Cape Coral, FL, 33904 - For Sale By Owner

Additional features: Floors: 1, School district: Cape Coral, Features: Waterfront, Carpeted Floors, Spa/Jacuzzi, Pool, Central AC

Two bedroom, 2 bath first floor corner condo on a 200 foot wide canal with almost immediate unrestricted access to the river and 10 miles from Red Sox Spring training ballpark. xa0Located in River Place near the foot of the Cape Coral Bridge. Steps to the pool, large lanai, many ceiling fans and partially furnished. Current owners have moved to a single family home in the same area and are anxious to sell. The property was purchased in Jan, 2005 for $253,500. Recent upgrades: New pipes in Feb 05; New water heater in Sep 06; New AC in Dec 05; New neutral 16 inch tile; New air handler in Sep 06; New interior paint.xa02007. Property tax was $3303.67 in 2007 and dropped to $2363.01 in 2008.xa0 Will likely drop again in 2009!!xa0 Condo fee is temporarily $515/month while reserve that was depleted by hurricane damage is built up again. (Condo fee prior to 2004 hurricanes was $267/month.)xa0 Prospective condo buyers are urged to get details of condo fees, as many condo associations keep the fee low but assess for routine large annual expenses such as insurance and repairs.xa0 The fact is, similar condo complexes will have similar expenses, but how the association chooses to pay for them varies widely.xa0 If purchased prior to Nov. 1, 2009, seller will pay one full year of condo fees!!

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