1631 Rosery ROAD NE, Largo, FL, 33771 | $1,030,000

Lot is 2. 5 Acres MOL (. 894 Acre MOL is part of the lake) "X" Flood Zone. There is an existing home on the property. Details from City of Largo: If the current home on 1631 Rosery Road was demolished and you wished to split the current parcel like the neighboring parcels into 5 parcels, you could. The total land area for 1631 rosery is 109, 140 square feet. If this was divided by 5 and each parcel was equal, each parcel would be around 20, 398 square feet. The future land use for these properties is residential suburban (RS). This requires a minimum lot size of 17, 424 per parcel. If the sellers wanted to achieve something similar it would require a relatively large process, and the current home which sits relatively in the middle of the lot at 1631 Rosery would have to come down to achieve such a parcel split. There is however, more lake within the parcel at 1631 Rosery than there is on the neighboring 3 parcels. There would be less land to build on if something similar was achieved for this parcel, but in theory the parcel could be split to achieve something similar if the current home was demolished. The neighboring parcels are not one parcel and are all their own parcel which is why the configuration as it is now is allowed. If 1631 Rosery was split into 5 parcels, each parcel must maintain the 17, 424 minimum square footage, and any home that would be built on each separate parcel would have to meet current code requirements and setbacks. The setbacks would be 10' on each side setback and 30' in the rear. The lot could be split, however, if you were to split the lot the current home would have to maintain property setbacks from the property lines. The setbacks to the property lines are as follows: 10' in the side yard, and 30' in the rear yard. This means that if the lot were split, the current home would need to be a minimum of 10' from both side property lines and 30' from the rear property lines. If by splitting the lot that the home would be encroaching into any of the setbacks, we would not be able to approve the lot split from Pinellas County Property Appraiser. With that being said, if the current home is demolished, then the lot could be split into two lots, and two single family homes could be built on each lot given all property setbacks are met. Per the City of Largo. See MLS Attachments.
Non-powered boating permitted on the lake. Largo Sports Complex only 1/2 Mile away: Largo Sports Complex is a sports and athletic complex that offers a range of facilities and fields, including natural grass fields. Some features include a lighted football field, as well as three 200-foot lighted baseball fields and one 300-foot lighted baseball field. Additional options include lacrosse, softball and soccer. Eagle Lake Park entrance at the end of Rosery Rd. NE: Six Picnic Shelters, Three Restrooms, Playground, Dog Park with Two Areas for Large Dogs and One for Smaller Dogs. Paved 12-Foot Wide Recreation Trail, Numerous Shell Paths for Walking and Enjoying Nature, 2, 000 Feet of Boardwalks over Restored Wetlands, Catch and Release Fishing Permitted. Central Park Performing Arts Center only 2 miles. Highland Recreation Complex only . 09 Miles. Largo Public Library 2 miles. Only 19 miles to Tampa International Airport, conveniently located to beaches, shopping, restaurants and entertainment. Come explore the endless potential of this amazing Largo home! NO HOA & NO Flood Insurance Required!

Features

  • Lot Size: 214 x 510
  • View: Pool, Water
  • Elem. School: Ponce de Leon Elementary-PN
  • Middle School: Largo Middle-PN
  • High School: Largo High-PN
  • Pet Policy: Yes
  • MLS#: T3533607
  • Days on Market: 63 days
  • Website: https://www.raveis.com
    /prop/T3533607/1631roseryroadne_largo_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 9/27/2024 11:17:09 AM)
Listing courtesy of KELLER WILLIAMS SOUTH TAMPA   Phone: 813-875-3700

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1631 Rosery ROAD NE, Largo, FL, 33771

$1,030,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $824,000 $824,000 $824,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.375% 6.125% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.055% 6.234% 5.805%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $4,614 $5,007 $6,788
Total Monthly Payment $4,739 $5,132 $6,913

* 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.