229 NW 15th Pl Cape Coral, FL 33993
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About this home
THIS HOME IS ON CITY WATER AND SEWER - AND IS THE LEAST EXPENSIVE HOME ON A TRIPLE LOT IN ALL OF CAPE CORAL! ***Presenting this 3-bedroom, 2-bathroom home nestled in a desirable Cape Coral area. This property is located on a triple lot, measuring 120x125 feet, offering ample space for potential expansion, adding a swimming pool, storage, or simply enjoying outdoor activities. The neighborhood is exceptionally pet and family-friendly. A significant advantage is the convenient walking distance to the local school. Also, it is situated just a mile from Pine Island Road, providing easy access to a wide array of dining establishments and shopping centers. The home features 3 large bedrooms, a kitchen island, and a new roof installed in 2023. A major benefit is that this property is already connected to city water and sewer services, saving future owners the hassle, disruption, and rising costs associated with future municipal utility upgrades in surrounding areas. Furthermore, this home enjoys a high and dry location, eliminating the need for costly flood insurance. Location-wise, it's conveniently situated within a 20-mile radius of both Fort Myers and Punta Gorda airports, and approximately 15 miles from the bridges leading to the beautiful beaches of Fort Myers Beach and Sanibel Island. ------Recent updates (within last 3 years): Roof 2023 - AC 2022 - All Ductwork new 2025 - Attic insulation 2025 - Water Heater 2025 - Plumbing re-pipe 2024.
Source: FORTMYERS #2025008285
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FAQs
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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