Lansdale row home FOR SALE at $150,000 with 100k subject to loan. 4 bedrooms 2 baths

Oct 8th, 2018Comments Off on Lansdale row home FOR SALE at $150,000 with 100k subject to loan. 4 bedrooms 2 baths

Watch the full video here. 

Mom passed recently with a $100,000 loan in only Moms name, making this subject to loan transferable. For only $50,000 down plus closing costs on both sides, this home only needs a light rehab or a clean and sweep. Pretty good above average condition across all four floors make this home cheap and easy to get into and out of. Sell it with the loan on the back end. Loan was a refi in 2016 as a 15 year year loan at 4.75% with only 13 years left on it. Statement of mortgage can be provided to serious buyers.

 

Watch the full video here. 

Four floors in all with 4 bedrooms, 2  baths, front porch, back porch, fenced in yard, 3 private parking spots, walk out basement, end of the block unit with extra windows etc. 1340 sq ft online but think its bigger. Enter the home from the front porch with seating for many into the living room and the dining room. Kitchen is positioned next followed by a large back porch and then a fenced in yard with a garden. Parking out back in the rear alleyway. Basement has a bathroom and a bedroom downstairs finished with closet. New water heater and updated electrical panel with oil tank and heater are located in the unfinished portion. 2nd level of the home has the main bath and three total bedrooms including the master. The 3rd floor has a nice sized private bedroom at the peak of the home.

Last sale sold on 10/28/2004 for $154,900.

 

See below some great comps out there for this home.         900 comps

 

PLEASE NOTE: We have equitable ownership interest and will assign our rights in the contract to the buyer. Asking price above includes original contract price & assignment. Terms of original contract, unless otherwise noted above, include: As-is, where-is purchase; cash or hard money closing; fully insured and clear title delivered at closing. Any comparable sales presented as accurate, but are not a guaranteed or opinion of value. Please conduct your own due diligence. Call with any additional questions. Phil Falcone is a licensed realtor in the state of PA.

 

About author:

Addicted to Real Estate–Why I Can’t Stop and Why You Should Start, by Phil Falcone, is an honest account of an addiction to real estate. Sometimes addiction is a very good thing. In this book, Phil Falcone, the ultimate real estate addict, will show you how to achieve amazing success as a real estate investor and addict: • Delve into the details of actual deals he negotiated and learn why his methods were so effective • Discover why his residential to commercial real estate strategy will create ultimate wealth • Learn how he used apparent liabilities (OCD, insomnia, and workaholic behavior) to help him achieve his goals • Why he can’t stop investing in real estate, and how you can start controlling your own financial destiny through real estate. Funny, frank and informative, Addicted to Real Estate will inspire any investor to achieve higher levels of drive and success in the rewarding world of real estate. Phil Falcone is a Philadelphia area full-time real estate investor who started in the business at the age of 23, and whose portfolio today includes commercial offices, apartment buildings, and residential homes. As the owner of Falcone Real Estate Holding Corporation, he prides himself on his non-stop real estate focus and determination, his ability to be a great professional speaker, and on his fun, outside-the-box approach to real estate.

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