Prime Investment Opportunity in the Heart of Old Seminole Heights! Positioned on a spacious 50x140 SF lot, this property offers a rare chance to build in one of Tampa’s most popular and evolving neighborhoods. Located in Flood Zone X (no flood insurance required), this property is ideal for buyers with a vision—whether it’s a tear-down for custom new construction. With new builds and renovations happening throughout the area, Old Seminole Heights is experiencing a surge in demand and development. Just minutes from Downtown Tampa and close to some of the best spots in The Heights—Corner Club, Magnanimous Brewing, Gangchu Chicken & Beer—this location offers a vibrant mix of dining, entertainment, and recreation. New construction in the area is selling for around $300-$330/SF, with larger homes selling for $700K+. Enjoy easy access to Publix, McDugald Park (with brand-new beach volleyball courts, baseball fields, pickleball, and tennis), nearby riverfront parks, and I-275 for a quick commute—just 10 minutes to Downtown Tampa, 5 minutes to ZooTampa, and 15 minutes to Tampa International Airport. Major Systems: Roof replaced in 2017 (permitted). HVAC is from 2016 and Water heater is 2011. Plumbing partially updated. Home is being sold for LAND VALUE, AS-IS, CASH ONLY for seller’s convenience. The seller has never occupied the property and has no knowledge of its condition.
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Our Executive Mortgage Banker:
Our Insurance Division:
$200,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $160,000 | $160,000 | $160,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.582% | 7.171% | 6.518% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,091 | $1,063 | $1,372 |
Total Monthly Payment | $1,166 | $1,138 | $1,447 |
* 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.