Nestled in the coveted West Palma Ceia neighborhood, this expansive property presents a rare opportunity for discerning buyers. Offering a 2066-square-foot, 4-bedroom, 3-bathroom block home with a pool, the residence sits on an oversized 16, 380-square-foot lot boasting an impressive 200+ feet of road frontage. Whether you choose to renovate the existing structure or embark on a new construction project, the possibilities are endless. The current layout features four bedrooms, including a master suite with its own bathroom, while one of the additional bedrooms could easily be transformed into a second master by converting an adjacent oversized laundry room, already equipped with a two-year-old water heater, side-by-side refrigerator, stand-up freezer, and ample storage. Notably, an adjacent "office" with its own bathroom offers versatility, ideal for conversion into an ADU (Accessory Dwelling Unit) complete with plumbing in place for a kitchenette. Outside, a detached oversized two-car garage, a 9-foot-deep pool, and a raised storage shed with built-in shelves complement the property. A concrete block fence surrounds the perimeter, ensuring privacy and security, while an enclosed room at the rear of the house provides further potential with pre-existing plumbing for a shower and changing area, perfect for enhancing the master suite or creating additional amenities. Beyond the property’s boundaries, the neighborhood boasts a welcoming community atmosphere, renowned for its safety and strong sense of community. Families will appreciate the proximity to top-rated schools such as Plant High School, Grady Elementary, Coleman Middle School, St. Mary's Episcopal School, and Christ the King, all within short distance. Nearby amenities include multiple grocery stores, restaurants, and shopping options, with attractions like Armature Works, Water Street, Downtown Tampa, and Bayshore just a short drive away. Situated in the heart of West Palma Ceia, recently ranked the #1 neighborhood for families in Tampa, this property not only offers potential but also an exceptional lifestyle enriched by easy access to Tampa’s vibrant culinary scene, entertainment venues, and recreational facilities. Whether you envision a renovation project or a new construction venture, this property promises a prime location and abundant possibilities for creating the home of your dreams in one of Tampa’s most desirable neighborhoods.
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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 | $760,000 | $760,000 | $760,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.250% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.409% | 6.360% | 6.201% |
Monthly Tax Payment | $222 | $222 | $222 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,679 | $4,679 | $6,413 |
Total Monthly Payment | $4,993 | $4,993 | $6,727 |
* 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.