Why rent when you can own? Here's a 3 bedroom, 1. 5 bath townhouse that needs an owner! This bank foreclosure is the middle unit in a complex of ONLY 3 units, located directly across from Eli Whitney Technical School. The main floor has hardwood floors everywhere but the half bath. The eat in kitchen is fully applianced and has a ceiling fan. The living room is big, bright and airy. The upper floor has the 3 bedrooms and the full bath. Now here's some unexpected extras that make this unit a great choice: a fireplace in the living room, central air, and not a 1 but a 2 car garage, with interior access! That's right, no more dealing with the elements when entering or exiting your home to go to your car! Still want more? How about a door to an outside back patio! Still more? How about laundry located in the upper level full bath! Talk about convenience! This unit must be owner occupied so no investors. Don't miss this opportunity to view this condo, it's 1 of only 3!!! This property is being sold as is where is and the bank will not make any repairs. Inspections are for informational purposes only. No utilities, other than the ones that are currently on, will be turned on. HOA has right of first refusal and unit CANNOT BE RENTED. OWNER OCCUPANTS ONLY. ***Multiple offers have been received! Highest and Best offers due Wednesday. 12/4/24 at midnight. All previously submitted offers must be updated and resubmitted EVEN IF the offer is remaining the same. *** SOLD AS IS, WHERE IS. HOA has Right of first refusal No rentals allowed. Owner occupied only ***Multiple offers have been received! Highest and Best offers due Wednesday. 12/4/24 at midnight. All previously submitted offers must be updated and resubmitted EVEN IF the offer is remaining the same. ***
Type | Description | Level |
---|---|---|
Bedroom 1 | Upper | |
Bedroom 2 | Upper | |
Eat-In Kitchen | Main | |
Full Bath | Upper | |
Half Bath | Main | |
Living Room | Fireplace | Main |
Primary Bedroom | Upper |
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $139,920 | $139,920 | $139,920 |
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 | $382 | $382 | $382 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $943 | $930 | $1,180 |
Total Monthly Payment | $1,400 | $1,387 | $1,637 |
* 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.