461 12th Avenue North; Saint Pete, Florida 33701
 



$179,900 Firm!

Fern Lake Bungalow Home for Sale!
 

See a map of this property!
 

·        3 Br 2 Bath 1500 sqft +/-

·        Fern Lake

·        Frame Pool Home

·        Bank deal - buyer must pay all closing costs

·        Year Built 1940

·        Tenant Occupied; Appointment Only
 
 

Estimated Sale Price  

 

$300,000.00

 
 

Purchase price of property

  

($179,900.00)

  
 

Estimate of closing cost

  

($5,000.00)

  
 

Estimate of repair cost      

 

($45,000.00)

  
 

Total purchase & costs      

 

($229,900.00)

  
 

Equity Available-Cash Deal

  

$70,100.00

 
 

Can I finance a portion of this purchase?    YES!!!
Hard money loan-based on 4 points, 15% interest only, (LTV 70%)
 
     
  Available Funding for this property  

$210,000.00

 
  Loan fees & additional closing cost 

$13,000.00

 
  The monthly payment on this loan

$2,625.00

 
  Cash needed to complete this home

$32,900.00

 
     

How will borrowing affect my equity position?     

$57,100.00

 


COMPS IN THE AREA

1. 800 1ST ST N 3-BED 2-BATH 1552 SQ.FT. SOLD FOR $320,000 ON 04/22/04
2. 300 16TH AVE N 2-BED 2-BATH 1,164 SQ.FT. SOLD FOR $312,000 ON 01/28/04
3. 137 10TH AVE N 2-BED 2-BATH 1,571 SQ.FT. SOLD FOR $290,000 ON 06/30/04
 
Want to buy a quality used car? - Click here!
 
 
Tampa Homes  another rehab web site!
 
#1  Call our office NOW!!!
#2  Sign our contract and give us $1,000.00 deposit. 
#3  Close in 10 -14 days, if not sooner!
 
Quality Homes and this website owner assume no responsibility for the information provided here on this site.  Please confirm any and all info you feel relevant.
Quality Homes Inc.
1208 Versant Drive suite 204      
Brandon, Fl 33511 Email  tooltymee@hotmail.com  
 

Call Louis Dias on his cell phone  941-916-5322

12/18/2005
 

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