2 Beds
1 Bath
761 SqFt
2 Beds
1 Bath
761 SqFt
Key Details
Property Type Townhouse
Sub Type Attached Dwelling
Listing Status Active
Purchase Type For Sale
Square Footage 761 sqft
Subdivision High Hollows
MLS Listing ID 9951180
Bedrooms 2
Full Baths 1
HOA Fees $384/mo
HOA Y/N true
Abv Grd Liv Area 761
Year Built 1973
Annual Tax Amount $549
Property Sub-Type Attached Dwelling
Source REcolorado
Property Description
LEASE WITH OPTION TO PURCHASE a.k.a RENT TO OWN 2 bedroom Condos!
$5000 Option Fee (Gives you the right to purchase the property at today's Sales Price $135,000 in 1 year's time). This Option fee converts to down payment on exercising your option. If you do not exercise your option within the time of the contract you will forfeit (ie. loose) this option fee. However, a 2nd year can be put in the contract at a 5% increase in Sales Price.
You Must Apply and be approved for standard rental. A refundable Security Deposit based on application will be charged (can be as much as 2x rent).
Each month you MUST pay your full rent (not paying will get you evicted and you will not be able to live in the unit; plus you will owe damages etc. However, legally you could still buy the unit per the separate option contract.)
Each month you can choose to pay an additional amount towards your purchase. These extra funds would be Earnest Money and held in a separate Escrow account from your security deposit.
Location
State CO
County Arapahoe
Area Metro Denver
Rooms
Primary Bedroom Level Main
Bedroom 2 Main
Interior
Heating Forced Air
Cooling Central Air
Exterior
Garage Spaces 1.0
Roof Type Other
Building
Story 3
Sewer City Sewer, Public Sewer
Water City Water
Level or Stories Three Or More
New Construction false
Schools
Elementary Schools Highline Community
Middle Schools Prairie
High Schools Overland
School District Cherry Creek 5
Others
Senior Community false
SqFt Source Assessor
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "