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New Listing – 2900 11th Ave S, #310 – $101,500*

September 17, 2018 by · Leave a Comment 

Incredible opportunity to own in Midtown Condos on the Greenway – Underground access to the Midtown Global Market with all the restaurants, community activities, brewery and more! Unit features 1 BR/1 BA plus den and has a huge storage unit, sun lit living room with balcony, in-unit laundry, open kitchen with tons of counter-space, meticulously maintained and move-in ready – underground parking too! For more information regarding CLCLT requirements contact Jennifer Sturtz at 612.594.7145. To schedule a showing contact Emily Green at 612.275.5770.

            

*The actual fair market sales price of this home is $165,000 (based on an August 2018 Appraisal).  Based on this valuation, The City of Lakes Community Land Trust (CLCLT) affordability investment in this property is $63,500. Home must be sold to owner-occupant.

New Listing! 2947 Thomas Ave N – $107,000*

August 21, 2018 by · Leave a Comment 

Recently remodeled single-story home perfect for a first-time homeowner or someone looking to downsize. Features 2BR/1BA, recently remodeled kitchen with new appliances including a dishwasher, fully remodeld full bathroom with all new fixtures and flooring, refinished original hardwood floors, detached 1-car garage and a fireplace. Interested buyers should contact Jennifer Sturtz at 612.594.7145 to schedule a showing.

      

*The actual fair market sales price of this home is $145,000 (based on a July 2017 appraisal). Based on this valuation, The City of Lakes Community Land Trust’s (CLCLT) affordability investment in this property is $38,000. This home is made available through the CLCLT to households earning less than 80% of Area Median Income (income limits here). Affordable home purchase is subject to both income and resale restrictions through the CLCLT Ground Lease.

For a purchase offer to be considered, interested homebuyers would need to complete each of the following:

1.) Complete the CLCLT application (including income verification);
2.) Attend a CLCLT orientation;
3.) Attend Home Stretch homebuyer education session; and
4.) Gain pre-approval from CLT eligible mortgage lender.

Home must be sold to owner-occupant.

 

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