We have just listed a REO (bank-owned post-foreclosure). Ready to sell, no delays.
NEW, NEVER-LIVED-IN !!! On a nice East-West Street that connects to the major exits of I-75.
$117,200 for 1400 sq ft of living area and 1969 sq ft total area.
No way you can build a 1956 sq ft home from scratch in Lee County. The lot, impact fees, permits and site preparation would blow the project out of the water, even in this present diminished market. Yes, labor is now a little cheaper, but materials are not much different from 2005/2006. Impact fees are impact fees, and not much can be done with that. Site prep is still a major expense, due to the new EPA and Health Department requirements for extensive lot build-up. So why would you even think about building from scratch when you can have one of these beautiful NEW, Never-Lived-In homes for way below construction cost? Take advantage of the Law of Supply and Demand!
Contact us now! We have more of these homes in both Cape Coral and Lehigh Acres, Florida.
Jim Gibson, Florida Realtor, MBA, E-PRO
Cell: (239) 823-3469