Check out this large residential undeveloped parcel of land along the southwest side of the intersection of East Diana street and North 47th Street in Tampa. Across the north side of East Diana Street is the Lucy Dell Community Pond and Park that features a boardwalk and series of fitness stations. This vacant 2. 6 acre lot is located in Hillsborough County adjacent to residential properties, multi-family communities, a county park, schools, shopping, and entertainment venues. The property fronts either East Diana Street to the north or North 47th Street to the east. The front to the property on North 47th Street is between addresses 6412 and 6416 North 47th Street (appears as a vacant lot between the two homes). For practical purpose, you would think this lot is located in the City of Tampa location because of the demographics, the residential and commercial use of the area;however it is located in Hillsborough County. The presence of water created from the road's inlet/drain (drainage mitigation is required). However, the Certified Phase 1 Environmental Site Assessment (ASTM E 1527-13) dated March 23, 2021 certify that there are no wetlands on this parcel (report attached, asked realtor for copy). This property is located in Flood Zone X. The future highest and best use may be changed by the County Zoning application process.
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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 | $260,000 | $260,000 | $260,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.412% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,774 | $1,728 | $2,212 |
Total Monthly Payment | $1,849 | $1,803 | $2,287 |
* 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.