16320 Arbor Ridge DR, Fort Myers, FL, 33908 | $499,000

Prime Investment Opportunity: Mostly renovated 3-Bedroom Pool Home in the coveted Iona section of Fort Myers.
Attention investors and buyers seeking an ideal property… Discover an incredible opportunity with this 3-bedroom, 2 ½-bathroom pool home in the highly sought-after Iona section of Fort Myers. Situated just minutes from the pristine beaches of Sanibel Island and close to all essential shopping and amenities, this property offers unmatched convenience and untapped potential.
This magnificent home features a spacious and functional layout and is primed for transformation. The primary suite includes a large bathroom and a walk-in closet, while the second and third bedrooms provide ample closet space. A roomy living area, separate dining room, and comfortable eat-in kitchen area offer versatile spaces, ideal for both everyday living and rental potential.
The outdoor area is designed for entertaining, featuring a large screened-in lanai, a heated inground pool, and an outdoor shower. The half-acre lot is beautifully landscaped, creating a peaceful retreat on a quiet, friendly street. The oversized 2 ½-car garage provides extra room for a workshop or storage.
Offered at a discounted price of $520K AS-IS, this property invites you to customize the final touches with the present owner or complete the renovations yourself. Whether you're an investor looking for a lucrative flip or a homeowner eager to add personal touches to your dream home, this is a rare find.
With a brand new roof, updated flooring, and modern lighting already in place, don’t miss out on this unique chance to capitalize on a property with strong potential in one of Fort Myers' most desirable locations.

Features

  • Amenities: None
  • Bedrooms: 3
  • Baths: 2 full / 1 half
  • Style: 1 Story/Ranch
  • Development: COTTAGE POINT UNREC
  • Year Built: 1983
  • Garage: 2-car Attached
  • Heating: None
  • Cooling: None
  • Approx Sq. Feet: 1,435
  • Acreage: 0.53
  • Est. Taxes: $1,847
  • Lot Desc: Oversize
  • View: Landscaped Area
  • Community Type: Non-Gated
  • Elem. School: RAYMA C.PAGE ELEMENTARY
  • Middle School: LEXINGTON MIDDLE SCHOOL
  • High School: DUNBAR HIGH SCHOOL
  • Private Pool: Yes
  • Pet Policy: No Approval Needed
  • MLS#: 224070851
  • Website: https://www.raveis.com
    /prop/224070851/16320arborridgedr_fortmyers_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 MARZUCCO REAL ESTATE

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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

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  • Is available to meet with you in our office, your home or office, evenings or weekends
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16320 Arbor Ridge DR, Fort Myers, FL, 33908

$499,000

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 $399,200 $399,200 $399,200
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 5.990% 4.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.398% 6.161% 5.152%
Monthly Tax Payment $154 $154 $154
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,426 $2,391 $3,131
Total Monthly Payment $2,655 $2,620 $3,360

* 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.