Home for Sale 696 Northfield Road, Bedford Oh, 44146
$89,900: est. house payment of $600/month
Seller: Henry de Groh of Renaissance Real Estate 216 433-2788 day 330 278-2240 evenings 330 606-9503 cell
3 bedrooms, 1 bathroom, about 960 sq.ft. Living space, not including breezeway or basement.
Kitchen: Very nicely laid out, with long counter top, nice dining area, brand new cook top, built-in oven & broiler, new faucet and disposal, lots of beautiful wood cabinets, w/ pantry and broom closet; floor looks new.
Living room: wood burning fireplace and just refinished hardwood flooring. Bath: nice linen closet, vanity with draws and storage, new light fixture, shower head, and door; floor looks new.
3 Bedrooms: Newer carpet in all bed rooms, just professionally cleaned.
Basement: dry, half 11' x 35' utility room, other half finished into a huge 11' x 30' rec-room, w/ built in refrigerator; glass-block windows.
Garage: Attached 2 car w/ opener and sunny breezeway.
Yard: well maintained and a lot bigger than most in Bedford.
Brand new 35 year roof, all old shingles removed, with added roof ventilation and new gutters, all double pane windows; and A/C; Furnace tuned-up in 2009. Everything works in this house; it's in move in condition. All rooms are freshly painted, trim, doors, doorknobs and locks are new or refurbished. There are no Point of Sale violations, I have taken care of all of these; I have the certificate indicating the house meets POS requirements. Taxes are uniquely low for this house, I just won a revalue case with the county lowering the taxes to about $1,326/year, thereby lowering monthly payments by about $65/month. Appraisal data for 696 Northfield Rd. Below is shown the selling price of similar homes Bedford:
Selling price: address, bed/bath, sq.ft, sale date
$125,000: 696 Northfield Rd. 3/1, 960 4/2005
$87,654: 694 High St. 3/1, 1,050 9/2008
$110,000: 847 McKinley Ave. 3/1, 1,036 9/2008
$82,750: 754 Northfield Rd. 3/1, 1,131 8/2008
$85,000: 784 McKinley Ave. 3/1, 1,134 6/2009
$106,000: 361 Avery Ave. 3/1, 1,179 6/2009
$90,000: 549 Northfield Rd. 3/1, 912 3/2009
$93,100: 711 Wellmon St.2/1, 802 11/2009
$89,900: 465 Taft Ave. 3/1.5 1,022 12/2009
$98,964: 87 Talbot Dr. 2/2 1,149 9/2009
$110,000: 72 Ellenwood Av 3/1.5, 1,092 9/2009
$90,000: 303 Marion Dr. 3/1, 1,156 6/2010
$85,250: 188 Willard Ave. 3/1, 1,053 4/2010
The Average selling price of like homes, including the last sale of 696 Northfield is: $96,432. In Bedford, there are basically two types of homes for sale: 1) ones with expensive Point of Sale (POS) inspection violations and 2) homes without expensive POS violations. The above estimate omits homes with expensive POS violations. I encourage you to drive by these houses listed above. When you buy a house you should feel confident you are paying a fair price. Housing prices and interest rates have bottomed out; there has never been a better time to buy a house in Bedford.
I have used Yahoo's Mortgage Rate calculator to give you some estimates of monthly payments: Case 1: $596/month (5% interest rate, $89,900 purchase price, with 10% down for a mortgage of $80,910, including $600/year insurance, $1,330/year in taxes); or Case 2: $627/month assuming FHA financing at 5% with 3.5% down payment, 0 points: (5% interest, $89,900 purchase with 3.5% down, thus $86,754 mortgage, includes $600/year insurance, $1,330/year taxes).
The house is not listed with a Realtor, but don't let that concern you, all you need to buy a house is a title company, a bank, and a buyer and a seller. I will recommend the title company I used to purchase this house, which will save us some of the title costs. If interested in buying this house, here are the steps to do so:
1)Tell me you want to make an offer and we fill out a purchase agreement.
2)Assuming I accept your offer- You apply for the needed loan at a bank. Here are some local banks, all in Bedford: US Bank: 680 Broadway Ave. Bedford, 440 232-2562. US Bank Home Mortgages: 17500 Rockside Rd. 216 475-8707 National City Bank is now PNC: 10 West Grace St. 440 439-5353, contact Debbie Gross at 216 231-3650 who will meet you at the Bedford Branch. Charter One Bank: 435 Broadway Ave. 440 786-2615.
3)The bank will likely ask if you have a title agent. I recommend the title company I used to purchase this house; this will make the title and escrow process less expensive for us. Resourcetitle agency Inc., 7100 E. Pleasant Valley Rd. Suite 100, Independence OH 44131; Doreen Mullen, 216 525-8811, firstname.lastname@example.org
4)That's about it, provided your loan application is approved. The bank and title agency take care of most of the rest. The title company calls us when they have the paperwork ready to sign, and I give you the keys.
For Sale By Owner Home Prices for Bedford, Ohio 44146