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3BR/2+1BA Single Family House |
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offered at $85,000 |
| Year Built |
1996 |
| Sq Footage |
1,278 |
| Bedrooms |
3 |
| Bathrooms |
2 full, 1 partial |
| Floors |
2 |
| Parking |
2 Car garage |
| Lot
Size |
Unspecified |
| HOA/Maint |
$0 per month |
DESCRIPTION
HUD OWNED 3 BR bi-level in Westerville
CASE NUMBER: 413-459681
LISTED FOR: $85,000
BID DEADLINE: 10/25/09 for Owner Occupants
OFFER ACCEPTED on 10/26/09 for $89,000
Net to HUD of $84,550
MOLD IN LOWER LEVEL! This spacious bi-level home is located in the Westerville Woods subdivision in Westerville, just S of 161 near Minvera Lake Golf Club.
Comparable sales in the subdivision are in the $130,000 range. No details on the HOA fees.
The main floor features a formal living room and dining room opening to the kitchen with access to the elevated deck.
On the other side of the kitchen are the 3 bedrooms and 2 full baths.
Downstairs would be a family room, half bath, the laundry and access to the garage. Obviously there has been a water leak or standing water since there is black mold throughout the lower level.
Even though the HUD listing classifies this property as eligible for FHA 203(b) financing you will need a construction loan or FHA 203(k) loan for this purchase.
This property is owned by HUD. You'll need a HUD registered agent to bid on this property. Our contact information is on the bottom of this flyer. For more information about the bidding process, visit http://ColumbusOhioHUDHomes.com
This property is eligible for FHA 203K Streamline financing (contact us for details) AND for the $100 down FHA financing for owner occupants.
Items you'll need before submitting a bid:
* lender pre-approval letter for at least the amount you plan to bid
* Earnest Money check for $1,000 in certified funds made out to the brokerage
For buyers using FHA financing, the following repair escrows will be established:
Reapir toilet. $400
Repair plumbing. $400
Repair downspouts. $100
Install hot water heater. $500
Evidence of mold, no remediation done.
As with all winterized properties, the plumbing and PVC pipes may be damaged.
ALL OWNER OCCUPANTS will receive a $2,500 CREDIT from HUD that can be used for paying closing costs, repairs to the home or to pay down the principal balance of your FHA mortgage.
Please contact Susanne at 614-975-9650 to double-check the availability of this property, to schedule a showing or to place a bid on this or any other HUD property!
Per HUD Marketing Guidelines, we are required to link to the PCR (Property Condition Report) and the NHMSI website.
I look forward to helping you purchase a HUD Home soon!
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