For Sale with Seller Financing 1085 Monitor Drive, Germanton NC 27019 Modern 3-bedroom 2-bath home includes office, laundry room and large storage building in beautiful Stokes County. If you appreciate the sound of wind in the trees with occasional duck quacks, goats and wild turkeys, this might be the perfect home for you. House contains approximately 1500 sq ft on a .92-acre lot and is one of just three houses on a private country road. The back door opens into an open kitchen-dining-living room space. There is a large master bedroom with full bath plus another full bath in the hall, two other smaller bedrooms, an office and laundry room. The kitchen has plenty of cabinets and counter tops plus a large island suitable for counter seating. A new heat pump heats and cools the house. The water heater is electric and also new. The lot is approximately one acre with woods on one side and a field on the other. A neighbor’s utility shed is across the street. Their house is to the left and behind their shed. The other neighbor is at the end of the private drive. The property is located just off South Friendship Road near Mountain View Road, about 15-minutes’ drive south to the East Hanes Mill Road Walmart shopping center in Winston Salem or 10-minutes’ drive north to the Food Lion shopping center in King. This home is offered exclusively with owner financing for $229,479. After down payment, the balance would be carried at 10.5% interest amortized over 30-years. There is no penalty for early payoff. A minimum of 10% is needed for down payment. Additional funds would also be needed to cover closing costs (approximately $3,500 which includes first year’s liability insurance, 3-months of estimated property taxes, and various closing fee). A split down payment may be considered in some circumstances. Actual monthly payment would depend on the amount of down payment available but with a minimum down payment of $22,947 and the balance of $206,532 financed at 10.5%, amortized over 30-years, the monthly principal and interest payment would be $1,889.23 plus approximately $325 (for escrowed property tax, ongoing insurance and $35 loan admin fee) for an estimated total initial monthly payment of $2,214.23. Of course, a larger down payment will mean smaller monthly payments. Interested buyers will be partially vetted prior to showing the house to assure the buyer has a general idea of the monthly payment that would be necessary, according to the amount of down payment they have available. For actual application, a credit check and two-years tax returns or other evidence of income will be required. Because this is a private drive, please get specific permission prior to driving to the house so you are not considered trespassing. For more information or to arrange a visit, please text 336-817-7376. If you would like to receive a text when other properties become available in the future, usually with seller financing, please dial 336-203-7648 to have our robot automatically add your cell phone number to our notification list.
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