This property is available on a rent-to-own basis. Live in this recently renovated home. It is a 3 bedroom, 1.5 bath home with an with a new kitchen and hardwood floors in the living room. It has a double car garage. This home recently went through a complete renovation when a new kitchen, two baths, high efficiency furnace and water heater, insulation in attic and walls, roof, windows, SS kitchen appliances, (no fridge), carpet on upstairs, family room, hardwood flooring in dining room and living room, electrical system throughout, wired for 21st century with coax and Ethernet, rec room in basement, trim and doors, back porch patio, and landscaping. North Olmsted offers many amenities in addition to being near shopping, downtown, excellent schools. It is minutes to the Metroparks for walking, running or biking. This is a Lease-to-Own home and will be rented using a Lease Option. This means the buyer leases the home for a 2 to 3 year period of time with $200+ per month of the rent being applied to the down payment. The buyer then exercises their option to purchase during this period. This offers home ownership opportunities to those who don't have money for a down payment or have credit that would disqualify them from getting financing. It gives buyers time to rebuild their credit and accumulate purchase credits while living in the home. Minimum qualifying household income is $60,000 per year. A $5000 option consideration is also required. This is like a down payment and is applied to the purchase price of the home. Both it and $200 of your monthly rent for first two years goes to the purchase price.
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