Two distinct options for the purchase of the property:
1. The Buyer may purchase 13.25 acres, including the Homestead, while simultaneously granting a life estate to the current resident. This life estate shall remain in effect for the duration of the resident’s life and will be determined by a newly surveyed portion of the land. Upon the termination of the life estate, the Trust shall be given 90 days to vacate the property in full, following which the Buyer shall assume total control of all assets.
2. Alternatively, the Buyer may purchase a defined portion of the existing acreage, excluding the Homestead, for their intended use. This portion of land shall include appropriate ingress and egress, and its boundaries must be determined by a new survey for clarity. The sale will be for a pro-rated and mutually agreed-upon amount. Additionally, the Buyer shall obtain an option from the Seller for a non-refundable sum mutually agreed upon by both parties. Upon the death of the current resident, the Trust shall deliver the opportunity for the Buyer to exercise this option. The Buyer shall have seven business days to declare their intent to exercise the option. If no response is provided within this period, the Buyer’s interest shall be deemed abandoned, releasing the Trustee and all designated parties from any further commitment or obligation to the option. As a result, the Trustee shall be free to list the Homestead and associated ingress/egress for sale. The listing price shall be established based on the total acreage and Homestead. A life estate must be granted to the current resident until their death.
1. The Buyer may purchase 13.25 acres, including the Homestead, while simultaneously granting a life estate to the current resident. This life estate shall remain in effect for the duration of the resident’s life and will be determined by a newly surveyed portion of the land. Upon the termination of the life estate, the Trust shall be given 90 days to vacate the property in full, following which the Buyer shall assume total control of all assets.
2. Alternatively, the Buyer may purchase a defined portion of the existing acreage, excluding the Homestead, for their intended use. This portion of land shall include appropriate ingress and egress, and its boundaries must be determined by a new survey for clarity. The sale will be for a pro-rated and mutually agreed-upon amount. Additionally, the Buyer shall obtain an option from the Seller for a non-refundable sum mutually agreed upon by both parties. Upon the death of the current resident, the Trust shall deliver the opportunity for the Buyer to exercise this option. The Buyer shall have seven business days to declare their intent to exercise the option. If no response is provided within this period, the Buyer’s interest shall be deemed abandoned, releasing the Trustee and all designated parties from any further commitment or obligation to the option. As a result, the Trustee shall be free to list the Homestead and associated ingress/egress for sale. The listing price shall be established based on the total acreage and Homestead. A life estate must be granted to the current resident until their death.
Property Details
Price:
$840,000
MLS #:
T3534485
Status:
Active
Beds:
4
Baths:
2
Address:
4436 CASTLEWOOD ROAD
Type:
Single Family
Subtype:
Farm
Subdivision:
UNPLATTED
Neighborhood:
33584 – Seffner
City:
SEFFNER
Listed Date:
Jun 15, 2024
State:
FL
Finished Sq Ft:
2,966
Total Sq Ft:
2,966
ZIP:
33584
Lot Size:
577,170 sqft / 13.25 acres (approx)
Year Built:
1965
Schools
Elementary School:
Bailey Elementary-HB
Middle School:
Burnett-HB
High School:
Strawberry Crest High School
Interior
Appliances
Dishwasher, Disposal, Microwave
Bathrooms
2 Full Bathrooms
Cooling
Central Air
Flooring
Carpet, Other, Terrazzo
Heating
Natural Gas
Laundry Features
Laundry Closet, Laundry Room
Exterior
Architectural Style
Contemporary, Traditional
Construction Materials
Block, Concrete
Exterior Features
Private Mailbox, Sliding Doors
Other Structures
Finished R V Port, Shed(s)
Roof
Shingle
Financial
Tax Year
2023
Taxes
$10,763
Map
Community
- Address4436 CASTLEWOOD ROAD SEFFNER FL
- SubdivisionUNPLATTED
- CitySEFFNER
- CountyHillsborough
- Zip Code33584
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Courtesy of LPT REALTY. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Stellar MLS. All rights reserved.
4436 CASTLEWOOD ROAD
SEFFNER, FL
LIGHTBOX-IMAGES