Jump to content
The forums have been archived and are now read only. Years of great info saved for your reading pleasure. Thank you! Visit us on Facebook: https://www.facebook.com/NakedInvestor/ ×
The Naked Investor Forums
thelockgroup

SUB2 - $200,000 Equity, Bowie, MD 4/2/1 SFH for under $25,00

Recommended Posts

Hey folks,

 

Now unless you've been hiding under a rock the past day or so, you've

probably seen how the Federal Courts are trying to strip Barry Bonds the NEW

home run king of his title and send him to Jail for 30yrs for allegedly

taking performance enhancement drugs. Well, they may try to strip the

crown, but he's STILL HIT MORE HOMERUNS than anyone in baseball history.

Just like he's hit home runs, WE"VE KNOCKED THIS ONE OUT OF THE PARK!!!

 

Location - Bowie/Crofton, MD

Home Style - Single Family (Colonial)

Bedrooms - 4

Baths 2.5

Fully finished basement

Total SQFT - apprx. 2000 SQFT (exlcuding the finished basement)

 

This home has been COMPLETELY VACANT and UPGRADED with over $90,000 in luxury pieces...and needs NO repairs.

 

Features-

 

* New Carpet

* New master bath and ceramic tile

* New junior bath with Jacuzzi and ceramic tile throughout

* New carpet in finished basement

* New 25 x 18 deck

* New kitchen and appliances

* New hardwood throughout the entire first floor

 

Numbers

* Deal Type - SUBJECT To (You never need a new mortgage, take over existing payments)

* Mortgage - $2915/month

* Contract Price - $382,000

* Market Value - $517,000 - $589,000

* Equity - $150,000 - $209,000 (depending on if you sold it today)

* Repairs - NONE

* Closing - Dec. 31 or before

* Assignment Fee - $17,500 (however if you act before 12pm on 12/18 we'll give you a $2,500 discount)

 

Recent SOLD Comps

1. 2063 INGLESIDE CT 08/08/2007 $517,000

2. 2497 CHELMSFORD DR 07/10/2007 $610,000

3. 2511 CHELMSFORD DR 07/13/2007 $602,000

4. 2402 GOLDENRAIN CT 06/27/2007 $620,000

5. 2522 CHELMSFORD DR 06/15/2007 $610,000

6. 2433 CHELMSFORD DR 06/06/2007 $555,000

7. 2093 PEAR HILL CT 08/07/2007 $425,000

 

Did I mention where else can you purchase a HALF A MILLION DOLLAR PROPERTY for UNDER $25,000 TOTAL OUT OF POCKET EXPENSE, including assignment fee and closing costs. NO WHERE but HERE!!!

 

Drop me an eMail at thelockgroup@comcast.net or call 240.475.4095 for more information and assignment details.

 

Also, visit us at www.unclesambuyshouses.com for more deals, partnerships, joint ventures and more...coming soon.

Share this post


Link to post
Share on other sites

×
×
  • Create New...