512 N 4th St Beresford, SD 57004

NEW CONSTRUCTION ON A LARGE LOT! 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 $250,000 with a $236,000 first mortgage to seller and a $14,000 soft second mortgage assumed at closing. The second mortgage is at 0% without payments and is forgiven at $2800 per year over 5 years to a full grant. To qualify for purchasers must: To qualify, purchasers must: Make $66,570 or less in a one- or two-person household or $76,080 or less in a household of three or more Have net worth of less than $125,000—or $105,000 in liquid assets—for applicants age 61 or younger Have net worth of less than $250,000—or $140,000 in liquid assets—for applicants age 62 or older Consider the home their only residence Income restriction on this house will remain for three years. After that, it can be sold to anyone regardless of income.