I have several contract for deed notes for sale. These agreements are mostly on newer homes that I built and I feel that they are fairly secure with minimal risk. They yield anywhere from 8 to 10% interest. If you are looking to invest at a higher rate of interest than normally offered by banks or other financial institutions, then this could be an option you might consider. Feel free to contact me if you have any questions.
|
601 West Elm St.
Altamont, IL
ASKING PRICE...($76,859.61) 01/01/11
CONTRACT FOR DEED
-4 BEDROOM
-1 BATH
-1,350 SQ. FT. ?
-CURRENT VALUE ($80,000.00)
-ORIGINAL BAL. ($80,000.00)
-DOWN PAYMT. ( $-0- )
-CURRENT..JAN 1ST, 2011....($76,859.61)
-MO. PAYMT. ($597.49)
-INTEREST RATE FIXED (8.5%)
-NOTE ORIGINATED....AUGUST 29, 2005
-BALLOON PAYMT........AUGUST 29, 2013
-OWNER OCCUPIED
COMMENTS:
Built in October of 1998. Excellent condition! No late payments. Husband and wife have full time jobs and keep their home spotless.
|
309 North 10th
Altamont, IL
ASKING PRICE....($66,216.84)...01/01/11
CONTRACT FOR DEED
-3 BEDROOM
-1 BATH
-1,020 SQ. FT.
-CURRENT VALUE ($80,000.00)
-ORIGINAL BALANCE. ($76,000.00)
-DOWN PAYMT. ($5,000.00)
-CURRENT...($66,216.84)....JAN, 2011
-MO. PAYMT. ($595.83)
-INTEREST RATE FIXED.....9%
-NOTE ORIGINATED.....DECEMBER 15TH, 2005
-BALLOON PAYMT......DECEMBER 15TH, 2010
-OWNER OCCUPIED
COMMENTS:
Built in November of 2005. Excellent condition. On time payments.
|
207 South Main
Altamont, IL
ASKING PRICE.........($65000.00).......01/01/11
CONTRACT FOR DEED
-3 BEDROOM
-1 BATH
-1,156 SQ.FT.
CURRENT VALUE ($68,000.00)
ORIGINAL BALANCE ($65,000.00)
DOWN PAYMENT......($3,000.00)
CURRENT.....JAN. 1ST, 2011........($65,000.00)
MO. PAYMT......($509.60)
INTEREST RATE.....FIXED......9%
NOTE ORIGINATED.....SEPTEMBER 16TH, 2011
BALLOON PAYMT........SEPTEMBER 16TH, 2016
OWNER OCCUPIED
COMMENTS:
Built in 1950. It has been fixed up with new roof. Good condition.
|
6 Corella Drive
Altamont, IL
ASKING PRICE........($75,000.00).....1/01/11
CONTRACT FOR DEED
-3 BEDRM
-1 BATH
-1200 SQ. FT.
-CURRENT VALUE....($88,000.00)
-ORIGINAL BALANCE....($75,000.00)
-DOWN PAYMT....($13,000.00)
-CURRENT.....01/01/11......($75,000.00)
-MO. PAYMT.....($532.70)
-INTEREST RATE FIXED.....8%
-NOTE ORIGINATED.......SEPTEMBER 2ND, 2011
-BALLOON PAYMT.....SEPTEMBER 2ND, 2016
-OWNER OCCUPIED
COMMENTS:
Built in 1970.......good condition. On time payments.
|
211 South Bond
Altamont, IL
ASKING PRICE.......($75,522.94)......01/01/2011
CONTRACT FOR DEED
-3 BEDROOM
-1 BATH
-1,020 SQ. FT.
-CURRENT VALUE ($82,000.00)
-ORIGINAL BALANCE ($77,000.00)
-DOWN PAYMENT......($5,000.00)
-CURRENT....JAN.1ST 2011.........($75,522.94)
-MO. PAYMT.....($538.47)
-INTEREST RATE.....FIXED.....9%
-NOTE ORIGINATED....OCTOBER 22ND , 2007
-BALLOON PAYMENT...OCTOBER 22ND, 2012
COMMENTS:
House is newer with established trees and a storage shed in the back.
|
107 South 4th
Altamont, IL
ASKING PRICE........($52,395.10).....1/01/11
CONTRACT FOR DEED
-3 BEDRM
-1 BATH
-CURRENT VALUE....($56,000.00)
-ORIGINAL BALANCE....($53,000.00)
-DOWN PAYMENT....($3,000.00)
-CURRENT.....01/01/11......($52,395.10)
-MO. PAYMT.....($415.52)
-INTEREST RATE FIXED.....9%
-NOTE ORIGINATED....JULY 1ST, 2008
-BALLOON PAYMENT.....JULY 1ST, 2013
-OWNER OCCUPIED
COMMENTS;
Very nice house with roomy back yard. Young couple.....Both have jobs.
|
503 North St. Clair
Altamont, IL
ASKING PRICE.......($16,373.17)......01/01/11
CONTRACT FOR DEED
-3 BEDRM
-1 BATH
-CURRENT VALUE ($17,000.00)
-ORIGINAL BALANCE ($17,000.00)
-DOWN PAYMENT........(-0-)
-CURRENT.......JAN. 1ST, 2011.......($16,373.17)
-MO. PAYMT.....($154.49)
-INTEREST RATE.....FIXED.....10%
-NOTE ORIGINATED....MAY 1ST, 2008
-BALLOON PAYMT.....MAY 1ST, 2013
-OWNER OCCUPIED
COMMENTS:
Buyers have remodeled the interior. This house is fully insulated, central air conditioning, forced air gas heat, new roof,..........just needs some cosmetics. Payments are cheap enough!!
|
2712 Empire Drive
Altamont, IL
ASKING PRICE.......($84,517.38)......01/01/11
CONTRACT FOR DEED
-3 BEDRM
-1 1/2 BATH
-1,156 SQ. FT.
-CURRENT VALUE ($85,000.00)
-ORIGINAL BALANCE ($85,000.00)
-DOWN PAYMENT......($ -0-)
-CURRENT......JAN. 1st, 2011....($84,517.38)
-MO. PAYMT.......($634.83)
-INTEREST RATE......FIXED......8.5%
-NOTE ORIGINATED.....OCT. 12TH, 2009
-BALLOON PAYMT.....OCT. 12TH, 2014
OWNER OCCUPIED
COMMENTS:
Built in 1995. Excellent condition. Married couple rented this house for a year before buying. Flawless payment history.
|
712 West Monroe
Altamont, IL
ASKING PRICE.......($59,386.87)...........01/01/11
CONTRACT FOR DEED
-3 BEDRM
-2 BATH
-2 CAR GARAGE
-CURRENT VALUE ($75,000.00)
-ORIGINAL BALANCE ($60,000.00)
-DOWN PAYMENT.......($5,000.00)
-CURRENT.......JAN. 1ST. 2011.....$59,386.87
-MO. PAYMT.......($470.40)
-INTEREST RATE......FIXED........9%
-NOTE ORIGINATED.....SEPTEMBER 22ND, 2008
-BALLOON PAYMT......SEPTEMBER 22ND, 2013
-OWNER OCCUPIED
COMMENTS:
Good condition, It's been fixed up! Quiet neighborhood
|
511 North Edwards
Altamont, IL
ASKING PRICE.......($65,699.35)........01/01/11
CONTRACT FOR DEED
-3 BEDROOM
-1 BATH
-CARPORT
-CURRENT VALUE ($72,000.00)
-ORIGINAL BALANCE ($67,000.00)
-DOWN PAYMENT.......($5,000.00)
-CURRENT.......JAN. 1ST, 2011.....($65,699.35)
-MO. PAYMT.......($525.28)
-INTEREST RATE.....FIXED.....9%
-NOTE ORIGINATED.......NOVEMBER 4TH, 2008
-BALLOON PAYMENT.....NOVEMBER 4TH, 2013
-OWNER OCCUPIED
COMMENTS:
Almost new, completely remodeled and updated.
|
105 South St. Clair
Altamont, IL
ASKING PRICE...$18,405.66 01/01/11
CONTRACT FOR DEED
-3 BEDROOM
-1 BATH
-CURRENT VALUE ($18,500.00)
-ORIGINAL BALANCE (18,500.00)
-DOWN PAYMENT ($-0-)
-CURRENT........JAN. 1ST, 2011......($18,405.66)
-MO. PAYMT.......($159.04)
-INTEREST RATE.....FIXED.....10%
-NOTE ORIGINATED.....JUNE 30, 2009
-BALLOON PAYMENT.....JUNE 30, 2014
-OWNER OCCUPIED
COMMENTS:
Young couple with a baby. Very happy! Not stressed financially.
|
205 Eat Wurl Lane
Altamont, IL
ASKING PRICE...($122,116.69) 01/01/11
CONTRACT FOR DEED
-3 BEDROOM
-2 BATH
-1512 SQ. FT.
-CURRENT VALUE (130,000.00)
-ORIGINAL BAL. ($123,000.00)
-DOWN PAYMENT ($5,000.00)
-CURRENT..JAN. 01, 2011....($122,116.69)
-MO. PAYMT. ($829.32)
-INTEREST RATE FIXED (7.5%)
-NOTE ORIGINATED....(OCT. 23RD, 2009)
-BALLOON PAYMT........(OCT. 23RD, 2014)
-OWNER OCCUPIED
COMMENTS:
Brand new house in a nice subdivision.
|
401 North 10th
Altamont, IL
ASKING PRICE...($51,000.00) 01/01/11
CONTRACT FOR DEED
-2 BEDROOM
-1 BATH
-780 SQ. FT.
-CURRENT VALUE ($55,000.00)
-ORIGINAL BAL. ($51,000.00)
-DOWN PAYMT. ($4,000.00)
-CURRENT..JAN 1ST, 2011....($51,000.00)
-MO. PAYMT. ($399.84)
-INTEREST RATE FIXED (9%)
-NOTE ORIGINATED....SEPTEMBER 15, 2011
-BALLOON PAYMT........SEPTEMBER 15, 2016
-OWNER OCCUPIED
COMMENTS:
Built in 2000. Excellent condition.
|