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Key Details
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 906 sqft
Price per Sqft $71
Subdivision Laurentian Village Condo
MLS Listing ID 20240088835
Style Ranch
Bedrooms 2
Full Baths 1
HOA Fees $250/mo
Year Built 1963
Property Sub-Type Condominium
Property Description
Investor Opportunity with Flexible Land Contract Terms!
This spacious 2-bedroom, 1-bath main-level condo offers incredible potential and the unique opportunity to purchase via a land contract. With $30,000 down, 7% interest, and a $600 monthly payment, this deal includes a 36-month balloon term. Buyer is responsible for taxes, insurance, and HOA dues. It's an excellent option for investors or buyers seeking a manageable path to ownership.
The condo features a large master bedroom, ample storage (an 11' x 5' room inside the unit plus a secure 6' x 5' basement storage locker), and a location that can't be beat. Nestled through a quiet courtyard, it's within walking distance of shops, restaurants, and schools and just minutes from downtown Ferndale, Royal Oak, Berkley, and more.
Low HOA fees cover heat, water, maintenance, snow removal, landscaping, and a master insurance policy, making this a low-maintenance and affordable choice. This property is priced for its “Investor Special” potential and does need some TLC, but the possibilities are endless.
Don't miss this rare chance for affordable, flexible ownership in an ideal location!
Location
State MI
County Oakland
Area Area02255Oakpark
Interior
Heating Natural Gas, Radiant
Cooling Window Units
Laundry CommonArea
Exterior
Parking Features Assigned2Spaces, NoGarage
Pool None
View Y/N No
Roof Type Asphalt
Building
Foundation Basement, Poured
Sewer Public Sewer
Water Public
New Construction No
Schools
High Schools Oak Park
School District Oakpark
Others
Acceptable Financing Cash, Contract, Conventional
Listing Terms Cash, Contract, Conventional
Special Listing Condition ShortSaleNo, Standard
Pets Allowed Cats Ok, Dogs Ok, Size Limit
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Bought with Brookstone, Realtors LLC
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