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Presented by![]() Debra Meyers |
This is the view you’re searching for…this is one of few condos in this price range with a southern exposed down canal view neighboring Jaycee park. Built in 1989, this building sits at 8’ 2’’ in elevation and has never seen storm surge flooding. . . but this is the second floor unit, so if it floods we've all got problems. Having recently undergone half-a-million dollars in building renovations, this property has been brought to Cape Coral’s golden age right in time for the new redeveloped Jaycee Park project slated to be completed this year. Sitting at only two stories, with 23 units, this is the sweet spot as far as condos are concerned. There are no structural milestone inspections required and major expenses have been taken care of with new Lawson impact rated windows on all units (2024), new slate tile roof on all buildings (2024), fresh paint (2025), new exterior light fixtures (2025), $40, 000 landscaping including a Clusia privacy hedge covering the entire front of the property, and sprinkler repairs. No assessments were required or are pending from any of the work done to date. . . you read that right. Inside you’ll be drawn to the picturesque down canal view that can be seen from most of this unit. With modest monthly dues at just over $560 per month, two pets with approval, and bi-month rental minimums you have more freedom and versatility to use or rent this property. This unit has upgraded kitchen cabinets, kitchen appliances, vinyl/tile flooring, quartz counters and more. Most of the furniture and mounted TVs convey with the property. Purchaser can opt to keep or have gun-safe removed. With crawl space attic access and higher ceilings these second floor units offer perks not seen with the ground floor units. This is NOT a 55+ community so all ages are welcome. This is a space available direct access property without boat lifts. Dock is the only remaining item to be replaced and is the only item that will likely see a minimal assessment per unit of approximately $2, 000. Don't miss your opportunity to own this wonderful property only steps away from Jaycee Park. This is an agent owner listing.
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William Raveis Real Estate
Phone: 716.440.2870
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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 | $220,000 | $220,000 | $220,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.695% | 6.810% | 6.026% |
Monthly Tax Payment | $217 | $217 | $217 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,266 | $1,409 | $1,827 |
Total Monthly Payment | $1,558 | $1,701 | $2,119 |
* 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.