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It's underneath the word PARRISH on Google Maps, can't get anymore "main/main" than this property. 140' of frontage, corner lot, with access off 301 or Erie rd. A medical plaza for the new hospital . 4 a mile away? Sure, I can see it. A Starbucks, a Chick-fil-a, a Walgreens, a McDonalds, all of those would work. A multi-tenant plaza with hair salon, dry cleaner, pizza joints, a bar, etc. You get the idea. There is a new park very close by, a new high school 3/4 mile away, new middle school breaking ground now, new Bradenton Christian campus under development, and a zillion other big name, big money projects underway. Massive bonus. . . Medical, retail, QSR, service industry, all will benefit from the railway on the north side of the property which will become Manatee county's own "Legacy Trail" similar to Sarasota. All part of the Parrish neighborhood action plan set forth from Manatee county. Maybe the best opportunity on prime location dirt for many end-uses, there are only a few of this type in any-city America.
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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 | $880,000 | $880,000 | $880,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.750% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 5.858% | 5.806% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $4,859 | $5,135 | $7,249 |
| Total Monthly Payment | $4,984 | $5,260 | $7,374 |
* 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.