325 NE 5th TERRACE, Cape Coral, FL, 33909 | $589,000

*This GORGEOUS HOME withstood hurricanes without any damage, showcasing its RESILIENCE & QUALITY! Located in ZONE D - 4th evacuation zone - with HIGHER ELEVATION, this property DOES NOT REQUIRE FLOOD INSURANCE! Also, TRANSFERABLE AMERICAN HOMESHIELD HOME WARRANTY is INCLUDED, offering PEACE OF MIND FOR ITS HOMEOWNER* DON'T MISS THIS INCREDIBLE chance to own 0. 46-acre FRESHWATER FRONT HOME nestled in VERMONT CANAL in serene SWFL PARADISE! With 3, 512 sq ft of total built area, featuring 160 ft of prime waterfront enveloped by the lush of dozens of MATURE FRUITS TREES, creating VERITABLE PARADISE! ALL ASSESSMENTS FULLY PAID, offering convenient CITY WATER & CENTRAL SEWER in FOUR LOTS! NORTHERN BACKYARD EXPOSURE is perfect for relishing BREATHTAKING SUNRISES & MESMERIZING SUNSETS. Built in 2005 by DAVID WEEKLEY HOMES, FOXTON MODEL residence exudes energy efficiency & charm. Step inside to discover 2, 460 sq ft of living space w/ 10 & 12 ft CEILINGS, accentuated by TILE FLOORING throughout. COMPLETELY REMODELED GOURMET KITCHEN, level 3 GRANITE COUNTERTOPS and FULL BACKSPLASH, island, pantry & SS appliances. Whether hosting formal dinners or casual gatherings, the kitchen seamlessly transitions into cozy breakfast nook or convenient kitchen bar seating area. Entertain guests effortlessly in SPACIOUS LIVING ROOM & adjacent FLORIDA SUNROOM, offering panoramic views. Retreat to MASTER SUITE, featuring SIZABLE BEDROOM w/ SITTING AREA OVERLOOKING the
WATERFRONT, complemented by LUXURIOUS MASTER BATHROOM w/ STANDALONE TUB, DUAL VANITIES, WALKTRHOUGH shower & SPACIOUS CLOSET. TWO GUEST BEDROOMS, situated in separate wing along w/ GUEST BATHROOM, ensure PRIVACY & COMFORT for visitors. ADDITIONAL HIGHLIGHTS include screened front porch, garage accommodating two cars w/ extra storage space, workshop area & utility sink! Experience WATERFRONT LIVING at ITS FINEST w/ amenities such as POLYWOOD DOCK w/ TIKI HUT (2017), KAYAK LAUNCH, FLOATING BOAT DOCK (2018), SEAWALL (2 out 4 lots) & CANTILEVER CONCRETE DOCK. Property also features an ARRAY of RECENT UPGRADES including a NEW ROOF (2023), A/C Rheem 5-ton 16-seer (2017), HOT WATER HEATER (2023), ACCORDION SHUTTERS (2023) in screened lanai & ROLL DOWN SHUTTERS (2023) in Florida Sunroom & master bedroom ENSURING COMFORT & PEACE OF MIND. Adjacent to main residence, vacant lot named "GREEN ACRE FOOD FOREST" features impressive array of MATURE FRUIT TREES, offering delightful fusion of BEAUTY & FUNCTIONALITY - Mango, Avocado, Sugar Apple, Sapodilla, Jackfruit, Black Sapote, Longan Dragons Eye, Jaboticaba, Bananas, Olive trees, Moringa, Jamaican & Barbados Cherry Loquat, Fig tree, Red Button Ginger, Chaya Tree Spinach, Okinawa Spinach & Katuk (Sweetleaf). Situated in residential neighborhood close to essential amenities, this location provides easy access to RECREATIONAL ACTIVITIES & NEIGHBORING CITIES. Don't miss out on the chance to make this exceptional property YOUR OWN & CREATE LASTING MEMORIES w/ FAMILY & FRIENDS!!!

Features

  • Rooms: 5
  • Bedrooms: 3
  • Baths: 2 full
  • Lot Size: 80 x 125
  • Laundry: Inside, Laundry Room
  • Style: Contemporary
  • Year Built: 2005
  • Garage: 2-car Driveway, Garage Door Opener, Oversized, Workshop in Garage
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 2,438
  • Acreage: 0.46
  • Lot Size: 80 x 125
  • Est. Taxes: $3,289
  • Lot Desc: Oversized Lot
  • View: City, Trees/Woods, Water
  • Pet Policy: Yes
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Microwave, Range, Range Hood, Refrigerator, Washer
  • MLS#: A4625527
  • Days on Market: 11 days
  • Website: https://www.raveis.com
    /prop/A4625527/325ne5thterrace_capecoral_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 10/18/2024 12:17:09 PM)
Listing courtesy of RE/MAX REALTY TEAM   Phone: 239-242-2000

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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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325 NE 5th TERRACE, Cape Coral, FL, 33909

$589,000

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 $471,200 $471,200 $471,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.490% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.681% 6.678% 6.034%
Monthly Tax Payment $274 $274 $274
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,214 $2,975 $3,913
Total Monthly Payment $3,580 $3,341 $4,279

* 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.