14 photos
$317,000
802 N Park Ave
Montrose, CO 81401
The owner (for sale by owner, no agent). Contact the owner through the original listing.
What the listing says
SELLER FINANCING IS AVAILABLE WITH JUST 10% DOWN AT 6% INTEREST AND CAN CLOSE IN 10-15 DAYS!!! Or, you can choose your own FAVORITE LENDER! This 1464sf home is a functional-fixer with tremendous potential! Move-in, get to work and cash-out within a year - or, just make it 'your home' for years to come! Large 40' X 145' (6300sf) lot with room to build a 2-car garage and/or an ADU for potential rental income! Recently removed 50 years of accumulated debris and demolished the 'unsightly' out-buildings and replaced with a wind-and-water-tight 20' X 8' shipping container to store equipment, materials and use as a workshop during renovations. Shipping container is NOT included in price. Price will increase as minor repairs and upgrades take place - so get it while it's still cheap! Slightly smaller house next door sold for $400K in 2024! $317,000 MINUS $31,700 DOWN PAYMENT $285,300 LOAN AMOUNT AT 6% INTEREST FOR 30 YEARS $1,710 MONTHLY... CHEAPER THAN RENT! SHOWN BY APPOINTMENT ONLY TO BUYERS WHO CAN PROVE THEY ALREADY HAVE THE DOWN PAYMENT OR HAVE ALREADY BEEN PRE-APPROVED BY THEIR LENDER.
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
6,300 sq ft
HOA
None
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Questions about owner financing in Montrose
What is owner financing for 802 N Park Ave?
Owner financing means the seller of 802 N Park Ave 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 Montrose, 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 Montrose home?
There is no standard down payment. The seller of this Montrose home sets their own, and it is negotiable. Ask the seller or their agent.