Great location, 10. 27 acres of land to build your dream home or have family compound or develop a subdivision and here is wants needed to done to develop a subdivision; Acreage Land Use : Parcel consist of two Folio #’s : 013282-0000 & folio # 013282-0020.
Folio # 013282 is a 6. 49 acres and this parcel went through a land use ( Hillsborough County Comp Plan) change from R-1 to R4(Residential—4 homes per acre) . The parcel still has to go through a rezoning process to change the current zoning from ASC-1 to RSC-4. The parcel Folio # : 013282. 0020 is a 3. 78 acre parcel with no address that the current Land Use is R-1 or one home per acre. This parcel must go through a Hillsborough County Comp plan land use change to R-4 and then a rezoning process to RSC-4 . After a wetland survey is obtained, then a buyer could determine how many homes could be built on the parcel. The parcel has between 4. 5 to 4. 8 acres of wetland/pond. On Geraci Road is a 4” force main and a 8” water line. Birchwood Preserve Subdivision is adjacent to the parcel on the west and Lake Fern Villas Subdivision on the east. Here is an opportunity to do many things with this 10, 27 acres of land. (PLEASE READ REALTOR ONLY REMARKS REGARDING SHOWING THIS PROPERTY)
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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 | $1,400,000 | $1,400,000 | $1,400,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,964 | $8,964 | $12,292 |
Total Monthly Payment | $9,089 | $9,089 | $12,417 |
* 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.