9910 Ridgecrest DRIVE, Riverview, FL, 33578 | $2,250,000

Under contract-accepting backup offers. This PRIME LAND is located in a Booming area! The property consists of two tax folio numbers and contains 13. 26 gross acres. The property is heavily wooded with numerous large grandfather oaks, as well as some pine trees and palmettos. Currently there are two older single-family homes that have no contributory value and therefore, the property is being valued as vacant land. The properties are zoned A/R/Agricultural Rural by Hillsborough County. The owners had the land appraised for future land use and to provide an opinion of the market value. The results from the appraisal concluded the Future Land Use: SMU/Single Multiple Units-6 (six units/acre or a total of 79 for the property). Highest and Best Use: Multiple family development at a maximum density of 79 units (17. 56 units/usable acre). This property is centrally located to Big Ben Rd. , St. Joseph's South Bay Hospital, Simmons Loop, the interstate. This land has so much potential schedule to see it soon.

Features

  • Lot Size: 925 x 635
  • Lot Desc: Buildable, Drainage Canal, Wetlands, Wooded
  • View: Trees/Woods
  • MLS#: T3506365
  • Days on Market: 211 days
  • Website: https://www.raveis.com
    /prop/T3506365/9910ridgecrestdrive_riverview_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 12/22/2024 1:16:26 AM)
Listing courtesy of FLORIDA'S 1ST CHOICE RLTY LLC   Phone: 813-566-2434

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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

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9910 Ridgecrest DRIVE, Riverview, FL, 33578

$2,250,000

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 $1,800,000 $1,800,000 $1,800,000
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 $11,675 $11,526 $15,804
Total Monthly Payment $11,800 $11,651 $15,929

* 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.