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This is an exceptional opportunity to acquire a fee-simple, developable parcel directly from the City of Bradenton. This property is a vacant land parcel totaling 10, 920 SF (0. 2507 acres). It is strategically positioned on the east side of 18th Street West, approximately 152 feet south of 10th Avenue West. Located in a stable, established neighborhood, the site holds strong appeal for families due to its proximity—just one block north—to Ballard Elementary public school. The current zoning is T4-R, General Urban Restricted, with a Future Land Use (FLU) of Urban Village. This high-density zoning is specifically designed for residential intensity, allowing for development types such as duplexes, townhomes, or multi-family units up to 2. 5 stories, which maximizes yield on this infill parcel. This public offering presents a streamlined path for development, leveraging the City's sale process and T4-R zoning to accelerate the creation of affordable housing.
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Our Executive Mortgage Banker:
Our Insurance Division:
$75,000
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 | $60,000 | $60,000 | $60,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.285% | 6.132% | 5.415% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $341 | $359 | $478 |
| Total Monthly Payment | $416 | $434 | $553 |
* 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.