RARE CORNER LOT OPPORTUNITY IN SOUGHT-AFTER WEST TAMPA - A DEVELOPER’S DREAM WITH A CHARMING 2/1 HOME & IN-LAW SUITE. Nestled in the vibrant heart of West Tampa, this unique property presents a rare opportunity for those looking to invest in a thriving community or find their forever home. Priced at $490, 000, this spacious corner lot stands out with its potential for future development and immediate comfortable living. ---PROPERTY HIGHLIGHTS--- EXCEPTIONAL LOT SIZE & LOCATION: : : Situated on a generous corner lot, this property offers unmatched potential in West Tampa. With current comps at close to $300, 000 for single lots, the value here is undeniable. Perfect for those envisioning future expansion or development, with the possibility to split the lot and build two homes when the time is right. CHARMING RESIDENTIAL LIVING: : : The property features a cozy 2 bedroom, 1 bathroom main house, showcasing spacious living areas perfect for everyday comfort. The included in-law suite, complete with a bedroom, bathroom, and kitchenette, offers additional flexibility for guests or rental income. INVESTMENT WITH A VISION: : : Ideal for cash buyers looking for a strategic investment in a booming area. This property is not just a home, but a long-term investment with potential for significant appreciation. Live in and love your home now, with the option to sell to developers in the future, capitalizing on the area’s growth. ABOUT WEST TAMPA: : : West Tampa is a gem within the Tampa Bay area, known for its rich cultural heritage, thriving local businesses, and beautiful parks. Residents enjoy a blend of urban and suburban living, with easy access to some of Tampa’s best dining, shopping, and entertainment options. The community's strong sense of history and identity, combined with its strategic location, makes West Tampa a desirable place for both living and investment. ---WHY THIS PROPERTY IS A MUST-SEE--- FUTURE-PROOF INVESTMENT: With the market’s cyclical nature, this property stands as a smart buy for those looking to invest in Tampa’s future. The corner lot’s development potential is a blank canvas for the right visionary. LOCATION, LOCATION, LOCATION: : : Enjoy the best of West Tampa, with its proximity to downtown, the waterfront, and all the cultural richness the area has to offer. FLEXIBILITY FOR NOW AND LATER: : : Whether you’re settling in for the long haul or planning for future development, this property offers both comfort and potential. Don’t miss out on the opportunity to own a piece of West Tampa’s future. Ideal for visionary investors and homeowners alike, this property is a stepping stone to a prosperous future in one of Tampa’s most beloved communities.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$489,900
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $391,920 | $391,920 | $391,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.815% | 7.159% | 6.538% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,607 | $2,605 | $3,360 |
Total Monthly Payment | $2,682 | $2,680 | $3,435 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.