21055 Beacon Road Metamora IN 47030

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21055 Beacon Road

Metamora, IN 47030

Suburb: Salt Creek

$40,000

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Active

Historic property awaiting your entrepreneurial spirit! Bring this property back to life. Located between historic Oldenburg IN and craftsman paradise Metamora IN. A lot of traffic down 229N. Formerly a church, it sits with a lot of history and contents from years back. The contents are not included but may be negotiated. Being sold AS-IS, WHERE-IS.

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Property Details

General Information

Property Type	Commercial Sale
Style
Suburb	Salt Creek
County	Franklin
Zip Code	47030
MLS#	204080

Additional Information

No. of Buildings	1
Levels	One and One Half
New Construction	No
Semi-Annual Taxes

Property Features

Construction	Brick
Lot Dimensions	90 x 150
Total Acres	0.31
Gas	None
Water	At Street
Sewer	None
Foundation	Block

Additional Features

Parking	Gravel
Heating	Electric
Cooling	None

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You can calculate the mortgage loan amount from the price of the real estate by providing the down payment percentage.

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Points, Annual Property Taxes, Annual Insurance and Private Mortgage Ins. (PMI) are all optional. If you enter values, the periodic portion of each will be calculated and shown on the schedule. Property taxes and insurance are combined under escrow.

If a borrower does not have cash to cover at least 20% of the purchase price, some lenders will require the borrower to purchase private mortgage insurance (PMI) to cover against a possible default. Premiums are typically 0.5% to 2.0% of the original loan amount. The borrower can drop the insurance coverage once the mortgage balance is less than 80% of the original purchase price. The calculator handles this automatically. (There may be other conditions as well under which the lender will no longer require PMI. One such case might be apprciation of the real estate.)

Points are charges that are normally due at closing. Borrowers (normally only in USA) may select to pay a lender "points" up front in exchange for a lower interest rate. Points are expressed in percent and are calculated on the amount borrowed. 3 points on a $200,000 mortgage equals $6,000. If the user enters points, this calculator includes their value in the summary and as part of the total payment at loan origination on the payment schedule.

The term (duration) of the loan is expressed as a number of months.

60 months = 5 years
120 months = 10 years
180 months = 15 years
240 months = 20 years
360 months = 30 years

Need more options including the ability to solve for other unknowns, change payment / compounding frequency and the ability to print an amortization schedule? Please visit, https://AccurateCalculators.com/mortgage-calculator

The data relating to the real estate for sale on this web site comes in part from the Broker Reciprocity program of the Southeast Indiana Board of REALTORS®. Real estate listings held by brokerage firms other than Comey & Shepherd Realtors are marked with the Broker Reciprocity logo or Broker Reciprocity house icon. The properties displayed may not be all the properties available through Broker Reciprocity.

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