***MULTIPLE OFFERS*** HIGHEST & BEST DUE BY MONDAY 01/20/25 @ 3: 00PM, however, please understand the Seller does reserve the right to accept an offer prior to Monday's deadline. * 2ND FLOOR CONDO * 2 BED/2 BATH * CLOSE TO HIGHWAYS * Opportunity knocks if you are looking for a renovation project to customize this upper floor condo and is priced accordingly. The open living room/dining area welcomes natural light from a large slider with a balcony. This ranch style unit has two bedrooms and two full bathrooms. One bathroom has a shower/tub combination and the other has a shower stall which needs replacement. Other considerations include Certainteed windows, electric heat and central air conditioning. Pets are welcome and is limited to one dog under 20 inches shoulder/maturity, gentle disposition 2 cats. Mill River Meadows is in a great location, currently FHA approved and has common laundry facilities, a large community pool & a clubhouse. Access to public transportation is available and is only a few miles from major highways, Buckland Hills Mall and Evergreen Walk. This property is being offered "as is" and seller is unable to make any repairs. Investors should note that the rental policy allows for 50 percent rentals. Currently 89 are rented from the 95 allowable rental units. Information should be confirmed prior to closing. SELLER AND LISTING AGENT ARE RELATED.
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $160,000 | $160,000 | $160,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.191% | 7.171% | 6.276% |
Monthly Tax Payment | $283 | $283 | $283 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,051 | $1,063 | $1,349 |
Total Monthly Payment | $1,409 | $1,421 | $1,707 |
* 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.