St. Louis County, St. Louis, MO 63136
3 bd2 ba1,014 sfBuilt 1954
Gross spread$150,000
Description
Lovett Dr, St. Louis, MO 63136 3 Bedrooms | 2 Bathrooms | Updated Interior | Finished Lower Level Off-market, turnkey-style creative financing opportunity in Moline Acres, an established, working-class residential neighborhood in North St. Louis County. Mature community with older homes and longtime residents. Value-oriented C+ investor-class submarket. SUBJECT-TO FINANCING Existing 1st Mortgage: $144,233.90 Deferred 2nd Mortgage Balance: $5,846.20 Total Existing Mortgage Debt: $150,080.10 Monthly Mortgage Payment: $1,511.34 3-Bedroom Fair Market Rent (FMR): $1,600/month Buyer acquires the property subject to the existing financing, with no new acquisition loan required. The $20,000 is the entry to clear the exisiting behind payments. PROPERTY HIGHLIGHTS Updated kitchen and bathrooms Finished lower level Mostly turnkey interior Roof approximately 6 years old Flat roof replaced approximately 2 years ago Central heating and air conditioning Minor cast-iron drain repair needed Established residential neighborhood Potential long-term rental or creative finance investment SIGNED CONTRACT | OFF MARKET | CREATIVE FINANCE Acquire control of the property for a $20,000 taking title subject to existing financing. Excellent opportunity for experienced subject-to investors looking to expand their St. Louis portfolio.
Verified — contract control only
The originating marketplace confirmed that the seller holds an executed purchase contract on this property. That is the whole of what it attests. It is not a check of the asking price, the condition, the repair estimate, the after-repair value or whether the deal is profitable. A deal without this badge is not unsafe — most have simply never been checked.
$/sqft vs market
Median of 75 comparable listings matched on ZIP + property type. A narrow sample moves a lot; read it as context, not as a valuation.
Property
Systems & condition
Self-reported by the seller. Not inspected.
Property information
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