Allah has surely shown favor to our community. We have tallied the donation / loan pledges from yesterday and currently stand as follows:
Finance:
One time Contributions: $50,750
Loans: $15,500
Current Total: $66,250 community pledged
Initial fundraising target: $159,000 with offer price set to $145,000 cash (additional over the offer will be needed for taxes, fees, and initial utility installations)
Funds still needed: $92,750
Renovation Funds Estimate: $30,000
Purchase funds + Renovation Funds Estimate: $122,750
Details of property:
Address: 46118 THOMPSON CT, LEXINGTON PARK, MD 20653
Address: 46118 THOMPSON CT, LEXINGTON PARK, MD 20653
List Price: $159,000
Finished space: 1467 sq ft
Basement: Unfinished approximately 1400 sq ft
Land space: 43,560 sq ft (approximately 1 acre)
Year built: 1969
Garage: 1 Car (space that will be converted to ‘living’ space of approximately 300 sq ft)
Inshallah we are going to execute a very aggressive fundraising agenda over the next few weeks in order to meet the target goal. We must act quickly in order to hold this property and endow it as a Masjid for our community and future generations moving to this area.
Thanks to Allah for guiding our community to this possibility.