Discover this stunning and highly sought-after 1st floor condo featuring 2 spacious bedrooms, 2 baths, and a versatile den/flex space. Conveniently situated just minutes from downtown Cape Coral and a short drive to Fort Myers Beach and Sanibel, this condo embodies the quintessential south Florida lifestyle. The condo is equipped with a BRAND NEW AC SYSTEM and all essential appliances for your ease and also boasts expansive windows, sliding doors, and a spacious screened-in lanai. The inviting dining area includes a bay-style window offering picturesque panoramic views of the meticulously maintained grounds. Additionally, there is an exterior 4x5 ft storage area just steps from the front door. You'll also have access to a designated, covered parking space along with extra parking options. Banyan Trace amenities include a heated community pool and hot tub, gazebo, bocce and tennis/pickleball courts, BBQ and picnic area, cabana, clubhouse, exercise room, and comprehensive internet access. Water, sewer, and building insurance are also covered. Enjoy a friendly community and the chance to relax while taking in the stunning Florida sunrises and sunsets!
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Our Executive Mortgage Banker:
Our Insurance Division:
$217,900
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 | $174,320 | $174,320 | $174,320 |
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 | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $349 | $349 | $349 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,160 | $1,159 | $1,495 |
Total Monthly Payment | $1,584 | $1,583 | $1,919 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.