Offering a RARE OPPORTUNITY to own a HORSE FARM & TWO HOMES with 8-STALL BARN priced thousands below July Appraisal! Located within the sought after Odessa area minutes from Tampa Bay Downs Racetrack, this unique property offers ENDLESS POSSIBILITIES within this estate community having: a two-story MAIN HOME with a wrap around porch and a second ONE-STORY in-law or GUEST HOME home with an attached POSH OFFICE (or man's cave). Enjoy riding on the community shaded equestrian trails which line the outer parameters of the subdivision's estate homes within this established HORSE community. Homeowners have the optional convenience of using an adjacent, privately owned full, training track at a very resonable monthly or yearly fee. The AR (agriculture) zoned subdivision has NO DEED RESTRICTIONS NOR HOA fees. ****Numerous improvements include: an 8 stall block BARN plus a 30'x30' oversized garage. The driveway was resurfaced in 2024, the barn and ONE STORY back home share an all ALUMINUM ROOF & TRUSSES. **** Located adjacent to Cheval’s Show & Competition Pavilion & ten minuses from Tampa Bay Downs racetrack & within A+ school districts. Area continues to feel rural yet property is 5-10 minutes from shopping malls, restaurants, hospitals with a multi-sport county sports complex ten minutes away, an ideal location 20 mins from the airport. It is 30-40 minutes from Florida's award winning powder-white sand beaches like Clearwater and Caladesi Island Beaches in Dunedin with Gulf access from multiple locations including Tarpon Springs for red fish and grouper fishing in the middle-grounds. **** The two-story 3 Bdrm/3Ba main home includes a heated HOT TUB & HEATED CAGED POOL with LG LANIA for entertaining. Adjacent to the home is an OVERSIZED 3+ car garage with commercial size garage doors that can accommodate large vehicles or gym room. The minimalist 2-story home has Two NEW AC units installed in Sept/2023 and the home has an effective age of 2005 following a 2007 total renovation which included: new TRAVERTINE flooring downstairs & HARDWOOD floors upstairs, new DOUBLE PANED windows, new KITCHEN CABINETS with GRANITE counters & new appliances with OVERSIZED refrigerator, remodeled bathrooms with TRAVERTINE and GRANITE vanity tops and maintenance free vinyl siding on the second story. ****The back one-story home has 1 (or 2) bedrooms with a great room opening to full kitchen and dinette along with a full laundry room & a multi-purpose flex-space for a study. This 2nd home is perfect for a MULTI-FAMILY living or as a guest house. The current posh office studio opens to the apartment for a combined 2366 sq ft or it can be closed off as a separate 2nd apartment, having separate front & back entrances (a perfect property for a caretaker or jockey). It can be leased as two INCOME PRODUCING Rentals. Included are: Three paddocks with hot walker and a rear RV pad and port. ****Live next to nature on a farm with room for pets & gardens. ****NOTE: The Sq Ft reflects the combined size of both homes yet the number of bedrms/baths are not combined. ****Architectural sketches are available showing options for expansion of main home space for a 2nd downstairs master bdrm addition. Enclosure of portions of porch expands kitchen by mol 240 sq ft with the enclosure of a walk-in pantry & laundry room. Renderings shows two options to add a downstairs master bedroom & 4th bath &/or a Great Room. NOTE: Year built represents Age of Enlarged Back Home & Effective Age.
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William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,510,400 | $1,510,400 | $1,510,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.443% | 6.246% | 6.201% |
Monthly Tax Payment | $355 | $355 | $355 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,177 | $9,177 | $12,746 |
Total Monthly Payment | $9,657 | $9,657 | $13,226 |
* 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.