This home was just updated in 2024 with all new windows, refinished hardwood floors, new high efficiency gas furnace, new water heater, new flooring in kitchen, bath & entry, new stove & fridge. Home has an appraised market value of $230,000, but is being sold $50,000 below market value to income qualified buyers. Additional down payment assistance of $15,000 available through the Greater Minnesota Housing Fund to qualified buyers based on need, which could lower the mortgage amount to $165,000. Buyer’s gross annual income cannot exceed the following (household size in parenthesis): $50,600 (1); $57,800 (2); $65,050 (3); $72,250 (4); $78,050 (5); $83,850 (6) $89,600 (7) $95,400 (8).
Listing courtesy of Jim Philbin, 1 Roof Community Housing
