Approximately 46. 5 residential acres consisting of 2 parcels on the edge of New Port Richey in an area of new homebuilding where 4-lane Ridge Rd connects east to major Tampa corridors and Moon Lake Rd widening is slated to come. Fenced frontage with security gate. Next to a private airport, Lowes, Home Depot, banks, restaurants, county govt center, retail and office space. Adjoining 650 acres of preserves, this property offers seclusion with riding trails, deer, turkey, hog and forest. Suitable for a multifamily development, premium homesites or a self-sustaining homestead with room for crops and animals. On-site creek provides abundant water year round. Pasco Dev. Review board has indicated that rezoning to a higher density like MPUD or multifamily is feasible. Property is now accessed from the north off Royal Palm Ave. Public utilities are available nearby. WARNING: This is hunting ground. Owners present. Do not enter unannounced without an appointment.
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William Raveis Real Estate
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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 | $1,839,200 | $1,839,200 | $1,839,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.304% | 6.762% | 6.725% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,625 | $11,777 | $16,021 |
Total Monthly Payment | $11,750 | $11,902 | $16,146 |
* 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.