A backup offer is when a home seller has accepted an offer from a buyer, but is still accepting offers from other buyers. Sellers state that they are accepting backup offers if they think the current offer may fall through.
Parking: No info
Size: 1,100 SqFt (102 m2)
Price: $395/SqFt ($4,257/m2)
Type: Single Family Home
Built: 1955
MLS Number: A11845994
View: None
On Site: 258 Days
Updated: 10 Days ago
Page Views: 0
Rare Opportunity: Fha Assumable Mortgage At 3% – Save Potentially $223k!
welcome To One Of The Largest Lots In The Neighborhood! This Home Sits On A Spacious 7,795 Sq Ft Lot—providing Ample Room For Outdoor Entertaining, Gardening, Or Future Expansion. Best Of All, It's Not In A Flood Zone, Offering Peace Of Mind And Potential Insurance Savings.
one Of The Best Features Of This Property Is The Current Fha Assumable Mortgage With An Incredible 3.0% Interest Rate. With Interest Rates Currently Around 6.2%, This Could Mean Huge Savings For Qualified Buyers. Here's An Estimate When Comparing Financing $325k (current Mortgage):
monthly Payment (p&i): $1,370 Vs. $1,988 ? Save $617/month
total Interest Paid: $169k Vs. $392k ? Save $223k
more Yard Space And A Smarter Financial Move