2224 Alexander Blvd, Murfreesboro, TN 37130

Single Family / 4 Bedroom(s) / 2.5 Bath(s)

Property Status:  For Sale | $95,000.00 | 


Property Photos
2224 Alexander Blvd (Image - 1)


Assumable Loan @ 3.75 % Rate! Text Peter 615-967-6251


Property Status:
For Sale | $95,000.00
Property Details:
Single Family / 4 BR / 2.5 BA
Property Style:
2-Story
Year Built:
2005
Finished Sq Ft:
2,827
Garage:
2 Car Attached
Basement:
No Basement
Owner / Agent:
Individual Owner
Property Features:
Central Air
Fireplace
Fenced Yard
Security System
Contact Info
Flip Cafe Real Estate
(615) 967-6251

View on Individual's Website
Property Description:

2224 Alexander Blvd, Murfreesboro, TN 37130

4 beds / 2.5 Baths / 2,827 sqft / Year 2005 / .3 acre Lot / No HOA

Amazing Location: 3 Minutes from Walmart, Kroger, and all major restaurants

Link for Photos drive.google.com/drive/folders/19JRz2anid1dbUn6_aAAFrRP9a8HDG2z0?usp=sharing

 

 

Summary

Charming brick home in a highly sought-after neighborhood. Enjoy the elegance of hardwood floors throughout, with cozy carpet in the bonus room. This open-concept layout boasts a spacious primary suite on the main level with walk-in closets and a luxurious jetted tub in the master suite. Move-in ready, this home is waiting for you to make it yours!

 

House Updates

Fenced Backyard
New Water Heater
Fully Encapsulated Crawlspace
New HVAC system
Brand-new duct and vent system
 

 

Details:

Assumed Loan Balance: $474,290

Interest Rate 3.75 % … Monthly Payment $2,685

Purchase Price: $565,000

FMV (Market Value): $590,000

Loan must be assumed to an individual for Primary Residence Purpose Only!

 

Entry Fee: $95,000 … Here is a Breakdown:

$16,950: 3% Commission to Listing Agent

$16,950: 3% Closing Cost + Title + Consultation Fees

$8,230: Forbearance Balance (Reimbursed back by Seller at Closing)

$48,000: Cash to Seller

$5,000: Assignment Fee

 

Upon Signing: $2K EMD + $5K Assignment Fee + $8,230 Forbearance Balance

 

Forbearance Balance Story: in order for the bank to assume this VA loan, a balance of $8,230 that the seller owes must be paid first to start the loan assumption process not at closing. Per the contract, if for any reason the loan process doesn’t go thru, a lien of 15K will be placed on the property.

 

Deal Advantages & Equity Options:

Buying it this way means that you will already going to be walking in with existing equity!

So, after you buy it, if you’d like to get equity back, here are a couple of options:

 

Option 1: Apply for a Second Mortgage

Option 2: Apply for a HELOC, Home Equity Line of Credit



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Real Estate Investors of Nashville is not responsible for the properties or the information listed here. Each Property is independently owned.  Click on the link above to contact the Property Owner about this property.

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Real Estate Investors of Nashville
4525 Harding Pike Suite 200
Nashville, TN 37205
(615) 885-5454

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