Almost 12 acres with paved road frontage in a great location for development and use. This lot is approximately 5 miles to the 275/I-75 skyway interchange. The lot is grandfathered in zoning for up to 2 houses per acre. It's currently zoned for 1 house, but the county zoning will allow a future owner to apply and modify the zoning if wanted, meaning this site would potentially support 22 homesites (see realtor remarks). The lot has approximately 500 feet of road frontage on Valroy rd and is approximately 1200 ft deep. The seller ordered a wetland study from Hillsborough county on 8/14/24. The results are in the pictures and attachments. There looks to be approximately 1 acre of wetland in the back left corner as indicated in picture #6 in the listing photos. This is a developer's dream with tons of potential. If you know how to develop and split this and you could get over 20 homesites. Of course you could leave it as it sits and build a massive compound as well. Totally up to buyer.
I MAKE IT MY POLICY TO PUT ALL KNOWN FACTS AND INFORMATION IN THE WRITE UP AS PROVIDED BY SELLERS AND THE COUNTY DATA, BUT I DO NOT GUARANTEE THE ACCURACY OF THE INFORMATION. EACH BUYER IS RESPONSIBLE FOR DOING YOUR OWN HOMEWORK ON ALL THE FACTS AND FIGURES ON VACANT LAND AND THE LISTING AGENT IS TO BE HELD HARMLESS OF ANY DEFICIENCIES OR MISREPRESENTATIONS. PLEASE BE SURE TO DO YOUR OWN HOMEWORK ON EACH LISTING AND MAKE SURE THE LAND SUITS YOUR NEEDS. LASTLY- BE SURE TO SUBMIT ALL OFFERS ON THE FAR/BAR VACANT LAND CONTRACT. USE THE TITLE COMPANY IN THE MLS INSTRUCTIONS. SELLER WILL PICK AND PAY FOR TITLE. THANKS FOR LOOKING.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $391,999 | $391,999 | $391,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.760% | 7.042% | 6.160% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,707 | $2,575 | $3,282 |
Total Monthly Payment | $2,782 | $2,650 | $3,357 |
* 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.