2932 Washington ROAD, Valrico, FL, 33594 | $1,299,000
Under contract-accepting backup offers. This 6. 92-acre property, zoned Planned Development (PD) for 26 single-family homes, offers a unique investment opportunity in the thriving Valrico market. The combined parcels include 2932 Washington Rd, Valrico, FL (MLS TB8306840) comprising 6 acres, and 509 N Saint Cloud Avenue, Valrico, FL (MLS TB8306834) totaling 0. 92 acres. Please note, the owner is not willing to separate the parcels.
Several land tests have already been completed, providing a solid foundation for development. The property includes a home built in 1958 with three bedrooms and one bathroom, which has been unoccupied for several years. It remains structurally sound and is connected to an electric source, with potential to hook up to county water. Additionally, the land is equipped with three wells, a septic tank, and an electric pole.
This property backs up to well-established communities like Somerset and is adjacent to new developments such as Valri Forest, highlighting the growth potential of the area. Valrico is experiencing a surge in new construction, making it a prime location for developers looking to build in a high-demand area. Its proximity to top-rated schools, retail centers, and recreational facilities adds to the appeal, drawing families and professionals alike.
Just minutes from Highway 60 and a short 10-15 minute drive to Plant City, this property offers both convenience and opportunity. The growing demand for new homes in Valrico, combined with its desirable location, makes this land especially attractive to investors.
Architectural renderings of the approved planned development, vetted by Hillsborough County, are available for review. Don’t miss the chance to be part of Valrico’s rapid growth and create a standout community in this flourishing market.
Features
- Lot Size: 528 x 7552
- MLS#: TB8306840
- Days on Market: 48 days
- Website: https://www.raveis.com
/prop/TB8306840/2932washingtonroad_valrico_fl?source=qrflyer
Listing courtesy of KELLER WILLIAMS SUBURBAN TAMPA Phone: 813-684-9500
William Raveis Family of Services
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
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860.690.5052
Robert.Reade@raveis.com
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
2932 Washington ROAD, Valrico, FL, 33594
$1,299,000
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 | $1,039,200 | $1,039,200 | $1,039,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.750% | 6.625% | 6.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.321% | 6.750% | 7.038% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,740 | $6,654 | $9,196 |
| Total Monthly Payment | $6,865 | $6,779 | $9,321 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388