NOT LISTED FOR SALE

720 SE 4th Terrace Unit 3-4 Cape Coral, FL 33990

Hancock Neighborhood

Estimated Value: $421,000 - $696,000

8 Beds
8 Baths
3,412 Sq Ft
$171/Sq Ft Est. Value

Last Sold August 19, 2016

Last sale price $282,500 $83 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $3,981/month

196 Days on Market

Highlights

  • Jalousie or louvered window
  • Central Heating and Cooling System
  • Carpet
  • Cape Elementary School Rated A-
  • Rectangular Lot

About This Home

As of August 2016

Great investment property, good tenants in place. Convenient location off of Santa Barbara Blvd. Minutes from Pine Island. This is a 4 unit income property. Four 2 Bed 2 Bath. Each unit has own in-unit laundry hook up and back private patio. Unpaid Assessments approximately $10470.86. Monthly income around $2825.00

Last Agent to Sell the Property

Annebelle Antonellis

AA Associates Realty and Property Mgmt License #252013138 Listed on: 01/05/2016

Last Buyer's Agent

Donna Sveinsvoll

Amerivest Realty License #258021198

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,537

Year Built

  • Built in 1984

Lot Details

  • 0.37 Acre Lot
  • Lot Dimensions are 80 x 120 x 80 x 120
  • Rectangular Lot

Home Design

  • Quadruplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 3,412 Sq Ft Home
  • 1-Story Property
  • Jalousie or louvered window
  • Awning

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Full Bathrooms

Utilities

  • Central Heating and Cooling System
  • Sewer Assessments

Listing and Financial Details

  • Tenant pays for cable TV, electricity, telephone, water
  • Legal Lot and Block 50 / 1137
  • Assessor Parcel Number 13-44-23-C3-01137.0500

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Cape Coral Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $13,125

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,537

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.37
  • Lot Size: 80 x 120 x 80 x 120
  • Subdivision Name: CAPE CORAL
  • Directions: Viscaya Pkwy till it turns into Se 9th Street, turn Right onto Cultural Park Blvd then left on 4th Ter, property down on left.
  • Architectural Style: Ranch, One Story
  • Building Stories: 1
  • Structure Type: Quadruplex
  • Year Built: 1984
  • Property Sub Type Additional: Quadruplex
  • Special Features: None
  • Stories: 1

Interior Features

  • Number Of Buildings: 2
  • Private Spa: No
  • Full Bathrooms: 8
  • Total Bedrooms: 8
  • Flooring: Carpet, Laminate
  • Window Features: Jalousie

Exterior Features

  • Lot Features: Rectangular Lot
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Exterior Features: Awning(s)
  • Property Condition: Resale
  • Roof: Shingle

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Assessment Unpaid, Public Sewer
  • Water Source: Assessment Paid, Public

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 13-44-23-C3-01137.0500
  • Zoning Description: R3-D
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Cable TV, Electricity, Telephone, Water

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 13125.0

Tax Info

  • Tax Annual Amount: 5537.0
  • Tax Block: 1137
  • Tax Lot: 50
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 22, 2017
Sold by
Koballa Michael and Thompson Peter
Bought by
Verdi Anthony Frank
Current Estimated Value
$583,667

Purchase Details

Listed on
Jan 5, 2016
Closed on
Jul 18, 2016
Sold by
Lee Sharon
Bought by
Koballa Michael and Thomassen Peter
Seller's Agent
Annebelle Antonellis
AA Associates Realty and Property Mgmt
Buyer's Agent
Donna Sveinsvoll
Amerivest Realty
List Price
$309,900
Sold Price
$282,500
Premium/Discount to List
-$27,400
-8.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.22%
Original Mortgage
$211,875
Interest Rate
3.45%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 1, 2013
Sold by
Lee Ralph T
Bought by
Lee Thomas J and Land Trust Agreement

Purchase Details

Closed on
Aug 19, 2003
Sold by
Lee Ralph T
Bought by
Lee Ralph T

Purchase Details

Closed on
Aug 19, 2002
Sold by
Lee Ralph T
Bought by
Lee Ralph T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.53%
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
Verdi Anthony Frank $370,000 Title Professionals Of Flori
Koballa Michael $282,500 Stewart Title Company
Lee Thomas J -- Attorney
Lee Ralph T -- --
Lee Ralph T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Koballa Michael $211,875
Previous Owner Lee Ralph T $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2016 08/19/16 Sold $282,500 -8.8% $83 / Sq Ft
07/20/2016 07/20/16 Pending -- -- --
01/05/2016 01/05/16 For Sale $309,900 -- $91 / 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 $9,688 $416,964 -- --
2023 $9,688 $379,058 $108,576 $267,842
2022 $8,216 $291,045 $0 $0
2021 $7,686 $264,586 $51,654 $212,932
2020 $7,138 $247,106 $47,000 $200,106
2019 $7,049 $246,284 $50,000 $196,284
2018 $6,923 $235,792 $36,000 $199,792
2016 $6,190 $194,672 $19,000 $175,672
2015 $5,537 $172,002 $18,000 $154,002
2014 -- $142,086 $12,032 $130,054
2013 -- $105,384 $6,600 $98,784
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2016

    Annebelle Antonellis

    AA Associates Realty and Property Mgmt

  • D

    Buyer's Agent in 2016

    Donna Sveinsvoll

    Amerivest Realty

See All Agents

Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 215073377

Florida Gulf Coast Multiple Listing Service

APN: 13-44-23-C3-01137.0500

Florida Lee County Cape Coral 33990 Hancock

720 SE 4th Terrace Unit 3-4, Cape Coral, FL

This home is located at 720 SE 4th Terrace Unit 3-4, Cape Coral, FL 33990 since 05 January 2016 and is currently estimated at $583,667, approximately $171 per square foot. This property was built in 1984. 720 SE 4th Terrace Unit 3-4 is a home located in Lee County with nearby schools including Caloosa Elementary School, Hancock Creek 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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