**Attractive Low Interest Financing Options Available** Introducing a stunning new construction located at 117 NE 5th Terrace, Cape Coral located in the X Flood Free Zone)! (Occupancy Dec 15th 2024) This modern 2, 150 sq-ft home boasts 3 bedrooms plus a den and 3 full baths, including a convenient pool bath. The master suite features a luxurious soaker tub and glass shower enclosure. Enjoy the elegance of plank tile flooring and quartz countertops throughout the home, complemented by sleek stainless steel appliances, a cooktop, wall oven, and microwave. The open floor plan showcases 10' ceilings and a zero-corner door that leads to a spacious lanai, overlooking an inviting in-ground pool with a sun shelf and bubblers. This property backs onto an 80' canal with a built sea wall and a 200+ sq-ft dock, offering the perfect waterfront lifestyle. Additional features include county water and sewer, a 3-car garage with Epoxy Floors, 8' doors throughout, a paver driveway, and impact windows and doors. This is an exceptional opportunity to own a beautifully designed home in a prime Cape Coral location! **(Photos are Renderings)**
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Our Executive Mortgage Banker:
Our Insurance Division:
$769,800
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 | $615,840 | $615,840 | $615,840 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $251 | $251 | $251 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,097 | $4,093 | $5,193 |
Total Monthly Payment | $4,440 | $4,436 | $5,536 |
* 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.