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32651 Trilby Road
Dade City, FL 33523
$949,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
2693
Property Description
Under contract-accepting backup offers. The price of this amazing 4 bed / 4 bath home has been reduced to $949,000 ($46,000 below the appraised value). It is situated on 11.03 acres on Lake Dowling, a large private-access-only lake of ~80 acres in size. The house has an open space floor plan with cathedral ceilings, solid oak plantation shutters throughout with matching solid oak hardwood floors and porcelain tile in the kitchen and baths. The kitchen has granite countertops and backsplash, an induction cooktop and a one-piece granite sink. The living room is the focal point of the house and has a wood burning fire place and three glass sliders that disappear behind a wall to provide a twelve foot wide access to the patio and a stunning view of the lake. The living room also has a large remote controlled skylight (with auto-close if rain is detected) . The Master Bedroom is oversized with dual sinks and closets. Brand new air conditioner (2024). The roof is going to be replaced. The large screened-in patio, a whopping ~1,632 sq ft, has a blue resin-lined 12 x 24 pool with an outdoor shower, a cabana bath, a fish pond and an english-pub style bar. The property has a separate 14 x 20 art studio / office that is fully equipped with a ¾ bathroom, a kitchen with dishwasher plus washer and dryer. It also has a Murphy bed. This 11 acre gently sloped property is surrounded by rolling hills, rare in Florida and reminiscent of living up north. There is ~800 feet of lakefront, teaming with wildlife. The property is almost completely fenced in with a paved “U-shaped” driveway, two gates, each with remote control openers. The imposing lighted fences and gates give this home a stately appearance, day or night, to assure you of the splendor to follow. There is a 14 x 31 climate controlled unattached workshop/garage in addition to the attached two car garage. In addition to all this, there is a large 40 x 45 barn with electricity and water. Set in a highly desirable area, this property benefits from a great location: 6 miles from I-75, 25 minutes from Wesley Chapel where you will find popular entertainment, shopping centers and dining establishments. Just an hour and 15 minutes from the beaches of Clearwater and St. Petersburg and the same distance to Orlando. An hour away from Ocala (Horse Capital of the World) where the stunning World Equestrian Center is located. The combination of natural beauty and prime location make this unique property in an absolute gem in the real estate market!!! Cost Savings: This property has many features to help bring down your mortgage payment! The art studio / office currently rents out for $1,200/mo. Also, the property is green-belted to save you ~40% in property taxes. There is a 10,000 watt solar system. The barn could be rented out for storage for extra income, too. If you don’t want the pine trees you can make a phone call and just wait for a check to arrive.
Property Information
Lot Size
11 acre(s) square ft
Property Type
Residential
Year Built
1993
MLS Number
OM660943
Location
Address
32651 TRILBY ROAD
City
DADE CITY
State
FL
Zip Code
33523
County
PASCO (COUNTY NORTH)
Listing
Provider
Sellstate Next Generation Realty, original listing
Name
Sellstate Next Generation Realty
Phone
(352) 454-5912
Office Name
SELLSTATE NEXT GENERATION REAL
Office Phone
(352) 387-2383
Agent Name
Andres Murrle

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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.