Houses that I'm looking at in Holt
	MI, 48842
	June 21th, 2006
	House #1 1895 Walnut This house is nice but it's next door to a factory. I think it's overpriced. 3 bedroom, 2 car garage, wood burning fireplace, no basement. Built in 1952, 1,166 SqFt $124,900 SEV = $92,000 20% off asking price = $99,920 10% off asking price = $112,410 House #2 1874 Walnut This house is nice but it's across the street from a factory. 2 bedroom, carport, small basement, central air. Built in 1938 1,136 SqFt $109,900 SEV = $107,400 20% off asking price = $87,920 10% off asking price = $98,910 Loan Estimate from Mortgage company #1. $90,000 purchase Split loan (80/20 to avoid PMI mortgage insurance) 1st loan = $72,000 30-yr fixed @ 6.625% = $461.02/mo Princ. and int. Taxes & Insurance = $100.00/mo (Estimate) Total 1st payment = $561.02/mo 2nd loan = $18,000 20-yr fixed @ 8.49% = $156.09/mo Princ. and int. Total of both payments and Taxes and Insurance = $717.11/mo *Rule of thumb is per $5,000 in purchase price difference your payment will go up or down by $33.00/mo So: $80,000 = $651/month $85,000 = $684/month $90,000 = $717/month $95,000 = $750/month $100,000 = $783/month As of June 16, 2006: $95,000 1st loan = $76,000 @ 6.75% (30-yr fixed) = $492.93/mo Principal and INterest 2nd loan = $19,000 @ 8.99% (30-yr fixed) = $152.74/mo Principal and Interest *Add for taxes and insurance $645.67 $100.00 $745.67 $90,000 1st loan = $72,000 @ 6.75% (30-yr fixed) = $466.99/mo Principal and INterest 2nd loan = $18,000 @ 8.99% (30-yr fixed) = $144.70/mo Principal and Interest *Add for taxes and insurance $611.69 $100.00 $711.69 Here's the factory: House #3 This house is right next door to my apartment. It's owned by a little old lady who only drove it on Sunday's. She's lived in it since it was built in 1959. news: It looks like the little old lady is not ready to move anytime soon. 2270 Park Lane SEV = $99,200 3 bedrooms, 1000 sq feet, full basement, nice yard. House #4 This one is very nice inside. It's been re-modeled recently. New furnace. No basement but it has a 2 car garage. 3 bedrooms, but one is in the attic. It has a big yard. 2186 Coolridge $109,900 20% off asking price = $87,920 10% off asking price = $98,910 SEV = $101,800 3 bedrooms, garage, 960 sq feet Houses that I looked at but don't think I'll consider. Park Lane Duplex Very nice duplex. Side by side layout. Full basement. 2 car garage. Overpriced. If it comes down in price, it might be worth it. 1970's style kitchen and light fixtures. Needs some paint but not much else. Smells normal. (Update - Apr 28, 2006) I talked to the tennant the other day, and he told me about all of the problems about this place. Now I don't think it is such a good deal. Leaky garage, clogged drains, old windows, cracked kitchen floor, carpenter ant issues, on and on. 2305 Park Lane $183,900 2 units, $715 rent, 3 bedrooms, 1300 sq feet/unit Very small, only one bedroom. It's in the attic. It smells real bad. It has a cellar with very low ceilings. But it has a very nice new 2 car garage. The backyard has big tire tracks gouged into it. Dirt driveway. This is the kind of place I can afford. 2076 Thorburn $88,000 1 bedrooms, 600 sq feet Cute little troll house. no garage or basement or attic. nice yard though. 2213 Coolridge $103,900 20% off asking price = $83,120 10% off asking price = $93,510 2 bedrooms, 936 sq feet Nice, but it smells like dog. nice yard and basement. I'm not too thrilled with the neighborhood. 2212 Meadowlawn $119,900 3 bedrooms, basement, 1008 sq feet SOLD for ~$174,900 2299 North Vernon $174,900 2 units, $825 rent/unit 3 bedrooms, basement, 1152 sq feet/unit I didn't like this one 2535 Kate $135,000 2 units, $500/$565 rent 2 bedrooms, 1032 sq feet/unit I didn't like this one either 1913 Hall $159,900 2 units, $700/$600 rent 3 bedrooms, 1056 sq feet/unit I think this one is too small 2168 Park Lane $119,900 2 units, $535 rent/unit 2 bedrooms, 700 sq feet/unit I live here 2260 Park Lane not for sale 4 units, $660 rent/unit 3 bedrooms, 1152 sq feet/unit The moon not for sale 6 units, $660,500,000 rent/unit 1 bedrooms, 15 sq feet/unit {I took this picture with my new Questar 3 1/2 inch telescope tonight. (April 3rd, 2006) The telescope IS for sale!} Atco Raceway, 1966 or 2006? Page last updated: June 6th 2006 Page created by John French