Under contract-accepting backup offers. **Investor's Dream on the Lake!**
4205 Trouble Creek Rd, New Port Richey, FL
Discover a rare opportunity to own a piece of waterfront paradise! Situated on over half an acre of serene lakefront property, this 5-bedroom, 1-bath home offers a unique canvas for investors and visionaries alike. The current structure on-site is ready for teardown, making it ideal for new construction to bring your dream home or investment vision to life.
The lush landscape includes mature kumquat and avocado trees, adding a touch of natural charm and the promise of fresh produce. An existing dock provides direct lake access but will require new decking, and the condition of the pilings is unknown.
Priced for the land value only at $50, 000 (appraisal in hand), this cash-only sale offers incredible potential for those looking to invest in a quiet, nature-filled setting. Currently in probate but fully cleared to sell, this is an opportunity not to be missed.
Seize this chance to own prime lakefront property in New Port Richey—perfect for your next project!
***THE HOME IS NOT AVAILABLE FOR SHOWING*** PLEASE DO NOT REQUEST TO VIEW THE INSIDE OF THE HOME. IT IS NOT SAFE TO ENTER. Please feel free to drive by and view the property. There is no sign and no lockbox for entry. CASH OFFERS ONLY
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Our Executive Mortgage Banker:
Our Insurance Division:
$50,000
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
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $40,000 | $40,000 | $40,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $61 | $61 | $61 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $266 | $266 | $343 |
Total Monthly Payment | $402 | $402 | $479 |
* 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.