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About this home
3518 Kiah Dr is a 2001-built home in Terrace Park Ph 03, Wesley Chapel. Inside you'll find 5 bedrooms, 3 bathrooms, and 2,232 square feet of living space. Listed at $180,600 (about $81/sqft), 143 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable. HOA runs $45 quarterly.
Short Sale. INVESTOR SPECIAL — Short Sale — 5BR/3BA Value-Add Opportunity at 3518 Kiah Dr Wesley Chapel - MOLD REMEDIATION NEEDED - Leasing and pets allowed, NO AGE RESTRICTION in Phase 3! Calling all investors: this 2,232 sq ft, 5-bedroom, 3-bath home in the heart of Wesley Chapel is a rare high-bedroom-count value-add play in one of Pasco County's fastest-growing corridors. Situated on a fee-simple owned corner lot (0.21 acres, no land lease), this 2001-built home offers a split floorplan, vaulted ceilings, and an oversized primary suite with private en-suite bath. Medium/heavy rehab opportunity — priced accordingly. No major systems need replacement — the roof and 5-ton HVAC system are in good working condition. Whole-house mold remediation is needed, and a professional moisture report is available upon request for buyer due diligence. Scope of work includes plumbing repairs, drywall, paint, sub-floor repair in select areas, whole-house flooring, some cabinetry, and interior doors — primarily cosmetic and interior scope rather than structural or major mechanical. 2021 updates to the kitchen and baths (granite counters, solid wood soft-close cabinetry, stainless appliances) remain in place. Electric water heater replaced 2023, Roof and HVAC are 5 years old. Remediation quote available. Short sale — all offers submitted to the lender for review. Cash or hard money preferred; home will not qualify for conventional FHA financing in current condition. Low HOA ($15/mo), no CDD, minimum lease term of 1-2 years supports a stable long-term rental exit strategy in a strong rental submarket near shopping, dining, top-rated schools, and major commuter routes (Bruce B. Downs Blvd, I-75). Short sale approval process underway — seller motivated, agent responsive. Submit offers now; marketing period is limited.
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The essentials
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Details
Districts can re-zone, so verify directly with the district before relying on these.
Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
Price history
Neighborhood
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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. HOA includes any condo dues reported on the listing. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.
Quick answers.
Price
$180,600
$81 per sq ft
Beds and baths
5 beds, 3 baths
Size
2,232 sq ft
Time on market
143 days
Year built
2001
Monthly payment
About $1,229/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $2,184 annual tax bill, insurance, and the $45/qtr HOA fee.
HOA fee
$45/qtr
Managed by Michelle.
Flood zone
Zone X
That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.
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