Nestled amidst the charming brick-lined streets of St. Petersburg's prestigious and historic Old Northeast neighborhood, this exceptional residential buildable lot offers an incredible opportunity to create your dream home. The lot measures 80 x 131 feet, totaling 0. 2497 acres, and is one of the rare vacant parcels in this highly sought-after area. Located in a no flood zone, situated on a corner and surrounded by beautiful homes, this property promises an idyllic setting for new construction. This prime location combines urban convenience with suburban tranquility. Minutes away from the vibrant energy of downtown St. Pete, featuring renowned dining, shopping, museums and art galleries. The downtown waterfront also features scenic walking trails for the fitness enthusiast and it should be noted that St. Petersburg is the number one walkable city in the United States. This lot is also just 20 minutes from St. Pete/Clearwater Airport (private jet) and 30 minutes from Tampa International Airport. Embrace the convenience of being centrally located, with award-winning beaches, interstate access, and a myriad of activities at your fingertips. Don’t miss this extraordinary opportunity to secure your chance to create a custom new build in one of St. Petersburg's most desirable neighborhoods.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,500,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,200,000 | $1,200,000 | $1,200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.250% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.371% | 6.372% | 6.182% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,389 | $7,389 | $10,126 |
Total Monthly Payment | $7,514 | $7,514 | $10,251 |
* 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.