ATTENTION INVESTORS, BUILDERS OR DEVELOPERS, Florida Commercial Group is pleased to present the opportunity to acquire and develop a 2. 18 acre land parcel in the growing neighborhood of Citrus Park. An undeveloped raw land site, the property is high and dry, fenced on 3 sides and is situated just outside of the quiet Woodmont, Citrus Park neighborhood. There are no HOA or deed restrictions-so bring all the toys! A great corner lot measuring (approx. ) 297’ x 320’. Utility easement and access to this site runs along Cain Road and hook up will need to be verified with Hillsborough County. The survey for this property was completed July 25, 2019 and the Phase I Environmental Site Assessment of the property was conducted on May 22, 2019; both are available upon request. Zoned AS-1 (agricultural single family, allowing 1 unit per acre), this is an outstanding opportunity to develop two single family homes as an investment property, construct a small family estate site or build a community residential home, bed & breakfast or a worship facility. Located just off Gunn Hwy, this property is very easily accessible via the Cain Road corridor and entry to the site is on Gant Road. This is an excellent location close to Citrus Park Mall, Upper Tampa Bay Trail, dining, shopping, medical, banks, premier school districts, parks and many other amenities. Situated just one mile from the Veteran’s Expressway, you’ll also have a short commute to Ehrlich Road, Sheldon Road, Linebaugh Avenue and Anderson Road, putting you in close proximity to everything Citrus Park, Carrollwood and Westchase has to offer. Also, Tampa International Airport and Downtown Tampa are respectively a 15- 25 minutes’ drive away. The area is growing quickly with residential development, commercial commerce and redevelopment of all types and is projected to continue to experience increases in population and households’ incomes over the next five years. Call for additional property details and get in on the expansion of this growing area.
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Our Executive Mortgage Banker:
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$729,000
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 | $583,200 | $583,200 | $583,200 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,880 | $3,876 | $4,918 |
Total Monthly Payment | $3,972 | $3,968 | $5,010 |
* 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.