27131 S Riverside DR, Bonita Springs, FL, 34135 | $525,000

LOCATION, LOCATION, LOCATION!!!! Whether you’re an investor looking for rental income or you want to enjoy this beautiful property yourself, you will not be disappointed! Property features a 2BR/2BA home PLUS a 1BR/1BA bungalow! THIS property is a RARE find in the Heart of Historic Downtown Bonita Springs! Both units are recently renovated (2023) and elegantly decorated. The main home, located in the front of the property, features an open concept kitchen with shaker cabinets, wood countertops, stainless appliances, wood flooring throughout, wood burning fireplace, an eastern facing lanai and a northern facing patio and SO MUCH MORE! This home as SO much character throughout with so much attention to detail. Spend your cool winter nights on your lanai overlooking lush landscaping and Rosemary Creek. Retreat to your primary suite after a day spent enjoying one of Bonita’s many Downtown events. Gather on your dock around the firepit with family and friends. The bungalow in the back (built in 1991) offers the perfect spot for guests to visit OR an excellent rental opportunity. The unit features original exposed wooden beams in the kitchen, shaker cabinets, stainless appliances, walk-in shower, in-unit washer & dryer, and a private patio on the creek surrounded by a banyan tree. PLUS, the homes sit on an oversized lot – JUST under half an acre – nearly impossible to find in Southwest Florida AND NO HOA! Kayak to Downtown Bonita Springs OR to the Gulf of Mexico from your backyard! AND you are ONLY a short drive to the Famous Barefoot Beach AND 20 minutes to Downtown Naples 5th Avenue. The burgeoning downtown area of Bonita Springs boasts eclectic restaurants, coffee/wine bars, craft cocktail bars, craft breweries and a new music venue. The arts are alive in Bonita Springs, with plenty of festivals, artist cottages, music in the downtown amphitheater and more. You DO NOT want to miss this opportunity!

Features

  • Amenities: None
  • Bedrooms: 3
  • Baths: 3 full
  • Style: 1 Story/Ranch,See Remarks
  • Development: PLAN OF RIVERSIDE
  • Year Built: 1934
  • Heating: Central Electric
  • Cooling: Central Electric
  • Approx Sq. Feet: 1,717
  • Acreage: 0.41
  • Est. Taxes: $2,996
  • Lot Desc: Oversize
  • View: Creek,Landscaped Area
  • Community Type: No Subdivision,Non-Gated
  • Water Front: Yes
  • Boat Access: Wooden Dock
  • Pet Policy: No Approval Needed
  • MLS#: 224070248
  • Website: https://www.raveis.com
    /prop/224070248/27131sriversidedr_bonitasprings_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 Dellatore Real Estate Company

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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

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27131 S Riverside DR, Bonita Springs, FL, 34135

$525,000

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 $420,000 $420,000 $420,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.456% 7.171% 6.276%
Monthly Tax Payment $250 $250 $250
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,830 $2,791 $3,542
Total Monthly Payment $3,172 $3,133 $3,884

* 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.