ATTENTION INVESTORS, FLIPPERS & CONTRACTORS: THIS HOME IS FOR YOU!!! This once-lovely GEM at 7620 Valley Ct, New Port Richey in the FANTASTIC community of Magnolia Valley in SUNNY FL features 2 bedrooms + flex room (VERY EASILY A 3rd bedroom), 2 bathrooms, 2 car garage on an OVERSIZED 1/4 acre lot in a NO HOA (optional) & NO CDD zone! Key exterior features are UNIQUE front elevation reminiscent of mid-century Spanish-Mediterranean style with its arches, front courtyard & mature tropical landscaping. One of the BEST parts of the home is the GORGEOUS SALTWATER POOL with parabolic water fountains streaming into the pool within an expanded screened, covered & pavered lanai installed in 2007. Beyond the pool, there is lots of green grass in the yard for your furry friends to run around. The OPEN FLOOR PLAN consists of the foyer, kitchen, dinette, Florida, living & dining rooms. The FOCAL POINT of the living room is the STONE WALL with thick mantle & WOOD BURNING FIREPLACE. The spacious kitchen features all appliances, pantry closet, built-in desk, double sink with gooseneck faucet & breakfast bar. Off the living room & kitchen is the dinette with double glass sliding doors into the Florida room. The Florida room can be utilized in a multitude of ways like a game room, TV room or quite possibly a 4th bedroom for guests. In this split bedroom plan, the master bedroom with en-suite is located on the opposite wing of the home from the second bedroom with its bathroom. The master bedroom can easily fit king size furniture, has a walk-in closet & private bathroom with step-in shower & glass doors. The guest bedroom is comfortable with ample closet space, fan & wall lamp sconce. There is a separate laundry room with utility sink & built-in cabinets. More great features about this home are the skylight in the living room, the high ceilings creating an aura of a bigger home, pretty chandelier light fixtures, lots of storage options throughout the house, screens for the garage, pocket doors for added privacy & BEAUTIFUL thick wood etched custom front door with stained glass side panel. Naturally, the lucky buyer needs to do their due diligence; however, the electrical panel looks electrifyingly great, the water heater appears tall & stout & the AC (9/2001), though pre-historic, is cooling the house. The roof is at the end of life from 2/2002 per permits. This home needs cosmetic updates & this is already reflected in this price. There is a LOT OF SWEAT EQUITY IN THIS HOUSE! Can you transform it to an ELEGANT BEAUTY? The location is IDEAL near restaurants, shopping, schools, places of worship, medical plazas, beaches & tourist attractions. MAKE THIS YOUR FUTURE HOME!