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The seller understands that the county will not approve a building permit for this property at this time.
Based on our understanding, this property was subdivided from the adjacent parcel in 1989. The assessor recognizes the subdivision, as evidenced by each parcel having separate tax records, owners, and tax bills. However, the county planning and zoning department has stated that a building permit cannot be issued because a minor lot split application was never approved—and, to our knowledge, never submitted.
For this application to be processed, the owners of both parent parcels must sign it. At this time, the neighboring parcel owner does not appear interested in signing.
The seller is only considering offers with no contingencies and is selling the property strictly "As-Is. " Buyers must fully understand the current situation before proceeding.
If these zoning issues are resolved, the seller intends to significantly increase the price. If you're looking for a great deal, now is the time to purchase the property as is.
Buyer to verify all information provided.
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Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $119,920 | $119,920 | $119,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.490% | 5.490% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.695% | 6.649% | 5.764% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $690 | $757 | $979 |
Total Monthly Payment | $765 | $832 | $1,054 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.