Rehab & Renovate Opportunity - ARV Potential of $800K in Historic Seminole Heights! Stay tuned for more photos. The lot itself is one of the largest that becomes available in the neighborhood: over 13, 000sf. This means plenty of room to make modifications. Refinish the driveway, add a 3-car garage, 5th bedroom, and still have a room for your own custom pool. Ample power with NEW 400 amp electrical, added in 2020. For more added value, consider rebuilding the detached in-law suite where the slab foundation is already in place. Considerable amount of work needed; however, you can make this home BIGGER, create a ground level master wing/suite, the sky is the limit…Neighborhood photos provided to portray the prime location that is Seminole Heights. Within a ½ mile from Harvest Bowl Eatery & Market, Starbucks, Publix, I-275 ramp. Less than 10 minutes from Armature Works, Downtown Tampa, and an upcoming $600M mixed-use development – all to support home values. CASH ONLY. Book your tour before it's gone. Happy Holidays!
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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 | $392,000 | $392,000 | $392,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.443% | 7.133% | 6.256% |
Monthly Tax Payment | $81 | $81 | $81 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,641 | $2,605 | $3,306 |
Total Monthly Payment | $2,797 | $2,761 | $3,462 |
* 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.