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62 21st St NW

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$1,500/ mo
Doesn't include deposits and fees
3 beds2 baths1300 sqft house
62 21st St NW

Your booked tour

What you get

Pet-friendlyLaundryParkingAir conditioning

Costs, fees, and lease terms

Lease terms

RENT TO OWN OPPORTUNITY This home is available through a 3-year rent-to-own program for someone who can afford the monthly payment but may need time to qualify for a mortgage. Purchase Price: $199,000 Monthly Payment: $1,500 Down Payment: $8,000 Term: 3 years The $8,000 down payment is applied toward the purchase price when the home is purchased. During Year 1, the monthly payment is treated as rent. During Year 2, $200 from each monthly payment is credited toward the purchase price. The buyer will need to obtain financing and complete the purchase by the end of Year 3. The home recently appraised for $162,500, and the appraisal is available upon request. Applicants should have stable, verifiable income, the $8,000 option fee available, and a reasonable plan for qualifying for a mortgage within three years. A rental application and a simple lender consultation will be required. The resident is responsible for utilities, lawn care, snow removal, routine upkeep, and reimbursing the owner for the homeowners-insurance cost. The owner continues to pay the property taxes and carries the primary insurance policy. Pets may be considered with prior approval. Please review the terms before requesting a showing. We are happy to work with someone who is serious about becoming a homeowner but needs a little more time to get there. Owner is a licensed Ohio real-estate broker and has a financial interest in the property.

Pricing comparison

$149

At $1,500, this listing is priced $149 more than the current market rate for a 3 bedroom home in Barberton.

Pets

  • Dogs

    Allowed
    Number allowed2

  • Cats

    Allowed
    Number allowed2

The neighborhood

About the building

PLEASE READ ALL TERMS BEFORE INQUIRING RENT TO OWN OPPORTUNITY Purchase Price: $199,000 Option Fee/Down Payment: $8,000 Monthly Payment: $1,500… Agreement Length: 3 years Year 1: No portion of the monthly payment is credited toward the purchase price. Year 2: $200 from each monthly payment is credited toward the purchase price. End of Year 3: The remaining balance must be paid through refinancing, cash, or another approved source of permanent financing. This is not owner financing or a land contract. Title remains in the owner's name during the lease-option period. The occupant must obtain permanent financing and complete the purchase by the end of the three-year term. The property was recently professionally appraised at $162,500. The appraisal can be made available upon request. The $199,000 purchase price reflects the home's professionally appraised value, its complete renovation, anticipated appreciation during the three-year option period, the flexibility of securing the home now while having time to become mortgage-qualified, and the risk and extended commitment accepted by the owner. The $8,000 option fee is nonrefundable. It will be credited toward the purchase price only if the occupant successfully completes the purchase according to the lease-option agreement. If the occupant defaults on the lease, fails to make a required payment, or does not complete the purchase within the agreed term, the option to purchase may be terminated. The option fee and any accumulated purchase credits may be forfeited according to the agreement. Applicants must have: Verifiable household income Stable employment or another stable source of income The full $8,000 option fee available The financial ability to make the $1,500 monthly payment A willingness to complete an application and screening process A realistic plan for obtaining mortgage financing within three years Applicants will also be expected to complete a soft lender review or financing consultation to determine whether there is a reasonable path toward purchasing the property by the end of the agreement. You do not necessarily need to qualify for a mortgage today, but there must be a realistic likelihood that you can qualify within the three-year period. The occupant will be responsible for all utilities, routine maintenance and upkeep, lawn care, snow removal, damage beyond ordinary wear and tear, and reimbursing the owner for the cost of the property's homeowners-insurance policy. The owner will continue paying the real-estate taxes, maintain the property's primary homeowners-insurance policy, and retain legal title until the purchase is completed. Pets may be permitted but must be disclosed in advance, approved by the owner, and included in the written agreement. The occupant remains responsible for all pet-related damage. Serious inquiries only. Please do not request a showing unless you have reviewed the terms and are financially prepared to meet the option-fee and monthly-payment requirements. The owner is a licensed Ohio real-estate broker and has a financial ownership interest in the property.

The property manager

Nearby schools

Students who live in 62 21st St NW attend the following Barberton City School District (Unified School District) public schools:

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

62 21st St NW

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