This is a Great Family House and Yard at a Super Price! This house offers all the family fun of living at Smith Mountain Lake without the price. Since it has just been remodeled most everything is new, you won't be spending your time on maintenance and have more time to enjoy! You can be in the lake in minutes on your boat with easy access to one of the nicest public boat ramps on the lake. Or go lounge by the pool, play tennis or join in the scheduled activities at the Homeowners Association's Clubhouse. Or just set up you own corn hole, croquet, badminton court in your own back yard. It is very conveniently located to Route 122 and close to grocery stores, shops and restaurants. This house is a must see for this price. Completely Remodeled! NEW - paint throughout NEW - laminate floors in living room, dining room & hall NEW - carpet in bedroom and on stairs NEW - fan and light fixtures NEW - black side by side refrigerator NEW - microwave hood NEW - counter tops in kitchen, including island NEW - hot water heater Specs 4 Bedrooms 2 1/2 Bathrooms 1,680 Square Feet Built in 1995 2 Story Vinyl Sided Home on .48 Acres Large Eat-In Kitchen w/ Island, swing set glass door, vinyl flooring Fireplace in Living Room Master BR w/ Private Bath Big Front Porch (180 sq ft) Attached Shed (8x9 ft, attached) Large family-friendly yard Low maintenance vinyl siding, heat pump View Land Plat Home Owners Assoc. Amenities include Tennis Courts Swimming Pools Clubhouse Easy Access to Public Boat Ramp (500 Yards) So Many Benefits to the T&E Financing Program! Make payments on YOUR home not someone else's house: When your make your monthly payment you will be paying toward the equity in your home not rent to someone else's benefit. NO Closing Costs Or Points: All monies paid down go to your account not to fees paid to a third party. A small deposit to an escrow account for you may be required for the payment of future real estate taxes and insurance and all the rest of the down payment money goes directly toward the purchase price! NO Repayment Penalties: When you are ready to refinance with a conventional mortgage lender, we charge no repayment penalties! Just pay off your remaining balance of your loan. No penalties, no fees. Plus Tax Benefits! You can deduct your interest and real estate taxes on your tax return. Much better than just paying rent! Loan Contract not just a Lease: You will have a long-term contract outlining the terms of the purchase of the house that can be recorded at the courthouse if you choose to do so. Terms and Requirements: Purchase Price $169,900. Payments typically ranging from $1,300 to $1,500 Application required - ($25.00 per person fee to cover the cost of the credit report) Credit Report Review, Income Verification, and Landlord References A deposit of $500 to escrow account for property taxes and insurance on closing A down-payment to be applied to the purchase price on closing Remaining balance to be repaid at 9% with payments amortized over 30 years. Monthly loan payments are based on the down-payment and remaining balance Total monthly payments including principal & interest and payment to escrow account for real estate taxes and insurance Unpaid balance becomes due and payable in total at the end of either the fifth or the tenth year depending on the contract The amount of the down-payment is negotiable based on the particular property and the purchaser's credit history, current income, etc. but they typically run from 3 to 10 percent of the purchase price and monthly payments typically range from $1,300 to $1,500. Get on the Lake Today! Call Tobi Jaeger at 434-941-2168 Rent-To-Own! Owner financing available to eligible renters/buyers
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