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16202 Indian Mound Road
Tampa, FL 33618
$900,000
Conventional
Property
Bedroom
4
Bathroom
Full: 3
Property Type
Conventional
Square ft
1878 Square Feet
Property Description
Location, Location, Location! This meticulously maintained 4-bedroom, 3-bathroom home with an 800-square-foot mother-in-law suite is in the highly desirable Carrollwood area of the beautiful Estates of Lake Magdalene. Known for its scenic beauty and convenient access to all Tampa offers, Estates is a sought-after community that combines tranquility with convenience. This neighborhood is known for its mature trees and lush landscapes, offering a peaceful atmosphere while still being close to shopping, dining, and entertainment. Plus, there’s no need to worry about flood insurance, CDD, or HOA fees! Sitting on a double lot, this property provides ample space and endless possibilities. The owner already has plans for a second home build, making this an incredible opportunity for those looking to expand or invest. Imagine the potential—whether you’re thinking of creating a family compound, generating rental income, or building a custom workshop, this lot has the space to make your dreams come true. Step into the backyard, and you’ll be greeted by an oversized pool surrounded by beautiful new pavers that add a touch of elegance and charm to the outdoor space. The covered seating area is perfect for relaxing and keeping cool from the Florida sun while still enjoying the outdoors. Whether you’re hosting a summer barbecue, lounging by the pool, or simply enjoying the peace and quiet of your private oasis, this backyard is designed for relaxation and entertainment. Inside the home, you’ll find an open great room seamlessly flowing into a bright kitchen. The kitchen is the heart of the home, featuring an oversized center island perfect for meal prep, casual dining, or gathering with family and friends. The wood-burning fireplace in the great room adds warmth and character, making it a cozy spot for relaxing on cooler evenings. The laundry room off the kitchen is a generous 11x9, providing plenty of space for all your storage needs. Whether you need extra room for pantry items, cleaning supplies, or laundry essentials, this room covers you. One of the standout features of this home is the nearly 800-square-foot mother-in-law suite. Complete with its full bath and laundry room, this suite offers privacy and convenience for guests or extended family members. It’s also an excellent option for those looking for a home office, studio, or rental income potential. The suite’s separate entrance ensures privacy while connecting to the main house. Living in Estates means you’re part of a well-established community with a friendly atmosphere and a strong pride in homeownership. The neighborhood is known for its beautiful, mature trees and landscaping, creating a serene environment perfect for walking, jogging, or simply enjoying the outdoors. Plus, the lack of flood insurance requirements, CDD, and HOA fees means more savings for you! Conveniently located in the heart of Carrollwood, this home is just minutes from top-rated schools, shopping centers, dining options, and recreational facilities. You’ll have easy access to major highways, making commuting a breeze and putting all of Tampa’s attractions within reach. Don’t miss your chance to own this incredible property in one of Tampa’s most desirable neighborhoods. Whether you’re looking for a spacious family home, a place to entertain, or a smart investment, this home has it all. Schedule your private showing today and experience the charm and convenience of living in Estates!
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1959
MLS Number
--
Location
Address
16202 INDIAN MOUND ROAD
City
TAMPA
State
FL
Zip Code
33618
County
HILLSBOROUGH (NORTHEAST TAMPA)
Listing
Name
Phone
(727) 460-8636
Office Name
Office Phone
(727) 894-1600
Agent Name
Bunni Longwell
Agency Phone
(727) 894-1600

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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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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.