For Sale By Owner - Single Family Home in Hazel Park, MI

Property Description

This home can be purchased on a low down payment land contract with low monthly payment, if credit rating is acceptable. This home can be purchased for CASH OUT for $40000. Anyone viewing this home should know that land contract price is FUTURE DOLLARS that are worth about 80 percent of today's dollars. CASH OUT MEANS A NEW MORTGAGE OR JUST PLAIN CASH.

This is a compact starter home 1/2 block north of 9 mile road. The home has 3 bedrooms with attached utility room. The home is built with crawl space. Included in the updates are new kitchen cabinets, recent lamination of all floors but kitchen (tiled), newer fixtures in the bathroom. The home has a very large back yard. Large trees offer shade and protection from big winds. The one-car garage is attached. There is a pull down ladder to a fairly good size storage area in the attic and in the garage.

The home is owned free & clear. The real estate broker owner has owned this home about 30 years. The storm windows are all new triple-track easy to switch between summer heat and winter cold with the exception of the utility room that was added after the home was built. The sewer drains have been replaced with new non-root-invasive PVC drain pipes insuring against need for snaking out sewer and storm drains. The home is in excellent condition.

TERMS: Land Contract with a minimum down payment of 1000 at 6 1/2 percent interest with payoff in the 7 to 10 year time frame. Monthly payment can be set to escalate at a comfortable affordable rate around 400 to 450 per month.