$339,900

5 Beds   3 Baths   Single-Family
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Terning Way
Howard Lake, MN 55349

*Rental Value Coming Soon

Overview

This Single-Family is located at Terning Way, Howard Lake, MN 55349. This listing is NOT an active listing. Updates to this listing have stopped. This listing may be off the market. No further information is available at this time. It has 5 Beds, 3 Baths.
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Status: Inactive
Listing ID: 58675218
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Learn about Terning Way in Howard Lake, MN

This single-family property is available as a rent to own at Terning Way. Based on our analysis of the current market conditions in Howard Lake for Terning Way and comparable listings, the estimated market value is still being calculated. If purchased for rental purposes, this property might present an opportunity to make monthly rental income. The rental value will be updated on this listing soon. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Terning Way are updated daily along with others in Howard Lake, Minnesota.


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Property Information

  • Price: $339,900
  • Bedrooms: 5
  • Bathrooms: 3
  • Full Baths: 3
  • Total Square Feet: 2,069
  • Lot Size: 0.23 acres
  • Heating Type: Forced Air
  • Air Conditioning: Central A/C
  • Year Built: 2022
  • Comments: Listing Status: Pending
  • Source ID: 6263674
  • Day(s) On Site: 183
  • Subdivision: Terning Trails 2
  • Property Type: Single Family Dwelling

Rent to Own

Rent to own properties are ideal for homebuyers who are on the fence and not quite ready to go "all in" on a specific real estate investment. It's basically like taking a home for a "test drive," getting to know the neighbors, local school districts and community benefits (and drawbacks) before making the all-important decision to buy.

First Steps to Buying a Rent To Own Home

This type of real estate deal entails an agreement to rent a property with the option to purchase it at a predetermined date and price. Under some structures a portion of the rent paid during the lease period can be applied to the purchase price. Also, during the lease period, the purchaser/lessee can use that time to save for a larger down payment or fix personal credit issues. As a third incentive, the purchaser/lessee can move into the property, get to know it thoroughly, get to know the neighborhood, and either complete the purchase or walk away from it, if the property turns out to not be suitable for him. For the seller, the rent to own option adds value to the sale of the property and broadens the market for potential buyers.

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Listing History

Start Date End Date Listing Type Bank Name
03/16/23 03/23/23 Rent To Own

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Terning Way
Howard Lake, MN 55349

5 Beds   3 Baths   Single-Family

$339,900

Status: Inactive Listing ID: 58675218

Property Information

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Listing URL

https://static.foreclosure.com/listing/address.html?address=Terning-Way-Howard-Lake-MN-55349/58675218_lid

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