33 Cardinal Drive Owego, NY 13827
3 Bed, 2 Bath, | 1344 Sq Ft
Owego Heights – 33 Cardinal Drive *photos taken immediately after installation*
This home is a Titan 28′ x 48′, 3bed, 2 bath custom home on a large lot and soon to be paved driveway and sidewalks. Large shed is also included. The cost of this new home is $70,500 which includes NYS 8% tax.
Financing: Manufactured homes are financed by lenders who specialize in chattel loan financing. When seeking a lender for this type of loan, please ask if they underwrite for “manufactured homes within a land-lease community.” Rates and terms will depend upon the lender’s loan programs and the applicant’s credit ratings. We can provide a list of companies for you to choose from.
Lease with Option to Purchase. If purchasing outright is not an option at this time, our lease with option to purchase program may be a viable solution for your housing needs. Much like leasing a vehicle, this program allows select homes to be leased for 48 or 60-months. The leasing home payment would be made in addition to the monthly lot rent. At the end of the lease term, the option to purchase the home will become available and the residual value, as pre-determined in the leasing contracts, may be paid to complete the purchase of the home. Other restrictions may apply.
Lease with the option to purchase. Put $10,000 down, which is your Lease Option down payment. Your monthly lot rent is $387 + your monthly home lease payment of $650 = $1,037.
YOUR NET COST
Home owners qualify for a NYS STAR tax rebate of approximately $500 which effectively lowers your cost $40 per month. So by buying this home your NET cost per month is actually $1,037 -$40 = $997.
Cost to move in:
1. $10,000 Lease Option Down
2. 1st month lot rent $387
3. Home owners insurance estimated at $150 per quarter
- blacktop driveway
- rear deck
- washer/dryer hookups