Property Details

This home is immediately available for Contract/Lease purchase or Traditional Bank Financing. For more information on the availability of this home or others like it, contact us by phone or at Daniel@Danielramone.com. To see if you qualify for contract terms, head to our APPLY NOW page.

If you are a Realtor and would like to schedule a showing, please contact us at 319-804-8998.

Description

This Century home is a GEM in the heart of Anamosa and just needs a bit of LOVE and CARE. This home is ready for a handyman or woman, contractor, or home owner looking for something they can make their own. This home suffered a few broken water pipes which all can be easily repaired with a little time and energy and of course, plumbing expertise. There’s a few ceilings to repair, new carpet, and a hardwood floor to repair. And overall, a good cleaning.

This home has been the highlight of many House and garden walks in the community. The welcoming 20×12 enclosed front porch is just the first impression. French doors open into the original splendor of oak floors, wide crown and trim, solid doors, oversized windows and open spindled staircase with carved newel posts.

The formal living room features a custom built mantle over the gas fireplace. Formal dining room, bay window with seat for large family gatherings opens into the updated farm style kitchen. Hard to find full bath and laundry room on the main level, bonus sleeping porch/office/TV/ bedroom. 2nd floor offers 4 bedroom, closets & new full bath. 3rd floor walkup attic. Walkout basement offers garden garage, windows, food cellar. Park like yard, covered patio and garage!

Qualifications

• Income: 3x Monthly Payment
• 2 Years Job History
• Check Credit (accepting imperfect credit)

Terms

• Length: 1 Year + 1 Year Extension ($1,500), up to 3 years
• Type: Lease with Purchase Option
• Annual Taxes: $2,640
• Monthly Rent Credits: $125
• Length of Term: 3 – 5 Years (3 Year minimum in most cases, terms can be extended past 5 years if necessary)

There are three (3) financing options, each giving the buyer more flexibility based on the amount they have to put down.

Option 1: As-is Package

Description

Seller is selling the property as-is to a qualified buyer over a 1-3 year period. All other costs associated with upkeep, repairs, etc are the responsible of the Contract buyer

Price: $122,000
Option Payment (Money Down): $8,000
Monthly Payment: $650 + Insurance and Taxes

Option 2: Sweat Equity

Description

Seller is selling the property to a qualified buyer over a 1-3 year period. Buyer will receive a $5,000 credit towards repairs to the home.

Seller will finance $5,000 worth of repairs for a qualified buyer. Buyer is responsible for scheduling repairs with licensed professionals. Seller will have 60 days to complete the $5,000 project and must proof of repairs via bids, before/after photos. Seller will have all work inspected by a licensed professional.

All other costs associated with upkeep, repairs maintenance, etc are the responsible of the Contract buyer.

Price: $135,000
Option Payment (Money Down): $12,000
Monthly Payment: $750 + Insurance and Taxes

Option 3: Re-Construction Package

Description

Seller will finance the interior repairs necessary for a qualified buyer according to a detailed re-construction package. Re-construction package upon request. Seller will have 6-9 months to complete the project. Buyer must commit to a minimum 2 Year Contract.

Price: $155,000
Option Payment (Money Down): $15,000
Monthly Payment: $900 + Insurance and Taxes
Remodel Costs not to exceed $18,000

For more information on the availability of this home or others like it, contact us by phone or email. To see if you qualify, head to our APPLY NOW page.

Tell us what you think!

comments

Additional Details

• Year Built: 1907
• Style: 2 Story
• Living Area: 2427 Sq. Ft.
• Number Rooms: 12
• Bedrooms: 4
• Bathrooms: 2
• Basement: Full
• Heat: Steam
• Garage: 352 Sq. Ft.
• Porches/Patio: 393
• Fireplace: 1, gas
• Gross Taxes: $2,544