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2433 Mount Vernon Rd NW

Updated 5 hours agoListed Jul 10

$1,500/ mo

Doesn't include deposits and fees

3 beds1 bath1073 sqft house

2433 Mount Vernon Rd NW

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What you get

Pet-friendlyIn-unit laundryAir conditioning

Costs, fees, and lease terms

Pricing comparison

$167

At $1,500, this listing is priced $167 cheaper than the current market rate for a 3 bedroom home in Huntsville.

Other 3 bedroom homes in the area go for

Huntsville$1,667
Madison County$1,705
35810$1,402

Pets

The neighborhood

About the building

RENT TO OWN House is currently under the remodeling. Estimated time to get ready is between Aug - Sep. Move into the home now.… Lock in today's purchase price. Build time to improve credit or save additional funds. Test the home before purchasing. Purchase when financially ready. Purchase Price: $195,000 Initial Option Payment (Down Payment) To begin the Rent-to-Own program, the buyer pays an Option Payment of 5% of the purchase price. Purchase Price: $195,000 5% Option Payment: $9,750 The Option Payment gives the buyer the exclusive right to purchase the property under the agreed terms. This payment is non-refundable if the buyer chooses not to purchase the property or defaults under the agreement, unless otherwise stated in the final contract. Monthly Rent The buyer rents the home while preparing to obtain financing. The monthly rent will be established in the final agreement and is due on the first day of each month. Rent Credit A portion of each monthly payment may be credited toward the purchase price if all payments are made on time. The amount of any rent credit will be specified in the purchase agreement. Late payments may result in the loss of that month's rent credit. Purchase Term The buyer has 36 months from the date of the agreement to purchase the property unless both parties agree in writing to extend the term. Purchase Price Protection The purchase price is locked in at $195,000, regardless of whether the home's market value increases during the lease term. Financing The buyer is responsible for obtaining mortgage financing before the lease term expires. The seller is not responsible for securing financing for the buyer. Maintenance Responsibilities During the lease term, the buyer is expected to: Keep the property clean and well maintained. Replace HVAC filters regularly. Maintain the lawn and landscaping. Pay for minor repairs and routine maintenance. Promptly report any major repairs that could cause additional damage. Major structural repairs remain the responsibility of the seller unless otherwise specified in the agreement. Utilities The buyer is responsible for all utilities during the lease period, including but not limited to: Electricity Water Sewer Gas (if applicable) Trash service Internet and cable (optional) Property Taxes and Insurance The seller will maintain ownership of the property until closing and will remain responsible for: Property taxes Homeowners insurance The buyer is encouraged to obtain renter's insurance for personal belongings and liability coverage. Early Purchase The buyer may purchase the property at any time during the lease term without penalty. Default If the buyer: Fails to make payments, Violates the lease, Abandons the property, or Fails to complete the purchase before the agreement expires, the Rent-to-Own agreement may terminate. Any Option Payment and earned rent credits may be forfeited as provided in the contract. Closing Costs At closing: The buyer will pay customary buyer closing costs and lender fees. The seller will pay customary seller closing costs unless otherwise negotiated. Why Choose Rent-to-Own? A Rent-to-Own agreement allows buyers to: Summary Purchase Price: $195,000 Option Payment (5%): $9,750 Lease Term: 36 Months Purchase Price Locked In: Yes Early Purchase Allowed: Yes Financing: Buyer obtains financing before lease expires Utilities: Paid by Buyer Taxes & Homeowners Insurance: Paid by Seller Renter's Insurance: Recommended for Buyer This information sheet is for informational purposes only and does not constitute a contract. The final Lease-Option Agreement and Purchase Agreement will control all terms and conditions. RENT-TO-OWN OPPORTUNITY Own This Home Without Buying Today Purchase Price $195,000 Option Payment 5% Down = $9,750 Lease Term 36 Months Move into your new home today while you work toward homeownership. Why Rent-to-Own? If you're unable to qualify for a traditional mortgage today, our Rent-to-Own program allows you to: Lock in today's purchase price Move in immediately Build time to improve your credit Save additional money toward closing Purchase the home anytime during the lease term Even if home values increase, your purchase price remains $195,000. Program Highlights Purchase Price: $195,000 Option Payment: $9,750 (5%) Lease Term: 36 Months Purchase Anytime: Yes Price Locked: Yes Monthly Rent: Determined at contract signing Rent Credit: A portion of each on-time payment may be credited toward the purchase price. Buyer Responsibilities During the lease, the buyer agrees to: Pay rent on time. Maintain the property. Keep utilities in the buyer's name. Maintain the yard. Replace HVAC filters. Obtain renter's insurance. Secure mortgage financing before the lease expires. The seller continues to pay property taxes and homeowners insurance until closing. Early Purchase Welcome You do not have to wait three years. If you qualify for financing sooner, you may purchase the home at any time during the lease term. Frequently Asked Questions What happens to my Option Payment? Your Option Payment secures your exclusive right to purchase the property. It is applied according to the final agreement. If you decide not to purchase or default under the agreement, it is generally non-refundable. Can I improve my credit during the lease? Yes. Many buyers use the lease period to improve their credit score, reduce debt, and qualify for better mortgage terms. Is the purchase price negotiable later? No. Once the agreement is signed, your purchase price is locked in at $195,000, regardless of future market value. Next Steps Tour the home. Complete an application. Verify income and background. Sign the Lease-Option Agreement. Pay the $9,750 Option Payment. Move into your new home! Why This Program Works Rent-to-Own provides an opportunity for buyers who need time before qualifying for a mortgage while allowing them to secure today's home price and begin enjoying the property immediately. This brochure is for informational purposes only and is not a contract. Final terms will be contained in the Lease-Option Agreement and Purchase Agreement. Interested? Contact us today to schedule a showing and learn more about making this house your future home.

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Nearby schools

Students who live in 2433 Mount Vernon Rd NW attend the following Huntsville City School District (Unified School District) public schools:

NR
Mcnair Middle School
Public
3.2 mi
2
Ronald McNair 7-8
Public, Grades 7 - 8
3.2 mi
3
Jemison High School
Public, Grades 9 - 12
3.2 mi
2
Lakewood Elementary School
Public, Grades PK - 6
0.8 mi

Showing 4 of 6 schools.

GreatSchools ratings are based on test scores and additional metrics when available.