NEW PRICE! Welcome to an exceptional opportunity to own nearly ONE ACRE of paradise nestled along the HILLSBOROUGH RIVER, featuring approximately 222ft (MOL) of waterfront! Explore the potential for future development! This property offers a variety of possibilities for the discerning buyer. You could opt to retain the lot in its current state and revamp the existing home, or embark on the creation of a stunning, custom-designed residence with panoramic river views. The property could also offer the opportunity for the new owner to pursue options such as lot splitting or rezoning, subject to city approval. Should the new owner opt to subdivide the lot into two, this presents the opportunity to build two distinct homes. Additionally, there's the potential for rezoning and repurposing the property for multiple units. Interested buyers should conduct their own due diligence and follow city procedures for any desired changes. Nestled on this expansive lot, adorned with mature trees, is a serene 2-bedroom, 2-bath retreat. Ensconced in privacy, this sanctuary offers a tranquil escape from the hustle and bustle of city life. Step outside to immerse yourself in the sprawling outdoors, ideal for relaxation and introspection. With the property extending to the waterfront, endless outdoor adventures await. Consider your enjoyment with this waterfront lifestyle providing unparalleled access to the Hillsborough River and a gateway to Tampa Bay and the Gulf of Mexico! Experience the allure of secluded living while remaining just moments away from Tampa's vibrant shopping and dining scene. Located a mere 14 minutes from Armature Works and Downtown Tampa, Tampa General Hospital, and just 5 minutes from the interstate, shopping, and renowned restaurants, this property offers the perfect blend of tranquility and convenience. This isn't simply a home; it's a celebration of authentic Florida living. Please note that the current owner has a survey of the lot and in addition, has two surveys displaying the proposed two lots. The surveys have not been submitted to the Formal Decision Department but according to the department this property meets the lot size qualifications to apply for a Formal Decision for a lot split. As long as the lot meets the following: : The current RS-50 lot is 10, 000sqft or more with a width of 100ft or more. When the lot is split the two new lots must be a minimum of 5, 000sqft or more with a width of 50ft or more. **Property is being sold for the land. **
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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 | $1,516,000 | $1,516,000 | $1,516,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.750% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.406% | 6.864% | 7.058% |
Monthly Tax Payment | $180 | $180 | $180 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,833 | $9,833 | $13,415 |
Total Monthly Payment | $10,138 | $10,138 | $13,720 |
* 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.