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Posted: Wednesday, June 14, 2017 3:13 PM

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5,000sf located on 1 acre and is priced to sell! Only $119,000!
***** Owner Financing is Available! *****
Call For More Details (903) 392-7034

A unique opportunity to convert this former commercial building into a luxury home, mansion, bed and breakfast or country villa. Plenty of open space for you to create the life or home-based business that you desire. Located on State Highway 110N just 1 mile outside the city limits of New Summerfield in Cherokee County Texas. A quick and easy drive to Tyler, Jacksonville or Henderson. Property can be seen in the ANRA Lake Columbia Parcel Map and is projected to be about 1 mile from the future lake! Has central AC and heat, both work great. Structure needs repairs to the roof and ceiling. Recent roof repair estimate was quoted at $1,375 including a one-year warranty. This is not a move-in-ready home, but is a finish-out/rehab property and is offered AS IS.

- 10 miles to Jacksonville
- 12 miles to Troup
- 20 miles to Whitehouse
- 21 miles to Henderson
- 22 miles to Bullard
- 25 miles to Tyler
- 50 miles to Longview
- 100 miles to Shreveport
- 125 miles to Dallas
- 175 miles to Houston
- 200 miles to Austin
- 275 miles to San Antonio

BUYER INCENTIVE: Seller will give Buyer escrow repair credit totaling 50% of down payment!*

*Escrow repair credit not to exceed $20,000. Offer applicable only to owner financing.

Owner Financing Options: (Estimated principle and interest payments)
Sale Price: $119,000 w/ $15,000 cash down (amount financed = $114,000)
Monthly Payment: $1,085 per month. Seller pays $7,500 for improvements!

Sale Price: $119,000 w/ $20,000 cash down (amount financed = $109,000)
Monthly Payment: $955 per month. Seller pays $10,000 for improvements!

Sale Price: $119,000 w/ $25,000 cash down (amount financed = $104,000)
Monthly Payment: $910 per month. Seller pays $12,500 for improvements!

- 30 year fixed rate with no prepayment penalty
- Total approximate buyer closing costs = $950
- Title policy is OPTIONAL (at buyers expense, approx $875)
- Property taxes = approximately $110 per month
- Homeowners insurance is required. Buyer to pre-pay 1st year
insurance at closing, then paid monthly via escrow thereafter.

Call for more details (903) 392-7034
No Credit? Bad Credit? No Problem!

Agent and/or prospective buyers are to cross fence or enter property at their own risk, and by appointment only. Buyer is responsible for verifying accuracy of all details in this listing. Terms and conditions are subject to change at any time and without prior notice unless secured by earnest money agreement. This is a for sale by owner property and is offered AS IS.

• Location: New Summerfield, Tyler

• Post ID: 55427723 tyler
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