Unlock the potential in this . 31 Acre Lot on High and Dry Prime Property centrally located in the serene neighborhood of Oakford Park, South Tampa. Potential for Builder, Developer or Savvy Investor as a CASH INVESTMENT - Currently it’s a 3 Bed 2 Bath Single Fam 1, 511 Sq Ft with a 3 bay detached garage adding 748 Sq Ft with roofs around 12 years of age in NON-FLOOD ZONE (X), a very SPACIOUS & SIZABLE parcel totaling 13, 680 Sq Ft (60 Ft W x 228 Ft Depth) and Zoned RS-50. Although the true value is in the land this home sustained no damage during the recent storms. Highly desirable top-rated schools to include Plant HS, Wilson Middle, Mitchell Elem with a vibrant location and lifestyle. Another perk is no major trees to take into account when choosing this property as a solid investment. Located just north of Kennedy and close to Midtown, Int’l Mall, Hyde Park, Downtown Tampa, SOHO, Ray Jay Stadium, Amalie Arena, Tampa Riverwalk, Armature Works, Westshore, easy commuting to TIA, MacDill AFB and throughout Tampa Bay via Dale Mabry, 275, 1-4, Selmon & Veterans Expressway and Gandy.
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Our Executive Mortgage Banker:
Our Insurance Division:
$499,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $399,200 | $399,200 | $399,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.708% | 7.133% | 6.256% |
Monthly Tax Payment | $108 | $108 | $108 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,757 | $2,653 | $3,367 |
Total Monthly Payment | $2,940 | $2,836 | $3,550 |
* 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.