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Hillsdale 2

Key Information
State: Illinois
County: Rock Island
Town: Hillsdale
Size: 2 Acres
SALE PENDING - UNDER CONTRACT-FOR-DEED
Financing Available: 10% down, $300/month, 10% interest
Taxes: $301.68/year

If you have any questions about this property or would like to express interest in them, please fill out the incredibly easy to use form at the bottom of this page or email us at main@teraprom.com.

Summary
This is a fantastic 1.98 acre surveyed lot located in the small village of Hillsdale, IL in rural Rock Island County. This lot is dead flat, and would be an excellent investment property or place to build a home, cabin or to have a place to go camping from time to time. You could have a huge yard and build the garden of your dreams. The property adjoins agricultural acreage and is set in the beautiful Rock River valley. In the interest of full disclosure, the property is located in FEMA's 100-Year floodplain along with the entire town of Hillsdale. A local village administrator told us she has never seen it flood there as long as she has lived there. It's a gorgeous setting and has a ton of potential. One other nice thing about this lot is that it is set back away from the highway by a 14' wide driveway, which adds an additional element of seclusion. This property has it all. Seller financing is also available--see below!

A big selling point of this property is that it has been professionally surveyed and we have a plat of survey that we will deliver to the purchaser. The boundary lines are incredibly well marked with metal fence posts, as can be seen in the pictures, so there are no questions where your boundary lines are.

The property is sold as-is, and will be conveyed via a quitclaim deed. Utilities are available but not hooked up. The price shown is the price you pay. We don't nickel and dime you for document prep fees, recording fees, etc. We will pay all costs to prepare the deed and get it recorded. You are responsible for maintaining the property after you purchase it, including mowing it and paying the taxes. We do not have to ability to address detailed questions about the cost of improving the lot, zoning ordinances, etc. You will need to do your own research in this regard. Any other questions, just ask.

Hillsdale 2



Financing Terms
Unlike many sellers of real estate, we are willing to work with buyers to find a financing solution that is affordable and meets your needs. You can purchase this property one of two ways. The first is with a cash offer, either with cash from savings or from a bank loan. The second is to get financing from us in the form of a contract-for-deed, which is a form of seller financing that helps buyers avoid the difficult and costly process of going through a bank to obtain a mortgage loan. The minimum requirements for this type of arrangement is: 1) a 10% downpayment; 2) monthly payments of at least $300; and 3) interest of 10% per year on the balance of the loan. Paying more per month would reduce the length of the financing and there are no penalties for paying it down early. Once the last payment has been made, the deed will be transferred to the buyer. 

Note: Before entering a contract-for-deed, it is important to make sure that you can afford all of the payments until the financing is completely paid off. A default could result in loss of the property and any funds paid up to the time of default.

Below is an interactive Google map which shows the location of this property.

Hillsdale 2


Questions?  Ask them here:

Hillsdale 2 Lot Questions