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Under Construction. New-construction shell on a full 120’ x 125’ triple lot in NW Cape Coral. This under-construction CBS home offers 4 bedrooms, 2 bathrooms, a 3-car garage, and 1, 831 square feet of living space. The slab and block shell are complete, and the home is ready for framing, roofing, mechanicals, and all interior and exterior finishes. The property is being sold as-is in its current stage of construction, with the buyer to assume and complete the build—an excellent opportunity to control finish level, style, and budget. The generous triple lot provides ample room for outdoor living, a future pool, or expanded landscaping. Located in a growing area surrounded by other new homes, this site offers strong long-term upside. Construction plans and permit information are available. Can be purchased individually or bundled with an additional under-construction home in the same area. See companion listing MLS# C7520228.
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Our Executive Mortgage Banker:
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$209,900
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
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $167,920 | $167,920 | $167,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.324% | 6.398% | 5.614% |
| Monthly Tax Payment | $116 | $116 | $116 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $993 | $1,034 | $1,361 |
| Total Monthly Payment | $1,184 | $1,225 | $1,552 |
* 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.