333 COCOANUT - JUMP ON THIS PRIME ROSEMARY DISTRICT DEVELOPMENT OPPORTUNITY! This 15, 750 sq ft mixed use lot is zoned DTC (Downtown Core) and can be constructed up to 10 stories with up to 18 residential units. Already have due diligence which can be shared, including The location of this phenomenal corner lot places it directly at the base of the very popular Cocoanut corridor; the most popular crossing across Fruitville Rd. Those residents lucky enough to purchase into any development created here at 333 Cocoanut, will be able to walk to the bayfront or downtown in under 5 minutes! Penthouses will be able to have bay views with a very attractive cost per square foot. Please click on the links to be taken to websites and videos which show exactly how enticing this lot is. Its a clean slate just waiting for the right developer to come in and create 18 luxurious units at a great time in the market. 3 lots being sold as one. 1274 4th, 1282 4th, 1290 4th
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William Raveis Real Estate
RVP, Mortgage Banker
William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr)
Adjustable Rate Jumbo*
|Term||360 months||360 months||180 months|
|Initial Interest Rate**||7.250%||7.375%||7.250%|
|Interest Rate based on Index + Margin||8.125%|
|Annual Percentage Rate||7.903%||7.506%||7.480%|
|Monthly Tax Payment||$647||$647||$647|
|H/O Insurance Payment||$125||$125||$125|
|Initial Principal & Interest Pmt||$30,016||$30,390||$40,166|
|Total Monthly Payment||$30,788||$31,162||$40,938|
* 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.