1380 N 2nd Street - Sold Through Agent

WEB 1380 back patioAttainable Home for Sale -An Attainable home is very different than an Affordable home. It does not have a cap on the sale price. Therefore, Attainable homes sell for much higher than Affordable homes and are meant to serve working households earning higher incomes that still are unable to afford a market home. There is an income and asset limit, which limits who can qualify to purchase the home. The income and asset limits are higher than the limits on Affordable homes. Only a household that meets the income and asset requirements listed below will be able to purchase this home.  Interested applicants must complete the Intake Form, which can be found here and present the Housing Department with a signed acceptance offer or a contract along with a complete application to be qualified. 

Info on home for sale:

1380 N. 2nd Street, Wilson, WY 83014

3-bedroom, 2-bathroom, 2 car garage, 1,657 square feet, range, refrigerator, dishwasher, microwave, washer & dryer, 30-year sunset clause.

Granite counter tops, wood burning fireplace, bamboo floors, tiled bathrooms, fenced backyard, an expansive stone deck with fire pit. The home was recently painted and has new carpet throughout. Spend time relaxing in the oversize master bedroom with a bonus reading/media room overlooking Fish Creek towards Phillips Ridge. The property is within walking distance to the Wilson Elementary School, Owen Bircher Park and Nora’s Fish Creek Inn. This home is classified with the Teton County Housing Authority as an Attainable Category 4 and all potential Buyers must apply and be approved to qualify to purchase.

Sales Price: $810,000

Income Range:

One Person Household

$0 - $135,608

Two Person Household

$0 - $154,980

Three Person Household

$0 – 174,353

Four Person Household

$0 – 193,725

Five Person Household

$0 – 209,223

Six Person Household

$0 - $224,721

Net Asset Limit

$334,787

Occupancy Requirement: No minimum household size to purchase. Owners must occupy the home a minimum of 9 months per year.

At least one adult in the household must be employed full-time for a local business in Teton County. The Housing Department defines full-time employment as working a minimum of 1560 hours per year (30 hours/week average).

Calculation of income:

Household income is calculated based on the current income earned by all intended adult occupants of the Restricted Housing Unit using the current household income to estimate an annual (12 month) income basis.

Business income of a qualifying Household is calculated using an average of the last three (3) years of income on the business’ tax returns. A year to date profit and loss determination will also be used to calculate business income. If the business has not been operating for three (3) years, the Housing Department will average income over the time the business has been operating.

All forms needed to enter can be found here, under "Attainable Ownership -Forms".

Homebuyer Education Link at lease one member of the household must complete the home buyer education course.

Example costs break down for a purchase price of $810,000



20% down payment (required)

$162,000

Loan Amount

$648,000

Principal & Interest Payment (estimated 3.5%)

$2,872

Property Tax (estimate)

$412

Insurance (estimate)

$284

HOA Dues (estimate)

$10

Total Estimated Monthly Payment

$3,578

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

CCR’S

Restrictions

Home link on Zillow

https://www.zillow.com/homedetails/1380-N-2nd-St-Wilson-WY-83014/104702789_zpid/?utm_source=Yahoo&utm_medium=referral&utm_campaign=addresssearch