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Under contract-accepting backup offers. Incredible Development Opportunity in Valrico – 7. 19 Acres in total.
This offering includes two parcels, one is 6. 92 acres at 2932 Washington Rd, Valrico, FL and the other is 0. 92 acres at 509 N Saint Cloud Avenue, Valrico, FL. The owner is seeking to sell both parcels together, as significant preliminary work has already been completed with Hillsborough County to combine the properties under a Planned Development (PD) zoning designation.
The proposed PD zoning (Application No. RZ PD 24-0141) has been recommended for approval and could allow for the development of approximately 17 to 26 single-family homes, offering an exceptional investment opportunity in the growing Valrico area.
Additional:
A 1958 single-family home on 2932 Washington Rd (3 bed, 1 bath), has been unoccupied for years.
Three existing wells, a septic system, and an electric pole.
Multiple land and environmental tests already completed.
Valrico is experiencing a surge in new construction, making it a prime location for developers looking to build in a high-demand area. Its proximity to top-rated schools, retail centers, and recreational facilities adds to the appeal, drawing families and professionals alike. Just minutes from Highway 60, 15 minutes to I4 and a short 30 minute commute to downtown Tampa, this property offers both convenience and opportunity. This is a rare chance to acquire and develop a well-positioned parcel in a high-demand market with much of the groundwork already laid. Detailed documentation is available upon request.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$850,000
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $680,000 | $680,000 | $680,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.477% | 6.223% | 6.078% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,968 | $4,132 | $5,692 |
| Total Monthly Payment | $4,060 | $4,224 | $5,784 |
* 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.