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Pontoosuc 8

Key Information
State: Illinois
County: Hancock
Town: Pontoosuc
Size: 8 acres total
SALE PENDING (Under Contract-for-deed)!
Financing Available: 10% down, $300/month, 10% interest
Taxes: $353/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
8 ACRE COUNTRY PROPERTY!!!!!
This property is less than a 1/2 mile from the Mississippi River!!! The bottomland forest is adjacent to a creek. This particular location would be excellent for hunting, fishing, camping and other outdoor recreation. It would also serve as a superb location for a home base for both hunters and Mississippi River fishermen! It will be a great secluded getaway location to get you out of the city! This large 8 acre tract of land is irregularly shaped, and may not be marked the best. Please feel free to come and check this property out off East 4th Street Pontoosuc, IL. There is some rubbish on this land that will come with the property. Please contact us if you are interested in this land! 


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 10.0% 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, similar to a mortgage loan.

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

Pontoosuc 8


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