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Owner finance

$479,000

329 Payne Lane

Ignacio, CO 81137

Beds2
Baths3
Sq ft2,096
Year built2014
Rent estimate$3,374/mo
Listed by

Erika Simpson, Integrity Real Estate & Lending · (970) 946-0275

What the listing says

Two Homes for the price of One AND LaPlata Archuleta Water District to be in this fall. Seller to pay water tap fee of $6500 to the water district at closing. The SELLER WILL CONSIDER OWNER CARRY FINANCING. This property is ready for a new owner to make it their own! End of the road privacy with 360 degree views, only 1/2 mile of dirt road to pavement. Great central location only 6 minutes to the La Plata County Airport and 10 minutes to Durango, Bayfield, and in town Ignacio. This is a rare opportunity that allows one to live in the existing home while finishing the new construction. The existing home is a 1 bedroom, 1 full bath, and the kitchen has just been updated. This home is super cute and comfortable. Everything is there for comfortable living while finishing the new construction. The 1176sf new construction is all permitted, dried in...roof & all. It is at a point that one can finish the current plans or change the plans to their liking, plenty of room to add on! At the moment, it has 1 bedroom, 2 full baths, office, and deck in place to take in the views. Purchase price includes all building materials on site, permits, and surveys. The pasture is fenced, already split for horses with a coral. Carports are in place for shade and there is a dog run in the back. RV parking has power and black & gray water are fed into the septic tank. TERMS of the Seller Carry are as follows: 30% down and interest only payments at a rate of 6% to come due after 18 months. This gives the buyer time to finish the 2nd home on the property and then refinance to pay the Seller in full.

See the original listing ↗

This listing mentions owner financing. Terms are set by each seller and are negotiable. The description and numbers come from the listing and Zillow; confirm availability, the price and any financing with the seller or their agent.

Property Details

Property Type

Single Family

Lot Size

131,987 sq ft

HOA

None

More owner-financed homes near Ignacio

Questions about owner financing in Ignacio

What is owner financing for 329 Payne Lane?

Owner financing means the seller of 329 Payne Lane acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. The listing for this Ignacio, CO home mentions owner financing; confirm it with the seller.

Do I need good credit for owner financing?

There's no bank approval, but each seller sets their own requirements. Some check credit, income or references; others don't. Ask the seller or their agent what they need.

How much is the down payment for this Ignacio home?

There is no standard down payment. The seller of this Ignacio home sets their own, and it is negotiable. Ask the seller or their agent.

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