• 3 Bedrooms
• 1 Bathroom
• 2 Story Home Built in 1911
• 1,012 Square Feet
• Ceiling Fans
• Washer & Dryer
• Separate Outbuilding
• Freshly Painted Interior
• Vinyl Siding Exterior
• Storm Windows
• Energy Efficient Heat Pump
• Remodeled Ceramic Tile Bathroom
• Updated Electrical & Plumbing
• Gas Hot Water Heater, Dryer & Stove
• New Refrigerator, Trash Compactor & Dishwasher
• View MLS Sheet

• Purchase Price $54,900
• Credit and Income Verification
• $500.00 nonrefundable deposit to be applied to closing costs
• 5% downpayment and purchaser closing costs (approximately $2,750)
• 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- $480)
• 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 $480 would be approximately $50,100

At 10% down ($5,500) the minimum monthly payment would be $460 and the 5 year balloon would be approximately $47,500

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