27717 Michigan ST, Bonita Springs, FL, 34135 | $299,000

Price Improvement- Unlock the potential of a prime investment opportunity in the rapidly expanding City of Bonita Springs with this charming 2-bedroom, 2-bath property! Just 1 mile from the lively downtown district, you’re in the heart of a flourishing area rich with amenities such as Riverside Park, The Rooftop Bar and Food Trucks, live music venues with Sugarshack soon to open it’s doors, and a variety of bustling local businesses. Enjoy the convenient proximity to Bonita Beach—only about 5 miles away—and an easy drive to RSW Airport.
This recently renovated home is a gem with stylish upgrades including quartz countertops, stainless steel appliances, an elegant glass backsplash, and modern flooring. The property boasts ample parking for a boat or camper, a cozy backyard deck for outdoor entertaining, and the added benefit of no HOA fees, providing complete freedom and flexibility.
This location offers a fantastic opportunity for investors looking to capitalize on rental demand or for those interested in creating their dream home. With the area’s rapid growth and the blend of convenience and coastal living, this property stands as a promising asset in a thriving market. Don’t miss your chance to be part of Bonita Springs’ exciting future!

Features

  • Amenities: None
  • Bedrooms: 2
  • Baths: 2 full
  • Style: 1 Story/Ranch
  • Development: HEITMANS
  • Year Built: 1954
  • Heating: None
  • Cooling: Ceiling Fans,Wall Unit,Window Unit
  • Approx Sq. Feet: 890
  • Acreage: 0.16
  • Est. Taxes: $1,963
  • Lot Desc: Regular
  • View: Landscaped Area,None/Other
  • Community Type: Non-Gated
  • Pet Policy: No Approval Needed
  • MLS#: 224054358
  • Website: https://www.raveis.com
    /prop/224054358/27717michiganst_bonitasprings_fl?source=qrflyer
Copyright © 2024  The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright Southwest Florida MLS organizations. All rights reserved.
Courtesy of Realty One Group MVP

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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27717 Michigan ST, Bonita Springs, FL, 34135

$299,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $239,200 $239,200 $239,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.655% 7.146% 6.276%
Monthly Tax Payment $164 $164 $164
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,632 $1,590 $2,017
Total Monthly Payment $1,871 $1,829 $2,256

* 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.