Subject To / Seller Finance with 70k Built in Equity - Laurens, SC

Laurens County, Laurens, SC, 29360 view full address
For Sale
Listed at: September 19th, 2023
Price
$35,000
ARV
$270,000
Gross Margin
$235,000
Sq. Footage
1958
Type
Single-Family
Parking
Driveway
Year build
1969
Lot size
25857.00 sqft
Bedrooms
3
Bathrooms
2
Half Bathrooms
1
If someone buys for this price, no more offers will be accepted
Summary

Sub-to / Seller finance deal with 70k equity

No hard money needed - Financing already in place, Buyer just pays a flat down payment & takes over fixed 30-year mortgage already in place, no qualifying, no credit checks, no lenders needed. ( 25 Years Remaining ) Ideal property for Rent to Own / Tennant Buyer Exit Strategy.


3 bed 2.5 Bath 1,958 Sq Feet

ARV / Retail Market value = $255,000 - $265,000


Sub to Terms & Price

Entry Fee = $32,000

Remaining Mtg Balance = $166,000

Fixed Interest Rate = 3.2%

Remaining Term = 25 Years left

Monthly PITI = $1,300 ( Principal, Interest Tax & Insurance )



Comparable Sales:

34 Sugar Creek Rd Laurens 29360 Sold for $257,000 on 8/14/2023

2468 Highway 221 S Laurens 29360 Sold for $245,000 on 7/24/2023

142 E Lake Dr Laurens 29360 Sold for $230,000 on 7/14/2023

1631 Greenwood Rd Laurens 29360 Sold for $260,000 on 6/22/2023

105 Barksdale Cir Laurens 29360 Sold for $330,000 on 2/03/2023



FOR QUESTIONS OR TO SUBMIT AN OFFER ON THIS PROPERTY

call or text (704) 396-5042




Closing Deadline:

Closing will be handled by Guest & Brady Law firm, closing deadline on or before 10/12/2023



Disclosure and Next Steps:

Property is currently occupied - DO NOT DISTURB TENANTS / OCCUPANTS Any showings must be scheduled and approved by us at least 72 hours in advance. Upon acceptance of the winning bid, the buyer will receive a purchase & sale contract which must be completed along with $3k EMD received within 24 hours of winning bid acceptance. This property is secured with a binding purchase and sale contract as well as a memorandum recorded with the county and attached to the subject property securing seller/assignors financial interest.




Properties may be occupied - DO NOT DISTURB TENANTS / OCCUPANTS Any showings must be scheduled and approved by an authorized representative at least 72 hours in advance. Upon acceptance of a winning bid, the buyer will receive a purchase & sale contract which must be completed along with $5k EMD received within 24 hours of winning bid acceptance. This property is secured with a binding purchase and sale contract as well as a memorandum recorded with the county and attached to the subject property securing seller/contract holder(s) financial or equitable interest. Any attempt to circumvent the contract holder will result in immediate legal action and recovery of financial damages including all legal fees required for such recovery. Information shared is confidential and privileged and shall not be re-shared or marketed without the explicit written consent of the contract holder. By submitting an inquiry, property address request, or making an offer you accept the terms and restrictions set forth in this statement.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Stephen Backholm

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Disposition manager