A Very Unique Residence at 4402 SW 12th Pl, Cape Coral, FL 33914, NO FLOODING EVER! This one-of-a-kind owner-builder home is located in the highly desirable SW Cape Coral area and offers a prime high elevation, ensuring no flooding issues. Boasting direct access to the river with no locks, this location is ideal for boating enthusiasts, as large vessels, including boats over 40 feet, can easily navigate the canal. The journey to the river at Little Shell takes around 20 minutes, with quick access to popular destinations like Sanibel Lighthouse and Fort Myers Beach. For a more relaxed outing, several waterfront restaurants are reachable without entering the river, perfect for dining out even on windy days. This move-in ready home spans approximately 2, 778 sq. ft. with an open design and includes many high-end features. The ceilings rise to 9'4", with PGT dual-pane insulated windows and 8-foot high insulated sliding glass doors, offering excellent energy efficiency. Ceiling fans are installed in all rooms, and a whole-house attic fan enhances airflow and comfort. The house features porcelain tile flooring in key areas such as the kitchen, dining area, master bath, hallway, and outdoor lanai. Built with accessibility in mind, all doors are 3 feet wide to accommodate wheelchairs. The residence is situated on a corner lot along the 100-foot-wide Marauder canal, and the home is elevated on an additional stem wall that brings it to 12 feet above mean high tide—making it one of the best choices for peace of mind in all weather conditions. All assessments for water and sewage have been paid in full, making this a truly worry-free and desirable property in Southwest Florida!
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $739,920 | $739,920 | $739,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | $435 | $435 | $435 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,799 | $4,738 | $6,496 |
Total Monthly Payment | $5,325 | $5,264 | $7,022 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.