2615 Humboldt St, South Bend IN 46628

2615 Humboldt St, South Bend IN 46628

House Sold - South Bend IN

Sale Price: $49,900.00 — $15,000-$25,000 under Zillow.com or Realtor.com fair market value. Cosmetic remodeling needed; paint, carpet, flooring, and any other things you want to do to make this home suit your taste and your needs. The home is available as-is at this greatly reduced price and monthly payment (fair market rent for this home per Zillow.com is $1294 per month) if you are willing and able to do the work, manage the work, or hire it done. This is a great opportunity for you to gain a lot of equity in a home. Easy Qualifying, Low Down Payment programs available.

Terms: Lease/Option (Rent to Own) – $1500 to $2500 down and $675.00 per month (includes taxes & insurance).  Down payment assistance programs are available if you do not have the full $2500 down payment at this time. You will also build nice equity in this home with our 50% rent credit toward the purchase of this home in the first year…half of your $675.00 monthly payment is credited toward purchasing this home on our rent-to-own program.  After one year, the monthly rent credit is $150 per month.  This is a great way to save for a down payment toward purchasing this home to be used at a later date when applying for a mortgage loan to refinance out of the rent-to-own program.  You may take as long as you need to get into a position to qualify for a standard mortgage or FHA mortgage.    

Home Information: 3 Bedroom, 1 bath, 1.5 story home (1472 Sq ft) located in a nice, quiet neighborhood on South Bend’s far North West side, offered at a reduced price and monthly payment. The home has two bedrooms on the main level and one extra large bedroom on the upper level, aluminum siding, gas heat, a detached garage, and a basement. Three homes within blocks of this home that were rehabbed/remodeled sold in 2022 for over $100,000.  This is a great opportunity for someone who can manage the fix-up on this home.

Possible Land Contract available with $10,000.00 down and available to qualified buyers only. Discounts are available for cash buyers; contact us for details.