Thursday, March 21, 2019

6923 S Knoxville Avenue Tulsa, OK 74136

Property Site: http://tour.circlepix.com/home/5W482F/6923-S-Knoxville-Avenue-Tulsa-OK-1909919
Large Traditional home on quite cul de sac w/brick exterior/2 Full/2 Half Baths/2 Car. En Suite Master has lovely Vaulted ceiling/walk-in closest. Office down, an ideal nursery/5th bedroom. 3 spacious Bedrooms up w/double attic storage. Formal Living /Dining & Expansive Den w/Fireplace and buit-in shelving/cabinets. Double Oven Kitchen. Near 1/3 acre park like lot. Large Backyard Deck, partially covered. Oversize Garage w/storage Cabinets. Neighborhood pool/park/gazebo. New Trane HVAC 2018 10+Yr Warranty
Bedrooms: 4
Bathrooms: 4
Square feet: 2,750
Price: $259,900

For more information about this property, please contact Mark Youngblood at (918) 810-4527 or youngblood@cctulsa.com. You can also text 5503950 to 67299 (Message and Data Rates May Apply, see terms and privacy policy).


See more listings at: www.TulseyTownHomes.com


MLS ID: 1909919

https://www.facebook.com/TulseyTownHomes/ https://twitter.com/MYoungbloodRE https://www.youtube.com/user/TulseyTownHomes

Tuesday, March 12, 2019

Arrowhead Drive Sand Springs, OK 74063

Property Site: http://tour.circlepix.com/home/QFNT4F/Arrowhead-Drive-Sand-Springs-OK-1908943
BEAUTIFUL ACREAGE COMBINED TOTAL OF 25-M/L. LAKEVIEWS
Bathrooms: 0.00
Price: $270,000

For more information about this property, please contact Mark Youngblood at (918) 810-4527 or youngblood@cctulsa.com. You can also text 5490489 to 67299 (Message and Data Rates May Apply, see terms and privacy policy).


See more listings at: www.TulseyTownHomes.com


MLS ID: 1908943

https://www.facebook.com/TulseyTownHomes/ https://twitter.com/MYoungbloodRE https://www.youtube.com/user/TulseyTownHomes

Thursday, March 7, 2019

3111 S Gary Court Tulsa, OK 74105

Property Site: http://tour.circlepix.com/home/QB752S/3111-S-Gary-Court-Tulsa-OK-1907309
Brick Home on 1/2 Acre. Main Home 2 Bedrooms 3 baths. Separate Quarters with 1 Bedroom, Kitchen and Full Bath. Encircled by Wrought Iron Fence. 2 Car Garage with two entrances. Selling As-Is, Where-Is.
Bedrooms: 3
Bathrooms: 4
Square feet: 2,665
Price: $380,000

For more information about this property, please contact Mark Youngblood at (918) 810-4527 or youngblood@cctulsa.com. You can also text 5483448 to 67299 (Message and Data Rates May Apply, see terms and privacy policy).


See more listings at: www.TulseyTownHomes.com


MLS ID: 1907309

https://www.facebook.com/TulseyTownHomes/ https://twitter.com/MYoungbloodRE https://www.youtube.com/user/TulseyTownHomes

Thursday, February 28, 2019

9120 E 87th Place Tulsa, OK 74133

Property Site: http://tour.circlepix.com/home/J5WDV7/9120-E-87th-Place-Tulsa-OK-1907350
Flexible two-story home in convenient Shadow Ridge Estates. 4 Bedrooms carpeted, 2 Full Baths, 2 Car Garage. Enter Gorgeous wood laminate floors of Large Great Room w/20+ foot ceiling. Gas Log Brick Fireplace & Wood Mantel. Spiral staircase, upstairs landing. Formal Dining w/ Bay Window off New Granite Kitchen, refreshed ceiling, built-in spice Pantry. Large Game Room up w/closet, possible 5th bedroom. Master Downstairs, adjacent bath, spa tub. Florida sunroom w/2nd fireplace & ceramic tile. 2 Zones HVAC.
Bedrooms: 4
Bathrooms: 2
Square feet: 2,212
Price: $194,900

For more information about this property, please contact Mark Youngblood at (918) 810-4527 or youngblood@cctulsa.com. You can also text 5472058 to 67299 (Message and Data Rates May Apply, see terms and privacy policy).


See more listings at: www.TulseyTownHomes.com


MLS ID: 1907350

https://www.facebook.com/TulseyTownHomes/ https://twitter.com/MYoungbloodRE https://www.youtube.com/user/TulseyTownHomes

Friday, January 18, 2019

1102 N 305th East Avenue Catoosa, OK 74015

Property Site: http://tour.circlepix.com/home/WB72JK/1102-N-305th-East-Avenue-Catoosa-OK-1902372
Iconic Home Designed by Architect Cecil Stanfield in shape of a Fishing Reel. With 5 bedrooms, the focal point & swimming pool with a 25ft overhead dome, surrounded by a 15ft wide circular hallway.
Bedrooms: 5
Bathrooms: 7
Square feet: 12,620
Price: $5,000,000

For more information about this property, please contact Mark Youngblood at (918) 810-4527 or youngblood@cctulsa.com. You can also text 5418462 to 67299 (Message and Data Rates May Apply, see terms and privacy policy).


See more listings at: www.TulseyTownHomes.com


MLS ID: 1902372

https://www.facebook.com/TulseyTownHomes/ https://twitter.com/MYoungbloodRE https://www.youtube.com/user/TulseyTownHomes

Saturday, January 5, 2019

10615 S 90th East Court Tulsa, OK 74133

Property Site: http://tour.circlepix.com/home/ZDKTPG/10615-S-90th-East-Court-Tulsa-OK-1900462
3 Car Garage, this BMI constructed Parade of Homes crown winner, adorned with all of its beauty, high ceilings, natural light, curved archways, stone surround FP. Nestled in a quiet culdesac. Sought after area with great schools/neighborhood amenities.
Bedrooms: 4
Bathrooms: 4
Square feet: 4,216
Price: $449,900

For more information about this property, please contact Mark Youngblood at (918) 810-4527 or youngblood@cctulsa.com. You can also text 5401553 to 67299 (Message and Data Rates May Apply, see terms and privacy policy).


See more listings at: www.TulseyTownHomes.com


MLS ID: 1900462

https://www.facebook.com/TulseyTownHomes/ https://twitter.com/MYoungbloodRE https://www.youtube.com/user/TulseyTownHomes

Monday, April 25, 2016

Temporary Buy Down

There is an infrequently-used mortgage program available that could be the solution to a buyer's or seller's problem.

2-1 Buy Down - 2.pngA temporary buydown is fixed rate mortgage that the seller has prepaid interest at closing to lower the payments for a number of years.  The borrower must qualify at the note rate but gets the benefit of lower payments for the early years.

A 2/1 is a common buydown that the first year's payment is calculated at 2% lower than the note rate and the second year's payment is calculated at 1% lower than the note rate.  The third through thirtieth years' payments are the note rate.

Let's set the scene.  A buyer is using their available cash for down payment and closing costs to get into the home.  They'd like to put their own touches on the home when they move in but may not be able to for a year or two since most of their cash was used.

In this example, a $250,000 home is purchased with a 3.5% down payment and a 4% mortgage for 30-years.  Normally, the principal and interest payment would be $1,151.76 for the full 30-year term.  If the seller will pay the lender $4,736 at closing, it can be applied to pre-pay part of the interest for the first two years.

2-1 Buy Down - chart.png

The first year, the buyer's P&I payment will be $891.71 for 12 months based on a 2% interest rate or 2% lower than the 4% note rate.  It is $260.06 lower per month in the first year.  The second year, the buyer's P&I payment will be $1,017.12 for the next 12 months based on a 3% interest rate or 1% lower than the 4% note rate.  It is $134.64 lower per month in the second year.

A bonus for the buyer will be that the cost of the buydown paid at closing by the seller becomes prepaid interest that is deductible by the buyer in the year of purchase.  The buyer gets lower than normal payments for the first two years and a sizable tax deduction.

This type of program can be very beneficial to a seller who wants to offer terms to improve the marketability of their home rather than lower the price.  The challenge will be explaining it to not only potential buyers but even agents who are not familiar with this program.

 

South Tulsa 918-392-0900 | Mid Town Tulsa 918-392-9900 | Broken Arrow 918-259-0000 | Owasso 918-392-9990

Affiliate Member of LuxuryHomes.com