Here is the perfect opportunity to own a beautiful home for a fraction of the price. This 2016 Jacobson model manufactured home is located in the Co-op community of Plantation Estates. Co-op ownership is famous for having lower fees then conventional or lot owned parks. This home took in 9" of water during hurricane Ian and it was immediately remediated using high quality Defcon 30. The home has impact windows and the roof was replaced after the storm. All electrical that went below water has been replaced. No mold issues at all. Most cabinets are usable. Electricity, a/c and all utilities working. HVAC received bi-annual maintenance. Sensi wi-fi thermostat. Transferable building permits. This 26'x56' home costs over $275k in 2016 and that did not include the price of the lot. Work shed has 50 amp service and a mini-split a/c head. Plantation Estates is conveniently located near Fort Myers Beach and Sanibel Island. The owners intentionally left the final re-hab on this home to the new owners so they can see exactly how well the home has been remediated from the storm damage.
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Our Executive Mortgage Banker:
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$150,000
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 | $120,000 | $120,000 | $120,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $165 | $165 | $165 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $798 | $798 | $1,029 |
Total Monthly Payment | $1,037 | $1,037 | $1,268 |
* 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.