1401 MIMOSA LN, SILVER SPRING, MD 20904
TO BUY A HOME IN Silver Spring : Call 301-6132-403
TO SELL A HOME IN Silver Spring: Call 301-613-2043
Keji Ogunleye ,
Fairfax Realty, Inc
301-613-2043
1401 MIMOSA LN, SILVER SPRING, MD 20904
Details
Listed Price: $425,500
Sold Price: $417500
5bedrooms, 3.5bath
This lovely large detached home in Silver Spring that was completely renovated with gourmet kitchen, fenced yard and in-law suite in basement was sold for 98% of the asking price.
Pricing and condition is very important when selling a property and it can make a difference in quickly getting an offer or lingering in market.
The owner of this property did an excellent job in the renovation of this house in Silver Spring and when is time to list for sale, the seller decided not to list at the top of the market price, based on recent sales in the area.
The lucky first time buyer offered close to the full price and the offer was accepted. The buyer financed the sale of this in Silver Spring with conventional loan offering 95% financing with No PMI.
For this buyer this purchase makes great sense as the mortgage payment is less than what is being pay in rent . Request our Report on How to Fire Your Landlord
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Breakdown
Loan amount: $396,625.00
Closing Cost: $11579.23
Seller Closing Cost Credit: $12,525.00
Buyer's Down Payment: $17,667.34
Interest Rate: 4.125%
Monthly Mortgage Payment: $2321.00
This lucky buyer moved in to the house in Silver Spring with No Private Mortgage which lowered the monthly payment by $300.00 and will be paying under $2400 to live in this lovely house in Silver Spring.
If you are paying this much in rent why not buy and build equity and get the tax advantage of home ownership.
If you are paying this much in rent why not buy and build equity and get the tax advantage of home ownership.
There are many loan programs available for first time buyer to from zero home loan to low down payment. Request More information to get started.
Keji & Associates of Fairfax Realty is a team of licensed agents working daily to get homes sold for our clients in all parts of the metro area. We delight our clients by delivering world class service every step of the way and we strive to create a win-win situation this is all part of our values and beliefs. Contact us @ 301-613-2043, email keji@metrohomesrealty.com or visit our website . www.metrohomesrealty.com
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