Cape Coral lots with new assessments for city water and sewer
If you own property in SW or NW Cape Coral which has recently been assessed for public utility betterment of city water and sewer, contact me before paying your balance in full.
There is demand for affordable land that will soon be served by city water and sewer. The assessment balance can and very often does transfer to the subsequent property owner. Then the balance, which will be automatically added to the annual tax bill, is gradually paid over 20 years.
Think about it! Many of these buildable lots have a current value of $12,000 to $15,000. We can sell those lots and transfer both the benefit and burden to the buyer. Should you decide to pay off your nearly $19,000 assessment balance in its entirety, you must now sell the lot valued at $12,000 for $31,000. Bear in mind that there are no comparable sales to support that sales price. In addition, people will part with $12 or $15,000 fairly easily to own a piece of land in Cape Coral. The fact that city water & sewer will be available really soon will be another benefit for the buyer. Their burden is that their annual tax bill will include an additional amount of approximately $1500. Not a big deal. It pales in comparison to forking over $31,000 up front.
The same principle applies to homes, although it’s not as dramatic.
Land and home owners in SW & NW Cape with brand new assessments, please call me to discuss your options.
As a Southwest Florida Real Estate Agent it’s my job to educate my clients and help them get exactly what they want and make sure their best interest are being considered in every detail of the purchase. This blog is all about educating you and empowering you with all the industry news, information, tips and things to consider before buying or selling your home. If you found this article interesting and know someone else that might benefit from it please feel free to share!
I’m always be available for personal service by phone or email, so feel free to contact us with questions any time! My offices are located on 2326 Del Prado Blvd. S., Cape Coral, FL 33990. You can reach me at 239-425-2503 or email me at Bob.Ashworth@gmail.com and you can visit my website at www.BobAshworth.com.