Owner Financing homes, houses, townhomes, condos in Illinois
Rent To Own this Beautiful Fully Renovated home in District 308

Home Description

RENT TO OWN HOME:
Fully Renovated!!
Seller will pay ALL of Buyer’s Closing Costs*

Description: This beautiful home is only 8 years old and offers 3 bedrooms, 2 ½ baths, 2 story foyer, new kitchen floors, new carpet throughout, master suite with vaulted ceilings and garden bath. All appliances including washer and dryer, first floor laundry, alarm, fenced yard.

Feel like a Brand NEW home.

Basement – Partial, Crawl

Fully Renovated and in NEW condition

Fresh Paint and NEW Carpet throughout

Garage: Attached 2 ½ Car Garage

Home Information & Details

Property ID #:2435

Home Type:Single Family Home

Home Style:2 Story

Bedrooms:3

Bathrooms: 3 Total -  Full Baths: 2, Half Baths: 1, Quarter Baths: 0

Garage Stalls:2 - Garage Attached

Finished Sq Ft:not entered

Year Built:Not entered

Pet Policy

Dogs Accepted: Dogs Accepted

Cats Accepted: Cats Accepted

Neighborhood and School Information

Neighborhood:

School District:District 308

Elementary School:Wheatlands

Middle School:Bednarcik Jr. High

High School:Oswego East

Rent to Own Terms & Information

Rent to Own Headline:Rent To Own this Beautiful Fully Renovated home in District 308

Monthly Rent:$1,800

Sale Price Notes:See Rent to Own Notes Section

Option/Down Payment:See Rent to Own Notes Section

Rent Credit Notes:See Rent to Own Notes Section

Maximum Term:See Rent to Own Notes

Available:Immediately

Rent to Own Notes:Terms : Rent To Own (up to 3 year term) Current Market Value is estimated at $225,000 (comparable sales) Purchase Price (after yr 1): $220,000 (Credits accumulated after year 1 =$3600.00 +$4000) Purchase Price (after yr 2): $231,000 (Credits accumulated after year 2 =$7200.00 +$4000) Purchase Price (after yr 3): $243,000 (Credits accumulated after year 3 =$10,800 +$4000) Monthly Lease Payment: $1800.00 Option Fee Required: $4000.00 Rent Credits are $300/month Financing: The goal would be to position you to purchase the home with an FHA loan within 1-3 years. The FHA down payment requirements are currently 3.5 %. With the option fee you put down up front + the rent credits you accumulate along the way, you will have the necessary down payment. *Must use Seller’s Preferred Lender.. ** The monthly rental payment you make during the lease option term is not always indicative of the actual payment you will make once you purchase the home. Your monthly payment will be based solely on the amount you finance at closing and your credit scores. ** Always be sure to do all your due diligence regarding the valuation of the home, condition of title, the sellers current payment status, taxes, association fees, and your ability to get future financing for the home prior to entering into any agreements. ** DO NOT enter into a rent-to-own agreement if you are not serious about purchasing the home and not serious about raising your credit scores substantially.

Don't have enough to work with as an up front payment?   88x31

Home Information & Community Features

Interior Rooms
   Living Room
   Dining Room
   Rec Room
   Unfinished Basement

Appliances
   Refrigerator
   Stove
   Garbage Disposal

Flooring
   Carpet
   Hardwood
   Vinyl

Other Amenities
   Washer/Dryer
   W/D Hookups
   A/C
   Ceiling Fan
   Heat

Outdoor Amenities
   Fence

Property ID # 2435

Home Address
1748 Melbourne Lane
Aurora, IL 60503

County:
Will County

Regional Area:
Chicago - West Chicagoland, Naperville, Aurora and Vicinity

Home Docs & Tools

Map It on Google Maps™

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Contact Information

Jay Mathison

Nationwide Realty Group, Inc.

(630) 886-3882  


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