34237 N US Highway 550 #9 #9
Durango, CO 81301
2
Bedrooms
1
Bathrooms
788
Sq Ft
1973
Year Built
About This Property
Reduced to $297,000 with seller financing for qualified buyer. Like new 2 bedroom, 1 bath, Hermosa Hills condominium on the 3rd floor corner unit (top level is quiet with no noise above). The upstairs corner unit has been completely remodeled with new "life proof" vinyl flooring, paint, kitchen counters, tile back splash appliances, and trex deck with views overlooking the Animas Valley, open floor plan, and master bedroom with larger closet and two windows. The new stainless steel finished appliances include a dishwasher, refrigerator/freezer, smooth top electric range/oven, and recently replaced Hot Water Heater. The complex is "DOG FRIENDLY". There are two designated parking spaces plus guest parking, storage closet on the main level (combination code 4236), and on site common laundry room (combination code 4236. HOA Fee is $350.00 per month. Similar upgraded units rent for $1,600 to $1,800 per month plus the separately metered LPEA Electric. Seller financing terms for a qualified buyer at 6% interest, 30 year amortization, 10 year balloon.
Property Details
Property Type
Condominium
Year Built
1973
HOA
None
Listed Price
$297,000
Owner Financing Terms
Why Owner Financing?
- ✓ No bank qualifying
- ✓ Bad credit OK
- ✓ Fast closing
- ✓ Flexible terms
Free account - No credit card required
Frequently Asked Questions About Owner Financing in Durango
What is owner financing for 34237 N US Highway 550 #9 #9?
Owner financing means the seller of 34237 N US Highway 550 #9 #9 acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. This property in Durango, CO is available with owner financing terms.
Do I need good credit for owner financing?
No! One of the biggest advantages of owner financing is that you typically don't need to qualify through a bank. This makes it possible to buy a home even with bad credit, no credit history, or self-employment income that's hard to document.
How much is the down payment for this Durango home?
Down payment terms are negotiable. Sign up for free to get the specific financing details for this Durango property.