Built our house in Cape Coral in 1979. Mr. Rosen the developer knew our family and our houses were built next to each other. SE 12th Street. This is West of Rosen Park. It has changed too much in too many ways. Sold in November 2023.
Hi! The assessments I was referring to are the city’s utility assessments. Some locations in Cape Coral are still on well water and septic systems, and the city is slowly bringing central water and sewer infrastructure to those areas. When they do, they issue assessments to the properties (now around $35k per lot). Those assessments are usually financed over 20 or 30 years into the property tax bill, and those assessment balances can be passed on to the buyer of a property if they haven’t been paid off. All three of those homes have had their utility assessment balances paid off. None of them are in an HOA, so there are no other assessments or monthly association fees or anything.
It's amazing how expensive houses that need to be gutted are being sold for. Totally neglected for decades. Bringing them back would cost a fortune, and with price gouging contractors, you would be upside down on your investment.
Yes, I suppose it’s all relative. I probably should’ve mentioned that the average gulf access home sale price in Cape Coral is around $750k, which is why I’m considering $400k cheap. It’s definitely still a lot of money.
Right ! The word "cheap" speaks of quality just as much as price, and "less expensive" keeps the thought strictly on price, regardless of how much it is !
Dustin I like the first house you showed that was nice the time capstor was good but the against golf access homes but maybe we’ll get together someday and I am an investor I’d be looking for an investment property as well wait to see great video maybe I’ll give you a call one of these days
That’s a good question. It would depend on what the wind mitigation report says, which you would get as part of an inspection. My guess is it’s probably around $3k-$4k per year for windstorm coverage (homeowners). That would be for $400-500k of coverage, so you could certainly do less coverage than that and have a cheaper policy. Flood policies for the first and last ones would probably be around $2k. Maybe less depending on what the elevation certificate says. The 2nd one is not in a flood zone, so it usually won’t be required. If you still wanted to get it, I’d say it’d probably be around $1k or so. Maybe less.
There are virtually no areas of south Florida that are that elevated, let alone coastal waterfront. Even inland areas like Clewiston are less than 20ft.
Yes, Babcock Ranch has excellent elevation. I’m not sure their exact numbers but they’re on the southern tip of the higher ridge that goes through the middle of the state so it could easily be 30+. It’s really an excellent and well planned community. It’s just a bit far from everything. Certainly for anyone concerned about the storms, that community handles them better than just about anywhere. Not only the elevation but the electric grid is separate and largely solar. Hurricane Ian hit on a Wednesday and by Saturday, people were out golfing. Very impressed with Babcock.
Built our house in Cape Coral in 1979. Mr. Rosen the developer knew our family and our houses were built next to each other. SE 12th Street. This is West of Rosen Park. It has changed too much in too many ways. Sold in November 2023.
Very cool!
Nice video
Thanks for watching!
@CapeCoralDustin hey Dustin I am thumbnail designer and I redesign thumbnail one of your video
I agree with you, #3 is the better value of the 3. You mentioned assessment being paid on # 1. Is that in a association?
Hi! The assessments I was referring to are the city’s utility assessments. Some locations in Cape Coral are still on well water and septic systems, and the city is slowly bringing central water and sewer infrastructure to those areas. When they do, they issue assessments to the properties (now around $35k per lot). Those assessments are usually financed over 20 or 30 years into the property tax bill, and those assessment balances can be passed on to the buyer of a property if they haven’t been paid off. All three of those homes have had their utility assessment balances paid off. None of them are in an HOA, so there are no other assessments or monthly association fees or anything.
It's amazing how expensive houses that need to be gutted are being sold for. Totally neglected for decades. Bringing them back would cost a fortune, and with price gouging contractors, you would be upside down on your investment.
I would use the expression "less expensive" instead of "Cheap"
Yes, I suppose it’s all relative. I probably should’ve mentioned that the average gulf access home sale price in Cape Coral is around $750k, which is why I’m considering $400k cheap. It’s definitely still a lot of money.
Right ! The word "cheap" speaks of quality just as much as price, and "less expensive" keeps the thought strictly on price, regardless of how much it is !
Looks like house number 2 has a lot of mold in one of the bedrooms
You might be right
Dustin I like the first house you showed that was nice the time capstor was good but the against golf access homes but maybe we’ll get together someday and I am an investor I’d be looking for an investment property as well wait to see great video maybe I’ll give you a call one of these days
Sounds great! Thanks!
How much is the property insurance cost for these homes.
That’s a good question. It would depend on what the wind mitigation report says, which you would get as part of an inspection. My guess is it’s probably around $3k-$4k per year for windstorm coverage (homeowners). That would be for $400-500k of coverage, so you could certainly do less coverage than that and have a cheaper policy. Flood policies for the first and last ones would probably be around $2k. Maybe less depending on what the elevation certificate says. The 2nd one is not in a flood zone, so it usually won’t be required. If you still wanted to get it, I’d say it’d probably be around $1k or so. Maybe less.
wish there were actual properties that wont flood I believe everything there is under 30 ft which is a no go ...
There are virtually no areas of south Florida that are that elevated, let alone coastal waterfront. Even inland areas like Clewiston are less than 20ft.
@@CapeCoralDustin sw florida punta gorda communities like Babcock ranch I heard is approx 30 ft
Yes, Babcock Ranch has excellent elevation. I’m not sure their exact numbers but they’re on the southern tip of the higher ridge that goes through the middle of the state so it could easily be 30+. It’s really an excellent and well planned community. It’s just a bit far from everything. Certainly for anyone concerned about the storms, that community handles them better than just about anywhere. Not only the elevation but the electric grid is separate and largely solar. Hurricane Ian hit on a Wednesday and by Saturday, people were out golfing. Very impressed with Babcock.
I would be worried about mold in anyone of those houses that old.
Definitely would want an inspection!
300k for the first one chief
HOW ABOUT 275G FOR NUMBER ONE BRO
Me too!
Cheap.....LOL....that's funny.