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This attractive 930 sq. ft residential lawn parcel adjacent to 2628 SW 31 PL presents an exceptional opportunity for anyone looking for versatile land use, offering both immediate lawn extension potential for neighboring homeowners seeking to expand their outdoor living space and an ideal affordable parking solution for those needing space for their car, large truck, or van in an established residential area. Available for purchase by anyone, this parcel offers exceptional value as an economical parking solution or as a rare chance for adjacent property owners to significantly increase their property's footprint without the complexities of relocating, instantly creating a more spacious yard for recreation, gardening, or landscaping projects while enhancing their home's overall appeal and market value in today's competitive real estate market, where both yard space and affordable parking are increasingly premium commodities. Whether you're looking to create more breathing room between properties, design larger play areas for children, expand garden retreats, or simply need an affordable place to park your vehicle, this versatile lot delivers immediate practical value through its established residential zoning that ensures compatibility with existing homes while providing the flexibility to serve as budget-friendly parking for cars, trucks, or vans. Lot size appears to be 9. 5 x 115 sq ft according to the Miami-Dade County GIS map.
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Our Executive Mortgage Banker:
Our Insurance Division:
$9,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $7,200 | $7,200 | $7,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.407% | 6.533% | 5.920% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $43 | $45 | $59 |
| Total Monthly Payment | $118 | $120 | $134 |
* 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.