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4008 Marine Parkway
New Port Richey, FL 34652
$895,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
2100
Property Description
MASSIVE PRICE IMPROVEMENT and a $30,000 upgrade!! Location, Location, Location ! Rare opportunity to purchase a home in one of the most coveted locations in all of Gulf Harbors Woodlands. This home is situated between two bodies of water, there are wetlands to the North and the home backs on to the North Channel of Gulf Harbors, featuring deep water access directly out into the Gulf of Mexico. Enter this bright and open plan home into a great room with massive ceilings. The kitchen, dining room and living room are all located in a great room with hurricane sliders along the entirety of the back wall allowing the sun’s illumination off of the water to dance inside. The sliders open out to a patio party deck and a view of the North Channel. The kitchen is well appointed with all wood cabinetry and all the necessary appliances, there is a breakfast bar and dining area adjacent with a newly installed Stiltz lift. The kitchen living, dining and outdoor entertaining space are seamless in this home. Step down the hall to find a sizable Master bedroom with en-suite bathroom and huge walk-in closet, there are sliding glass doors that overlook the atrium and allow the sunlight to pour in. The second bedroom of ample size is located across the hall with a view of water. A full bathroom is off of the same hallway for visitors. Step out into the private walled atrium and let the spiral staircase guide you to an en-suite mother-in-law roost/home office/design studio. The roost provides an incredibly inspiring view with windows flanking the South and West walls with a massive sundeck for sipping morning coffee or conjuring up your next design project. The BRAND NEW Stiltz lift comes up into the SE corner of the roost. Follow the spiral staircase on the sundeck to a third story deck with 360 degree views over the neighborhood, to include Gulf sunsets and awesome views of incoming fronts !! Outdoor living includes a large entertaining deck and a fixed deck over the water. There is a 10,000 pound boat lift and a floating dock, The gardens are carefree with drip irrigation installed throughout, run from gray water capture in 4 tanks under the back deck. (lift irrigated too, for wash down) The home is located in a deed restricted community, Gulf Harbors Woodlands amenities include: a community center, tennis courts, heated pool and private boat launch. The Gulf Harbors Yacht Club is walking distance from the home. It is a private social club that one can join, featuring wonderful food, delightful atmosphere, incredible folks and the best sunsets around. The Gulf Harbors Beach club is mutually exclusive as well; you have the option to join for $180 per annum, it is a short drive from here and there is a thriving social scene for meeting fellow salts. Catch Blue Crab and Stone Crab at your dock and the Gulf is a straight run, ten minutes to open throttle. Kayaking and Paddleboarders delight in the shallow water excursions, spot: rays, manatee, dolphin, sheephead, snook, redfish, lizardfish etc., the inshore fishery is fire and offshore fishery ain't too shabby either ! This house has been lovingly cared for, meticulously kept and seeking new ownership. Flood insurance assumable at $4127 per annum. Roof 2021
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1978
MLS Number
U8225658
Location
Address
4008 MARINE PARKWAY
City
NEW PORT RICHEY
State
FL
Zip Code
34652
County
PASCO (COUNTY SOUTHWEST)
Listing
Provider
ALIGN RIGHT REALTY CLEARWATER, original listing
Name
ALIGN RIGHT REALTY CLEARWATER
Phone
(727) 286-8789
Office Name
ALIGN RIGHT REALTY CLEARWATER
Office Phone
(727) 286-8789
Agent Name
Jacqueline Hammond PLLC

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.