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Keller Williams Realty
4222 Mayflower Dr, Lafayette, IN 47909
- $345,000
- 3
- BD
- 3
- BA
- 2,308
- SqFt
Listing courtesy of ANDIE PAXTON from F.C. Tucker/Shook.
- List Price
- $345,000
- Status
- ACTIVE
- MLS#
- 202630695
- Style
- Traditional
- Year Built
- 1991
- Days On Market
- Unknown
- Bedrooms
- 3
- Bathrooms
- 3
- Half-baths
- 1
- Living Area
- 2,308
- Township
- Wea
- Subdivision
- McCutcheon Heights
Property Description
HUGE BUYER INCENTIVE HERE!! This inviting property offers 3 bedrooms, 2.5 baths, brand new flooring on the main level and plenty of room to spread out! Beyond the home's charm, the seller is offering an incredible financing opportunity designed to keep money in your pocket. As detailed in the document "2-1 Buydown vs Price Reduction," you have a powerful alternative to a standard price reduction. Dropping the purchase price from $345,000 to $337,000 only saves you $55.25 per month. However, using the seller-provided funds for a 2-1 Buydown drastically lowers your initial monthly payments (based on a 5% down payment): Year One: Your interest rate is bought down by 2%, dropping your monthly principal and interest payment to just $1,931.90. This is a massive savings of $450.93 every single month! Year Two: Your rate is bought down by 1%, making your payment a highly manageable $2,152.35, which still saves you $230.48 each month. Year Three and Beyond: Your payment normalizes to the standard note rate payment of $2,382.83. A traditional price reduction would take a staggering 148 months to break even against the massive upfront savings provided by this 2-1 Buydown. Ready to make this home yours and take advantage of these unparalleled savings? Ask your lender if they offer a similar program and let the seller take care of the cost for you!
Additional Information
- Acres
- 0.32
- Taxes
- $1,763
- Hoa Fee
- $20
- Lot Features
- Level
- Water
- City
- Heating
- Natural Gas
- Cooling
- Central Air
- Appliances
- Disposal
- Flooring
- Carpet, Laminate
- School District
- Tippecanoe School Corp.
- Elementary School
- Mayflower Mill
- Middle School
- Southwestern
- High School
- Mc Cutcheon
- Agent Name
- ANDIE PAXTON
Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. 