For Sale with Owner Financing: Beautiful 3 bed 2 bath home at 2057 Big House Gaines Blvd Winston Salem NC 27101. Please TEXT for viewing or for more information. This lovely 1,800 sf 3/2 brick ranch home includes two-car garage, screened-in back porch, living room/dining area, breakfast room, den with fireplace and laundry-pantry room. There is also a huge, unheated basement with windows and its own outside door. A concrete driveway in the front of the house leads to the garage and a separate gravel driveway goes to the back of the house, with an additional three parking places. From the rear parking, entry is through the back porch and French doors leading into the den. The den has a fireplace and durable Armstrong flooring which also runs to the front entry area and down the hallway. The combination living room/formal dining room area has hardwood floors and a large bay window. The three bedrooms also have hardwood flooring. The bathrooms, kitchen, breakfast room and laundry room all have vinyl flooring. The home has central A/C and electric heating. Lot size is approximately .37 acres. Big House Gaines Blvd was named for Winston Salem State’s famed coach who lived on this street just a few houses away from this. There are just 5-houses on this street, this being the end house. Across the street is the Sarah Y. Austin Head Start Headquarters building. A church and public park are at the beginning of the street. Shopping is just a 3-munute drive away including a Food Lion, Compare Market, Wells Fargo Bank, CVS and other shops and eating places. Entry to Hwy 421 and Hwy 52 are just a 5-minute drive away with quick access to Winston Salem State University, Salem College, NC School of the Arts, the Research Parkway and downtown. This home is available, exclusively with owner financing, for $188,749. Owner Financing is available to qualified buyers with a minimum down payment of $22,000. The balance would be carried at an interest rate of 10.85%, amortized over 30-years. Other expenses required at closing would be pre-payment of first year’s insurance and 4-months of property taxes (approximately $1,400), loan origination fee of $600, plus approximately $1,200 for attorney fees, title insurance, county filings, etc. A larger down payment will mean a lower monthly payment. (Please note that though the principal plus interest amount never changes, the escrowed amount would increase according to future property or insurance rate increases.) There is no penalty for earlier pay-off of the loan. A larger down payment is encouraged and would mean smaller monthly payments. At actual time of purchase with owner financing, the closing would take place at the law office of Innovative Closing Solutions, 351 N. Peace Haven Road in Winston Salem which will also act as the escrow agent for earnest money. For more information or to see inside, respond to this ad by text message, to include your name, for questions or to arrange a viewing.
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