432 SW 38th Terrace Cape Coral, FL 33914
Pelican Neighborhood
2
Beds
2
Baths
1,230
Sq Ft
0.26
Acres
Highlights
- In Ground Pool
- Heated Sun or Florida Room
- Furnished
- Cape Elementary School Rated A-
- Corner Lot
- No HOA
About This Home
As of July 2025Welcome to your SWFL retreat! This beautifully maintained 2 bedroom, 2 bathroom pool home offers just over 1,200 square feet of comfortable living space and is perfect for year round living or a vacation getaway. Each bedroom features its own ensuite bathroom and spacious walk in closet, providing privacy and convenience for both residents and guests. AC and roof are less than two years old!
Enjoy peace of mind with water and sewer assessments already in and fully paid. Step outside to your private pool area—perfect for relaxing or entertaining under the sun.
Located just 10 minutes north of Tarpon Point Marina and the Cape Coral Yacht Club, you’ll have easy access to waterfront dining, parks, shopping, and grocery stores. Don’t miss out on this opportunity to own a slice of paradise in one of Cape Coral’s most desirable areas!
This home has consistently done well as a short-term rental, making it a great investment opportunity for seasonal owners or investors.
Last Agent to Sell the Property
RE/MAX Nautical Realty License #249531081 Listed on: 04/15/2025
Last Buyer's Agent
Suren Riech Gonzalez
Trueway Realty LLC License #249527598
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,862
Year Built
- Built in 1982
Lot Details
- 0.26 Acre Lot
- Lot Dimensions are 90 x 104 x 90 x 125
- North Facing Home
- Fenced
- Corner Lot
- Property is zoned R1-D
Parking
- 2 Car Attached Garage
- Garage Door Opener
Home Design
- Shingle Roof
- Stone Siding
Interior Spaces
- 1,230 Sq Ft Home
- 1-Story Property
- Furnished
- Built-In Features
- Ceiling Fan
- Shutters
- Single Hung Windows
- Open Floorplan
- Heated Sun or Florida Room
Kitchen
- Electric Cooktop
- Microwave
- Freezer
- Dishwasher
Flooring
- Tile
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms
- Split Bedroom Floorplan
- Walk-In Closet
- 2 Full Bathrooms
- Bathtub with Shower
- Shower Only
- Separate Shower
Laundry
- Laundry in Garage
- Dryer
- Washer
Home Security
- Home Security System
- Fire and Smoke Detector
Outdoor Features
- In Ground Pool
- Open Patio
- Porch
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 1 / 1788
- Assessor Parcel Number 02-45-23-C4-01788.0010
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 15, 2025
Closed on
Jul 10, 2025
Sold by
Glover Kathleen A
Bought by
Baro Nordik Gonzalez
Seller's Agent
Sarah Acorn
RE/MAX Nautical Realty
Buyer's Agent
Suren Riech Gonzalez
Trueway Realty LLC
List Price
$300,000
Sold Price
$305,000
Premium/Discount to List
$5,000
1.67%
Views
50
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-26.26%
Original Mortgage
$10,000
Outstanding Balance
$10,000
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$286,750
Purchase Details
Listed on
Sep 17, 2021
Closed on
Nov 16, 2021
Sold by
Perkins Daniel Keith
Bought by
Glover Kathleen A
Seller's Agent
Jason Foskey
International Home Network LLC
Buyer's Agent
Jason Foskey
List Price
$359,000
Sold Price
$340,000
Premium/Discount to List
-$19,000
-5.29%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.92%
Original Mortgage
$309,600
Interest Rate
2.23%
Mortgage Type
New Conventional
Purchase Details
Listed on
Mar 3, 2021
Closed on
Apr 28, 2021
Sold by
Washington Willie
Bought by
Perkins Daniel Keith
Seller's Agent
David Naimie
Coldwell Banker Realty
Buyer's Agent
Melissa Farmer
Pay it Forward Realty Inc
List Price
$289,000
Sold Price
$245,000
Premium/Discount to List
-$44,000
-15.22%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
81.45%
Original Mortgage
$240,562
Interest Rate
3%
Mortgage Type
FHA
Purchase Details
Closed on
Sep 15, 2015
Sold by
Schaarschmidt Birgit
Bought by
Harvey Raymond W
Purchase Details
Closed on
Aug 11, 2012
Sold by
Petri Helmut
Bought by
Schaarschmidt Birgit
Purchase Details
Closed on
Apr 30, 2002
Sold by
Williams Mary Ellen and Williams Fred A
Bought by
Petri Helmut and Meier Birgit
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
7.18%
Similar Homes in Cape Coral, FL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $305,000 | Landsel Title | |
| Warranty Deed | $344,000 | Accurate Complete Title Inc | |
| Warranty Deed | $245,000 | Sun National Title Co Llc | |
| Trustee Deed | $121,900 | None Available | |
| Quit Claim Deed | $65,000 | None Available | |
| Warranty Deed | $100,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $10,000 | New Conventional | |
| Open | $299,475 | FHA | |
| Previous Owner | $309,600 | New Conventional | |
| Previous Owner | $240,562 | FHA | |
| Previous Owner | $65,000 | Credit Line Revolving | |
| Previous Owner | $70,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/14/2025 07/14/25 | Sold | $305,000 | +1.7% | $248 / Sq Ft |
| 06/30/2025 06/30/25 | Pending | -- | -- | -- |
| 06/27/2025 06/27/25 | Pending | -- | -- | -- |
| 05/27/2025 05/27/25 | For Sale | $300,000 | 0.0% | $244 / Sq Ft |
| 05/13/2025 05/13/25 | Price Changed | $300,000 | -4.8% | $244 / Sq Ft |
| 04/24/2025 04/24/25 | Price Changed | $315,000 | -8.7% | $256 / Sq Ft |
| 04/15/2025 04/15/25 | For Sale | $345,000 | +1.5% | $280 / Sq Ft |
| 11/16/2021 11/16/21 | Sold | $340,000 | -5.3% | $276 / Sq Ft |
| 10/17/2021 10/17/21 | Pending | -- | -- | -- |
| 09/17/2021 09/17/21 | For Sale | $359,000 | +46.5% | $292 / Sq Ft |
| 04/30/2021 04/30/21 | Sold | $245,000 | +2.5% | $199 / Sq Ft |
| 03/17/2021 03/17/21 | Pending | -- | -- | -- |
| 03/10/2021 03/10/21 | Price Changed | $239,000 | -17.3% | $194 / Sq Ft |
| 03/03/2021 03/03/21 | For Sale | $289,000 | -- | $235 / Sq Ft |
Source: Florida Gulf Coast Multiple Listing Service
Tax History Compared to Growth
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 | $4,862 | $255,211 | $78,640 | $144,827 |
| 2023 | $5,363 | $287,386 | $50,133 | $209,556 |
| 2022 | $4,816 | $262,279 | $37,659 | $224,620 |
| 2021 | $3,741 | $182,125 | $29,187 | $152,938 |
| 2020 | $3,553 | $165,533 | $27,300 | $138,233 |
| 2019 | $3,382 | $157,457 | $27,300 | $130,157 |
| 2018 | $3,467 | $159,079 | $26,000 | $133,079 |
| 2017 | $2,525 | $146,964 | $25,000 | $121,964 |
| 2016 | $3,044 | $133,997 | $26,120 | $107,877 |
| 2015 | $1,540 | $124,397 | $16,361 | $108,036 |
| 2014 | $1,585 | $111,001 | $12,942 | $98,059 |
| 2013 | -- | $94,093 | $5,542 | $88,551 |
Source: Public Records
Agents Affiliated with this Home
-
S
Seller's Agent in 2025
Sarah Acorn
RE/MAX
(239) 464-2387
1 in this area
4 Total Sales
-
S
Buyer's Agent in 2025
Suren Riech Gonzalez
Trueway Realty LLC
-
D
Seller's Agent in 2021
David Naimie
Coldwell Banker Realty
-
J
Seller's Agent in 2021
Jason Foskey
International Home Network LLC
(239) 839-9687
5 in this area
182 Total Sales
-
Buyer's Agent in 2021
Melissa Farmer
Pay it Forward Realty Inc
(239) 246-5006
7 in this area
48 Total Sales
Map
Source: Florida Gulf Coast Multiple Listing Service
MLS Number: 225038604
APN: 02-45-23-C4-01788.0010
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