Under contract-accepting backup offers. This PRIME LAND is located in a Booming area! The property consists of two tax folio numbers and contains 13. 26 gross acres. The property is heavily wooded with numerous large grandfather oaks, as well as some pine trees and palmettos. Currently there are two older single-family homes that have no contributory value and therefore, the property is being valued as vacant land. The properties are zoned A/R/Agricultural Rural by Hillsborough County. The owners had the land appraised for future land use and to provide an opinion of the market value. The results from the appraisal concluded the Future Land Use: SMU/Single Multiple Units-6 (six units/acre or a total of 79 for the property). Highest and Best Use: Multiple family development at a maximum density of 79 units (17. 56 units/usable acre). This property is centrally located to Big Ben Rd. , St. Joseph's South Bay Hospital, Simmons Loop, the interstate. This land has so much potential schedule to see it soon.
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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 | $1,800,000 | $1,800,000 | $1,800,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.864% | 6.810% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,526 | $11,675 | $15,804 |
Total Monthly Payment | $11,651 | $11,800 | $15,929 |
* 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.