Seller financing available. Developers & investors: Washington Park Village is a 1. 009 ACRE FULLY APPROVED PUD TO BUILD 13 TOWNHOMES, with 2 car garage, in the booming MSA of Tampa-Clearwater, just 15 minutes NW of Tampa Airport. The seller's siteplan has 7 DETACHED TOWNHOMES and 3 DUPLEXES, creating a more valuable townhouse development. THE SALE ALSO INCLUDES: A PACKAGE OF 40+ PLANS for reference: SITE SURVEY, SITE/HOUSE CONSTRUCTION PLANS. All utilities have been installed. This saves a buyer years of time, money and effort. There is a fully operational HOA, even a MARKETING WEBSITE. Note there are 2 townhomes which have already been built and sold on the site, (not included in the sale), but the PLANS/RENDERINGS/ARCHITECTURAL DOCS are. Your buyers can see what the townhouses look like before you break ground! A buyer can also use their own townhouse design on the 13 parcels e. g. build a rooftop terrace for water views of Tampa Bay. The site is located in a very attractive tree lined neighborhood, set back from the street, with deep grass verges and just short drive to the
Gulf Beaches. New single family homes, close by, are priced in the $800, 000-$900, 000 range. The neighborhood is very attractive to families, due to its high ranking public/private schools. The site is also walkable to the waterfront, Mobbly Beach Park. Tampa Bay is experiencing major population growth, resulting in greater demand for residential housing. The city council has proposals to build an 8 acre 'live/walk' mixed use 'downtown'; just 3 blocks from this site, that includes hundreds of rental apartments. This will boost house values in the neighborhood. THERE IS NO OTHER SITE FOR SALE, IN PINELLAS/HILLSBOROUGH COUNTIES THAT COMPARES TO THIS OFFERING!
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $880,000 | $880,000 | $880,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,708 | $5,635 | $7,726 |
Total Monthly Payment | $5,833 | $5,760 | $7,851 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.