Renovation Project: Large 3 bedroom colonial stone & clapboard single family w/ off street parking for at least 4+ cars. Built in 1850 located in gorgeous Readington Township, Hunterdon County on over 3 acres perfect for entertaining on a private road. The first floor features a separate living and dining room, kitchen, storage, and half bathroom. The second floor consists of 3 bedrooms with a full bathroom. Create a fantastic master bedroom in the attic room and install an additional bathroom. The property has been fully gutted, cleared, framed and ready to be finished. Estimated renovation costs are in the region of $100-150K+/- depending on your scope of work with an after repair value in the region of $650K+/-. Conventional Mortgage. Cash, Private Funding, Renovation Loan, Hard Money or FHA 203K. The property will not qualify for a standard FHA loan. Use all precautions when walking through and around the site as well as being always accompanied by a contractor or a licensed real estate professional. The buyer will be responsible for all inspections temp co, water test and smoke certificate and must conduct their own due diligence. Do not attend the house without a signed Buyers Hold Harmless & release regarding covid required before requesting access. Seller would be willing to provide sellers concession for strong offers over the list price to help with financing to buy down the interest rate or to reduce the amount of down payment and closing costs.
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