Lot / Land For Sale in Snake River, Nome

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Short drive from Nome, road access

•  lot / land – $145,100. PATENTED Mining land!

– Road access — approx 10-12 miles out Nome-Teller Highway. PATENTED 74 Acres.

The property was owned by Thomas Sweeney, and his two brothers. The Sweeney brothers mined this land and in the 1930’s had offers from North American Mining to buy it. In the early 1980’s a surveyor with Alyeska Pipeline went to Nome to check on the land. He said there were minining shafts and a cabin on it. One of the Sweeney brothers, Patrick, was a Deputy Marshall in Nome. This land is not far from the new shooting range. United States Mineral Survey No 0883

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1 1/2 Story For Sale in City of Nome, Nome

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Great location!

•  864 sq. ft., 1 bath, 2 bdrm 1 1/2 story$183,000. Affordable!

– You will be able to get a good night’s sleep in this 1950’s style bungalow, thanks to a location that is just outside the rowdy center of the city; this home is still walking distance to all the places people go! 2 bedrooms, and a smaller room that could easily be used as a 3rd bedroom (egress ready!) and a generous portion of attic storage space will help you keep your life organized.

The real stone flooring (not laminate) is tough enough to survive anything life might throw at it, from pets to skis to muddy boots! High quality finishes like the beveled edge counter-tops and top of the line appliances and faucets bring this house to a whole new level. This is a must see charmer!

Property information

Title company 101

The title company plays an important role in a real estate transaction.

Title insurance policy is issued by the title company; this is extremely important because it says that if any liens (claims) show up against the property after closing, the title company will address these claims using their own resources.

The title company also functions as a neutral party to ensure that funds are distributed to all the parties in a transaction (pay off existing liens, pay the seller, etc)

Document preparation and delivery to the State Recorder’s office, in order for the property ownership change to be recognized.

Single Story For Sale in East End, City of Nome

•  780 sq. ft., 1 bath, 2 bdrm single story$165,000.

– Great Location Great Price!

This cozy home is loaded with historical character, with a location to die for! Only 2 blocks from the beach and a very short walking distance to the Hospital and the Elementary School. Picture yourself living in this lovely home full of artist-crafted, custom woodwork. The built in custom display case, custom wood counters, cabinets and warm wood accents are just the beginning…. Prepare your meals in a bright open kitchen, accented with an extra deep, classical farm style sink…of course you won’ t need the sink to wash the dinner dishes, just load them in the newer stainless steel dishwasher!

End your evenings with a walk on the beach and return to a warm fire in your new wood stove and a soak in your claw foot tub.

The rustic charm of this house is undeniable. The enormous southern and eastern exposure windows let in a ton of light, making use of passive solar natural light to keep away the winter blues. The 2 bedrooms both have private access to the bathroom. The a large laundry/work room offers a ton of storage and space for a workbench, sewing table or homework desk.

All of this charm sits back from the road on a huge 7,000 square foot lot and comes complete with off-street parking, a large shop building and fenced in back yard.

Property information

Will seller financing work for you?

Sellers who own their home free and clear or who have a small mortgage that can be paid off with the down payment.  According to the US Census most recent American Community Survey, approximately 1/3 of owner occupied housing units in the US do not have a mortgage.

More financing options attract more buyers.

A seller will only be taxed on the monthly payments per year, and not on the entire purchase price of the house at once.  For example, if the free-and-clear house sells for $100,000 or via a traditional loan, the seller pays taxes on $100,000.  If he finances the house and received $750 per month, for example, he pay taxes on $9,000 per year ($750×12)

Typically there are two types of buyers who benefit from seller financing.

  • The buyer who cannot get traditional financing.  Most banks are not flexible with loan terms.  With seller financing the buyer can negotiate the terms of the mortgage face to face with the seller, or with the assistance of their Realtor.  Typically there are fewer closing costs without a traditional lender.
  • The buyer who does not WANT traditional financing, such as an investor.  Rather than a standard down payment required by banks, investors can finance the entire purchase or offer a lower down payment along with something else for the seller, such as a higher monthly payment, a boat, or they can finance the down payment.