You know what they say about real estate - Location Location Location! This property has it. Located around the corner from the famous "North Main Soda Shop" in an area known as North Main, this bungalow dates back to the 1940's when cottages were in vogue and smaller was better. Our home has two bedrooms, one full bath and a living/dining room area with an enclosed porch with tile floors on the main floor. The lot slopes to the small creek at the rear of the property allowing for a large basement area under the house. A small studio apartment existing under the main house - it apparently has it's own heating, plumbing and electrical systems. There is a small kitchenette, a bathroom, and a living space. It has it's own access. So put on your thinking caps because this could be interesting. Studio for an artist, a work at home situation, a rental, or a man cave? Next to the studio is an open bay garage/workshop. In my personal observation of the property it is noted that the oil furnace has been replaced with a gas unit, the electrical panel for the main house has been replaced as have been the breakers and the studio apartment has it's own gas heater a (which was working at time of securing the house) and has a "fuse" breaker box in the apartment itself. The backyard has a playset, level playing area and is fenced. This home is owned by Fannie Mae and is eligible for a Home Path Renovation Mortgage. You can purchase this home with as little as 3% down. Please visit www.homepath.com for more details on this type of loan. It is a great opportunity for you to renovate the house, and it does need renovation, and roll the cost of the renovation into your mortgage. This type loan allows you to borrow an additional $30,000.00 in improvement costs - you have to qualify for the contract price of the house plus the loan amount of improvements and the property has to appraise for the total amount. This is all factored into the list price of this house. So think creatively. This could be an opportunity of a lifetime if you want to live in this area. Renowned for its desireable schools and location, you need to check this property out. As always, Fannie Mae sells all their properties as is, subject to your 10 day inspection. In this case, you are advised to hire a professional home inspector to advise you on the condition of the property. You are also advised to obtain a survey due to the property's location on a creek. If you need referral to a HomePath approved Renovation Mortgage Lender, please visit www.homepath.com or call the listing agent.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
