77 Leonard Rd
Stafford, CT 06076
3 bedroom, 2 bathroom
$200,000.00
Stafford, CT 06076
3 bedroom, 2 bathroom
$200,000.00
What a doozy! Originally under contract on December 10th, 2022, we JUST closed on June 20th, 2023! What took so long you ask? Frozen pipes. Over the winter, the heating fuel ran out, the pipes froze and because the house was vacant, no one was around to see the water pouring in from the broken pipes causing extensive damage. My client was the buyer and loved the location enough to change gears from a traditional home purchase to a rehab purchase. The sales price was drastically reduced to account for the damage and she was able to use a rehab loan program where in addition to borrowing the money to purchase the house, you borrow additional funds to repair it. It's a longer process and you have to include contractors in the application. But it can be so worth it if you want to rehab a distressed property. Not only did my client get a great deal on the house, she will now have a brand new kitchen and bathroom that she was able to design herself! Her patience and persistence paid off... Dream house, here we come!
Maverick Realty, 74 Prospect Hill Rd Windsor, CT 06095, CT #REB.0793283, 860-978-5388, [email protected]
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