Under contract-accepting backup offers. Direct Owner financing available with at least 50% down and good terms! Great Land opportunity for Investors, Home builders, Farmers. . . NO HOA, NO CDD, NO restrictions, bring all your toys, trucks, cars, etc. . . these two parcels are being sold together 11109 and 11105 Sumner Road for $1, 099, 000 (14. 30 Acres) its comes with two 2 homes as well, and there is an additional 4. 49 acres lot that offers a producing vegetable nursery and a Home built in 2007 located at 11101 Sumner Rd (could be purchased for an extra $575, 000). Sumner road has also just been widened to accommodate for a new community still in construction just a few blocks from this property. The 3 lots totals 18. 79 acres (first 2 lots are 14. 30 Acres and 3rd Lot is 4. 49 acres) of High & Cleared land ready for your development, you could potentially have up to 4 single units per acre, this could be a great get away property, or if you have that many cars, trucks and tools, this is a great property for you, with no restrictions! Prime location on busy road, its one of the most Strategic areas in Hillsborough county. The prime land is surrounded by several subdivisions and homes. With a central location to Wimauma, Tampa, Suncity, Branden, Wesley Chapel, . . . Excellent connections to all the main highways US 98, US 301, I-4 and I-75 the options are endless. The land is mostly Fenced with over 667' of road Frontage (3 parcels frontage). The property currently zoned Agricultural Residential "AR". Should your buyer be interested in all 3 lots, it totals almost 18. 79 acres MOL. No testing have been done on these lots, buyer should conduct their own feasibility study. High traffic area is just waiting for your office building, warehouses, medical facility, town Homes / Single Family residence, Hotel, Restaurants, Self-storage. . . etc. There are 3 homes on these lots in addition to some other construction storage, and 2 greenhouses. Endless of potential. Call for more details.
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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 | $823,200 | $823,200 | $823,200 |
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 | $681 | $681 | $681 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,339 | $5,271 | $7,228 |
Total Monthly Payment | $6,145 | $6,077 | $8,034 |
* 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.