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Innovative Rent to Own Financials for this Home: Share in the home's property appreciation while renting! Save $$ compared to bank mortgages while progressing to ownership! Kitchens are where families gather! Your home features a beautiful custom built kitchen and extra-large island creating a perfect gathering spot for friends and family. The kitchen and open concept floor space join the vaulted ceiling living area, as well as a bump out breakfast area turret and access to a large deck to the back yard. Life's activities throughout the home are via the formal dining room, living room and reading room on the main floor. Office / den is also on the main floor with French Doors, and faces the back yard with lots of natural light for great productivity. Beautiful hard wood floors with new finish on the main floor. Lots of private space in the 4 bedrooms and 5 full bathrooms. Primary bedroom has a bump out reading cove by bright windows, large master bath with whirlpool tub and walk in closet. Three (3) additional bedrooms with bathrooms connected to each. Rec room fun! A fully finished basement includes a large basement kitchen and full bathroom. The 9ft ceilings give a spacious feel with wide open rec room area, perfect for family/children together time. Plenty of storage space with shelves inside the basement utility room. Space for fitness and gear. Outdoor living is on the large deck for relaxing and grilling via natural gas access for your grill. Walkout access to the back yard is also via French Doors from the basement. Beautiful hot tub with built in deck around it. Welcoming neighborhood: This Cul-du-sac situated home brings a relaxing, quiet front yard. The 3-car garage brings a wide driveway with an in-ground basketball hoop. Community open area, gazebo and water features along walking paths. Schools are the excellent Neuqua Valley High School, Gregory Middle School and walking distance to Builta Elementary school. Shopping and night life are not far at the Naperville Riverwalk and Bolingbrook's Promenade Mall. O'Hare and Midway airports 45mins. Short distance access to highways and commuting. The Naperbrook Golf Course and Bolingbrook Golf course are 5-10mins drive. Rent my low rate mortgage and save ~$600-700/mo., compared to bank mortgages! Rent to Own this home. This home's innovative financial offer is ideal when your long-term goal is home ownership but are renting short-term in face of high current bank mortgage rates. Combining best of owning and renting - unique to this home: - It's like owning with low mortgage interest! - It's like renting while building equity! Compare to other rental homes that do not offer equity. Terms - Rent to Own in 3 yrs (negotiable duration) - 6.25% owner financed mortgage, fixed P&I payments keyed to 30yr, ability to pay off early / refinance - 20% down payment upon signing (as would be with bank mortgage) - Property Tax and Hazzard Insurance are pass through to leaser - Buyer/Owner share the 3yr property appreciation (assess home value 2x, at start and at end of 3yrs) - Real Estate contract with close date set 3yrs out plus Lease to bridge the 3yr period - Leaser/Buyer takes responsibility for maintenance and repairs (as would be with buying home up front) * Note: mortgage rate and equity split subject to market and buyer credit qualification at signing
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