Fantastic North Naples home located just off Vanderbilt Drive. This property offers large rental income potential as it minutes to the beach, includes private boat ramp, is next door to the iconic Royal Scoop ice cream shop, and directly accesses the most convenient road to the entertainment of Naples. Sprawling setting covers a rare 1. 5 lots with large side parking for RV or Boat. This 3 bedroom concrete block home has had extensive updates and maintenance including a 2024 HVAC system. The interior is light and bright with coastal decor throughout. The kitchen offers wood cabinetry, granite surfaces, and stainless appliances. Outdoor lanai features authentic tongue and groove wood ceiling. The back yard is expansive with plenty of room for additions including a large swimming pool if desired. This home suffered no hurricane damage and is located high in the X500 flood zone! This unbeatable location also puts the property within 10 to 15 minutes drive of 4 different grocery stores and hundreds of dining and entertainment options. It is both minutes to Mercato and Coconut Point! Collier County location offers lower property taxes than Bonita Springs. This property also offers access to the Shores Club with available private community boat ramp with 10 minute boat ride to gulf. Shores Club also includes clubhouse with extensive calendar of activities, basketball, pickleball/tennis, and landscaped grounds! Property is also steps to the Vanderbilt corridor Walking and Bike path that covers several miles.
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Our Executive Mortgage Banker:
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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 | $519,920 | $519,920 | $519,920 |
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 | $388 | $388 | $388 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,503 | $3,456 | $4,385 |
Total Monthly Payment | $3,983 | $3,936 | $4,865 |
* 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.