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Rock Island Corner Lot

PRICED TO SELL


Key Information
State: Illinois
County: Rock Island
Town: Rock Island
Size: 44' x 120'
Price: $3,500
Financing Available: 5% down, $250/month, 10% interest
Taxes: $123.20/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
The possibilities are endless. Here is a great, clean lot in the heart of Rock Island leaving a blank canvas to the new owner. Great street access and the bus runs and stops right at the corner. You may be looking for a nice large lot to plant your garden this spring??? Look no further. 

Here is a overhead view of the Rock Island lot. 

Rock Island Corner Lot


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 5% downpayment; 2) monthly payments of at least $250; 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.

Rock Island Corner Lot


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