Topeka Lot

Key Information
State: Illinois
County: Mason
Town: Topeka
Dimensions: 155.5' x 250' > This property has been surveyed!
Size: 0.89 acres
Price: $6,995
Financing Available: 0% down, $200/month (minimum), 10% interest UNDER CONTRACT!

If you have any questions about this property or would like to express interest in it, 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 large and grassy lot located in Topeka, Illinois. The property is actually comprised of 5 separate lots which means it is dividable down the road if you would want to sell off a lot or two!  This would be a great site for a home or business with plenty of room for the children to play and a large garden. The property was surveyed in October 2013, so the boundary lines are clearly marked!

Below is a web album with recent pictures we took of the property

Topeka Lot


The aerial image below was taken in May 2012 and shows the approximate boundaries of the property.

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.

Topeka Lot


Questions?  Ask them here:

Topeka Lot Questions