116 Sollers Point Rd, Dundalk, Maryland, United States

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Home For Sale

$160,000

116 Sollers Point Rd
Dundalk, Maryland, United States

2bd 1ba

Listed By: Realtyww Info

Listed On: 08/19/2024

Listing ID: GL11553181 View More Details

Description

Welcome to a beautifully renovated property in the heart of Dundalk (Baltimore County). This newly renovated End Of Group (EOG) townhouse is an exceptional opportunity for someone who wants to become a homeowner WITHOUT BANK FINANCING! The sellers of this property are offering Seller Financing to the right buyer (full details below). Dundalk is a vibrant community with a rich history and a promising future. With ongoing development projects and a strategic location near major highways, it offers excellent opportunities for residents. What is Seller Financing? Seller Financing is a real estate agreement in which the seller handles the mortgage process instead of a financial institution. Instead of applying for a conventional bank mortgage, the buyer signs a mortgage with the seller. The seller becomes the bank, which reduces closing costs, fees, and the stressful loan approval process. How much will it cost? The purchase price is $160, 000. (Comparable sales in the last year have sold up to $220, 000) The buyer will need 20-25% as a down payment ($32, 000-40, 000). The interest rate will depend on the down payment amount, your credit and income. The interest rate will be fixed for 30 years, and you will make normal monthly mortgage payments. The interest rate will vary from 8.5- 11.5%. Monthly mortgage payments will vary, but will range from $1125-$1475 depending on the above factors.

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Listed by: Joe Hawkins