H.U.D. Home. Re-List 7.19.19. Bids due Daily by 11:59 PM Central Time until sold. Year Built: 1950, Lot Size: 6400.00. 2 Bedrooms, 1 Baths. Interior Square Feet: 942, as per appraiser. (IE) Insured w/ Escrow Repairs. Eligible for FHA 203K. Finance Terms: FHA, Cash, and Conv. Sold "AS IS" by elec. bid only. LBP. ************************************** This Rancher is tucked neatly away on a quiet street in Lawrenceville where pride of ownership permeates every scenic square inch of neighboring homes. This home is perfectly situated for the next homeowner's makeover, and benefits from the incredible scope of comparable work that can only be found in this area. This home features a one-level floor plan and is perfectly situated for anyone looking to downsize or acclimate it to today's standards of comfort and decor. Two bedrooms share a common hall with the living room and dining room area, which abuts the pass-through kitchen. A very simple design that is now waiting for the final bid to take it to the next level! **************************************Property is NOT located in a FEMA Special Flood Hazard Area but is listed as a moderate to low flood risk. Please refer to www.floodtools.com for additional information regarding flood zones and insurance, State law requires Smoke/ Carbon Monoxide detectors be installed for properties having combustible fuel heaters/furnaces, fireplaces, hot water heaters, clothes dryers, cooking appliances, or an attached garage, but seller (HUD) is exempt from this requirement as a Federal Entity, Estimated remaining economic life is below 30 years. ******************************* Repairs: Install smoke and CO detectors, Plumbing does not hold pressure, inspect and repair as needed. ******************************************* For all bids accepted on or after October 1, 2016, the following incentives are available on properties within the Philadelphia HOC region (3P states): Buyers: $100 down payment on HUD Homes financed with FHA-insured financing. Agents: Real estate selling agents (agent for the buyer) get $500 for every HUD Home purchased with an FHA Rehab 203(k) loan. HUD homes being purchased with FHA financing may currently be available for HUDs $100.00 down payment program. To be able to take advantage of this great program, purchasers must be Owner Occupants and use FHA financing to purchase HUD eligible $100 down properties. $100.00 Down Payment is a Limited time opportunity, and buyers must choose their own lenders. (Normal down payments for FHA home loan is 3.5%). The main reason HUD offers the $100 down payment program is to sell HUD foreclosed homes fast and to also to get owner-occupants into these homes. See attached addendum & Disclosures. For additional information contact the agent of your choice.