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Wonderful opportunity to buy a Madison Area Community Land Trust home!  


This is a 1420 square foot 3 bedroom, 2 bathroom bungalow built in 2001.

Some additional features are:
  • Filtered water in kitchen
  • New deck
  • New retaining wall on the side of the garage
  • Updated concrete on driveway
  • New garage door opener

The price for this home is $137,273



When you buy a home from the Madison Area Community Land Trust, you:
  • Purchase the house but not the land (this lowers your purchase price).
  • Lease the land from the land trust under a 98-year renewable ground lease — which is as close to forever as we can make it.
  • Buy your house at a below-market-rate price — and in return, if you ever sell your land trust home, you agree to sell your home to another income-eligible household at a below-market-rate price.
  • The resale formula, which governs the resale price, is pretty simple: you get (a) what you paid for the home, plus (b) 25% of the increase in market value.

If you would like to be considered for this home, and are within the income limits below, please fill out this Pre-application, and return it to Karen@MACLT.org.  We will be process the applications in the order that they are received.
 

To buy a MACLT home a buyer’s household GROSS household income (before taxes) must be less than the amounts below.

Household size

Gross annual income limit

1

$52,850

2

$60,400

3

$67,950

4

$75,500

5

$81,550

6

$87,600

7

$93,650

8

$99,700

2019 Annual Gross Income Limit

80% Dane County Median Income

 


OLIVIA@MACLT.ORG  |  KAREN@MACLT.ORG 
2702 INTERNATIONAL LANE |  SUITE 200  |  MADISON, WI 53704
WEBSITE  |  FACEBOOK  |  TWITTER

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Madison Area Community Land Trust · 2702 International Ln Ste 200 · Madison, WI 53704-3117 · USA

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