Welcome to your new home at the vibrant 55+ Tropic Terrace Condo Community! This charming and updated FIRST FLOOR condo is ready for you to move in and start enjoying the Florida lifestyle. As you step inside, you'll notice the inviting ambiance with tile flooring throughout, creating a seamless and easy-to-maintain living space. The kitchen and bathroom have been recently updated, offering modern convenience and style. You'll find your assigned parking spot right outside your front door. Key upgrades include a new electric panel, high hats for ample lighting, and new Hunter fans with remotes for added comfort and energy efficiency. The entire condo has been freshly painted, giving it a clean and welcoming feel. One of the unique features of this community is the availability of dock leases on a first-come, first-served basis on a gulf access canal, along with a convenient boat launch. Residents can also enjoy community amenities such as a beautiful pool area, perfect for socializing and relaxing under the sun. If you're feeling active, there's even a shuffleboard area where you can challenge your new friends to a friendly game. Conveniently located, this condo offers easy access to both downtown Fort Myers and Cape Coral, ensuring you're never far from shopping, dining, entertainment, and all the attractions Southwest Florida has to offer. Don't miss out on this opportunity to own a piece of paradise in a thriving 55+ community. Schedule a showing today and make this adorable condo your new home!
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Our Executive Mortgage Banker:
Our Insurance Division:
$139,900
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 | $111,920 | $111,920 | $111,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.055% | 6.256% |
Monthly Tax Payment | $171 | $171 | $171 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $745 | $735 | $944 |
Total Monthly Payment | $991 | $981 | $1,190 |
* 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.