501 SE 7th ST, Cape Coral, FL, 33990 | $774,400

Cozy Waterfront home in SE Cape Coral- A boaters water wonderland!
Welcome to your dream home in one of the most sought-after areas of SE Cape Coral! This cozy 4-bedroom, 2-bath residence with a pool spans 1, 560 square feet and offers an unparalleled lifestyle with over 240 feet of breathtaking water views and direct access to the expansive Saratoga Lake. Home has new tankless water heater, new 18 Solar panels, New pool cage, active carbon 1 Cu Ft water filter system, newer 2. 5 ton Ac, new fixtures & fans. With 18 solar panels that generate electricity, effectively eliminating your electric bill. Enjoy the hot summers and stay cool year-round with no electricity costs—these solar panels even pay you back over time! Buy a home that pays you back !! NO electric bill, keep ac running all day , pool heater all day and ZERO electric bill. All updated in the last 2-3 years. Wake up to serene water vistas and enjoy the gentle breeze as you sip your morning coffee by the pool. The outdoor space is perfect for relaxation and entertaining, with ample room to soak in the sunshine and savor the picturesque canal and lake views. For boating enthusiasts, this home is a dream come true with water access to Shamrock Lakes and Lake Kennedy, allowing you to explore the waterways to your heart’s content. Take a short stroll to Hunters Run for a quick round of golf, or bring the kids to Cultural Park for a fun-filled day. If you're looking for more adventure, Sun Splash Family Waterpark is just a stone's throw away. In addition, this prime location offers easy access to essential amenities. Cape Coral Hospital is nearby, providing peace of mind for your healthcare needs. The proximity to I-75 ensures smooth commuting and travel, while shopping centers and schools are conveniently close, making daily errands and school runs a breeze. The property sits on an oversized lot and includes two additional parcels (FL parcel #2020000187029 and FL parcel #2020000060049), totaling an extra 32, 700 square feet. This offers endless possibilities for expansion or new construction, making it a prime opportunity to invest in one of Cape Coral's premier neighborhoods.
"This roof features a state-of-the-art hurricane-resistant coating designed to withstand extreme weather conditions. Proven through three major hurricanes, it has demonstrated exceptional durability with no leaks or structural damage. The advanced protective paint enhances the roof’s resistance to high winds, heavy rain, and debris impact, ensuring long-term performance and reliability. This feature offers peace of mind and significant value, making it ideal for regions prone to severe weather. "This highlights the roof's resilience, emphasizes its tested performance, and conveys added value for potential buyers. Don’t miss your chance to own a piece of paradise with the best water view in SE Cape Coral. The possibilities are limitless! Seller is motivated , 2. 25% seller concessions are available for rate buy down or closing cost.

Features

  • Amenities: None,See Remarks
  • Bedrooms: 4
  • Baths: 2 full
  • Style: 1 Story/Ranch,See Remarks
  • Development: CAPE CORAL
  • Year Built: 2005
  • Garage: 2-car Attached
  • Heating: Central Electric,Heat Pump,Solar
  • Cooling: Ceiling Fans,Central Electric
  • Approx Sq. Feet: 1,540
  • Acreage: 0.69
  • Est. Taxes: $6,666
  • Lot Desc: 3 Lots,Oversize
  • View: Canal,Lake,Water,Water Feature
  • Community Type: Non-Gated
  • Water Front: Yes
  • Elem. School: CALOOSA ELEMENTARY SCHOOL
  • Middle School: CALOOSA MIDDLE SCHOOL
  • High School: CAPE CORAL HIGH SCHOOL
  • Private Pool: Yes
  • Pet Policy: No Approval Needed
  • MLS#: 224046955
  • Website: https://www.raveis.com
    /prop/224046955/501se7thst_capecoral_fl?source=qrflyer
Copyright © 2024  The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright Southwest Florida MLS organizations. All rights reserved.
Courtesy of LPT Realty,LLC

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
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501 SE 7th ST, Cape Coral, FL, 33990

$774,400

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $619,520 $619,520 $619,520
Term 360 months 360 months 180 months
Initial Interest Rate** 7.375% 7.125% 6.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.474% 7.282% 6.412
Monthly Tax Payment $556 $556 $556
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,279 $4,174 $5,270
Total Monthly Payment $4,927 $4,822 $5,918

* 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.