πŸ’ŽπŸ’ŽπŸ€‘ NO LOAN REQUIRED - RARE CHATTANOOGA SINGLE FAMILY TERMS DEALπŸ‘πŸ’°

Hamilton County, Chattanooga, TN, 37416
Sold
Listed at: March 8th, 2023
Price
$30,000
ARV
$249,000
Gross Margin
$219,000
Sq. Footage
1300
Type
Single-Family
Parking
Attached Garage
Year build
1960
Lot size
0.24 acres
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary

πŸ€‘GET INTO YOUR NEW HOME WITH LITTLE DOWN, NO CREDIT CHECK AND NO BANK FINANCING!🏑


TERMS OF THE DEAL:

  • This is a "subject to" transaction
  • Total Cash to Close = 20k down payment + assignment fee + closing costs
  • Buyer will take over 1st position mortgage @4.625%, $949.24/mo payments (includes taxes and insurance) ~$109,812.32 outstanding principal plus ~$13,000 in down payment assistance. NO BALLON (loan matures in 2048)
  • NO PREPAYMENT PENALTY
  • Buyer will pay seller an additional $250/mo at 0% interest for 5 years, ~$15,000 balance with no Balloon (note will be held in second position)
  • TOTAL MONTHLY PAYMENT IS ~$1,199.24 PITI with ~$440.93/mo principal paydown!
  • Purchase Price = ~$159,800 + assignment fee + closing costs.


Your Offer should include the assignment fee you are willing to pay + the ~20k down payment. Any questions, please ask Brady at (208) 271-3838.


Estimated ARV $225-250k depending on SOW


  • 1960 Build
  • 1300 sqft
  • 3 Bed, 1.5 Bath
  • 10,312 sqft lot
  • 1 car attached garage in basement
  • Off-street parking
  • Long range views
  • Unfinished basement could be finished for additional square footage
  • Excellent location in the quiet and convenient Bonny Oaks area
  • INSTANT EQUITY
  • CASH FLOW
  • Multiple exit strategies - light renovation for use as a rental or take it all the way as a flip


CLICK THE INSTANT PURCHASE BUTTON TO LOCK THIS IN NOW πŸ’ͺ🏻 AVOID A BIDDING WAR OR MULTIPLE OFFERS


Most opportunities we send out are sold same day, often within the hour. So if you are interested, contact us ASAP with your highest and best offer!


Buyer can close with conventional loan, cash, or hard money loan, and submit proof of funds or approval letter with offer. The price is net to the seller and the buyer pays all closing costs. Property is sold in as-is condition.


As a buyer - you have the responsibility to perform your own due diligence of the property prior to signing a contract to purchase the property or deposit earnest money. Determining value is the buyer's responsibility. The seller and assignor may not be held liable for any expressed or implied details of the property in its entirety. Property will not be considered under contract until signed contract and deposit received with all contingencies removed


*Disclosures* Buyer is responsible to conduct their own due diligence, including valuation. All inspections must be completed prior to signing a contract. Buyer to verify all information. The information provided here is as a courtesy and neither seller nor assignor assume any liability for expressed or implied details about the property. All properties are sold in as-is condition. Seller and assignor make no representations. Problem Sold LLC has an assignable purchase agreement on this property. As part of our due diligence, we are exploring assigning this agreement which would allow you to buy this property. We may not own this property. We are not real estate agents and do not represent the seller or the buyer. Buyers may use cash, private/hard money or commercial financing. Conventional and FHA loans will not be considered unless otherwise stated above. Buyer must submit proof of funds and/or pre-approval with all offers. Earnest money is non-refundable must be submitted by wire or certified check within 24 hours of an accepted offer. Property will not be marked pending until the contract is signed, all contingencies are removed and earnest money is deposited. Buyer to pay all closing costs unless otherwise stated above. Wholesalers and agents add your fees to our price. Let's do some deals!
Videos

Holiday Hills Interior

Holiday Hills Front Yard

Holiday Hills Back Yard

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Brady Grohne

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