Sold for $525,000

$525,000

507 SW 2nd Ter, Cape Coral, FL 33991

4beds

1,081sqft

MultiFamily

Built in 1980

-- sqft lot

$469,200 Zestimate^®

$486/sqft

$1,259 Estimated rent

Home value

$469,200

$432,000 - $511,000

$1,259/mo

Zestimate^® history

Owner options

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$1,259/mo

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$1,259/mo

Rent Zestimate^®

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$3,433/mo

Est. payment

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$3,433/mo

Est. payment

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What's special

One Of A Kind - Duplex with Massive Commercial Grade Garage complete with office and restrooms. Ideal for a small business, RV storage or car collector...let the renters pay for your massive "toy box" to store boats, motorcycles, equipment, etc. Convenient location in central Cape Coral with city water & sewer...you will not find another like it. Two year old appraisal for $450K on file. Property is under future land use plan for city as Pine Island Road Corridor which allows for mixed use of retail, office/warehouse/light manufacturing and residential.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4
Full bathrooms: 4

Heating

Forced air, Electric

Cooling

Central

Features

Flooring: Tile
Windows: Sliding
Common walls with other units/homes: 1 Common Wall

Interior area

Total interior livable area: 1,081 sqft

Property

Parking

Parking features: Garage - Attached, Garage - Detached

Features

Exterior features: Stucco, Cement / Concrete
Frontage length: 138

Lot

Size: 0.45 Acres
Features: Corner Lot, 3 Lots

Details

Additional structures: Extra Building
Parcel number: 144423C1019470010

Construction

Type & style

Home type: MultiFamily

Materials

Roof: Asphalt

Condition

Year built: 1980

Utilities & green energy

Sewer: Central, Assessment Paid
Water: Central

Community & HOA

Location

Region: Cape Coral

Financial & listing details

Price per square foot: $486/sqft
Tax assessed value: $404,393
Annual tax amount: $7,887

Price history

Date	Event	Price
2/23/2024	Sold	$525,000+31.3%$486/sqft
Source: Public Record Report a problem
12/23/2020	Sold	$400,000-20%$370/sqft
Source: Public Record Report a problem
10/30/2020	Listed for sale	$499,900$462/sqft
Source: Compass Florida LLC #220069656 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$7,887 +29.9%	$404,393 +40.1%
2024	$6,071 +8.6%	$288,681 +10%
2023	$5,592 +8%	$262,437 +10%
2022	$5,175 +9.6%	$238,579 +10%
2021	$4,722 +2.3%	$216,890 +19.3%
2020	$4,618 +3%	$181,839 -5.4%
2019	$4,483	$192,174 +5.8%
2018	$4,483 +4.2%	$181,681 +4.6%
2017	$4,304 0%	$173,630 +18.3%
2016	$4,306 +13.5%	$146,762 +30%
2015	$3,795 +9.1%	$112,907 +0.8%
2014	$3,477 +2.2%	$111,991 +31.1%
2013	$3,403 +25.2%	$85,395 +2.7%
2012	$2,718 +15.1%	$83,113 +28.3%
2011	$2,362 +8.6%	$64,800 +10.8%
2010	$2,175 -27.6%	$58,490 -39.4%
2009	$3,004 -29.5%	$96,440 -49.4%
2008	$4,261 -31%	$190,710 -35.8%
2007	$6,173 -9.3%	$297,150 -4.2%
2006	$6,809 +56.2%	$310,210 +118.6%
2004	$4,359 +16.3%	$141,880 +33.4%
2003	$3,749 -3.8%	$106,360 +9.8%
2002	$3,896	$96,870 +40.8%
2000	--	$68,820