Seller's Agent in 2022
Michael Cerrito
Cerrito Realty, LLC
(301) 908-1039
22 in this area
77 Total Sales
Estimated Value: $468,000 - $549,000
Buyers only need to qualify for $356,000 to buy this $445,000 home! Yes, you read that right. Seller is providing ZERO INTEREST / ZERO MONTHLY PAYMENT / FORGIVABLE INCREMENTALLY OVER 15 YEARS 2nd trust for up to $89,000. ($356,000 + $89,000 = $445,000). This is not a gimmick, it's a once in a lifetime opportunity to own a $445,000 townhouse for the monthly cost of a $356,000 townhouse. And buyers can use whatever lender they want for the $356,000 first trust.
This beautiful townhouse is only 3 years old! Built in 2018, this home features a wide open living level with gorgeous laminate flooring, a brand new kitchen with all new appliances, a huge island, quartz countertops, a formal dining area, and access to a back deck. The upper level features three bedrooms and two full bathrooms, including a spacious primary suite with a full primary bathroom and a huge walk-in closet. On the lower level, you will find a rec room with access to the new back patio, a half bathroom, and an oversized 1-car garage with lots of storage space. Buyer(s) of this home must be first-time home buyers at or below 80% of the median area income and must complete HIP's homebuyer education program and one-on-one counseling with a HUD-certified counselor prior to settlement. Buyer(s) must qualify for a $356,000 mortgage loan. The seller, Housing Initiative Partnership, will provide an $89,000 2nd Deed of Trust to cover the difference between the contract price and the mortgage loan amount. The 2nd Deed of Trust has 0% interest, no monthly payments, and is 100% forgivable after living in the property for 15 years.
Last Agent to Sell the Property
(301) 908-1039 cerritorealty@verizon.net Cerrito Realty, LLC License #93119 Listed on: 12/09/2021
Co-Listed By
(301) 938-1592 andrewcerrito@cerritorealty.com Cerrito Realty, LLC License #676255
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Olarinde Kehinde F | $445,000 | Milestone Title | |
| Housing Initiative Partnership Inc | $382,089 | Milestone Title Llc | |
| Federal National Mortgage Association | $375,000 | None Available | |
| Colquitt Marquis R | $360,000 | First Excel Title Llc |
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Olarinde Kehinde F | $89,000 | |
| Open | Olarinde Kehinde F | $346,382 | |
| Previous Owner | Colquitt Marquis R | $349,200 |
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/11/2022 02/11/22 | Sold | $445,000 | 0.0% | $244 / Sq Ft | |
| 01/07/2022 01/07/22 | Pending | -- | -- | -- | |
| 12/09/2021 12/09/21 | For Sale | $445,000 | +16.5% | $244 / Sq Ft | |
| 08/27/2021 08/27/21 | Sold | $382,089 | 0.0% | $209 / Sq Ft | View Prior Sale |
| 07/12/2021 07/12/21 | Off Market | $382,089 | -- | -- | |
| 07/08/2021 07/08/21 | Pending | -- | -- | -- | |
| 07/08/2021 07/08/21 | For Sale | $382,089 | -- | $209 / Sq Ft |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,404 | $435,567 | -- | -- |
| 2024 | $6,404 | $405,533 | $0 | $0 |
| 2023 | $4,176 | $375,500 | $75,000 | $300,500 |
| 2022 | $5,549 | $348,067 | $0 | $0 |
| 2021 | $7,508 | $320,633 | $0 | $0 |
| 2020 | $4,734 | $293,200 | $75,000 | $218,200 |
| 2019 | $4,199 | $293,200 | $75,000 | $218,200 |
| 2018 | $4,378 | $293,200 | $75,000 | $218,200 |
| 2017 | $77 | $5,200 | $0 | $0 |
Seller's Agent in 2022
Michael Cerrito
Cerrito Realty, LLC
(301) 908-1039
22 in this area
77 Total Sales
Seller Co-Listing Agent in 2022
Andrew Cerrito
Cerrito Realty, LLC
(301) 938-1592
20 in this area
85 Total Sales
Buyer's Agent in 2022
Tommy Sowole
Delta Exclusive Realty, LLC
(202) 469-1360
2 in this area
114 Total Sales
Seller's Agent in 2021
Mike Lavin
Home Source Real Estate Solutions
(301) 938-2980
1 in this area
23 Total Sales
Source: Bright MLS
MLS Number: MDPG2019956
APN: 13-5580656