483 $297,966 $49,000 $248,966
2018 $4,143 $205,138 $0 $0
2017 $4,140 $200,919 $0 $0
2016 $4,091 $276,635 $45,000 $231,635
2015 $4,189 $266,889 $40,300 $226,589
2014 $4,114 $240,213 $32,000 $208,213
2013 -- $228,701 $19,500 $209,201
Source: Public Records

Agents Affiliated with this Home

  • John Archer

    Seller's Agent in 2023

    John Archer

    JP & Associates Realtors South

    (715) 205-1449

    5 in this area

    9 Total Sales

    John Archer
    Section Image
  • Steffen Vetter

    Buyer's Agent in 2023

    Steffen Vetter

    Vesteva Real Estate

    (239) 470-5719

    43 in this area

    101 Total Sales

    Steffen Vetter
    Section Image
  • Michael Darda

    Seller's Agent in 2019

    Michael Darda

    Compass Florida LLC

    (239) 256-3733

    245 in this area

    1,412 Total Sales

    Michael Darda
    Section Image
  • Andrew Darda

    Seller Co-Listing Agent in 2019

    Andrew Darda

    Compass Florida LLC

    (239) 849-3883

    77 in this area

    336 Total Sales

    Andrew Darda
    Section Image

  • M

    Buyer's Agent in 2019

    Mark Iverson

    Records Results! Inc

See All Agents

Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 223053968

Florida Gulf Coast Multiple Listing Service

APN: 17-45-23-C2-05026.0450

Florida Lee County Cape Coral 33914 Pelican

2707 SW 48th Terrace, Cape Coral, FL

This home is located at 2707 SW 48th Terrace, Cape Coral, FL 33914 since 10 August 2023 and is currently estimated at $639,710, approximately $255 per square foot. This property was built in 2005. 2707 SW 48th Terrace 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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