**Investor Special! ** This waterfront saltwater canal property is being sold for LAND VALUE ONLY. This property is listed for land value only assuming buyer will tear down existing home and build on lot. The existing manufactured home has WATER INTRUSION from Hurricane Helene, but has never flooded prior to Helene. The property is 5000 sq. feet with 50 feet water frontage. It includes a brand new 2024 concrete sea wall. This property offers the unique opportunity to build your dream waterfront home on a great saltwater canal with direct Gulf access, NO Bridges or Lifts. Boaters can be on the Gulf Of Mexico within 5 minutes! The property is located on the 2nd main saltwater canal in the community of Signal Cove in Hudson. This canal is very desirable due to it being very wide, very deep, clear and often has dolphins, manatees and marine life playing in the canal compared to other canals in this community. Your view across your very wide canal is the Leisure Beach community. In Signal Cove, you You OWN the land, with no lot fees or mandatory HOA’s. The home is a 1972 Gran Mobile home with 2 bedrooms, one full bath, eat-in kitchen, and large addition added on to west side of home for enclosed Florida/Living room. The home received approximately 8 inches of water intrusion inside home due to Hurricane Helene. No walls or flooring has been removed. The flooring in the older half the home is particle board and NOT safe to walk on. (The East side of the home) This home is NOT gutted, walls & flooring is not removed. Notice: Please be aware that entry into this property is at your own risk. Conditions may be hazardous, including unstable flooring and other risks including mold. By entering the premises, you assume all responsibility for any potential injuries or damages. Proceed with caution. The home also features a covered carport, with a additional concrete slab added on for lots of extra parking space. The home has a large covered back porch/deck facing the waterfront canal. The property has had recent upgrades including a brand new 2024 concrete 50 ft. sea wall, and upgrades to electrical and plumbing , air conditioning in 2023. There was also a recent addition of a large concrete slab added to the side of the home to support a hot tub along w/ electrical upgrades. (hot tub belongs to a neighbor) Buyers and buyers' agents must address any questions & concerns they have directly to Pasco County in regard to the building. No measurements of the rooms & home were taken.
The property has public water and sewer. There is a power pole for electricity, but the power is currently off.
The community of Signal Cove has no mandatory HOA, but it is inexpensive to become a member and share in the private boat ramp and clubhouse. The clubhouse holds many activities for the community & surrounding area. Signal Cove, Hudson is very conveniently located with a Walmart, retail shops, and restaurants nearby. Just a short drive to I-75 and the gulf beaches. It is centrally located to shopping, restaurants, medical, one hour from Tampa international and St. Pete's Beach. Sun West Park beach is only 10 minutes away if you have family that enjoy massive bouncy parks on water and also wakeboarding opportunities. Craft Life brewery, Eagles and Moose only minutes away by golf cart so if you're ready to live your dream life than come and check out this home!
All offers are AS IS, CASH ONLY. And must have POF and all documents in this listing must be signed.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $119,200 | $119,200 | $119,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.582% | 7.159% | 6.518% |
Monthly Tax Payment | $251 | $251 | $251 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $813 | $792 | $1,022 |
Total Monthly Payment | $1,139 | $1,118 | $1,348 |
* 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.