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$495,000

Beds
4
Baths
3.0
sq ft
2,516

1301 Thompson St, North Fort Myers, FL 33903

1301 Thompson St

NORTH FORT MYERS, FL 33903

  • 107 days on market
    • Price drop $4,000↓
Do not miss this fully renovated gulf access home! It has 4 bedrooms and 3 baths including an attached 1 bedroom 1 bath apartment with full kitchen and its own separate entrance that can easily be rented for at least $1200 per month or as a short term vacation rental for even more income if you want to live in it and rent that side out. Or use it for your adult children if they need to come home or a parent if they need to come stay with you or even for guests. Or buy it as an investment property and rent both units annually or as vacation homes! The options are endless and the income good. **Investors estimated CAP rate 11% as an annual rental and much higher as a vacation rental.** Everything you see and touch has been replaced. Quartz counters with waterfall sides on the island and matching backsplash, wood shaker cabinets, new stainless appliances in both the main house and apartment, new luxury plank vinyl flooring throughout, new showers, new toilets, complete new septic system, new AC, new hurricane rated garage door, all new energy efficient low-E impact glass windows throughout, all new impact rated exterior doors, new paint inside and out and new composite dock. Home recently appraised for $575k. Seller is willing to give $11k closing cost credit as well which can be used to buy the interest rate down. If used for temporary rate buy down payment can be reduced by roughly $610 per month year 1 and about $310 per month in year 2. Call for details.

Details

Property type

Single Family Residence

Est. home value

$341,224

Lot size

0.29 acres

Price per sq ft

$197

Year built

1958

Annual property taxes

$981.44

Price History

09/11/2024
FortMyers

FortMyers #224048463

Price change
$495,000
-0.8%
08/30/2024
FortMyers

FortMyers #224048463

Price change
$499,000
-0.2%
07/08/2024
FortMyers

FortMyers #224048463

Price change
$500,000
-9.09%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Abl Rpc Residential Credit Acquisition L

Loan start date

December 2023

Original loan amount

$317,000

Est. remaining balance

Not provided

Interest rate

7.76%

Loan type

Building or Construction Loan, 1 year

Seller

Thomas Gerald Niesman Llc

Lender

Abl Rpc Residential Credit Acquisition L

Loan start date

December 2023

Original loan amount

$317,000

Est. remaining balance

Not provided

Interest rate

7.76%

Loan type

Building or Construction Loan, 1 year

Seller

Thomas Gerald Niesman Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 09/19/2024 at 11:35 AM

Listing updated: 09/11/2024 at 9:26 AM

Listed by: Jerry Niesman, KW Peace River Partners Phone #: (941) 875-9060

MLS: FortMyers #224048463

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