This exceptional 85-foot riverfront property on the Hillsborough River offers a rare opportunity to build your dream waterfront home. Perfectly located halfway between downtown and USF, the neighborhood is a quiet, green refuge. The river here is gentle and calm, and so is life. With the river behind you and the park in front, you almost forget you are in the middle of a vibrant city. The value is in the land. The existing home was damaged by a fallen tree during Hurricane Milton and is currently uninhabitable. The solid seawall is in excellent condition. The dock and pilings are strong. You can launch a kayak and paddle upriver, or launch a pontoon boat and take the family to see the lights downtown. You may just want to sit on the dock and enjoy a 100 yard view of nothing but nature. It is the best view on the river. Watch otters play in the water, dolphins glide by, and alligators bask in the sun. Herons, egrets, and owls soar overhead, creating a peaceful and vibrant atmosphere. The property has been meticulously landscaped and lovingly cared for by the same owners for decades. Situated on a quiet, desirable street with a beautiful green space/park directly across the road, this lot is an ideal setting for redevelopment. Located in an AE flood zone, it offers a unique opportunity to build a custom home that maximizes both privacy and beauty. Don’t miss your chance to own this incredible piece of Tampa riverfront real estate, where the beauty of the river and the wildlife will become a part of your everyday life.
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Our Executive Mortgage Banker:
Our Insurance Division:
$625,000
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 | $500,000 | $500,000 | $500,000 |
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 | $14 | $14 | $14 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,369 | $3,411 | $4,321 |
Total Monthly Payment | $3,475 | $3,517 | $4,427 |
* 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.