tomo logo

$525,000

Beds
2
Baths
2.0
sq ft
1,211

138 SW 53rd St, Cape Coral, FL 33914

138 SW 53rd St

CAPE CORAL, FL 33914

  • 12 days on market
GET READY to set sail from your own backyard with this boater's paradise in Cape Coral! This charming SAILBOAT ACCESS, saltwater property is in one of the most highly desired areas of Cape Coral, FL. Located off of Pelican Blvd south of Cape Coral Parkway, you’ll find this little gem nestled on a street of very nice high end homes. And it’s on the best side of the street too! This home boasts a desirable south exposure, providing abundant natural light throughout the day and full sun on your new pool. And we have a GREAT BIG backyard for your new pool too! The true value of this property lies in its prime sailboat access location on a beautiful, quiet street of new and older homes in the $500k - $2+M price point. This is a fantastic investment opportunity, whether you choose to update the existing home or tear it down and build anew. So bring your architect or your interior designer and remodeling! This great SW Unit 3 location is ideal for serious boaters wanting fast access to the Gulf of Mexico, and it's just around the corner from the Bimini Basin, home of the renowned Christmas boat parade. This adorable two bedroom home features a newly installed metal roof (2022), ensuring durability and modern appeal. The property includes 80-feet seawall, a captains walk and two boat lifts. And smooth, direct access to the Gulf of Mexico! Additional boat toy storage is provided by the convenient backyard shed. It's a short boat ride to Sanibel, Ft. Myers Beach, Cayo Costa and more. Bring your big boat and fishing poles to this amazing waterfront location. Also located within minutes of public and private golf courses, freshwater boat ramps, hospital, library, shopping and dining. You've done your homework and you know all the reasons Cape Coral has been chosen as a top destination in the country for waterfront living, affordability, quality of life, and as one of the safest cities to live in. And we found the perfect opportunity for you! NO HOA, NO rent restrictions. No reason not to buy this great little investment opportunity!

Details

Property type

Single Family Residence

Est. home value

$470,478

Lot size

0.23 acres

Price per sq ft

$434

Year built

1964

Annual property taxes

$6,222.06

Price History

06/22/2024
FortMyers

FortMyers #224050989

Listed
$525,000
06/22/2024
FortMyers

FortMyers #224050989

Removed
$525,000
06/21/2024
FortMyers

FortMyers #224050989

Listed
$525,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Number of units in community: 

1

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

Jerry L Nelson

Loan start date

June 2007

Original loan amount

$76,000

Est. remaining balance

Not provided

Interest rate

6.17%

Loan type

Stand Alone Second, 0 year

Seller

Shaheen Butt

Lender

Jerry L Nelson

Loan start date

June 2007

Original loan amount

$76,000

Est. remaining balance

Not provided

Interest rate

6.17%

Loan type

Stand Alone Second, 0 year

Seller

Shaheen Butt

Lender

Aig Fsb

Loan start date

February 2006

Original loan amount

$480,000

Est. remaining balance

Not provided

Interest rate

7.99%

Loan type

Not Provided, 40 year

Seller

Shaheen S Butt and Raffina Butt

Lender

Aig Fsb

Loan start date

February 2006

Original loan amount

$480,000

Est. remaining balance

Not provided

Interest rate

7.99%

Loan type

Not Provided, 40 year

Seller

Shaheen S Butt and Raffina Butt

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: 07/03/2024 at 10:35 AM

Listing updated: 06/24/2024 at 8:17 PM

Listed by: Paula Hellenbrand, Encore Realty Services Inc Phone #: (239) 542-4600

MLS: FortMyers #224050989

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Recently listed in CAPE CORAL