254 Moseley St, Elgin, IL 60123

Pre foreclosure sale. Move in ready just needs some minor repairs. A loan won't stop it at this point, only a TRO or reinstatement of the $27,806 or full pay off amount of course before Feb 15 24. CASH OR OWNER FINANCING ONLY OPTIONS NOW. Owner Financing (seller financing) terms would be $27,806 deposit down to reinstate the mortgage note and shut the bank up, (current through Feb 14) with a historic 3.125% rate... your mortgage to seller would be just that plus $200/mth for example. Your actual monthly mortgage through a seller financing contract would be $1444.89 (that's PITI). Please include payment to brokers on your deposit down ($3k for me + $3k for buyer agent = $6k - or give us something for doing our job) total would be $33,806. ARV on my comps for this neighborhood is $280k. Auction is gonna start at $254k. I'm selling it to you cheaper here! City is trying to eat off this...let's stop it! My rental comps are around $1800-$2000 for a home like this when it's cleaned up if you want to buy and hold. Or buy deep clean and let me list it later for you for higher ARV and I'm seeing $280k - $270k. Roof is 8 years old HVAC/Heater works well. I have a General Contractor quote in hand for $1,050 which is all it needs to fix the house. House was sold in 2021 for 224k. You're walking into equity on this steal of a deal. Nothing wrong with the home besides minor repairs and a deep clean. Vintage 4 Bedroom Bungalow style home features a huge covered front porch. Original woodwork and beautiful refinished hardwood floors through-out. There's a first floor master, and the upstairs bedrooms are all generously sized with huge closets! Many of the windows have been replace with period appropriate Marvin windows. Roof 8yrs old. Recently added a beautiful brick paver patio. Ecobee thermostat and ring doorbell. Great location near the train station, Rt 20 and Rt 90. You will fall in love with the character and space this home has to offer. Seller may be home during showings. Contact your agent for a tour!