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34342 Mission Valley Drive
Dade City, FL 33525
$1,795,000
Conventional
Property
Bedroom
6
Bathroom
5
Property Type
Conventional
Square ft
4880
Property Description
Under contract-accepting backup offers. This Spectacular Custom Built 3,239 sq. ft. pool home has 4 bedrooms and 3.5 baths, with a 1641 sq.ft., 2 bedroom, 1 bath apartment over the 6 car detached garage which makes this a MUST SEE!! The home sits on 7.66 acres which makes this the epitome of Old Florida living. This home checks all the boxes. Spectacular views, with amazing sunsets right out your back door. The property backs up to the 8th hole of Lake Jovita, one of Florida’s TOP ranked golf courses. This home was completely remodeled in 2021-22. This 3,239 sq. ft 4 bedroom 3.5 bath pool home is loaded with lavish features and impressive architectural details throughout. Just to mention a few; wide plank white oak flooring and porcelain tile throughout, a new bright white gourmet kitchen, all new appliances, the kitchen has a huge 8ft x 6ft custom marble island for family and friends to gather around, all bedrooms have custom closet systems, all bathrooms have been redone with seamless glass shower doors, soaking tub, marble and quartz countertops throughout, a huge laundry / mudroom with tons of storage, a gorgeous double sided wood burning fireplace, soaring 12 ft ceilings and 8 ft doors, beautiful custom wall and ceiling moldings throughout the home. The house has tons of natural light and has plantation shutters. The formal dining room has lighted cabinetry and a wine fridge. The back of the home has 8ft tall pocket sliders that completely open up to your own private oasis, an impressive 5,754 sq. ft oversized screened in lanai with a massive custom built pool complete with waterfall with built in slide. The expansive patio is complete with a custom outdoor kitchen that includes a gas range, outdoor fridge, cabinetry for storage and a full size sink with beautiful leather granite counter tops for parties and entertaining family and friends. Main home has a 2 car garage, new roof on main home and detached garage / apartment, A/C, whole house water filtration system and a whole house/ apartment Generac generator. **The detached 6 car garage with apartment above has ample room for all your toys, perfect for a car enthusiast. Above the garage there is a 1,641 sq. ft apartment. The apartment has 2 bedrooms, 1 bath, kitchenette and a large balcony that overlooks the back of the property with sweeping views of the golf course. Perfect for multi-generational family living, rental income, home business, etc., the possibilities are endless! The property has a secure private gated entrance. It is also fenced and crossed fenced. There are 2 paddocks and a 4 stall barn with auto waterers for your horses or other farm animals. Majestic grandfather oaks to enjoy, fruit trees, 30x30 fenced garden with raise planting beds for the gardener. This property is perfect for anyone who enjoys the peace and natural scenic beauty of the outdoors. Close to the historical town of Dade City and just minutes from I-75, making a trip to Tampa a breeze. This is a true hidden gem. Properties like this don’t come available every day. Don’t miss your opportunity for the perfect family, entertaining and outdoor activity home!
Property Information
Lot Size
7 acre(s) square ft
Property Type
Residential
Year Built
1997
MLS Number
W7859640
Location
Address
34342 MISSION VALLEY DRIVE
City
DADE CITY
State
FL
Zip Code
33525
County
PASCO (COUNTY NORTH)
Listing
Provider
Berkshire Hathaway Florida Properties Group, original listing
Name
Berkshire Hathaway Florida Properties Group
Phone
Office Name
BHHS FLORIDA PROPERTIES GROUP
Office Phone
(727) 849-9400
Agent Name
Nancy Best

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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.