MASSIVE PRICE REDUCTION! SELLER MOTIVATED! Unique opportunity to own an expansive, track-facing, garage with drive through bay doors at the new, 200-acre Motor Enclave in Tampa, Florida! Unit 805 features nearly 2900 heated square feet of blank canvas, which can be nearly doubled if desired, to create your dream garage and personalized second floor mezzanine level! This coveted unit actually has three garage bay doors, and a balcony overlooking the track, as this incredible space was exclusively created by combining two garages! With two single-bay doors in the rear and one double bay door in the front of the unit, the drive through capability of this garage means easy access for your vehicles, truck and trailer. Able to accommodate most vehicles, the single doors are 16H x 9W while the double bay door is 18Wx10H. This extraordinary space also features three separate HVAC units and two electrical services, making it incredibly desirable for the most discerning of luxury automobile owners. This unit can be purchased individually or in conjunction with end unit 1517! The Motor Enclave boasts a 1. 72 mile Hermann Tilke designed Performance Track, a 100 acre off road course, a 37, 000 square foot corporate events center and the largest Private Garage Community in the world. Gated entrances lead you to the more than 300 privately owned garages, with Unit 805 standing out as a rare gem in this secure community, dedicated to unparalleled automotive experiences for members and guests! With an excellent convenience factor to Tampa Executive and Tampa International Airports, as well as downtown, The Motor Enclave appeals to the most passionate of automotive enthusiasts. Schedule your showing of this incredible offering!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,950,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,560,000 | $1,560,000 | $1,560,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.343% | 6.876% | 6.725% |
Monthly Tax Payment | $208 | $208 | $208 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,989 | $10,118 | $13,589 |
Total Monthly Payment | $10,322 | $10,451 | $13,922 |
* 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.