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$660,401Estimated home value

Beds
4
Baths
2.5
sq ft
1,964

5930 River Rd, New Port Richey, FL 34652

5930 River Rd

NEW PORT RICHEY, FL 34652

  • Off market
**Welcome to 5930 River Rd, a rare waterfront estate on the serene Cotee River.** This unique property offers a blend of luxury, comfort, and potential. The home boasts 4 spacious bedrooms, a versatile loft, and 3.5 well-appointed bathrooms. The expansive 24,500 sq ft lot, lined with mature palms and tropical plants, offers 80 feet of direct river access leading to the Gulf, making this a boater's paradise. The main home features a 2-car carport, a detached 1-car garage that can be transformed into a guest cottage or mother-in-law suite with existing power, water, and loft space. The interior is designed for both elegance and practicality, with oakwood floors on the first level and pinewood floors on the second. The kitchen is a chef's delight, with stainless steel appliances gas stove top with granite counter top, complete with an oak breakfast bar, greenhouse window, walk-in pantry, and a convenient half bath. The formal dining room, highlighted by a chandelier and stained glass windows, opens to the lanai through French doors, offering stunning river views. The living room is the heart of the home, featuring a fireplace with a stone mantle, arched entryways, and beamed ceilings. Upstairs, you'll find the master suite and a loft with a skylight, perfect for additional living space or a cozy retreat. Built for durability, the home features a metal roof, dual AC units, stone construction, and cypress wood shingles, all set on a solid foundation with a termite-proof, extensive support system. Whether you're enjoying a meal in the Florida room, relaxing on the lanai, or taking the chair lift upstairs, this estate offers a unique lifestyle on the water. Prime Investment Opportunity Near Downtown – High Income Potential** Discover this exceptional investment property, perfectly situated just minutes from Downtown Main Street, vibrant restaurants, and pristine beaches. This property is not just a place to call home; it's a lucrative investment opportunity currently generating over $4,200 in monthly income. With its unbeatable location, residents enjoy easy access to the best the area has to provide, from dining and shopping to entertainment and outdoor recreation. Whether you’re looking to expand your real estate portfolio or find a high-yielding property, this one checks all the boxes. Don’t miss out on this rare opportunity to own a property in one of the most sought-after locations! Don’t miss the opportunity to own this incredible waterfront retreat.

Details

Property type

Single Family Residence

Est. home value

$660,401

Lot size

0.56 acres

Price per sq ft

$356

Year built

1920

Annual property taxes

$9,084.43

Price History

09/14/2024
StellarMLS

StellarMLS #W7867670

Removed
$699,000
08/21/2024
StellarMLS

StellarMLS #W7867670

Listed
$699,000
-10.38%
05/31/2024
StellarMLS

StellarMLS #T3490412

Removed
$779,988

Schools & Community

Neighborhood: 

South River

Elementary school: 

Richey Elementary School

Middle school: 

Gulf Middle-PO

High school: 

Gulf High-PO

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$362,025
Asking price
$699,000
Closing costs (~8% of asking)
-$55,920
Est. remaining loan balance
-$281,055
Cash to seller
$362,025

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Guaranteed Rate Inc

Loan start date

June 2020

Original loan amount

$308,000

Est. remaining balance

$281,055

Interest rate

3.28%

Loan type

New Conventional, 30 year

Seller

Courtney Morris and Geila Ann Morris

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Off Market

Tomo last checked: 09/16/2024 at 5:35 PM

Listing updated: 08/23/2024 at 5:23 PM

Listed by: MICHAEL Hurley, DALTON WADE INC Phone #: (888) 668-8283

MLS: StellarMLS #W7867670

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Recently listed in NEW PORT RICHEY