46 5th St Proctor, MN 55810

This home was completely renovated in 2010-2011 with all new roof: soffit, fascia & gutters, siding, windows, insulation, bathrooms, kitchen including all appliances, high efficiency gas furnace & water heater, new plumbing & electrical, HRV system, hardwood & tile floors downstairs, carpeting upstairs. Home has 2021 appraised market value of $190,000 and is being sold $55,000 below market value to income qualified households. Home must be owner-occupied and buyer’s gross annual income cannot exceed the following (household size in parenthesis): $42,750 (1); 48,850 (2); $54,950 (3); $61,050 (4); $65,950 (5); $70,850 (6). Prospective buyers need to have mortgage pre-approval from North Shore Bank or US Bank, income documentation verification and completed Community Land Trust program application prior to signing purchase agreement. Homebuyer education class can be completed between purchase agreement & closing.