Under contract-accepting backup offers. A RARE OPPORTUNITY TO OWN 1. 3 RIVERFRONT ACRES ON THE SCENIC HILLSBOROUGH RIVER JUST A SHORT BOAT RIDE FROM ALL DOWNTOWN TAMPA HAS TO OFFER. This unique property is gated, has 115 ft of riverfront, and is over 500 ft deep. Attention developers, investors, and homebuyers seeking a large property for a truly custom home or seeking opportunities for development. This is one of those properties that must be viewed in person to appreciate all its possibilities. This property has three distinct buildings. The main house 3/2 plus the attached garage converted to an efficiency apartment. The main house has a remodeled kitchen, new vinyl plank flooring, newer AC and lots of natural light. The pool house 1/1 is a cozy nautical themed retreat overlooking an oversized screened pool. The riverside stone guest house 2/1 with a deck that provides tranquil views of the Hillsborough River. This property is perfect for your extended family, investors or developers. Without an HOA, or CDD investors will have few restrictions on how they wish to use the three buildings that have a total of four rental units. You will have the flexibility of two separate additional houses to have guests, family, rent, or Airbnb. This special property is one of a very few that can be redeveloped and transformed into your own private paradise and become the perfect retreat for those who love the riverfront lifestyle. Seminole Heights/Wellswood area is just a short boat ride from Armature works, Riverwalk, and the great restaurants of downtown Tampa, as well as a quick boat ride to Tampa Bay and beyond. Convenient to hospitals, Raymond James stadium, shopping centers, Tampa International Airport and beautiful beaches. Stroll down to the river, sit in the gazebo, imagine the possibilities and relax, you are home. See Matterport 3D
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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 | $1,320,000 | $1,320,000 | $1,320,000 |
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 | $1,492 | $1,492 | $1,492 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,452 | $8,452 | $11,590 |
Total Monthly Payment | $10,069 | $10,069 | $13,207 |
* 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.