1345 NE 2nd St, Cape Coral, FL 33909
3 beds · 3 baths · sqft
Welcome to 1345 NE 2nd St, a beautiful waterfront home in the heart of Cape Coral, FL. Built in 2005, this stunning 3-bedroom, 2.5-bath property perfectly blends modern comforts with coastal charm, offering the ideal setting for a relaxed, yet vibrant lifestyle. With 2,247 square feet of living space, plus a den/flex room perfect for a home office or study, this home provides both space and versatility. Step inside to an open floor plan with a spacious great room and a split bedroom layout for added privacy. The kitchen is a chef’s dream, featuring stainless steel appliances (updated in 2019), a large island, stylish backsplash, and vaulted ceilings that create an airy, contemporary feel. The master suite is a true retreat with cathedral ceilings, French doors to the screened lanai, a walk-in closet, and an en-suite bath with dual sinks, a separate tub, and shower. Enjoy year-round comfort with central electric cooling and heating, including a new air conditioner installed in 2020. Outside, the screened lanai overlooks the canal, offering direct water access—perfect for boaters. The backyard has plenty of room for a pool, should you desire. Additional upgrades include a new roof, water heater (2019), and washer/dryer (2021). Located on a 0.23-acre lot in a quiet, non-gated neighborhood with no HOA fees, this home is close to schools, shopping, dining, and recreation. The City of Cape Coral utility assessment is fully paid, adding tremendous value to the property. Reliable utilities include water from the City of Cape Coral, electricity from Lee County Electric Coop, and internet/cable services from Xfinity, with reasonable monthly expenses. This property also boasts an assumable VA mortgage with a favorable 2.75% interest rate, making it a great financial opportunity. Notably, the home has no history of water intrusion or damage from Hurricane Ian, ensuring peace of mind. With its prime location, recent upgrades, and unique waterfront access, 1345 NE 2nd St is a rare find. Don’t miss the chance to make this exceptional home your own!
Source: FORTMYERS #224063210
Interest rate and monthly payment estimated based on public records.
Source: FORTMYERS #224063210
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #224063210
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.