Pending
bedrooms
4
bathrooms
2
square feet
2,001
Acreage
13.25
Open Houses
-
year built
1965
Full Baths
2
Half Baths
0
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.
Location | |
Subdivision | UNPLATTED |
County | Hillsborough |
Elementary School | Bailey Elementary-HB |
Middle School | Burnett-HB |
High School | Strawberry Crest High School |
Open houses
None scheduled.
Find out more
Tell us who you are, and we will have someone reach out to you.
MLS number: T3534485
Listing agent:
Bill Buffington
#624528
Listing broker:
Lpt Realty, Llc.
(877) 366-2213
Copyright © 2024 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Last update: Wednesday, December 18 2024 at 9:22 p.m. EST
Kotohomes National