Hot Lake Palestine community home for less than $100K! Ready, Set, Go! This 2 story, 3BR/3Bath home won't last long at that price. Fisherman's delight. Boater's delight. Live less than 100 yards from gorgeous views of Lake Palestine. Free boat ramp just two minutes away. 3BR/3Bath and the bedrooms are big. Hot opportunity at the lake because it's less than $100K. The house just needs owners to make it their home. It's also Hot because it needs the outside painted... in Texas... in summer. But paint and new carpet will make it the cutest house on the street. Oh and Hot because it needs a new HVAC. But remember it's 100 yards from the lake and less than $100K!!! Actually it's $98,977.00. Just so you manage your expectations, that isn't the starting price, that's the price. We've done our homework so you will know what you're getting. The seller has done this a few times and can work with buyers who have cash or are pre-qualified for a loan, or who have good enough credit and/or proof of income and work history to qualify for an owner-financed loan. We will require that documentation in email before we schedule showings. With the seller financing the sale for 20/30 years at the listing price, a buyer can expect a mortgage payment of $700-$770mo. plus $383mo escrowed property taxes. The buyer will also be responsible for a home owner's policy, 12 mos paid in advance to your insurance company before closing. Then monthly home owners insurance in year 2 must be maintained. That cost may be approximately $150-$200 per mo depending on your insurance company and credit score. Approximate monthly expenses to own this home with seller financing: $770 mortgage $383 property taxes (these may be lower) $200 Home Owners Insurance in year 2 We'd love for you to buy this home and make it yours. Really pretty drive along the lake to get here.

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Broker Office Phone Number: 903-594-8721

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