403 S 3rd St Beresford, SD 57004

NEW CONSTRUCTION! This 1200 sq. ft. 3 bedroom, 2 bath home is a highly efficient 2x6 stick built home. Enjoy amenities like a master bath, main floor laundry, eat-in kitchen with stainless steel appliances and an attached two car garage. Full basement is ready to be finished with room for a family room, 4th & 5th bedrooms, and 3rd bath. The purchase agreement will be for $245,000 with a $232,500 first mortgage to seller and a $12,500 soft second mortgage assumed at closing. The second mortgage is at 0% without payments and is forgiven at $2500 per year over 5 years to a full grant. To qualify for $12,500, purchasers must: (1) Make $53,800 or less for (1 person); $61,450 (2 person); $69,150 (3 person); $74,080 (4 or more). (2) Have net worth of less than $125,000 or $105,000 in liquid assets for 61 or under (3) Have net worth of less than $250,000 or $140,000 in liquid assets for applicants 62 or older. After three years, home may be sold to anyone. 507 N 4th is also available.