This unique riverside property in Silver Oaks Estates is one of the largest homesites on the Hillsborough River. Located at the end of a cul-de-sac, this stunning property presents an exceptional opportunity for a distinctive lifestyle along the Hillsborough River. Situated within a gated community, this expansive lot spans 30, 000 sq ft with an impressive 180 ft of river frontage, allowing for the creation of a custom dream home. The property boasts a well-constructed sea wall and a convenient boat ramp to enhance the waterfront experience. Its strategic location, near the heart of the Terrace and a mere 20-minute drive from downtown Tampa, offers a rare combination of serene riverside living and easy access to urban amenities. There are no restrictions on builders, providing flexibility for realizing your architectural vision. There is a . 16 acre easement to the west, providing even more privacy and space. The Temple Terrace Recreation Complex offers a variety of activities and a family membership priced at $305 annually, provides access to recreational facilities. Nearby educational options include public schools, Charter Schools, and International Baccalaureate Schools. The property also enjoys convenient access to I-75, the University of South Florida, Temple Terrace Golf & Country Club, Busch Gardens, the VA Hospital, Moffitt Hospital, and other key destinations. This property seamlessly blends suburban tranquility with urban accessibility, creating an environment where everyday necessities and recreational opportunities are easily accessible. Soil tests have be completed and will be provided upon request. Public water, sewer, and electric connections await at the lot boundary, adding to the convenience of this exceptional property. Photos are potential homes that could be built on the homesite by Arthur Rutenberg, one of the premier builders in the area. Call for more information!
Attached also is a recent land appraisal at $565K. Great loan programs for vacant land are available! LOVE WHERE YOU LIVE AND LOVE YOUR LIFESTYLE!!
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NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $448,000 | $448,000 | $448,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.425% | 7.146% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,943 | $2,978 | $3,778 |
Total Monthly Payment | $3,035 | $3,070 | $3,870 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.