Under contract-accepting backup offers. SIGNIFICANT PRICE IMPROVEMENT: This property is conveniently located near the I-75 corridor in the Ruskin Colony Farms 1st Extension, near Sun City Center and the Amazon Distribution Center, and a short distance to Tampa Airport. The property is partially developed with utilities available just under 5 acres (MOL). The property has electricity and water connected. There is a small home on the property (if removed, the parcel will have to be rezoned for Residential). Ideal location for small strip centers, offices, etc. This parcel is currently zoned CN with FLU (see below). The future land use designation, which governs what the property could be rezoned to, is Residential-4. This designation allows for the potential rezoning to a zoning district that would allow for up to four dwelling units per gross acre in situations that represent an ideal set of circumstances about the compatibility of the proposed development with surrounding land uses, existing and/or approved, and about the adequacy and availability of public facilities. Pre-submission with Hillsborough County Planned Development is recommended if re-zoning is being considered. The owner is motivated! The property currently has a small home that is being rented (Please DO NOT DISTURB TENANT).
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William Raveis Mortgage, LLC
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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 | $639,200 | $639,200 | $639,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | $296 | $296 | $296 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,253 | $4,248 | $5,390 |
Total Monthly Payment | $4,641 | $4,636 | $5,778 |
* 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.