558 E Hidden Cove Ln, Lehi, UT 84043

$547,000
5
BD
3
BA
2,499
SqFt

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List Price
$547,000
Status
ACTIVE
MLS#
2188997
Days on Market
0
Foreclosure
Yes
Year Built
1999
Bedrooms
5
Bathrooms
3
Square Feet
2,499
Parcel Number
41-410-0203
Acres
0.19
Terms
Seller Finance
County
Utah
Region
Am Fork; Hlnd; Lehi; Saratog.
Subdivision
Hidden Cove

Property Description

Unique Seller Financing & House-Hacking Opportunity! Very rare opportunity with a contract for deed and the option to assume the loan once the buyer is ready. Terms: 2.75% interest rate | 25-year term | Approx. $2,830 monthly payment | Approx. $397,000 remaining balance. The property is currently pending foreclosure. Buyer to bring approximately $150,000 cash to close, including approximately $145,000 down payment plus $5,000 in closing costs. The $5,000 closing-cost allowance is intended to cover both the buyer's and seller's closing costs. Possession: Buyer will receive possession of the property 30 days after acceptance. Located in a desirable area of Lehi, Utah, with convenient access to I-15. The basement apartment is approximately 90% complete and is already generating approximately $1,000/month in rental income as-is. The property needs some TLC and is being sold as-is and only under the terms described above. Estimated ARV (After Repair Value): $560,000$575,000. Buyer to independently verify all property information, financing terms, rental income, potential ARV, foreclosure status, and possession terms.

Additional Information

Taxes
$2,338
Interior Features
Basement Apartment, Bath: Primary, Bath: Sep. Tub/Shower, Closet: Walk-In, French Doors, Mother-in-Law Apt., Range: Gas, Range/Oven: Free Stdng., Vaulted Ceilings
Basement
Partial
Floor
Carpet, Tile
Garage Spaces
2
Heating
Gas: Central
Roof
Asphalt
School District
Alpine
Elementary School
Sego Lily
Middle School
Lehi
High School
Lehi
Style
Tri/Multi-Level
Living Area
2,499

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Calculator source: Real Geeks

Listing courtesy of Equity Real Estate (Premier Elite).

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