This is a unique opportunity to purchase your DIRECT GULF ACCESS dream home in the picturesque city of Cape Coral. Built in 1975, this home offers great potential but will require some updates. The interior of the home is in excellent condition, with the exception of a small area in the breakfast room where the drywall has started to deteriorate. This presents the perfect opportunity for you to customize and design this space to your liking, making it truly feel like home. The seawall of the property was damaged during the last two hurricanes and will need to be replaced. Additionally, the pool deck will require leveling. Despite these necessary repairs, this home is situated in the desirable community of Cornwallis, right in the heart of Cape Coral. You will be just minutes away from a variety of amenities, including fantastic restaurants, shopping options, and activities for the whole family to enjoy. Don't miss out on the chance to turn this house into your dream home in an ideal location. Schedule a viewing and start envisioning the possibilities for this Gulf access property.
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$479,000
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 | $383,200 | $383,200 | $383,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
Monthly Tax Payment | $226 | $226 | $226 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,647 | $2,582 | $3,260 |
Total Monthly Payment | $2,948 | $2,883 | $3,561 |
* 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.