Adolfi Real Estate

Town of Van Buren HUD Home

img_6140.jpgSOLD-7653 Van Buren Rd., just south of Baldwinsville sets our next featured 3 BR 2 Bath HUD home. Curb appeal is currently poor to fair. Here are the interior repairs needed: New heating boiler $2000, Kitchen $10,000, 2 baths $7500, paint $1000, floor covering $4000.  Exterior needs: Stain $1500, Jack and level front porch $500.  Figure $30,000 to get you off to a good start.  There is a FHA 203K rehab loan available for owner occupants. That is where you can add to your mortgage the repair money needed fix it up. After closing you pay the contractors and get reimbursed in up to 4 phases. HUD’s asking price is $80,000.  Price is $72,000 as of 11/07/08. The tax assessed value is $105,000.  Zillow.com has it valued at $115k.  Some of the good qualities of this home are its close proximity of 1 mile to rt.690, property taxes of $2844 per year before STAR exemption. How about its massive 2688 sq.ft. interior. HUD will help with some of your closing costs. You will still need approx. $7k to close.  Offers can be submitted by owner occupants, investors and out of state purchasers. Call for your showing today. 315-952-2671 Broker John Adolfi.

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