If you can stand the heat and humidity of southern Florida, this comfortable 3-bedroom ranch might be worth a look. Priced at $139,900, it is well below Zillow.com’s value estimate of $205,000. According to the realtor’s description, this place is in good condition and is move-in ready (except for the 90s-fab thing going on… especially the kitchen --- see pics), so no time or money need be spent on renovations or repairs here. It even has a pool!! This place sold for $150,000 over five years ago (3/4/2003), so you can now get it at the price it would have been worth in 2001 or 2002. The neighborhood seems pretty typical, with room for development as new houses are built on the vacant lots that are scattered around the area.A place like this would rent for about $900 per month, so it might be tough to get positive cash flow out of this house --- seems like it might be a better find for a potential owner-occupant. As baby-boomers continue to retire and head to places like Florida, prices seem likely to rebound and continue to climb at a reasonable pace.
The basics...
Address: 2519 SW 23rd Avenue, Cape Coral, FL 33914
Current Listing Price: $139,900
PREVIOUS Sale Price: $150,000
Size: 3 Bedrooms, 2 Bathrooms; 1,520 square feet
Lot: .25 acres
http://www.realtor.com/realestate/cape+coral-fl-33914-1100617488/
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