This great home has been completely remodeled. The inside of the home was gutted and remodeled in 2008 which included new sewer, plumbing, electrical, floors, kitchen, and bathroom. A two car garage with 260 ft of bonus space above it was built in 2012. In 2013 a wrap around porch and a bay living space was added along with central air condition. This home sits on a .23 acres of prime real estate in West Bountiful historic district.There are two options with this property:1- Lease: The lease option will be $1200 a month with a min. lease of 12 months. The first and last months rent will be due at signing along with a $500 safety deposit.2- Rent to Own- Rent will be $1250 per month with $250 of your rent going towards the down payment. The lease will be 24 months, but occupant can purchase at any time. $3000 down payment and the first and last months rent will be due at signing along with a $500 safety deposit. Safety deposit will also count towards down payment at closing. The overview after 2 years will be as follows:purchase price of home $185,000 with $9500 for the down payment already paid. Which makes the finance needed for the home $175,500. This makes your 5% down for a conventional loan already covered! If the home is not purchased after the two years the occupant can opt for additional time for the lease. If the occupant ops to leave the rent to own agreement all the money is forfeited to the Landlord.
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.
