PRICE REDUCTION!! Seller financing available. Washington Park Village is a 1. 009 ACRE FULLY APPROVED PUD TO BUILD 13 TOWNHOMES, in the desirable town of OLDSMAR, 15 minutes NW of Tampa Airport. There are 2 townhomes already built and sold on the site, (not included in the sale). The seller has submitted a siteplan amendment to the Oldsmar city Planning Dept. , to modify the townhouse layout, to build 7 DETACHED TOWNHOMES & 3 DUPLEXES. This will increase the value of the built product. This has had verbal support from the planning department. In addition to the land, THE SALE INCLUDES: A PACKAGE OF 40+ PLANS for reference: SITE SURVEY, SITE/CONSTRUCTION PLANS/ARCHITECTURAL PLANS and PLANS/RENDERINGS FOR 3 MODELS OF TOWNHOMES. A buyer can also build their own townhouse design on the 13 site parcels. All site utilities have been installed. This saves a buyer years of time, money and effort. There is a fully operational HOA, & DOCUMENTS included in the sale. There is even a MARKETING WEBSITE. The site is located in a very attractive tree lined residential neighborhood, the site is set back from the street, with deep grass verges, and is bordered on 3 sides, by Park Blvd, St. Petersburg Dr. E. & Washington Ave. New construction single family homes, on adjacent blocks, are priced in the $800, 000-$900, 000 range. The site is some 30 minutes from downtown Tampa. Tampa is reported to have a 3% annual population increase which has fueled housing inflation. Oldsmar is also very attractive to families, due to the high ranking of its public/private schools. The site is also walkable to Oldsmar’s waterfront and Mobbly Beach Park. The City of Oldsmar is actively planning to develop a mixed use 'downtown' on 8 acres of land, 3 blocks from this site. They aim to create a mix of residential, commercial and civic spaces. THERE IS NO OTHER SITE FOR SALE, IN PINELLAS OR HILLSBOROUGH COUNTIES THAT COMPARES TO THIS OFFERING!
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $880,000 | $880,000 | $880,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.875% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.851% | 7.014% | 6.915% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,929 | $5,781 | $7,787 |
Total Monthly Payment | $6,054 | $5,906 | $7,912 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.