H.U.D. Home. ReList: 9.11.2019. Bid deadline: Daily by 11:59 PM Central Time until sold. Year Built: 1955, Lot Size: 6,250.00. 2 Bedrooms, 1 Baths. Interior Square Feet: 672, LBP, as per appraiser. (IE) Insured w/ Escrow Repairs. Eligible for FHA 203K. Finance Terms: FHA, Cash, and Conv. Sold "AS IS" by elec. bid only. *************************************************** Tremendous potential awaits inside this single detached Rancher, tucked neatly away on a quiet street in the shadows of a thriving shopping center. One level living with a huge unfinished basement that is longing for additional life and comfort. Inside you will find two bedrooms, and a shared bathroom, with a living room that adjoins the kitchen area, and a three-sided sun porch for excellent street views and comfort. This HUD home is being listed at a steep discount below the assessed value, so instant equity awaits the lucky buyer. Please contact your favorite realtor and make your appointment today! ******************************************************* Disclosures: Property is NOT located in a FEMA Special Flood Hazard Area but is listed as a moderate to low flood risk. Please refer to www.floodtools.com for additional information regarding flood zones and insurance, State law requires Smoke/ Carbon Monoxide detectors be installed for properties having combustible fuel heaters/furnaces, fireplaces, hot water heaters, clothes dryers, cooking appliances, or an attached garage, but seller (HUD) is exempt from this requirement as a Federal Entity. ******************************************** Repairs: Plumbing does not hold pressure and has a damaged sink, Inspect and repair roof since one bedroom ceiling has mold-like substance, Remediated the mold-like substance on a bedroom ceiling, Flooding noted in basement; structural inspection and repair if necessary, Peeling paint noted on exterior steps, trim, and door and on interior walls, Repair floor covering where subfloor is exposed. ****************************************** For all bids accepted on or after October 1, 2016, the following incentives are available on properties within the Philadelphia HOC region (3P states): Buyers: $100 down payment on HUD Homes financed with FHA-insured financing Agents: Real estate selling agents (agent for buyer) get $500 for every HUD Home purchased with an FHA Rehab 203(k) loan. HUD homes being purchased with FHA financing may currently be available for HUDs $100.00 down payment program. To be able to take advantage of this great program, purchasers must be Owner Occupants and use FHA financing to purchase HUD eligible $100 down properties. $100.00 Down Payment is a Limited time opportunity, and buyers must choose their own lenders. (Normal down payments for FHA home loan is 3.5%). The main reason HUD offers the $100 down payment program is to sell HUD foreclosed homes fast and to also to get owner-occupants into these homes. See attached addendum & Disclosures. For additional information contact the agent of your choice.