Richfield House Hunt: Rehabs Offer Buyers a Move-In Ready Option

Richfield House Hunt is back for another week.

As the housing market improves, more homes coming on to the Richfield market are traditional sales, rather than short sales or bank owned.

Buyers can expect these homes to be move-in ready with amenities. Some of these traditional sales are formerly distressed properties bought and rehabbed by private investors.

Other rehabs are done by the Greater Metropolitan Housing Corporation’s (GMHC) Housing Resource Center. The Center works in neighborhoods with high foreclosure rates to keep these neighborhoods from falling into disarray by putting buyers who will occupy the home for long periods. There are a limited number of these homes selling in Richfield, but the rehabilitation work is high quality and the prices are affordable. Their program also offers homeowners with various home interest loans and no cost housing information.

With that said, here are this week's five featured Richfield House Hunt homes:

House No. 1: 7401 18th Ave. S.

Listed by: Counselor Realty

Price: $167,000 Taxes: $2,504

Description: One story; three bedrooms, one bath and 1,566 finished square feet. This is a beautiful GMHC rehab, with a new roof, all new bath, and new kitchen with stainless steel appliances. Stipulations include: The buyer must occupy the home and there is a maximum income level for any purchaser i.e.: one-person household $69,480, four-person household, $99,250, eight-person household, $131,040. These homes are exceptional bargains and this is a unique opportunity for someone who wants a charming rambler for a good price.

House No. 2: 7645 Xerxes Ave. S.

Listed by: Ascendant Realty

Price: $174,900 Taxes: $2,462

Description: One story; four bedrooms, two baths and 1,564 finished square feet. This completely green remodel has cost-saving low consumption toilets, low flow showers, bright hardwood floors that are low VOC quality, Energy Star light fixtures, green friendly cherry cabinets, stainless steel energy-efficient appliances and new granite counters in the kitchen. The beautiful landscaped yard has a deck, patio and shed in the back. This home is a great place to entertain your friends. No investors considered – buyer must occupy with a buyer maximum income of $96,500. Includes a one-year warranty.

House No. 3: 7601 13th Ave. S.

Listed by: Keller Williams Integrity

Price: $209,000 Taxes: $2,552

Description: One story; three bedrooms, two baths and 2,038 finished square feet. This beautifully renovated home has a new kitchen with attractive new tile flooring.  Step out the kitchen out to a sunny new deck. There are hardwood floors on the upper level and new carpet plus an updated bathroom in the lower level. This home has a one-car attached garage plus a detached two-car garage so there’s room to expand to create a workroom or hobby room.  An easy home to buy and to move right in.

House No. 4: 6938 12th Ave. S.

Listed by: MarketLink Realty

Price: $191,500 Taxes: $2,585

Description: One story; three bedrooms, two baths and 1,680 finished square feet. This summer, enjoy a beautiful landscaped backyard with a huge concrete patio. And in the fall and spring, enjoy your morning coffee on the sunny three-season porch. In the winter, cozy around your choice of a living room fireplace or in the Northwoods-y family room with a second fireplace.

House No. 5: 7438 4th Ave. S.

Listed by: Coldwell Banker Burnet

Price: $229,500 Taxes: $3,034

Description: Two stories; four bedrooms, four baths and 2,090 finished square feet. A larger than average Richfield home, this place has lots of charm. Located on a beautiful tree-lined street, this house features a formal dining room, a large lower level family room and a deck and patio large enough for entertaining. Extras include a white kitchen with a wonderful tile backsplash, formal separate dining room with a walk-out to the deck, two brick fireplaces, and a large two plus car garage.


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