7040 Cognac DRIVE, #1, New Port Richey, FL, 34653 | $148,000

LOCATION LOCATION!! Near Historic Downtown New Port Richey! NON-FLOOD ZONE X - Schedule your showing today and you will be happy that you viewed the Beautifully Spacious Magnolia Valley Condominiums both inside and outside!!   This 1, 282 square foot fully furnished FIRST floor TWO bedroom, TWO bath condo is spacious, has beautiful views, and makes a perfect snowbird retreat!!   Just a few minutes to historic downtown New Port Richey where you can enjoy walks around the lake, eat at your favorite restaurant/bar and also enjoy the quaint shops.   Search New Port Richey and you will find out what a lovely town it truly is.    The backyard of this condo has a nature park where many different species of birds and wildlife pass through this park daily,  get your binoculars,  you will truly enjoy the daily wildlife routine.  The large living room and large master suite both have sliding doors that make a full view possible of the peaceful nature park.   The open plan of the kitchen, dining, and living room really makes the condo feel spacious and how it opens right into the enclosed porch just really makes you feel very cozy.   Two good size storage units on each side of the enclosed porch.   Several storage closets throughout.   Very large master bedroom with ensuite bathroom and walk-in closet and sliding glass doors to see the beautiful backyard nature park view. The second bedroom also has a nice big window to view the nature park as well.   So, no matter which main room you are in you will have this nature park view.    We have many local beaches within a few miles, such as Green Key Beach and Anclote Beach, and just a few more miles South visit the beautiful Howard Beach and Park, and a few more miles after that, visit the beautiful Honeymoon Island Beach and Park, and a few more miles South, visit the beautiful Touristy Clearwater Beach.   Go North from NPR and visit Hudson Beach, and Sunwest Park.   Then about 45 minutes north, you can kayak on the rivers of Weeki Wachee and see a mermaid show, and during the winter visit the Manatees.  Just 45 minutes to Tampa Airport.   This Condo Unit is Fully furnished and turnkey. Assigned Covered Parking too.   This area just really has endless things to do, and during the winter season, there are broadway shows, concerts, endless weekend festivals, festivities to where you can really never finish all that beautiful Tampa Bay area boasts.   New Port Richey is really the perfect location to live, work, retire, and play.   Included in pictures are a few of local views.   The Central AC/Heat was installed in 2019, the Roof in 2025, and the Hot Water Heater is 2013.   Flooring is mostly laminate (wood coloring) and ceramic tile throughout, linoleum in kitchen.   This condo is ready for you to make it your own!  MOVE-IN READY!!  Schedule your immediate showing today!

Features

  • Heating: Central
  • Cooling: Central Air
  • Levels: 2
  • Rooms: 8
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Inside, Laundry Closet
  • Complex: MAGNOLIA VALLEY CONDO
  • Year Built: 1973
  • Common Charge: $345 Monthly
  • Approx Sq. Feet: 1,044
  • Acreage: 29.22
  • Est. Taxes: $1,545
  • Adult Communities: Yes
  • Pet Policy: No
  • Appliances: Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer
  • MLS#: TB8348937
  • Days on Market: 5 days
  • Website: https://www.raveis.com
    /prop/TB8348937/7040cognacdrive_newportrichey_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 4/16/2025 9:36:14 AM)
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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7040 Cognac DRIVE, #1, New Port Richey, FL, 34653

$148,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $118,400 $118,400 $118,400
Term 360 months 360 months 180 months
Initial Interest Rate** 6.500% 6.875% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.058% 7.063% 6.152%
Monthly Tax Payment $129 $129 $129
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $748 $778 $991
Total Monthly Payment $952 $982 $1,195

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.