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Under Construction. New price. Lower basis. Finish the project your way. Strategically repositioned at $267, 300, this as-is, mid-construction Orlando II model in NW Cape Coral offers a compelling opportunity for builders, investors, and hands-on owner-users comfortable completing construction. Planned for approximately 2, 590 sq ft of living area and 3, 856 sq ft total, the home includes 3 bedrooms plus a den, 3 baths, and a 4-car attached garage, with slab and concrete block work already complete. The current stage of construction gives the next buyer a defined starting point while preserving control over remaining finishes, selections, and completion strategy. The oversized six-lot site totals approximately 0. 70 acres, with approximate dimensions of 245 x 125, and may offer flexibility to retain as a larger estate-style homesite or split into two triple-lot parcels, subject to City of Cape Coral approval. Preliminary plans also include a detached garage concept. No HOA. Well and septic required. Buyer assumes all completion, permitting, utility, and due diligence responsibilities. Available individually or as part of a two-property portfolio with companion listing MLS #C7520222. Construction documents, plans, and permit details are available upon request.
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Our Executive Mortgage Banker:
Our Insurance Division:
$267,300
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 | $213,840 | $213,840 | $213,840 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.424% | 6.640% | 5.972% |
| Monthly Tax Payment | $151 | $151 | $151 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,299 | $1,350 | $1,776 |
| Total Monthly Payment | $1,525 | $1,576 | $2,002 |
* 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.