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Vermont Lot

Key Information
State: Illinois
County: Fulton
Town: Vermont
Acres: 0.68 acres
Dimensions: 198 feet x 148.5 feet
Price: $3,995 - Priced to sell!
Financing Available: 15% down, $250/month (minimum), 7% interest
2014 Property Taxes: $136.22

Description
This is a nice 0.68 acre lot along West 3rd Street in the small town of Vermont, Illinois. This is a very large lot to find in town, just one-third of a mile from the town square yet in a quiet, semi-wooded location! The property has a relaxed scenic atmosphere and offers plenty of privacy given its size and layout. It would make a great home site or investment property.

The property is very unique in that it is one of the largest lots in the town and is also one of the most wooded. The property has access to utilities including electricity, natural gas, water and sewer. The property is downward sloping from north to south--a perfect setup for a walk-out basement. There is a small stream running through it at the bottom of the hill that cuts across the southern portion of the property.

If you have any questions, please submit them in the easy-to-use form at the bottom of this page or send us an email at main@teraprom.com. We would be happy to arrange a visit to show the property to you or answer any questions that you may have.


Pictures and maps

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 15% downpayment; 2) monthly payments of at least $250; and 3) interest of 7.0% 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 the property.

Vermont, Illinois


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