4K DREAM Victorian Era Starter Home!! Who says you can't afford an amazing home in a great location? 

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Hop on up on to that property ladder with this amazing starter home priced stunner! We LOVE some Victorian era historic homes around here, but usually we have one of two options: a fully rehabilitated beauty at TOP dollar, or an affordable cutie that's going to cost you time, blood, sweat, tears and money! This time we have found you a unicorn; a beautiful move in ready lady at a price that you won't believe! When the realtor told me the price I asked her to repeat herself...twice.
This house has everything (cue Stefan voiceover): unpainted woodwork, hardwood floors, high ceilings, stunning tile, tiger oak mantel, picture rail, eight foot pocket doors, and that thing where you can look from the front door through the house into the backyard. But seriously, going through this home we kept saying "the eastlake hardware in this house is worth the price by itself"!
Some of our favorite moments? BY far the 1925 newspaper lining the inside of the window-seat in the box-bay! Or maybe the perfectly coordinated paint colors with the original majolica tile? No wait... definitely the eight foot double doors into the hallway with those magnificent brass Eastlake doorknobs. Honestly, it's really all just amazing, has tons of space, great flow, and an alley entry with parking and a yard.
Let's get real and talk some numbers. Now remember, we aren't lenders or realtors and this shouldn't be taken as advice legal/financial or otherwise. Let's just talk numbers amongst friends. This home is priced at $279,000. It should qualify for an FHA loan, which means you'd need to have 3.5% down which is $9765.00 (remember the more you put down, the lower your payment). That would put your loan amount at $269,235.00. The average 30 year FHA rate (2/2024) is around 6.747%. That puts your principle and interest payment at $1746.00. Annual taxes are $3,830 adding another $319.00 to the payment, plus homeowner that will probably add an additional $200.00 plus PMI (not necessary if you put down more than 20% instead of the 3.5%) of approximately $112.18 and you have a total monthly payment of $2377.18. That means the household income to buy this house with an FHA loan needs be approx $65,000 (no other revolving or installment loans). The average household income in Little Rock, AR is just over $96,000. These estimated numbers put this house in a VERY sweet spot for you to buy your first home!
Someone PLEASE grab this lady before we are tempted!
ZILLOW: www.zillow.com...
Listed by: Kimberly Brumfield 228-327-5923
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