NOT LISTED FOR SALE

720 SE 4th Terrace 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 September 27, 2017

Last sale price $370,000 $108 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $3,981/month

107 Days on Market

Highlights

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

About This Home

As of September 2017

Great investment property with good tenants in place. Convenient location off of Cultural Park Blvd, close to shopping and restaurants. Recent updates include interior & exterior painting, new automatic sprinkler system and up-to-code backflow preventers, property landscaped and 3 of the 4 units have been updated. Each unit has an in-unit laundry hook-up and private patio in back.

Last Agent to Sell the Property

Donna Sveinsvoll

Amerivest Realty License #258021198 Listed on: 05/12/2017

Last Buyer's Agent

Timothy Reichert

World Realty Group Inc License #258005904

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,190

Year Built

  • Built in 1984

Lot Details

  • 0.37 Acre Lot
  • Lot Dimensions are 80 x 130 x 80 x 125
  • Rectangular Lot
  • Sprinkler System

Home Design

  • Quadruplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 3,412 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • 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 application fee, cable TV, electricity, internet, 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

Building Details

  • Operating Expense $9,390
  • Net Operating Income $29,910

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,190

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 130 x 80 x 125
  • Road Surface Type: Paved
  • Subdivision Name: CAPE CORAL
  • Directions: Take Viscaya Pkwy until it turns into SE 9th St, turn right onto Cultural Park Blvd, then left on 4th Terrace and property is 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

  • Furnished: Unfurnished
  • 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, Sprinklers Automatic
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Exterior Features: Sprinkler/Irrigation, Awning(s)
  • Property Condition: Resale
  • Roof: Shingle

Utilities

  • Cooling: Central Air, Ceiling Fan(s), 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: No

Lot Info

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

Rental Info

  • Tenant Pays: Application Fee, Cable TV, Electricity, Internet, Telephone, Water

Multi Family

  • Number Of Units Total: 4
  • Property Net Operating Income: 29910.0
  • Annual Operating Expense: 9390.0

Tax Info

  • Tax Annual Amount: 6190.0
  • Tax Block: 1137
  • Tax Lot: 50
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2017
Closed on
Sep 22, 2017
Sold by
Koballa Michael and Thompson Peter
Bought by
Verdi Anthony Frank
Seller's Agent
Donna Sveinsvoll
Amerivest Realty
Buyer's Agent
Timothy Reichert
World Realty Group Inc
List Price
$429,900
Sold Price
$370,000
Premium/Discount to List
-$59,900
-13.93%
Current Estimated Value
$583,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$213,667
Avg. Annual Appreciation
4.52%

Purchase Details

Closed on
Jul 18, 2016
Sold by
Lee Sharon
Bought by
Koballa Michael and Thomassen Peter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
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:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

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
09/27/2017 09/27/17 Sold $370,000 -13.9% $108 / Sq Ft
08/28/2017 08/28/17 Pending -- -- --
05/12/2017 05/12/17 For Sale $429,900 -- $126 / 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

  • D

    Seller's Agent in 2017

    Donna Sveinsvoll

    Amerivest Realty

  • T

    Buyer's Agent in 2017

    Timothy Reichert

    World Realty Group Inc

    (239) 770-5451

    6 in this area

    59 Total Sales

    Timothy Reichert
    Section Image
See All Agents

Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 217033075

Florida Gulf Coast Multiple Listing Service

APN: 13-44-23-C3-01137.0500

Florida Lee County Cape Coral 33990 Hancock

720 SE 4th Terrace, Cape Coral, FL

This home is located at 720 SE 4th Terrace, Cape Coral, FL 33990 since 12 May 2017 and is currently estimated at $583,667, approximately $171 per square foot. This property was built in 1984. 720 SE 4th Terrace is a home located in Lee County with nearby schools including Caloosa Elementary School, Hancock Creek 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

Nearby Homes