**Renovation Opportunity in Fort Myers**
Discover potential in the aftermath of Hurricane Ian at 251 Connecticut Ave in Fort Myers, FL. This home, impacted by Hurricane Ian, presents a unique renovation opportunity for those seeking to create their dream space.
Currently in a state of dismay, this property features 2 bedrooms, plus den (optional 3 bedroom) and 2 bathrooms spread over 1488 sq ft. Despite the damage, envision the possibilities to restore and reimagine this space into a personalized sanctuary.
Inside, the layout includes an open concept floor plan that bathes an abundant of natural light. The great room, featuring a fireplace, served as the heart of the home, ideal for gatherings and relaxation. Imagine revitalizing this space with updated finishes while retaining its cozy charm. A Florida room and lanai offer additional living spaces where you can enjoy the Florida breeze and views of the expansive yard.
Outside, the property boasts 88' of seawall along the canal, providing a serene backdrop and potential for a private dock. A large circle drive offers convenience and ample parking space. The expansive yard provides plenty of room for a swimming pool and outdoor entertaining areas, perfect for enjoying Florida's sunny weather.
This property is an ideal canvas for renovation enthusiasts or investors looking to capitalize on the rebuilding efforts in Fort Myers. Take advantage of this rare opportunity to redefine this space and create a home that reflects your style and preferences. For further details or to schedule your private home tour, give me a call!
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $260,000 | $260,000 | $260,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.191% | 7.171% | 6.276% |
Monthly Tax Payment | $191 | $191 | $191 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,708 | $1,728 | $2,193 |
Total Monthly Payment | $1,974 | $1,994 | $2,459 |
* 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.