33 Cardinal Drive Owego, NY 13827
3 Bed, 2 Bath, | 1344 Sq Ft
Owego Heights – 33 Cardinal Drive $74,000 (NADA Book Value is $92,000 – This home is selling below BOOK VALUE)
This home is a Titan 28′ x 48′, 3bed, 2 bath custom home on a large lot that backs up to a secluded tree line, and soon to be paved driveway and sidewalks. Large shed is also included. In the second photo you can see your back porch and your large backyard. This lot is very spacious and private! In addition you have two other entrances to the home.
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.
An example of Financing Terms. Please know that your Actual Terms will vary:
1. Sell Price $74,000
2. 5% down or $3,700 (the more you put down better the interest rate) = So loan would be 70,300
3. Your credit score needs to be at least 630 (higher score better interest rate)
5. Interest Rate ranges from 5 ½ to 8 ½ depending of credit score
6. Approx monthly payment on $70,300 @ 7% @ 20 yr is $545 + lot rent of $387 = $932
YOUR NET COST
Home owners qualify for a NYS STAR tax rebate of approximately $500 which effectively lowers your cost $40 per month. 932 – 40 = $892.00
Pet Policy; If you are leasing to own you can have one (1) dog and it can not be over 20 Lbs when full grown and not an aggressive breed. One (1) cat indoor only.
- blacktop driveway
- rear deck
- washer/dryer hookups