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SELLER TO PAY ALL CLOSING COSTS UP TO 5% W/FULL PRICE OFFER. Home qualifies for down payment assistance programs & USDA Loan.
4-Bedroom, 2-Bathroom Home in the Heart of Downtown w Springfield Charm- Perfect for Investors!
This fully renovated home is back on the market due to buyer financing issues, and it's now ready for its next owner! Recently inspected on 12/23/24, all issues have been professionally addressed, leaving the home in top condition with a clean report. It's being sold ''As-Is, '' as no further repairs are needed - truly a turn-key opportunity.
Nestled on the cusp of the Historic Springfield area, this home offers the perfect balance of a cozy, homely vibe and the excitement of nearby downtown living. With the new stadium project bringing even more activity to the area, this is an ideal investment property with strong rental income potential. nside, you'll find a spacious 4-bedroom, 2-bathroom layout. The master bedroom features a tub/shower combo with dual sinks, creating a relaxing retreat. The open-concept kitchen comes fully equipped with stainless steel appliances, a breakfast bar, pantry, and plenty of space to entertain. Elegant tile flooring runs throughout the home, adding to its appeal.
The attached 1-car garage is a convenient bonus, complete with a coated floor. The additional detached, fully wired garage in the backyard offers plenty of potential for a workshop, extra storage, or even a creative studio. Outside, the fully fenced backyard is perfect for pets or outdoor gatherings, with a gated patio ideal for children or a private escape.
With a new roof, new AC, and an included security system, this home is equipped with everything you need for comfortable living. Located just moments away from vibrant sporting and event venues, this home combines convenience with charm.
Don't miss out on this fantastic opportunity - schedule a showing today!
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Contact@raveis.com
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 | $252,400 | $252,400 | $252,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.000% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.837% | 6.778% | 5.994% |
Monthly Tax Payment | $137 | $137 | $137 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,513 | $1,616 | $2,096 |
Total Monthly Payment | $1,725 | $1,828 | $2,308 |
* 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.