This could be a great rental property! 7235 Redbud Court, New Port Richey, Florida 34653 Sinkhole homeowner! Call us! According to the Pasco County Property Appraiser's office, this concrete block, stucco house was built in 1973 and has 1699 sqft heated and cooled living area. It has two bedrooms, two bathrooms, and a one-car garage.

A sinkhole insurance claim has been paid on this Florida sinkhole property. To purchase this house you will need cash or a mortgage company that specializes in the financing of homes damaged by sinkhole activity. These properties will not qualify for VA, FHA, or conventional financing due to their condition. Insurance is obtainable, with a company offering an exclusion clause for sinkholes. This type of insurance is not acceptable to most conventional lenders. Call for our preferred insurance agent. We require all of our buyers to read the engineering report before purchasing this or any other sink hole property featured on this website. The report for this property states that the foundation needs an additional 150-250 yards of grout with 18-20 grout points.

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