We are very pleased to announce the listing of 1120 Brabec St! This is the first of hopefully many affordable homes procured by Troy Hill Citizens and offered exclusively to owner-occupants, as part of our overall real estate re-vitalization strategy. Applicants must be a renewing 2018 THC member (by the time of application), with a valid 2017 membership. Note that subsequent real estate listings thru Troy Hill Citizens will follow similar terms and conditions.
A full listing will be made available March 3rd via the Real Estate page. It is estimated that prospective buyers may need to secure financing on the order of $100,000, for purchase (starting price ~$22,000) and renovation of the property. Troy Hill Citizens will provide referrals to several local financing options intended for similar properties with low purchase price and high renovation costs. Such programs include but are not limited to:
The house will be sold as-is, but with the following buyer protections:
- Full access to the latest home inspection report
- Seller disclosure
- Availability of two open houses, during which prospective buyers can view the property with a contractor for estimating renovation costs and securing financing.
The current plan, subject to change, is to have the following schedule:
- March 3rd – List for sale
- March 11th – First open house
- March 18th – Second open house, and start of best-and-final offers
- March 24th – Sale of house to best offer
The following links provide some additional information concerning the property, prior to the formal listing by Troy Hill Citizens:
As a reminder, proceeds from the sale will be used to fund future Troy Hill Citizens events, projects, and services to benefit the community, with a strong emphasis on providing future affordable housing opportunities, attracting businesses that serve the community, and maintaining historical aesthetics and neighborhood character.
