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Prime Residential Land - City of Rockville, MD - Owner Financed (Rockville)

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716 S. Stonestreet Avenue

(google map)

available mar 11

land

5 MINUTE WALK TO DOWNTOWN ROCKVILLE!
OWNER FINANCED - $149,900 ($4,900 down & $796/month - P.l. & T)

ASSET DESCRIPTION:
Up for sale is a residential lot in the City of Rockville (Montgomery County), Maryland. The property, upon receiving a residential access permit, will have road access via Stonestreet Avenue and is surrounded by many homes in the neighborhood. This vacant lot is a 5 minute walk to downtown Rockville, where restaurants and shops are clustered around Rockville Town Square. Montgomery County District Court, Montgomery County Circuit Court, Richard Montgomery High School, a movie theater and many shops are a short walk to this property.

A nearby 3-BR home on Grandin Avenue is for sale for $599,000. If you're not from the area, go visit nearby downtown Rockville, and you will see that this area is booming!

TERMS:
The full purchase price is $149,900. The interest rate is 5.1%, amortized over 30 years, with a 10 year balloon payment. The duration of the note is 10 years. The monthly payment would be approximately $796/month, including principal, interest and property taxes. There is no prepayment penalty to pay the note off faster.

The down payment of $4,900 (“Deposit”) will be due with your offer and may be paid by cashier's check, or wire transfer. The note must be signed within 14 calendar days of receipt of your deposit. Your down payment will be applied to the purchase price. All monies paid are non-refundable.

PROPERTY WILL BE CONVEYED VIA SPECIAL WARRANTY DEED WITH CLEAR TITLE, ONCE THE NOTE IS PAID IN FULL.

CONTACT THE SELLER AT show contact info IF YOU HAVE ANY QUESTIONS.

The following info was provided by Montgomery County and should be verified prior to purchase.
Address: 716 S. Stonestreet Avenue, Rockville, MD 20850

ATN: 02645506
Legal Description: PT LOT 21 ROCKDALE
Lot Size: Approx. 7,840 Sq. Ft.
Zoning: Residential
Property Taxes: $124

PAYMENT TYPE:
• Certified/Cashier's Check
• Wire Transfer

ADDITIONAL TERMS OF SERVICE:
All property is sold as is, where is, with no warranties expressed or implied. It is the duty of prospective buyers to research properties to their satisfaction prior to making the deposit. Once your deposit is received it shall constitute a binding contract, in which the buyer is agreeing to the terms provided herein, including submitting to personal jurisdiction where the property is located, and that if there is any legal action to enforce the contract between the buyer and seller that the buyer will be responsible for all costs and expenses (including attorney’s fees and court costs) in enforcing the agreement between the parties.

PLEASE READ CAREFULLY - REAL ESTATE BUYER RESPONSIBILITIES

It is highly recommended that interested parties arrange for an external inspection personally or through a designee and that they contact the county or city in which the property is located to confirm the status of the property.

It is your responsibility to complete all due diligence needed to determine the condition, market value, or investment value of this asset prior to making your deposit. Necessary due diligence items may include, but are not limited to:

• A satisfactory inspection of the property
• Completion of a title search
• Investigating back property taxes and
• Other - liens and encumbrances such as unpaid utility bills.

You acknowledge that any statements made by the seller about the condition or market value of the property are subjective, and do not release you from your responsibility to perform due diligence.

  • do NOT contact me with unsolicited services or offers

post id: 7091629349

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