Lancaster County PA Realty Check: Lease-Purchase This Fixer-Upper!

Lease-Purchase This Fixer-Upper!

SOLD

The present owner saw the potential in this great house and started a rehab, but isn't able to continue - so the opportunity to own a reasonably priced future pride-and-joy home can be yours!  The price has been reduced to only $39,900, and the seller will consider a short-term Lease/Purchase to a qualified buyer.

Lancaster Handyman Special

There are three bedrooms plus a possible fourth bedroom on the third floor.  There are 1.5 baths.  The powder room, off the kitchen, already has new fixtures installed.  The kitchen renovation has already been started...

                     Kitchen

Extensive hardwood floors in the foyer, living room and dining room are in excellent shape and would refinish beautifully...

                                            Dining and Living Rooms                   Dining Room Floor

The third floor has a 19' x 15' bedroom which could be the fourth bedroom.  All that would need to be done is to refinish the softwood floor, and install baseboard heat.  The walls and ceiling are almost finished, and replacement windows installed.  This bedroom would add 285 SF to the 1392 SF on the first two stories, for a total of 1,677 SF.

Third Floor

                       Third Floor

Because it is difficult to get a mortgage for a house that doesn't have a functional kitchen and full bath, the seller will allow a short term lease purchase so that the buyer can have time to renovate the home before applying for a mortgage.  For more information on how this would work, or for your own personal showing, call Brian Schulman at (717) 951-5552.

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Brian Schulman offers expert personalized real estate representation and services in Lancaster County, PA.  To contact him, visit http://www.FindLancasterHomes.com/


 

Brian Schulman offers expert real estate representation for buyers and sellers of homes in Lancaster County, PA.  To learn more, visit http://www.FindLancasterHomes.com/

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Comment balloon 9 commentsBrian Schulman • February 11 2008 01:38PM

Comments

Brian - A Lease/Purchase can be a wonderful way to get into a home.  This sounds like a good deal for buyers in that area, especially those who are handy and recognize the true potential here.
Posted by Jason Sardi, Your Agent for Life (Auto & Home & Life Insurance throughout North Carolina) over 10 years ago
Brian, That house has wonderful potential.  I'm sure someone will buy it and make it beautiful.
Posted by Laura Cerrano, Certified Feng Shui Expert, Speaker & Researcher (Feng Shui Manhattan Long Island) over 10 years ago

Hi Brian,

What a bargain for someone who doesn't mind doing a bit of work. I can picture that place looking very beautiful with some antiques scattered around, some plants and flowers near the windows, cosy rugs on the floors, and some lovely prints or artwork on the walls.

Jo 

Posted by Jo-Anne Smith over 10 years ago

Jason, the terms are especially good for a buyer who can't pay cash.  This kind of house is difficult to finance.

Carole, the house does have excellent potential.  With these terms, I don't expect it to last too long. 

Posted by Brian Schulman, Lancaster County PA RealEstate Expert 717-951-5552 (Coldwell Banker Residential Brokerage, Lancaster PA) over 10 years ago

Hi Jo,

I'll bet you could decorate the house beautifully once the repairs were made!

Brian 

Posted by Brian Schulman, Lancaster County PA RealEstate Expert 717-951-5552 (Coldwell Banker Residential Brokerage, Lancaster PA) over 10 years ago
Brian - Your post made me realize that we are a lucky group that can see beyond what is and anticipate what could be. Thank you for reminding me of the beauty I see every day.
Posted by John MacArthur, Licensed Maryland/DC Realtor, Metro DC Homes (Century 21 Redwood) over 10 years ago
John, thanks for your kind comment!
Posted by Brian Schulman, Lancaster County PA RealEstate Expert 717-951-5552 (Coldwell Banker Residential Brokerage, Lancaster PA) over 10 years ago
Brian, this looks like a great opportunity for someone willing to put in a little sweat equity.
Posted by Jeannie Kontis over 10 years ago
No question about it, Jeannie.  The house has "good bones".
Posted by Brian Schulman, Lancaster County PA RealEstate Expert 717-951-5552 (Coldwell Banker Residential Brokerage, Lancaster PA) over 10 years ago

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