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621 Elm Street, Farmington

Minimum Borrower Income Required*:

Habitat Homebuyer: $64,910
SPCP Participant: $55,530

Maximum AMI: 80%**

*subject to eligibility review

Estimated Fair Market Value: $380,000

Picture of Andrea Gallagher Andrea Gallagher Jan 6, 2025 10:11:06 PM

Property Photos

New construction 4 bed 2 bath home near charming downtown Farmington on a spacious corner lot!

This brand-new 2-story home features a large open living/dining space and galley style kitchen on the main floor. Enjoy details like luxury vinyl plank flooring, brand-new kitchen appliances, full bathroom on each level, washer and dryer hook-ups on the main floor, and ample closet space. There are 4 large bedrooms on the upper level with a bonus loft space!  

---These photos are not of this unit, but a comparable unit---

Property Details

Information deemed reliable
but not guaranteed

4 bedrooms
Bedroom 1 (upper): 9'-7" x 13'-3"
Bedroom 2 (upper): 9'-3" x 10'-9"
Bedroom 3 (upper): 9'3" x 9'-3"
Bedroom 4 (basement): 12'-9" x 8'-2"
2 bathrooms 
1,520 finished sq. ft. (approximate)
2-story single-family home
2 stall detached garage
Energy Star Certified

Property in a Land Trust
Ground Lease Fee: $1/month
Estimated Real Estate Taxes: $4,560

Construction completion planned for February/March 2025

Details of what is around:

Cute and easily accessible Farmington neighborhood, right off Highway 3. 

Right by downtown Farmington, with lot of options for shopping and restaurants. 

Tons of greenspace nearby - enjoy the outdoors at Prairie View Park, Rambling River Park and more!

Local Schools
Riverview Elementary School
Levi P Dodge Middle School
Farmington High School
School District 192
Nearby continuing education options include Dakota County Technical College, Inver Hills Community College, Carleton College, and St. Olaf College. 

 

Do you have additional cash savings for down payment?

If you have additional cash savings in addition to the required $6,300 savings, you could potentially qualify to purchase a house at a lower income if you use additional cash assets as a down payment.

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