OPEN HOUSE Sunday 10-27-19 at 4 (Please be on time or call, as I'll be gone at 4:15 unless I'm still showing it to someone else, Thanks, Paul). Rent to own a mini-farm: 3 Bdrm, 2 Bath, Central heat and air home, all on 10 acres with 1.5 acre fenced just 6 minutes from Springfield. This choice homestead is perfect for those who love country living and privacy but also want to be close to Springfield (near FF and Republic road)! Freshly painted and New Carpet! You can feed any farm animals you would enjoy (horses, cattle, goats, sheep, calves, large dogs, etc.), from the deck of the home, as the attached 1.5 fenced acres allows a pleasant downhill view of your kingdom! Beautiful sunsets. The Spacious Master Bedroom with a large double sink bath, garden tub and separate shower, makes for happy living. There are 4,000 feet of walking trails throughout your forest hill-side (that could be expanded into bike or 4-wheeler trails). The pasture and the 25 X 43 foot garden allow you grow your own food! It is a prepper's paradise. Great investment / building potential: although you have the ultimate in secluded privacy, the area has expensive homes (a multi million $ home was just built 2 blocks away). Financial overview: 1. Rent to Own Option = $259,000: $1,000 / mo with $10,000 down with an (escapable!) lease with a purchase option which reduces $500 with each month's rent, leaving a balance of $259,000 at the end of 3 years, REGARDLESS OF INFLATION! Plus, this is equal to less than 4% interest during those 3 years (see details below), AND I'm paying the taxes and insurance until you buy it. 2. Buy It Now Price = $249,000 3. Owner Finance = 20% down 3 year owner finance at 5% interest based on a 30 year mortgage; $1,069/mo (I pay taxes and insurance if the deed stays in my name during the time of owner financing, approximately $160 more per mo (for taxes & insurance) if we put the deed in your name). Call or text my cell phone (Paul Brock) for more information and a showing appointment (I'm not good about checking my e-mail); or just show up at the open house. PLEASE WEAR SHOES (not just sandals or flip-flops) and long pants, SO YOU CAN WALK THE TRAILS THROUGH THE WOODS! (It will feel like you're in the forests of Costa Rica!) Thanks! Features: Deer and Turkey right outside your living room window. Although close to Springfield, it is in the county, NOT the city . 3 bedroom 2 bath central heat and air with city water. 1.5 acre pasture for your favorite animals + a separate area for chickens. Bonfire party area. An additional open field area for equipment or visiting RVs dry camping, or make an RV hook up for an inexpensive second home for family members or rental. Many opportunities to make money (see below). Fantastic Location: 6 min to Spgfld; 10 min to Orschelns, Wal-Mart Super Center, & Lowes; Multi-Million $ Senior Township 1 mile away along with infrastructure designed for Menard's, etc.; New 4 lane extension of Republic Road. Easy access to Springfield s bypass, Hwy 160. 10' x 20' shop/storage shed with electricity. 7.5' x 10' metal shed and an in-ground storm shelter. 25' x 43' garden. Self-Build a house on another part of the land. You'll probably think of more ideas once you've seen it! Lease Purchase Details: Our goal is to divide between us the enormous profit a realtor and bank takes, giving you a prime 10 acres, and giving my wife and I some income during retirement. We are committing ourselves to give you up to 3 years (possibly longer) to complete the purchase so it will allow you plenty of time to organize your finances, but You can escape the lease with 2 months extra rent. Rent to Own Option: $10,000 at signing (first month's rent of $1000 + re-fundable deposit of $2000 + purchase option fee of $7000). The entire $10,000, plus $300 of each month's rent, goes toward paying down the purchase price during the 3 years of the lease. So at the end of month 60 the purchase price would be $259,000. To take into account some of the inflation and my owner financing it during the next 3 years, the lease purchase starting price is $287,000 (($287,000 - $10,000 - $18,000 ($300/month x 60 months) = $259,000)). We want you to have increasing motivation to complete your purchase, while giving us some income during retirement. An additional advantage to you is that during the lease I pay the home's insurance and taxes. You can exercise your option to purchase at anytime during the lease, but you can get out of the lease at any time with just 2 months extra rent. Your main advantage (besides land in this fantastic location) is that you lock in the reducing purchase price regardless of inflation! If you've had credit issues this gives you time to recover while knowing you have the right to ownership and you're not just throwing away rent money. COMPARABLES: There are 5 acre lots right across the street from the SE corner of this Homestead, that are $184,900 EACH; they have a beautiful entry way and paved drive, BUT instead of owning a 10 acre Farm and an entire hillside, with the ultimate in nature surrounded privacy, you would just have a large yard in a subdivision; and have to build your house. AND, unlike our 10 acres, you would have to put in a SEPTIC ($5,000 - $15,000, depending on house size and perk test; while our septic is grandfathered in ), and OUT BUILDINGS and FENCING ($20,000 ??). YOUR FINANCIAL ADVANTAGE: To both our advantages, we are basically dividing up the enormous profit a bank and realtor takes. I am flexible on terms (i.e. more down, lower price, etc.), so let's work together to not let the banks and realtors take a huge chunk of our money! We don't care much about your credit rating (we are upset about the recession and what it has done to so many good people). But we must have evidence of good income and the $10,000 to sign the contract (we want someone serious about owning, not just renting). Although, if it's to both our advantage, we may choose to extend the lease purchase option in 5 years, we don't want to commit to longer - because we are old . This leaves us free to be retired, while giving you the many options to make money with this land. For example: If someone knocks on your door offering you a $100,000 more so they can build a million $ home, you get the profit! Self-build an additional new home on another section of the land (there is already a city water hook up available, even though it s in the county). Raise your own healthy food, &/or sell it at a Farmers' Market. Rent out the pasture to horse owners. OR just enjoy living on this beautiful secluded land while it continues to go up in value. With Springfield's rapid expansion, it s possible this land may greatly increase in value. We know of a couple whose 10 acre farm became surrounded by Austin, and they sold for 9 million! As Springfield is a more stable market we don t anticipate that, but we could see it easily doubling in value. If we were young, we would be hanging on to it. Call me if you have any questions, or would like to view the property. Or just show up at the Open House Sunday AT 4:00, 10-27-19. Thanks, Paul Brock. Please see 'Rent to Own' option requirements in the description below.
Off market
Price Unknown
4539 W Farm Road 174, Brookline, MO 65619
3beds
2baths
1,600sqft
SingleFamily
Built in ----
-- sqft lot
$-- Zestimate®
$--/sqft
$1,741 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating
- Forced air
Cooling
- Other
Appliances
- Included: Dryer, Washer
- Laundry: In Unit
Features
- Flooring: Hardwood
Interior area
- Total interior livable area: 1,600 sqft
Property
Parking
- Parking features: Off-street
Construction
Type & style
- Home type: SingleFamily
Community & neighborhood
Location
- Region: Brookline
Other
Other facts
- Balcony
- Cats Allowed
- Cooling System: Air Conditioning
- Home on 10 acres near Springfield
- Large Dogs Allowed
- Laundry: In Unit
- Small Dogs Allowed