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OLD HISTORIC FT. MYERS AREA! One-of-a-kind property with great INCOME POTENTIAL. THIS UPGRADED/REMODELED ($150, 000+/-) 4BEDROOM, 3BATH POOL HOME IS A TRUE FAMILY, MULTI-GENERATIONAL HOME. BUILT OLD STYLE WITH POURED CONCRETE WALLS, TILE FLOORS FOR EASY MAINTENANCE IN ALL AREAS WITH BEDROOMS UPGRADED TO LINOLEUM FLOORS. COMPLETE REMODELED "CHEFS" KITCHEN WITH WHITE WOOD CABINETS, ALL STAINLESS STEEL APPLIANCES, GRANITE TOPS AND TILE BACK-SPLASH. TWO SEPARATE FAMILY ROOMS, ONE WITH "WOOD BURNING" FIREPLACE FOR FAMILY GATHERINGS THE OTHER IS THE MEDIA ROOM W/NICE LIQUOR BAR, ALL UPGRADED LIGHTING & FANS. Home is a short walking distance to the iconic McGregor Blvd, lined with beautiful palm trees and and a "easy" bike ride to DOWNTOWN HISTORIC FT. MYERS. The city just re-paved the streets leading to the home. As you pull up to the deep 6 car driveway, you’ll instantly be struck by the majestic oak tree & charming walkway, that adds to the historic character of the home. HUGH CUSTOM FAMILY POOL (18'X36'X8'DEEP) AND COMPLETELY SCREENED. Feels like there are 2 back yards. Home boasts a BONUS SIDE EFFICIENCY w/ separate Entrance & exit, private yard, extra bathroom and kitchenette making this truly a 4/3 home. This can be especially alluring for turning that part of the home into an income-generating opportunity as a vacation rental or for family use as a in-law suite or multi-generational living. Side efficiency has its own mini split ice cold AC unit & a new electric water heater. Roof 10 years old. HOME IS IN THE "X" ZONE, SO NO FLOOD ZONE AND NO FLOOD INSURANCE REQUIRED! THIS LOCATION IS IN A-RATED SCHOOL ZONES AND CLOSE TO CHURCHES, MAJOR SHOPPING, HOSPITALS, RESTAURANTS, THE BEACHES AND ALL THE ENTERTAINMENT IN GREATER FT. MYERS (THIS WAS THE ORIGINAL HOME OF BARBARA B. MANN).
HOME COMES WITH ONE YEAR HOME WARRANTY FOR TOTAL BUYER COMFORT.
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Our Executive Mortgage Banker:
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$500,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $400,000 | $400,000 | $400,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.815% | 7.159% | 6.538% |
Monthly Tax Payment | $455 | $455 | $455 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,661 | $2,659 | $3,430 |
Total Monthly Payment | $3,208 | $3,206 | $3,977 |
* 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.