Real Estate Information Archive


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30 Mayflower Court

by crussell

Eye-catching, immaculate 2-story contemporary home with basement located in McCutcheon Heights on a peaceful, quiet cul-de-sac.  This 2500 sq.ft. home has everything you need for entertaining or keeping your children and friends occupied.  And, it’s close to schools and shopping.


Upon entering the front door directly into the 20 ft long living room, the vaulted ceilings and natural wood railing of the 2nd story open hallway will catch your eye.  The living room sports three corner windows to watch the snowfall this winter while cozying up next to the warm fire in the ceiling high, bricked fireplace.  The large 19x15 family room is ideally positioned to exit into the fenced backyard onto the large deck for those nice warm nights of entertaining friends or family and taking a plunge in the above ground pool with multi-deck patios.   There is a large storage shed which is great for housing lawn and outdoor equipment leaving the garage open for a work area.  As a bonus, the lawn equipment and outdoor equipment are available for purchase.  If that isn’t enough, you can adjourn to the finished basement area to the recreation room if the nights become chilly.


The kitchen has ample cabinet and counter space and comes complete with a side-by-side refrigerator, oven/range, built-in microwave over the stove, built-in dishwasher and garbage disposal, Kinetico water softener plus an dining nook area in addition to the formal dining room located directly off the kitchen. 


Two nice-sized bedrooms overlook the backyard and have access to the 2nd full bath upstairs.  

Then we come to the master bedroom - it has a partial vaulted ceiling with a ceiling fan to have that nice breeze for those nights too cool for the air conditioner but just right for the windows to be open.  Enter the master bathroom by an open, two door entry from the bedroom to lay back and relax in the jetted bathtub.  This openness gives that sense of a great getaway, romantic evening in your own home.  Step out of the master suite onto the open balcony hallway and overlook the living room and beautiful fireplace, take that deep breath and think ‘life is good’.


But there’s more, the home has a new roof, garage door, fresh paint inside and outside on all decks and fence making this a move-in condition home.  All this can be yours – call today for your private tour of 30 Mayflower Court.30-mayflower-3430-mayflower-630-mayflower-3030-mayflower-16

Heres is a tip.

The Home Affordable Refinance program can help those whose home values have dropped

The Home Affordable Refinance program was designed to help home owners lower their monthly payments while at the same time securing lower interest rate mortgages. The program is aimed at helping home owners whose mortgage loans are more than the value of their home. The program had a value set at 105% and under the Obama Administration this number has become 125%. The Home Affordable Refinance plan is helping home owners who are underwater with their home values restructure their mortgage payments and ease their financial stress. A few highlights of the Home Affordable Refinance program are:

  • A borrower must be current on his payments in order to qualify for the refinance.
  • The refinancing must be completed with a Fannie or Freddie approved lender.
  • The new loan would come with mortgage insurance.
  • Borrowers cannot take cash out.

If you are living in an area where the value of your home has dropped below what it was when you purchased it this could be the program for you.

Check out the Making Home Affordable web site for more information and to see if you qualify.

Reverse Mortgages Make Sense in the Right Situations

by admin

Reverse mortgages can make sense but it is important to understand all of the details

The Reverse Mortgage is a mortgage for older home owners who want to utilize the equity in their property.  more and more popular.  If you are over 62 and are interested in purchasing real estate or making home improvements or acquiring money for another real estate transaction here is what you need to know about a Reverse Mortgage:
  • To qualify a borrower must be 62 years of age or older.
  • The Borrower must live in the residence as his primary residence.
  • There are no minimum income, asset or credit requirements.
  • There are no monthly payments required for as long as the borrowers occupy the residence as their    primary residence.
  • The Funds can be taken as a lump sum, monthly payments, line of credit or a combination.
  • There are no restrictions on how the funds are used.
  • Loan proceeds are not considered income and will not affect Medicare or Social Security benefits.
  • There are no prepayment penalties.
  • Heirs may keep the home by paying off the balance on the reverse mortgage loan.
  • All applicants are required by federal regulation to seek 3rd party financial counseling by an approved Department of Housing and Urban Development (HUD) organization.
For more information on Reverse Mortgages visit

Displaying blog entries 1-3 of 3




Contact Information

Photo of Cathy Russell Real Estate
Cathy Russell
The Russell Company
2522 Covington St.
West Lafayette IN 47906
(765) 426-7000
(765) 335-5588
Fax: (765) 497-1003