116 Sollers Point Road Dundalk, MD 21222

$160,000
2
Beds
1
Baths
0.06
Acres
812
SQFT
197
$/SQFT
$160,000
2
Beds
1
Baths
812   sf
$197 / sf
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active
1/20
Street View

Welcome to a beautifully renovated property in the heart ofDundalk (Baltimore County). This newly renovated End Of Group (EOG) townhouse is anexceptional opportunity for someone who wants to become a homeowner WITHOUT BANKFINANCING! The sellers of this property are offering “Seller Financing” to the right buyer(full details below). Dundalk is a vibrant community with a rich history and a promisingfuture. With ongoing development projects and a strategic location near major highways, itoffers excellent opportunities for residents. What is Seller Financing? Seller Financing is areal estate agreement in which the seller handles the mortgage process instead of afinancial institution. Instead of applying for a conventional bank mortgage, the buyer signsa mortgage with the seller. The seller becomes the bank, which reduces closing costs, fees,and the stressful loan approval process. How much will it cost? The purchase price is$160,000. (Comparable sales in the last year have sold up to $220,000) The buyer will need20-25% as a down payment ($32,000-40,000). The interest rate will depend on the downpayment amount, your credit and income. The interest rate will be fixed for 30 years, andyou will make normal monthly mortgage payments. The interest rate will vary from 8.5-11.5%. Monthly mortgage payments will vary, but will range from $1125-$1475 depending onthe above factors.

Welcome to a beautifully renovated property in the heart ofDundalk (Baltimore County). This newly renovated End Of Group (EOG) townhouse is anexceptional opportunity for someone who wants to become a homeowner WITHOUT BANKFINANCING! The sellers of this property are offering “Seller Financing” to the right buyer(full details below). Dundalk is a vibrant community with a rich history and a promisingfuture. With ongoing development projects and a strategic location near major highways, itoffers excellent opportunities for residents. What is Seller Financing? Seller Financing is areal estate agreement in which the seller handles the mortgage process instead of afinancial institution. Instead of applying for a conventional bank mortgage, the buyer signsa mortgage with the seller. The seller becomes the bank, which reduces closing costs, fees,and the stressful loan approval process. How much will it cost? The purchase price is$160,000. (Comparable sales in the last year have sold up to $220,000) The buyer will need20-25% as a down payment ($32,000-40,000). The interest rate will depend on the downpayment amount, your credit and income. The interest rate will be fixed for 30 years, andyou will make normal monthly mortgage payments. The interest rate will vary from 8.5-11.5%. Monthly mortgage payments will vary, but will range from $1125-$1475 depending onthe above factors.

  • Neighborhood
  • Type
  • Total Baths
  • County
    Baltimore
  • Tax Amount
    $748
  • Status
    Active
  • Listing #
    MDBC2102336
  • Built
    1944
  • Lot Size
    0.06
  • Listed on site
    61 days
  • Listing Agent Id
    121135573087

Listed by:
Hawkins Real Estate Company

Source:
BRIGHT MLS

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Property details

Community Features

  • No HOA
  • No Adult Community

Property Features

  • No Builder Restrictions

Exterior features

  • No Pool
  • Attic

Interior Features

  • Carpet Floors
  • Central Air Conditioning
  • Wood Floors

Style

  • Traditional
  • End Unit
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