507 N 4th St Beresford, SD 57004

NEW CONSTRUCTION! This 1200 sq. ft. 3 bedroom, 2 bathroom home is a highly efficient 2x6 stick built home. Enjoy 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 and 5th bedrooms, and a 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 purchasers must: (1) Make $64,820 for households of 2 or less; or $74,080 for households of 3 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. 403 S 3rd Street is also available.