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"Ideal for First-Time Home Buyer"
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PREA Signature Realty
PREA Signature Realty - Lafayette Square |
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| Ryan Shaughnessy |
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Email Ryan |
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Phone: |
314-397-3182 |
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Other: |
314-621-5777 |
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Cell: |
314-971-4381 |
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Fax: |
314-361-2066 |
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Address:
1303 Missouri Avenue, Unit C
Type: Residential
Style:
Bedrooms: 2 "Equal Sized Bedroom"
Bathrooms: 1 "Full Bath with Shower/Tub"
Garage: "1-Assigned Parking Space"
Basement: "No Basement"
Size: 931 sq. ft. "Great Floor Plan"
Lot Type: Rectangular
Lot Size:
0.032 acres
Year Built: 1983 "Recently Updated"
Taxes: $1,134.00 (2008)
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JUST LISTED - 1303 Missouri, Unit C
IDEAL FOR FIRST-TIME HOMEBUYER
This condo for sale in Lafayette Square is ideal for the first-time home buyer interested in taking advantage of the $8,000 federal first-time homebuyer tax credit, historic low interest rates, and great pricing.
CHEAPER THAN RENT
In addition, owning is cheaper than renting. Assuming a 3.5% down payment, a 30 year fixed rate loan, and interest rates at 5%, your monthly mortgage payment would be approximately $750 per month. The current average rental rate for condos and apartments in Lafayette Square is $1.00 per sq. ft.. At 931 sq. ft., this condo would rent for $931 per month. By purchasing, you save $2,160 per year compared to renting.
LOCATION... LOCATION... LOCATION
This property is in a great location in Lafayette Square just 1 block North of Lafayette Park. With a great location, you have less risk in terms of resale so location has never been more important. |
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$8,000 Federal First-Time Home Buyer Tax Credit - Pay down your mortgage, use to pay your first 10 mortgage payments, make improvements to the property, or purchase new furniture or appliances.
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Cheaper than Rent-Your monthly mortgage payment - $750 per month. Cost to rent similar condo - $931. Save over $2160 per year.
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Tax Benefits - Mortgage Interest and Real Estate Tax Deductions
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Wealth Building - In 2008, contrary to national and regional trends, Lafayette Square saw an increase of 8% in median prices. Home ownership is the key to wealth building.
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Low Maintenance - Unlike single family homes, condominiums with an adequate capital reserve can offer two major benefits - low maintenance and predictable expenses.
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•Bedrooms: 2
•Bathrooms: 1
•Sq. Footage: 931 sq. ft. (per city tax records)
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Parking: 1 Off-Street Assigned Parking Space
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Exterior Facade: Brick
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Living Room: 13.6' x 15', Windows with Eastern Exposure, Wood Burning Fireplace with Mantel, and Pergo Wood Floors
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Dining Room: 12.9' x 11.4', Windows with Eastern Exposure, Open Floor Plan, Mirrored Ledge, and Pergo Wood Floors
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Kitchen: 8.8' x 8.7', Eat-In Breakfast Bar, Double Bowl Ceramic Sink, Dishwasher, Microwave, Stove, and Refrigerator, White Cathedral Cabinets, Red Laminate Countertop, Pantry and Ceramic Tile Floor
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Master Bedroom: 13.9' x 11.6', Newer Carpeting and Pad, and Large Wall Closet
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Guest Bedroom/Office: 13.6' x 11.6', Pergo Wood Floor, Large Wall Closet and Access to Deck
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Bathroom: Full Bath with Shower/Tub, Ceramic Tile Floor, and New Toilet
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Systems: Newer HVAC and Water Heater
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Windows: Some Window Treatments and Some Storm Windows
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Deck: Semi-Private Wood Deck
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Interior Features
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▪ Carpeted Floors
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▪ Ceiling Fan
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▪ Fireplace
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▪ Hardwood Floors
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▪ Laundry Room
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▪ Window Covers
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Heating
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Exterior Finish
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Sewer/Water Systems
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▪ Public
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▪ Water District
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Roof
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Lot Features
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▪ Deck
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▪ Landscaped
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▪ Trees / Shrubs
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View
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Extra Features
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▪ Balcony
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▪ Cable Available
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▪ Pets Allowed
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▪ Public Transportation
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▪ Reserved Parking
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▪ Utilities Paid
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Appliances
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▪ Dishwasher
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▪ Dryer
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▪ Garbage Disposal
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▪ Microwave
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▪ Oven Range
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▪ Refrigerator
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▪ Washer
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▪ Washer/Dryer Hookup
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Buying Options
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▪ Lease Option
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▪ Rent to Own
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Cooling
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