2224 Alexander Blvd, Murfreesboro, TN 37130

4 Beds / 2.5 Baths / 2,827 sqft / Year 2005 / .3 acre lot / No HOA

Summary

Charming brick home in a highly sought-after neighborhood. Enjoy the elegance of hardwood floors throughout, with cozy carpet in the bonus room. This open-concept layout boasts a spacious primary suite on the main level with walk-in closets and a luxurious jetted tub in the master suite. Move-in ready, this home is waiting for you to make it yours!

House Updates

• Fenced Backyard

• New Water Heater

• Fully Encapsulated Crawlspace

• New HVAC System

• Brand-New Duct and Vent System

Details:

Assumed Loan Balance: $474,290

Interest Rate 3.75 % … Monthly Payment $2,685

Purchase Price: $525,000

FMV (Market Value): $590,000

Loan must be assumed to an individual for Primary Residence Purpose Only!

Entry Fee: $65,000

Upon Signing:

$2K EMD + $5K Assignment Fee + $8,230 Forbearance Balance

Forbearance Balance Story:

In order for the bank to assume this VA loan, a balance of $8,230 that the seller owes must be paid first to start the loan assumption process not at closing. Per the contract, if for any reason the loan process doesn’t go thru, a lien of 15K will be placed on the property.

Deal Advantages & Equity Options:

Buying it this way means that you will already going to be walking in with existing equity!

So, after you buy it, if you’d like to get equity back, here are a couple of options:

Option 1: Apply for a Second Mortgage

Option 2: Apply for a HELOC, Home Equity Line of Credit