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Thank you for the question.
This property is now pending (sold) and without taxes and insurance possibly would have been that much a month. It was also a handyman special that might have required repairs in order to move in.
The home a 730 Arnett Blvd has a pending sale on it as of May 2013 but not sure where it stands at this point. It is a total rehab which needs a great deal of work to be livable. The $75 a month that the site is referring to does not include taxes and insurance which would add another $200 a month on top of your mortgage if you can find a bank that would lend that small of an amount. For someone who is handy this would be a steal because the city assessment for it is $66,000. This would create instant equity as long as you can keep the rehab expenses at a reasonable amount. If I can assist you in your search please feel free to contact me and also good mortgage brokers can steer you towards grants that the city gives out to owner occupied homes.
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