18 Luther St for sale by Home Start to First Time Home Buyer 

$395,000

 2 units
Main unit

940 square feet plus front porch
2+ bedrooms, 1 1/2 bath
new roof with insulation
liveable but ready for new owner to make personal renovations   two gently used free heat pumps available for installation

Accessory dwelling unit

brand new - 400 square feet plus joint entryway
long term tenant (7year lease)
guaranteed $1250/month rent; 75% can be included in buyer’s

         income calculation


Covenant

the property comes with a permanent covenant which restricts future sale price based on area median income not real estate values


First Time Home Buyer program

greatly reduces amount of down payment required
also can provide funds for closing costs
information on mainehousing.org - “first home loan” administered through an approved bank of buyer’s choosing

Process

Informational Open Houses:

         Friday, April 8           4 - 6 pm 

         Saturday April 9     10am - noon

Interested buyer
needs to get pre-approved for First Time Home Buyer program then complete application available at the Open House

Applicant to be selected by a committee of multi denominational Peaks island clergy