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Courtesy of Hugh Durack of Coldwell Banker Lifestyles - Concord.

80 Homestead Road

Alstead, NH 03602
  • $159,800
  • STATUS: Active
  • MLS #: 4916314
UPDATED: 40 min ago
$159,800
  • 3
    BEDS
  • 1.8
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 900
    SQFT
  • $178
    $/SQFT
Type:
Single-Family Home
Built:
1965
County:
Area:

School Ratings & Info

School District:

Description

Opportunity is knocking. Open concept home in need of some repair. Privately set on a hill with lots of glass to let in the natural light. Wrap around deck to take in the nature. New State approved 3 bedroom septic design comes with this offering. Drilled well and metal roof. Ideal situation for an FHA 203K renovation loan. Cash works too! Foundation is insulated on inside with 200 amp electrical service. This property is a prime candidate for a HUD 203K loan and we have an experienced lender (with lots of 203K loans successfully completed in NH) ready to make this a reality for you. As an example: AS-IS value: $150, 000 needed repairs: $100,000, final appraised value: $250,000 (determined at start of loan) loan amount: $275, 000 (this means that FHA will lend you $275,000 upfront, which will allow you to complete the $100,000 in repairs and have $25,000 left over for contingencies, temporary housing while house is under repair, etc.). Furthermore, if you are handy and can get these repairs completed for $70,000, you can pocket the additional $30,000 as well. And if you have extra cash left over after the repairs are completed, you can either keep it or simply pre-pay the loan balance. Either way a WIN-WIN

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© Copyright 2022 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2022-10-07T12:06:46.753.
www.nhhomestore.com/homes/130005716
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80 Homestead Road Alstead, NH 03602

  • Price: $159,800
  • Status: Active
  • On Site: Days
  • Updated: 40 min ago
  • MLS #: 4916314
3
Beds
1
Baths
0
½ Baths
1.8
Acres
900
SQFT
$178
$/SQFT
1965
Built
County:
Cheshire
Area:
Alstead
School District:
Fall Mountain Reg Sd Sau #60
Property Description
Opportunity is knocking. Open concept home in need of some repair. Privately set on a hill with lots of glass to let in the natural light. Wrap around deck to take in the nature. New State approved 3 bedroom septic design comes with this offering. Drilled well and metal roof. Ideal situation for an FHA 203K renovation loan. Cash works too! Foundation is insulated on inside with 200 amp electrical service. This property is a prime candidate for a HUD 203K loan and we have an experienced lender (with lots of 203K loans successfully completed in NH) ready to make this a reality for you. As an example: AS-IS value: $150, 000 needed repairs: $100,000, final appraised value: $250,000 (determined at start of loan) loan amount: $275, 000 (this means that FHA will lend you $275,000 upfront, which will allow you to complete the $100,000 in repairs and have $25,000 left over for contingencies, temporary housing while house is under repair, etc.). Furthermore, if you are handy and can get these repairs completed for $70,000, you can pocket the additional $30,000 as well. And if you have extra cash left over after the repairs are completed, you can either keep it or simply pre-pay the loan balance. Either way a WIN-WIN
Exterior Features

Color Brown Construction Wood Frame Driveway Dirt Exterior T1-11 Has Garage No Lot Description Sloping Lot Number 12 Road Frontage Yes Road Frontage Length 220 Roads PavedPublic Roof Metal Style ContemporaryRanch

Interior Features

Basement Access Type Walkout Basement Description Crawl SpacePartial Cooling None Foundation Block Has Basement Yes Heating ElectricStove - Wood Quarter Baths 0 Rooms Total 5 Sq Ft Approx Fin Above Grade 900 Sq Ft Approx Fin Below Grade 0 Water Heater Electric

Property Features

Area Description Rural Auction No Block 0 Construction Status Existing Covenants Unknown Easements Unknown Electric 200 AmpCircuit Breaker(S) Financing Possible Opt CashRehab Loan Flood Zone No Foreclosed / Bank Owned / REO No Heat Fuel ElectricWood Pre Construction No Property Type Single Family Seasonal No Sewer 500 GallonDrywell Surveyed Unknown Tax Gross Amount 1788 Tax Year 2022 Taxes Tbd No Timeshare Fractional Own No Utilities Dsl - Available Water Drilled Well Zoning Residential

Courtesy of Hugh Durack of Coldwell Banker Lifestyles - Concord: [IDXCONTACTINFORMATION].


© Copyright 2022 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2022-10-07T12:06:46.753.
 
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