Discover the Potential in Seven Hills!
Welcome to this spacious 4-bedroom, split-floor plan home with an additional den/study, located in the highly sought-after Seven Hills subdivision in Spring Hill, Hernando County, Florida. This property is perfectly situated on a corner lot, just a short drive from the Suncoast Parkway and close to schools, shopping, parks, recreational facilities, beaches, and more.
Built by Beck Builders, this well-constructed masonry home offers vaulted ceilings in the living room and kitchen, adding to its open and airy feel. The home boasts ample size and includes a 14x28 in-ground pool with a screened enclosure and a generous 430 sq. ft. lanai. For pet owners, there’s even a dog run conveniently located off the pool area. The lot also enjoys fencing maintained by neighboring properties.
Recent updates and improvements include a new roof (May 2022), which alleviates any concerns for wind mitigation, and several 4-point inspection items identified in a previous home inspection have already been addressed. While the HVAC system (2011) is older, it remains in working order.
The property has experienced subsidence/settlement activity in the past. The seller is prepared to address and remediate the issue, with a permit and notice of commencement already in place; however, the work will only be completed prior to closing if the offer is deemed acceptable.
The home is priced to reflect the repairs and updates needed, offering a significant opportunity for buyers to add their personal touches and realize its full potential. The seller will not make any additional repairs. Govern yourself accordingly.
The previous transaction fell through when the buyer’s lender required all inspection report repairs to be completed prior to closing—a financially infeasible request given that this home is priced nearly 25% below its as-repaired value.
Please note, this home will not qualify for FHA or VA financing, unless you are pursuing a rehab loan.
Don’t miss this opportunity to own a well-built home in an established neighborhood at an exceptional price. The foundation has been set for you to bring your vision and make this home your own!
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Our Executive Mortgage Banker:
Our Insurance Division:
$329,900
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 | $263,920 | $263,920 | $263,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.443% | 7.133% | 6.256% |
Monthly Tax Payment | $349 | $349 | $349 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,778 | $1,754 | $2,226 |
Total Monthly Payment | $2,202 | $2,178 | $2,650 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.