Presented byWendye Pardue |
New opportunity: BOM due to non-performance! This house was built with care by the heirs grandfather and father. There is enormous potential with some TLC and updating. It was used as a multi-generational home until it was rented out 10 years ago as a single family home. It is in a 2 family zone and would require the necessary steps through the zoning and building depts to be a legal 2 family. FYI, tax record and online field card erronously list as a 2 family. Enter home through arched doorway. 1st floor is open floor plan living room/dining room/kitchen, 1 bedoom with bathroom and laundry room. Living room and dining room have built-ins. Hardwood floors have been redone and carpet in 1st floor bedroom was replaced. Short staricase through arched doorway to 2nd floor. 2nd floor has bedroom with redone hardwood floors, hall bath and what was a kitchen. Gas for stove upstairs has been capped off and all appliances removed. 3rd floor bedroom has new carpet. Entire house was repainted in the interior. Deep, flat backyard. Property next door is owned by muncipality with large fenced yard, mature trees and 2 water towers. Roof and hot water heater 8 years, furnace( just serviced) and oil tank 12 years. Stove is gas from town. This is a great little house just needs some love again. Sold AS-AS. No credits or concessions.
Type | Description | Level |
---|---|---|
Bedroom 1 | Hardwood Floor | Upper |
Bedroom 2 | Wall/Wall Carpet,On 3rd Floor | Other |
Dining Room | Built-In Hutch,Combination Liv/Din Rm,Hardwood Floor | Main |
Kitchen | Vinyl Floor | Main |
Living Room | Built-Ins,Combination Liv/Din Rm,Hardwood Floor | Main |
Other | Vinyl Floor | Upper |
Other | Main | |
Primary Bedroom | Full Bath,Wall/Wall Carpet | Main |
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $320,000 | $320,000 | $320,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $581 | $581 | $581 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,156 | $2,127 | $2,699 |
Total Monthly Payment | $2,812 | $2,783 | $3,355 |
* 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.