208 Rainbow Cr
Sherwood Park, Alberta T8A5W6
3+1 beds 3 baths 1,190 sqft
Description
Bright & Sunny 4 Bdrm Bi-Level home in desired Regency Park Neighborhood. Sure to be impressed from the moment you walk in, with gleaming laminate floors going up into the main living room. Lrg windows allowing an abundance of light. A modern kitchen with white cabinetry, new S/S appliances, eating nook & large dining area. Door to an upper deck overlooking mature fruit trees, a vegetable garden & a lower deck & grass area. Back inside the main floor boasts 3 bedrooms, the primary with a lrg closet & 3 piece ensuite, a main 4 piece bathroom between the bedrooms. Lower level has a large recreation area, sitting area or future den or workout area, & a really large bedroom. Again large windows allowing plenty of sunlight to shine in. The laundry utility room is large enough with storage as well as the space below the stairway & front entrance. All this & double attached garage that's insulated and drywalled. Hot water tank, shingles, paint, carpet, appliances recently upgraded. Some photos virtually staged. (id:39198)
Facts & Features
● Building Type
House
● Year built
1997
● Square Footage
1,190 sqft
● Stories
--
● Bedrooms
3+1
● Bathrooms
3
● Parking
4
● Neighbourhood
Regency Park (Sherwood Park)
● Land size
--
● Heating type
Forced air
● Basement type
Finished, Full
● Parking Type
--
● Time on REALTOR.ca
71 days
Home price
$535,999
Initial Deposit
I want to start the program with
an initial down payment of
Minimum 2% of the home price or $5,000 whichever is higher
The higher the initial deposit, the lower the monthly payments
Your Monthly Payment
$5,094/month
The payment includes
Rent
$4,204
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$890
Each month, $890 is set aside toward your homeownership goal in addition to your initial down payment. This mandatory monthly savings help you achieve your savings goal.
Buyback
Here is the final price if I buy the house after:
Buyback Price
$620,486
Cumulative Down Payment
$37,049
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$32,049
Buyback Price
$562,799
Cumulative Down Payment
$15,683
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$10,683
Buyback Price
$590,939
Cumulative Down Payment
$26,366
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$21,366
Buyback Price
$620,486
Cumulative Down Payment
$37,049
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$32,049
There is no minimum rental terms. You can buy back the home anytime throughout the 3-year standard rent-to-own term!
Rent-to-Own This Home for
$5,094/month
This home is listed on realtor.ca. Requity Homes doesn‘t own it—yet. But if it fits your budget and meets our criteria, we can buy it for you through our rent-to-own program.
You move in with as little as 2% down. Part of your monthly payment builds your future down payment. You can buy back the home anytime throughout the 3-year standard rent-to-own term!
No Hidden Fees, No Hidden Costs - Requity pays legal fees, title insurance and land transfer tax when Requity buys the home upfront. Client pays for inspection.
Client initial deposit is applied directly to the down payment when clients are ready to buy the home.
Few ways to reduce your monthly payments
• Look at homes with a lower price
• Put down a higher initial down payment
• Sublet the rooms for extra income
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