5243 SAGAMORE, NEW PORT RICHEY, FL 34655

Description

Short Sale. Short Sale. 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 re-plastering, new pump and filtering equipment. Lender’s 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 OWNER’S 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 Plaintiff’s covered dwelling. Plaintiffs' (homeowners,) belief at the time, the sinkhole had not been repaired and continues to damage Plaintiff’s property. Owner claimed due to Forced Insurance on the property, Wells Fargo’s insurer refused remediation. A first and lesser sinkhole in 2003 was remediated.