Address: 5243 Sagamore Court, NEW PORT RICHEY, FL 34655
Description
Short Sale. Short Sale. Under contract accepting backup offers. Hurricane Milton totaled the pool cage and the roof. The leaking roof has caused extensive damage to interior ceilings and insulation in crawl space. Due to high expense an estimate for mold remediation has not been purchased. Pool needs complete replastering, new pump and filtering equipment. Lenders BPO estimate placed what is believed a very conservative $120,000 repair estimate. Typical in Short Sales. Realtor believes another $100,000 minimum. This does not include information just discovered on November 3rd, 2025 which references the need to remediate a second sinkhole that developed 7 years earlier in 2011 noted on pages 3 thru 6 of the HOME OWNERS COMPLAINT in Pasco County Case #2018 002346 CA filed on 7/23/2018 against Wells Fargo, quoted the subject property endured sudden and substantial structural, damage and physical loss as a direct and proximate result of the continuing sinkhole activity and/or an abrupt settlement or systematic weakening of the earth supporting Plaintiffs covered dwelling. Plaintiffs' (homeowners,) belief at the time, the sinkhole had not been repaired and continues to damage Plaintiffs property. Owner claimed due to Forced Insurance on the property, Wells Fargos insurer refused remediation. A first and lesser sinkhole in 2003 was remediated.
Short Sale. Short Sale. Under contract accepting backup offers. Hurricane Milton totaled the pool cage and the roof. The leaking roof has caused extensive damage to interior ceilings and insulation in crawl space. Due to high expense an estimate for mold remediation has not been purchased. Pool needs complete replastering, new pump and filtering equipment. Lenders BPO estimate placed what is believed a very conservative $120,000 repair estimate. Typical in Short Sales. Realtor believes another $100,000 minimum. This does not include information just discovered on November 3rd, 2025 which references the need to remediate a second sinkhole that developed 7 years earlier in 2011 noted on pages 3 thru 6 of the HOME OWNERS COMPLAINT in Pasco County Case #2018 002346 CA filed on 7/23/2018 against Wells Fargo, quoted the subject property endured sudden and substantial structural, damage and physical loss as a direct and proximate result of the continuing sinkhole activity and/or an abrupt settlement or systematic weakening of the earth supporting Plaintiffs covered dwelling. Plaintiffs' (homeowners,) belief at the time, the sinkhole had not been repaired and continues to damage Plaintiffs property. Owner claimed due to Forced Insurance on the property, Wells Fargos insurer refused remediation. A first and lesser sinkhole in 2003 was remediated.
Features
Building and Construction
Covered Spaces: 0.00
Exterior Features: Sidewalk
Flooring: Carpet, Ceramic Tile
Living Area: 2378.00
Roof: Shingle
Property Information
Property Condition: Completed
Garage and Parking
Garage Spaces: 2.00
Open Parking Spaces: 0.00
Parking Features: Garage Door Opener
Eco-Communities
Pool Features: In Ground
Water Source: Public
Utilities
Carport Spaces: 0.00
Cooling: Central Air
Heating: Central, Electric
Pets Allowed: Dogs OK, Yes
Sewer: Public Sewer
Utilities: Cable Available, Electricity Connected
Finance and Tax Information
Home Owners Association Fee: 315.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Tax Year: 2024
Other Features
Appliances: Dishwasher, Electric Water Heater, Exhaust Fan, Range, Refrigerator
Association Name: SOUTHERN OAKS/ SENTURY MANAGEMENT
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