Now Available in Thief River Falls
A newly remodeled home in Thief River Falls is offering a path to affordable homeownership through North Star Neighbors’ Community Land Trust.
Located at 611 Evergreen Street, the three-bedroom, one-bath home features 1,008 square feet of single-level living, a detached two-car garage, a remodeled kitchen with new stainless-steel appliances, new electric baseboard heat and mini-split air conditioning, a new steel roof, and a new washer and dryer. The home is currently listed at $175,000.
North Star Neighbors can provide up to $50,000 in additional affordability assistance based on household income, potentially reducing the buyer’s effective purchase price to as low as $125,000. This creates a particularly strong opportunity for a single-income earner or a lower-income household earning less than $60,000 per year.
The home is part of the North Star Neighbors Community Land Trust, an approach designed to make homeownership more attainable while keeping homes affordable for future generations. North Star Neighbors retains ownership of the land while the homeowner purchases the house at an affordable price. When the home is eventually sold, a shared-appreciation model allows the homeowner to build equity while preserving affordability for the next buyer.
This home builds on North Star Neighbors’ growing investment in Thief River Falls. The organization has already completed and sold four Community Land Trust homes in the community.
For an individual or family who has wondered whether homeownership is within reach, 611 Evergreen may be an opportunity worth exploring.
The full application link as the first step to qualification: https://northstarneighbors.org/full-application/
More details on North Star Neighbors and qualifying for this home can be found here: https://northstarneighbors.org/thief-river-falls/
