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Gordon Knoll, Condominium

1220 E. Locust Street, Milwaukee, WI 53212

Property Details

Brand New...Rent to Own Option...Flexible! Either way you'll receive the $100 incentive from rent.com!

Newly built 2nd floor condo is currently owner occupied. Incredible space, 2 balconies, 2 garage parking spaces, nine foot ceilings, hardwood floors, crown molding, gas fireplace, ceramic tile, whirlpool tub and black appliance package with maple cabinets. All on 1 level on upper floor. Not available until perhaps 1/1 - 2/1/2007. Rent to own option! Many upgrades too numerous to list! Oh...I forgot to mention...that it has a sunny west exposure with views of green and sky! Full size washer and dryer included. Priced at $224,900 (the many upgrades makes this one a great value!). If sold without Realtor participation price will be $221.900 ($3,000 shared savings) with a closing date somewhere around 1/1/07. Rent for 1 year, then buy: closing 1/1/08: $232,995 ($236,145 less $3,150 shared savings). Rent for 2 years, then buy: closing 1/1/09: $ 244,650 ($247,950 less $3,300) (price & discount increase 5%/yr). Perhaps better to buy right away or try-it-before-you-buy-it by renting for a while.

Leasing Terms

Written lease for 2 years with a right to vacate after the 1st year (basically a 1 year lease). Can excercise option to purchase at anytime before lease expires, but no later than 2 years after first occupany. Not available until 1/1/07. Will provide downpayment assistance or closing costs assistance if no co-broke (sold by owner without broker). No showings yet...can email all kinds of pictures however. Terms: Subject to change. At least 2.5% downpayment with option to purchase. (2.5% of $224,900 = $5,622.50). May finance downpayment over the 2 years with credit worthly buyer.

Pet Policy

Pets Accepted. Call for service animal policy.

Building Type

Condo

Neighborhood Info

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