17285 Timber Oak LANE, #D, Fort Myers, FL, 33908 | $220,000

Whether you're seeking an affordable vacation retreat, an attractive investment property, or your very first home, this is the ideal chance for you. This property is located in a prime area, completely renovated in 2023 and boasts an excellent location that ensures easy access to all the amenities and attractions that Fort Myers has, including its proximity to the airport and famous beaches. This property boasts a captivating open-concept floor plan, adorned with high ceilings that create a sense of spaciousness. The kitchen even features a small coffee area, perfect for coffee enthusiasts. The rooms and the living area are incredibly spacious. The front entrance is fenced, creating a private patio area for your family gatherings and BBQ lovers. For those looking for an excellent investment opportunity without the need for substantial capital, this is the perfect chance for you. Seize the season arriving at the end of this month and take advantage of the flexibility provided by this HOA to rent your property on Airbnb. Investors will appreciate the opportunity for four 90-day leases or an annual lease, offering a wealth of rental possibilities. What's even better is the low monthly association fee, and they accept pets with a weight limit. Royal Woods offers a clubhouse, two swimming pools, tennis courts, and shuffleboard courts, providing endless opportunities for recreation and relaxation.

Features

  • Amenities: Basketball Court, Cable TV, Clubhouse, Pickleball Court(s), Pool, Racquetball, Recreation Facilities, Tennis Court(s)
  • Rooms: 6
  • Bedrooms: 2
  • Baths: 1 full / 1 half
  • Laundry: Laundry Closet
  • Year Built: 1981
  • Heating: Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 1,041
  • Acreage: 0.03
  • Est. Taxes: $17
  • HOA Fee: $245 Monthly
  • Pet Policy: Cats OK, Dogs OK
  • Appliances: Convection Oven, Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator, Washer
  • MLS#: O6254732
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/O6254732/17285timberoaklane_fortmyers_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/21/2024 1:17:08 PM)
Listing courtesy of OLYMPUS EXECUTIVE REALTY INC   Phone: 407-469-0090

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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17285 Timber Oak LANE, #D, Fort Myers, FL, 33908

$220,000

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 $176,000 $176,000 $176,000
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 $1 $1 $1
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,171 $1,170 $1,484
Total Monthly Payment $1,247 $1,246 $1,560

* 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.