Excellent price for totally renovated home. New heat pump, New gas fireplace, Insulated, etc

• Bungalow Style Home Built 1929
• 1204 Square Feet
• 2/3 BR & Bonus Room all with closets
• Wood & Vinyl Siding
• New Heat Pump / Central Air
• Off Street Parking
• New Bathroom & All New Plumbing
• Outside Storage Room
• All New 200 AMP & Electrical wiring
• Washer/Dryer Hook-up
• Vinyl, Carpet & Hardwood Floors
• Large Front Porch and Back Yard
• County Water
• Ceiling Fans
• R30 Insulation in Ceiling
• R19 in Floors
• New Eat-In Kitchen w/ceramic tile & slate flooring
• Dishwasher
• Upgraded cabinets
• Vent-less Gas Log Fireplace with propane tank
• View MLS Sheet

• Purchase Price $78,900
• Credit and Income Verification
• $790.00 nonrefundable deposit to be applied to closing costs
• 5% downpayment and purchaser closing costs (approximately $3,950)
• Remaining balance to be repaid at 9% with payments amortized over 30 years.
• Monthly payments to include principal, interest, real estate taxes and insurance (minimum monthly payment- $625)
• Unpaid balance becomes due and payable in total at the end of the fifth year.
• Estimated 5 Year Balloon payment based on a monthly payment of $615 would be approximately $68,000

At 10% down ($7,900) the minimum monthly payment would be $650 and the 5 year balloon would be approximately $75,000.

All of the numbers provided are approximations or estimations.

Closing costs do not include recording fees. The purchaser may choose to have the contract recorded in the Circuit Court Clerk's office in that jurisdiction but it in not required by law. Estimates of those costs can be provided.

Insurance costs are estimated as they vary greatly by insurance provider and purchasers other insurance needs.

The amount of the down-payment is negotiable based on the particular property and the purchaser's credit history but they typically run from 5 to 10 percent of the purchase price.

Tobi Jaeger
(434) 941-2168
tobi@tandeproperties.com