426 N 76th Ave W, Duluth, MN 55807

This home was just renovated, with updates including: foundation repair, new gas water heater, new high efficiency gas furnace, new living room windows, new flooring in kitchen, bathroom & living room. Home has an appraised market value of $260,000 but is selling for $85,000 below market value to income qualified households. Buyer’s gross annual income cannot exceed the following (household size in parenthesis): $53,350 (1); $60,950 (2); $68,550 (3); $76,150 (4); $82,250 (5); $88,350 (6) $94,450 (7) $100,550 (8). An additional $15,000 in down payment assistance is available from the Greater Minnesota Housing Fund, based on need. This could lower the first mortgage amount to $160,000.