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20860 Little Lake Thomas Road
Land O Lakes, FL 34638
$800,000
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
1742
Property Description
Under contract-accepting backup offers. One or more photo(s) has been virtually staged. BACK ON MARKET BUYER FINANCING FELL THROUGH - HUGE PRICE REDUCTION! Gorgeous Lakefront Property and Home situated on 1.52 Acres on Lake Thomas in Land O’Lakes, Florida. Come live the tranquil Florida Lifestyle on this Gorgeous 165 Acre Ski Lake that is 73 feet Deep with clear water clarity showing the light sand bottom. Plus, enjoy the sunsets as your back yard is Western Facing! You will love the rural feel of this home just minutes from bustling Tampa Bay and you’ll appreciate all the possibilities this home has to offer as soon as you arrive…there is a Long driveway leading up to the home with a large 2 car garage with built in shelving. You will love all of the natural light beaming into the home upon entering. The front door also has a glass storm door inviting nature into the Great Room that includes the dining room with French doors leading out to the gorgeous view of the Lake Thomas. The 1st Bedroom is to the right of the Foyer and could also be used as an Office. The Large Dine-In Kitchen was updated in 2017 with Shaker Cabinets, Cambria Quartz Countertops, Stainless Steel Appliances to include a double oven and Large Pantry. Please open up the cabinets! You will find an appliance shelf that lifts for those big appliances you don’t want to see every day plus deep drawers to also hide all of those pots & pans. There is ample space for a kitchen table and barstools perfect for Entertaining with a view of Lake Thomas through French Doors that lead out to a private back patio. The washer and dryer are also located in the kitchen in a closet. The Large Master Suite is opposite of the kitchen with another View of Lake Thomas and has French Doors leading out to the enclosed patio for those moon lit late nights. The En-Suite Bathroom has a large walk-in closet, double vanity, step in shower and jetted bathtub along with its own linen closet. The 3rd Bedroom of the home is next to the Guest Bathroom with another lovely view of Lake Thomas. Enjoy relaxing on the screen patio or on the outdoor patio taking in the lush Florida Tropical Landscaping. There is a 600 Sq. Ft. Detached Garage that has been used as a Workshop but could be turned into an additional garage, She-Shed or a Casita with brand new Electrical Panel! There is also a covered shed for storage for a lawnmower, or boat. Stroll down to the Lake under the gorgeous canopy of Cypress Trees to the screen enclosed Recreational Room that has a bar to entertain. There’s also an amazing 8x10 deck to spend time on the lake or step out to your 25 ft long dock to catch some rays, relax and fish. There is a covered dock for your Boat or Pontoon over the light Sand clear water of Lake Thomas. This lake is Private and is perfect for paddle boarding, kayaking, water skiing or jet skiing. The Pasco County Trail is to be built near the home allowing easy access to ride your bikes or go for long walks. The Home’s Roof is 2yrs old; AC is 4yrs old; Water Heater 2024; Well is in front of the workshop with another midway to the lake from the old home that still works. Close to shops, restaurants, 27 miles to the Airport and 22 Miles to Downtown Tampa! Make Your Future Memories Here! The current Owners did for the past 50years…they loved every minute, now it’s your turn!
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
1995
MLS Number
T3491283
Location
Address
20860 LITTLE LAKE THOMAS ROAD
City
LAND O LAKES
State
FL
Zip Code
34638
County
PASCO (COUNTY SOUTHWEST)
Listing
Provider
Keller Williams Tampa Properties, original listing
Name
Keller Williams Tampa Properties
Phone
(813) 264-7754
Office Name
KELLER WILLIAMS TAMPA PROP.
Office Phone
(813) 264-7754
Agent Name
Julia Wright

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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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Foreclosure Listings Increasing

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.