Property Description

The home will be open this Sunday Nov 14,2009 from 1 to 4. Or call for an appointment.

Home is available with very flexible terms. Good terms attract many buyers. The owner is an experienced real estate broker since 1974 who has owned this home for 30 years. There are no mortgages or liens on this property. Therefore, it can be purchased on a land contract with as low as $3500 dollars down payment at 6.5 % interest with a payment set at $850.00 per month that will include interest, principal, and property taxes. Home owners insurance will be purchased by the buyer listing the seller as being co-insured for the amount of the land contract balance. The home can be refinanced at any time during the contract. Early payoff of balance can be made with a 20 percent discount of the balance at the time of refinancing. This means that you can pay off the balance by securing a mortgage for 80 percent of what you owe at any time during the term of the land contract. It also means that you can buy this home for $110,000 on a new mortgage right now. Buyers should understand that payment in future dollars is not the same as dollars today. That is the reason for the discount. The owner is a real estate broker with many years of experience in handling land contracts. This home has immediate occupancy because it is vacant and working order. It should be observed that there is no closing costs on a land contract. The owner/seller/real estate broker does not require credit reports, surveys, and other costly items incurred with a standard mortgage. Prorations for water and taxes can be simply added to the balance.

This home is in a national historic neighborhood known as Rosedale Park on a beautiful boulevard street on the corner of Lyndon and Piedmont. The home is priced to sell under the market. Over time homes in this area are very likely to appreciate due to their ideal location and quality of construction.

There is a new roof on both the 2 car garage and the home. Gutters on the home are also new. All of the storm windows are new triple track self storing for easy conversion from winter storm window to summer screens. The home has new exterior security doors. The water tank is new along with a new laundry tub. The basement is finished in the style of the 50s with many electrical outlets and valuable storage areas. The floors are all vintage hardwood. The home has been recently painted in the interior and exterior. The interior doors have been replaced with new doors on closets and room entries. A new 50 foot 6 foot high security fence between the garage and the side of the home has been installed. The home has wired an alarm system that is not hooked up but is available for hook-up at a buyer's expense, if desired. Rosedale park has a highly active neighborhood watch patrol along with many other community activities.