Project Description

  • Built: 2016   Lot Size: 50’ X 125’
  • Square Footages – Living areas
  • Basement: 529 media + guest   –  685 legal suite, 2br
  • Main: 1214  family/kitchen/living/den  – garage 255
  • Upper:  1375 – 4 bedroom, 3 bathroom
  •   234 master with ensuite
Call us @ 1 (877) 546-2739 or fill this form to get more information about this property.

2124 Mackay North Vancouver
Purchaser
Appraised Value  $      2,300,000
Administration fee 3.0% $           69,000
Buyers  Mortgage  $      2,369,000
Interest Rate 4.65%
Term years  $                  35
Monthly Payments  $           11,433
Out Standing Balance (OSB)      2,020 December  $      1,705,914
In 5 years
Increased estimated value 35% $     2,300,000  $         805,000
Credit  purchase option 5% $         115,000
Equity potion of the monthly payments credited back  $  2,531 60 pmts  $         151,834
Future equity (5% down+Principle portion of mothly payments + Appriciation  $      1,071,834
Predicted appraised value Based on a 35%  property values increasing in 5 years January   2,020  $      3,105,000
Sale Price  $     2,300,000  $      2,369,000
Less the intial deposit 5% -$         115,000
Equity payments total  $  2,531                     60 -$         151,834
Purchaser  to pay in 5 years  $      2,102,166
Loan 68% To Value 32%
*average based upon Greater Vancouver Real Estate data  for North Vancouver from 2005 to 2015
Actual appraised value subject to market value at the time of Option is exercised
** Buyer may execute Purchase Option at any time during the 5 year option period at which time
Balance owing will be determined from Loan Buyer Summary for the end of the month in which Option is exercised