Under contract-accepting backup offers. Old Seminole Heights area, North of W. Hillsborough Ave and West of Florida Ave , This pocket is ripe with bungalows and new construction. The lot size is 51. 5 feet by 180 foot deep. The rear yard is accessible from the alley. Homes have sold in the immediate area from 600k to $985k. The parcel has City of Tampa water/sewer. The parcel has no deed restrictions, No HOA fees and the parcel is not located in
a flood zone. This is a good parcel to build a single family home along with a detached mother in law quarters. The lot is deep and offers this flexibility along with alley access. Interstate 275 entry/exit at E. Hillsborough Ave and Central is about one mile or less from the subject lot. Florida Ave has many craft beer and eclectic restaurants to dine . This is a great neighborhood to plan you dream home for build for a profit.
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William Raveis Mortgage, LLC
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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 | $215,920 | $215,920 | $215,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 7.250% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.295% | 7.408% | 6.623% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,455 | $1,473 | $1,866 |
Total Monthly Payment | $1,530 | $1,548 | $1,941 |
* 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.