NOT LISTED FOR SALE

406 SW 40th Terrace Cape Coral, FL 33914

Pelican Neighborhood

Estimated Value: $337,736 - $395,000

3 Beds
2 Baths
1,854 Sq Ft
$199/Sq Ft Est. Value

Last Sold March 31, 2017

Last sale price $197,750 $107 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $2,252/month

126 Days on Market

Highlights

  • Heated Spa
  • Attic
  • Home Office
  • Cape Elementary School Rated A-
  • No HOA
  • Fireplace

About This Home

As of March 2017

COMPLETE CUSTOM REMODEL ** This Fantastic 3/2/2 Plus Den/Office & Game Room/Bar * Pelican Area Home Is Located Right By The Baseball Fields * Home Features; STAINLESS KENMORE ELITE APPLIANCES * Custom WOOD Cabinets W/ Designer Knobs & Lighting Above & Below * Roll Out Drawers In (L) Pantry * Drinking Water R/O Under Sink * Double Pane Shutters (Security) * 2X6 Chords (In Case You Want To Put On A Tile Roof) * Partial Privacy Fence (Can add gates to connect on each side) * Built In FIREPLACE (Gives Off Heat!) * Active Alarm & Cameras (Not Active) * Upgraded LED Lighting (Energy Efficient) * Bar Features; Sink * Custom Tumbled Stone Bar Top * Custom Woodwork * (Games For Sale) * Den Features; Closet * Upgraded 5 1/4 Base Boards Throughout & Victorian Trim * Custom Window Coverings & Blinds * 18X18 Tile & Cut Loop Bamboo Berber Carpeting In Bedrooms * HOT SPRING Spa features; Separate Electric & Shut Off * Auto Sprinklers * Lanai Features; Florida Glass Screening * Garage Is Oversized (Some of the garage was used for the den) It is Now 1 Car Plus Lots of Storage * Attic Also Has Shelving & Plywood Footing For More Storage *

Last Agent to Sell the Property

Lisa Maglione-Chenaut

A & J Realty Group LLC License #252011671 Listed on: 10/25/2016

Last Buyer's Agent

Lisa Maglione-Chenaut

A & J Realty Group LLC License #252011671 Listed on: 10/25/2016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,605

Year Built

  • Built in 2005

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 80 x 0 x 125 x 0
  • North Facing Home
  • Fenced
  • Rectangular Lot
  • Sprinkler System
  • Property is zoned R1-D

Parking

  • 1 Car Attached Garage
  • Garage Door Opener

Home Design

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

Interior Spaces

  • 1,854 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Wired For Sound
  • Bar
  • Ceiling Fan
  • Fireplace
  • Shutters
  • Single Hung Windows
  • Entrance Foyer
  • Open Floorplan
  • Home Office
  • Pull Down Stairs to Attic
  • Washer and Dryer Hookup

Kitchen

  • Breakfast Bar
  • Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Home Security

  • Burglar Security System
  • High Impact Door
  • Fire and Smoke Detector

Pool

  • Heated Spa
  • Above Ground Spa
  • Outside Bathroom Access

Outdoor Features

  • Screened Patio
  • Porch

Utilities

  • Central Heating and Cooling System
  • Water Purifier
  • Sewer Assessments
  • High Speed Internet
  • Satellite Dish
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 13 / 1744
  • Assessor Parcel Number 11-45-23-C1-01744.0130

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,605

Year Built

Built in 2005

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.24
  • Lot Size: 80 x 0 x 125 x 0
  • Ownership: Single Family
  • Subdivision Name: NOT APPLICABLE
  • Directions: Pelican Blvd. S * Right on SW 40th Terrace (Across From Pelican Sports Complex) * Home Is 2nd House On Left
  • Carport Y N: No
  • Entry Level: 1
  • Garage Yn: Yes
  • Year Built: 2005
  • ResoBuildingAreaSource: SeeRemarks
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Spa Features: Above Ground, Electric Heat, Screened
  • Private Spa: Yes
  • Appliances: Cooktop, Dishwasher, Disposal, Ice Maker, Microwave, Refrigerator, See Remarks, Water Purifier
  • Other Equipment: Satellite Dish
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: Yes
  • Flooring: Carpet, Tile
  • Interior Amenities: Attic, Wet Bar, Breakfast Bar, Closet Cabinetry, Entrance Foyer, Family/Dining Room, Fireplace, High Speed Internet, Living/Dining Room, Pantry, Pull Down Attic Stairs, See Remarks, Shower Only, Separate Shower, Cable TV, Bar, Walk-In Closet(s), Wired for Sound, Home Office, Split Bedrooms
  • Living Area: 1854.0
  • Stories: 1
  • Window Features: Single Hung, Shutters, Window Coverings
  • ResoLivingAreaSource: SeeRemarks

Exterior Features

  • Lot Features: Rectangular Lot, Sprinklers Automatic
  • Pool Features: Outside Bath Access
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: See Remarks
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: North
  • Exterior Features: Fence, Security/High Impact Doors, Sprinkler/Irrigation
  • Patio And Porch Features: Porch, Screened
  • Property Condition: Resale
  • Roof: Shingle

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Attached, Garage, Garage Door Opener

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup, Inside
  • Security: Burglar Alarm (Monitored), Security System, 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, See Remarks

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Amenities: None
  • Association: No
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: None

Lot Info

  • Parcel #: 11-45-23-C1-01744.0130
  • Zoning Description: R1-D
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 1

Tax Info

  • Tax Annual Amount: 1605.0
  • Tax Block: 1744
  • Tax Lot: 13
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2016
Closed on
Mar 27, 2017
Sold by
Sozio Michael and Sozio April
Bought by
Newlan Peggy M
Seller's Agent
Lisa Maglione-Chenaut
A & J Realty Group LLC
Buyer's Agent
Lisa Maglione-Chenaut
A & J Realty Group LLC
List Price
$258,500
Sold Price
$197,750
Premium/Discount to List
-$60,750
-23.5%
Current Estimated Value
$369,684

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$171,934
Avg. Annual Appreciation
8.95%
Original Mortgage
$250,381
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 22, 2005
Sold by
Sozio Construction Inc
Bought by
Sozio Michael and Sozio April

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
5.61%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 30, 2004
Sold by
Navarro Jorge I and Navarro Martha Z
Bought by
Sozio Construction Co Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.77%
Mortgage Type
Construction
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
Newlan Peggy M $255,000 Attorney
Sozio Michael $235,000 1St Title Services Inc
Sozio Construction Co Inc $45,000 1St Title Services Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Newlan Peggy Marie $246,810
Closed Newlan Peggy M $250,381
Previous Owner Sozio Michael $135,000
Previous Owner Sozio Construction Co Inc $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2017 03/31/17 Sold $197,750 -23.5% $107 / Sq Ft
03/01/2017 03/01/17 Pending -- -- --
10/25/2016 10/25/16 For Sale $258,500 -- $139 / 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 $3,391 $208,598 -- --
2023 $3,391 $202,522 $0 $0
2022 $3,157 $196,623 $0 $0
2021 $3,205 $208,704 $38,830 $169,874
2020 $3,137 $182,560 $0 $0
2019 $3,038 $178,456 $31,500 $146,956
2018 $3,119 $180,071 $30,000 $150,071
2017 $1,728 $104,009 $0 $0
2016 $1,663 $163,293 $27,198 $136,095
2015 $1,605 $139,893 $15,200 $124,693
2014 -- $124,104 $11,800 $112,304
2013 -- $113,498 $9,800 $103,698
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2017

    Lisa Maglione-Chenaut

    A & J Realty Group LLC

    (239) 770-6416

    16 in this area

    90 Total Sales

    Lisa Maglione-Chenaut
    Section Image
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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 216066562

Florida Gulf Coast Multiple Listing Service

APN: 11-45-23-C1-01744.0130

Florida Lee County Cape Coral 33914 Pelican

406 SW 40th Terrace, Cape Coral, FL

This home is located at 406 SW 40th Terrace, Cape Coral, FL 33914 since 25 October 2016 and is currently estimated at $369,684, approximately $199 per square foot. This property was built in 2005. 406 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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